久立特材(002318) - 2016 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 2.90% to CNY 44,415,691.97 for the current period[5] - Operating revenue rose by 9.09% to CNY 714,373,169.15 for the current period[5] - Basic earnings per share increased by 20.00% to CNY 0.06[6] - The net profit for the year-to-date period decreased by 8.40% to CNY 107,039,551.33[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 12.47% to CNY 91,181,503.12 year-to-date[5] - The company expects a net profit attributable to shareholders to range from 110.52 million to 147.36 million RMB, reflecting a change of -10.00% to 20.00%[19] - Due to a slowdown in downstream industry investment and intense competition, the company expects a net profit change for 2016 to be between -10% and 20% compared to the previous year[20] - The net profit attributable to shareholders for the year 2015 was CNY 12,279.91 million[20] Assets and Liabilities - Total assets increased by 6.23% to CNY 3,873,217,443.39 compared to the end of the previous year[5] - Cash and cash equivalents decreased by 89.28% to -191,673,845.41 RMB compared to the previous period[17] - Accounts receivable increased by 86.56% to 806,136,847.47 RMB, attributed to longer credit terms with major clients[16] - Prepayments rose by 182.76% to 66,098,826.28 RMB, mainly due to increased advance payments for raw materials[16] - The company’s total liabilities increased significantly, with accounts payable rising by 127.97% to 174,150,000.00 RMB[16] - Employee compensation payable increased by 254.83% to 32,568,775.19 RMB, due to accrued salaries to be paid by year-end[16] Cash Flow - Cash flow from operating activities decreased by 47.64% to CNY 51,627,423.77 year-to-date[5] - The net cash flow from operating activities decreased by 47.64% to 51,627,423.77 RMB, reflecting slower cash recovery[16] - The company’s cash flow from investing activities improved by 10.72%, with a net outflow of -211,902,787.91 RMB[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,504[10] - The largest shareholder, Jiuli Group Co., Ltd., holds 37.16% of the shares, with 191,150,000 shares pledged[10] Financial Challenges - The weighted average return on net assets decreased by 0.02 percentage points to 1.75%[6] - Financial expenses decreased by 37.04% to 8,848,633.93 RMB, primarily due to increased exchange gains from RMB depreciation[16] - Asset impairment losses increased by 107.83% to 59,364,753.01 RMB, driven by higher accounts receivable and inventory write-downs[16] - The company has a sufficient order backlog and is working on product structure transformation to increase the market share of high-end products[20]