SUNWARD(SZ:002097)2014-10-30 16:00Financial Performance - Operating revenue decreased by 26.03% to CNY 331,919,200.61 for the current period, and decreased by 16.18% to CNY 1,389,905,714.06 year-to-date[6] - Net profit attributable to shareholders was a loss of CNY 2,632,354.07, a decrease of 528.53% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 46,623,334.17, a decrease of 77.32% compared to the same period last year[6] - Basic earnings per share were CNY -0.0052, a decrease of 446.67% compared to the same period last year[6] - Operating profit for the first nine months decreased by 330.46% year-over-year, attributed to a decline in operating income and an increase in financial expenses[17] - Net profit for the first nine months dropped by 80.60% year-over-year, mainly due to a significant decrease in operating profit[17] - The company expects a net profit attributable to shareholders for 2014 to decline by 80.00% to 50.00% compared to the previous year, influenced by a slowdown in fixed asset investment and weak demand in the construction machinery market[20] Assets and Liabilities - Total assets increased by 18.15% to CNY 6,651,823,983.85 compared to the end of the previous year[6] - Total liabilities amounted to CNY 3,865,954,159.94, up from CNY 3,604,462,127.97, marking a rise of 7.3%[30] - Long-term borrowings increased by 13,781.43% compared to the end of the previous year, primarily due to an increase in long-term loans[17] - Goodwill increased by 41.46% compared to the end of the previous year, primarily due to the premium paid for acquiring minority shares in Wuxi Biker[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 62,989[10] - The largest shareholder, He Qinghua, holds 21.71% of the shares, amounting to 109,308,760 shares[10] - Shareholders' equity increased to CNY 2,524,019,321.41 from CNY 1,766,984,493.17, a growth of 42.9%[32] Cash Flow - The company reported a net cash flow from operating activities of CNY 190,119,804.96, a decrease of 23.77% year-to-date[6] - The net cash flow from operating activities was CNY 222,774,939.51, a decrease of 23.7% from CNY 249,417,030.40 in the previous period[43] - Cash flow from investing activities shows a net outflow of ¥196,338,022.04, compared to a net outflow of ¥215,465,945.49 in the previous period[44] - Cash flow from financing activities has a net inflow of ¥774,513,444.20, compared to a net outflow of ¥175,911,650.76 in the previous period[44] Operational Efficiency - The company reported a total cash outflow from operating activities of CNY 1,190,590,217.18, compared to CNY 1,013,246,048.72 in the previous year[47] - The company's cash flow from operating activities showed a significant decline, indicating potential challenges in operational efficiency[47] - The company reported a net profit margin decline due to increased operating costs, with financial expenses rising to CNY 43,960,411.90 from CNY 39,231,696.08[32] Market Outlook - The company plans to focus on market expansion and new product development to improve future performance[32]