TQCC(SZ:002523)2015-10-29 16:00Financial Performance - Total assets increased by 90.22% to CNY 2,764,434,847.96 compared to the end of the previous year[7]. - Net profit attributable to shareholders surged by 951.64% to CNY 29,617,621.46 for the reporting period[7]. - Operating revenue rose by 105.38% to CNY 251,626,671.94 compared to the same period last year[7]. - The net cash flow from operating activities increased by 104.55% to CNY 1,455,785.76 year-to-date[7]. - The weighted average return on equity rose to 2.61%, an increase of 905.56% year-to-date[7]. - Revenue for the period reached ¥475,504,180.30, a 38.48% increase compared to the previous year, mainly due to the acquisition of Huaxin Electromechanical[19]. - Management expenses rose by 51.99% to ¥62,191,392.30, influenced by the acquisition of Huaxin Electromechanical[19]. - Income tax expenses increased by 1943.67% to ¥7,264,509.14, due to higher total profit and the acquisition of Huaxin Electromechanical[20]. - The gross profit margin has shown a certain degree of increase compared to the same period last year, contributing positively to the overall performance[27]. Acquisition Impact - The company completed the acquisition of Huaxin Electromechanical, leading to significant increases in various financial metrics due to expanded consolidation scope[15]. - Accounts receivable interest increased by 30.81% to ¥7,637,845.70, primarily due to the acquisition of Huaxin Electromechanical[16]. - Inventory rose by 168.45% to ¥373,092,133.04, driven by increased orders and the acquisition of Huaxin Electromechanical[16]. - Goodwill surged by 5491.22% to ¥163,225,289.28, resulting from the acquisition of Huaxin Electromechanical[17]. - Prepayments increased by 965.17% to ¥222,313,024.90, attributed to new orders and the acquisition of Huaxin Electromechanical[17]. - The company's capital reserve increased by 74.07% to ¥910,876,580.34, primarily from funds raised for the acquisition of Huaxin Electromechanical[18]. - The company's share capital increased by 68.92% to ¥562,159,048.00, due to capital reserve conversion and fundraising for the acquisition[18]. - Other payables rose by 131.73% to ¥39,252,192.64, mainly due to tax withholdings related to the acquisition of Huaxin Electromechanical[17]. - The company completed the acquisition of Hangzhou Huaxin Electromechanical Engineering Co., which expanded the consolidation scope and contributed to the increase in net profit[27]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 44,391[11]. - The top shareholder, Zhuzhou State-owned Assets Investment Holding Group Co., Ltd., holds 25.55% of shares[11]. - The net profit attributable to shareholders for 2015 is expected to range from 75.35 million to 82.20 million RMB, representing a growth of 450% to 500% compared to 2014's net profit of 13.70 million RMB[26]. - The company has committed to a net profit of no less than 65 million RMB, 67.60 million RMB, and 71.20 million RMB for the years 2015, 2016, and 2017 respectively, excluding non-recurring gains and losses[24]. - The company is focused on maintaining its performance commitments and ensuring shareholder interests are protected[24]. Compliance and Governance - There are no reported securities investments during the reporting period[28]. - The company did not hold shares in other listed companies during the reporting period[29]. - There were no violations regarding external guarantees during the reporting period[30]. - There were no non-operating fund occupations by controlling shareholders or their related parties during the reporting period[31]. - The company has committed to avoid competition and ensure compliance with related party transactions[25].