TPC(SZ:002134)2016-10-27 16:00Financial Performance - Operating revenue increased by 3.26% to ¥99,603,284.29 compared to the same period last year[9] - Net profit attributable to shareholders was a loss of ¥15,386,843.70, down 81.65% year-on-year[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥15,679,583.31, down 74.24% year-on-year[9] - Basic earnings per share was -¥0.06, a decrease of 100.00% compared to the same period last year[9] - Diluted earnings per share was -¥0.06, a decrease of 100.00% compared to the same period last year[9] - The net loss for Q3 2016 was CNY 15,386,831.32, compared to a net loss of CNY 8,473,473.18 in Q3 2015, reflecting a deterioration in performance[35] - The net loss for the current period was CNY 15,386,862.28, compared to a net loss of CNY 8,466,205.06 in the previous period, reflecting a worsening financial position[39] - The total profit for the third quarter was a loss of ¥43,940,975.97, compared to a loss of ¥27,830,244.34 in the same period last year, representing an increase in loss of approximately 58%[46] - The net profit for the third quarter was a loss of ¥43,878,232.36, compared to a loss of ¥27,614,105.84 in the previous year, indicating a year-over-year increase in loss of about 59%[46] - Basic and diluted earnings per share for the third quarter were both -¥0.18, compared to -¥0.11 in the same period last year[46] Assets and Liabilities - Total assets decreased by 6.02% to ¥674,906,475.72 compared to the end of the previous year[9] - Net assets attributable to shareholders decreased by 8.40% to ¥478,526,630.93 compared to the end of the previous year[9] - The total liabilities as of the end of Q3 2016 amounted to CNY 196,672,294.33, slightly up from CNY 196,018,005.80 at the beginning of the period[32] - The total equity attributable to shareholders of the parent company decreased to CNY 480,179,898.00 from CNY 524,058,130.36, a decline of approximately 8.4%[32] - The company’s total assets as of the end of Q3 2016 were CNY 676,852,192.33, down from CNY 720,076,136.16 at the beginning of the period, indicating a decrease of approximately 6.0%[31] Cash Flow - Cash flow from operating activities decreased by 65.96% to ¥2,450,325.62 year-to-date[9] - The net cash flow from operating activities decreased by 65.96% to ¥2.45 million from ¥7.20 million, primarily due to reduced cash inflows related to operations[16] - Cash inflow from operating activities totaled ¥299,121,242.78, down 15.6% from ¥354,738,722.74 in the previous year[49] - The net cash flow from operating activities was ¥2,450,325.62, a decrease of approximately 66% from ¥7,198,193.35 in the same period last year[49] - The net increase in cash and cash equivalents was negative at -¥29.57 million, a decline of 204.84% compared to the previous period[16] - The ending balance of cash and cash equivalents was ¥41,941,304.05, down from ¥75,153,871.09 at the end of the previous year[50] Investments and Receivables - Accounts receivable decreased by 74.46% to ¥2.48 million from ¥9.71 million due to reduced outstanding invoices[16] - Prepayments increased significantly by 699.81% to ¥5.97 million from ¥0.75 million, indicating a rise in advance payments for projects[16] - Long-term equity investments surged by 1497.92% to ¥2.32 million from ¥0.15 million, reflecting additional investments in associated companies[16] - Accounts receivable increased to CNY 114,678,121.85 from CNY 103,908,640.31, showing a rise of approximately 10.0%[29] - Inventory levels decreased to CNY 114,658,877.09 from CNY 123,038,664.12, a decline of about 6.8%[29] Operating Costs - Total operating costs for Q3 2016 were CNY 115,479,256.90, up from CNY 105,584,855.97, indicating an increase of about 9.0% year-over-year[35] - Operating costs rose to CNY 106,904,392.00, up from CNY 96,298,912.81, indicating a significant increase in costs[38] - The total operating costs for the year-to-date were CNY 322,769,200.94, slightly down from CNY 327,658,735.97 in the previous year[42] Future Outlook - The company expects a net loss for 2016, projecting a loss between ¥5,000 million and ¥6,000 million, attributed to weak market demand and rising raw material costs[18]