MINHE(SZ:002234)2015-10-19 16:00Financial Performance - Net profit attributable to shareholders was CNY -81,803,807.31, a decline of 289.87% year-on-year [7]. - Operating revenue for the reporting period was CNY 243,372,415.45, down 29.74% compared to the same period last year [7]. - The company reported a basic earnings per share of CNY -0.27, a decrease of 292.86% year-on-year [7]. - The weighted average return on net assets was -8.05%, a decrease of 11.76% compared to the previous year [7]. - The company expects a net loss for the fiscal year 2015, with projected losses between CNY -280 million and CNY -230 million [22]. - Investment income for the first nine months of 2015 decreased by 243.51% to CNY -10.39 million, due to increased losses from associated companies [17]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,799,963,940.34, a decrease of 17.80% compared to the end of the previous year [7]. - As of September 30, 2015, the company's long-term borrowings increased by 32.87% to CNY 76.8 million, primarily due to an increase in bank loans [12]. - The company's undistributed profits as of September 30, 2015, decreased by 240.02% to CNY -306.67 million, mainly due to losses incurred during the period [13]. - The asset impairment loss for the first nine months of 2015 was CNY 42.44 million, an increase of 15136.90% compared to the previous period, attributed to increased inventory write-downs due to falling product prices [16]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 203,132,013.65, an increase of 146.06% [7]. - Cash received from other operating activities increased by 729.44% to CNY 433.40 million, primarily from the recovery of structured deposits [20]. - The company reported a 100.00% increase in cash received from tax refunds to CNY 10.87 million, mainly due to export tax rebates [19]. - Cash paid for investments decreased by 57.00% to CNY 172 million, primarily due to reduced investment in financial products and associated companies [19]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,904 [10]. - The largest shareholder, Sun Ximin, held 37.85% of the shares, amounting to 114,310,000 shares, with 85,732,500 shares pledged [10]. Expenses - The company's management expenses for the first nine months of 2015 rose by 42.83% to CNY 63.14 million, driven by increases in depreciation, intermediary fees, labor insurance, and R&D expenses [14]. - The company paid CNY 3.51 million in various taxes during the first nine months of 2015, an increase of 106.34% compared to the previous period, mainly due to higher property tax payments [21]. Investments - The construction in progress increased by 302.89% to CNY 115,104,819.98 due to increased investment in chicken farming and biogas projects [15]. - Prepayments increased by 94.77% to CNY 47,733,095.59, attributed to increased advance payments for orders and projects [14].