ST天龙(300029) - 2016 Q3 - 季度财报

Financial Performance - Total operating revenue for the reporting period was CNY 23,065,125.09, down 38.47% year-on-year[7]. - Net profit attributable to shareholders was a loss of CNY 23,927,678.04, an increase in loss of 85.49% compared to the same period last year[7]. - Basic earnings per share were -CNY 0.1196, a decrease of 85.43% year-on-year[7]. - Operating profit for the quarter was -27.6255 million yuan, representing an increase in loss of 91.44% year-on-year[17]. - The net profit attributable to the parent company was -23.9277 million yuan, an increase in loss of 85.49% compared to the previous year[17]. - The company reported a net loss of ¥845,792,986.75, compared to a loss of ¥819,340,882.37 at the beginning of the period[47]. - The company reported an asset impairment loss of CNY 9,264,120.67 for the current period, compared to a gain of CNY -317,922.28 in the previous period[53]. - The company’s total operating revenue for the year-to-date is CNY 117,281,038.23, down from CNY 121,969,208.33 in the previous year[60]. - The net profit for the current period is CNY -29,679,654.94, an improvement from CNY -40,831,383.21 in the previous period, indicating a reduction in losses[62]. - The total comprehensive income for the current period is CNY -29,679,654.94, compared to CNY -40,831,383.21 in the previous period, reflecting a significant reduction in comprehensive losses[62]. Cash Flow - The net cash flow from operating activities was a negative CNY 38,583,643.68, a decrease of 63.24% compared to the same period last year[7]. - The company has faced significant cash flow risks, with a net cash outflow from operating activities of -38.58 million yuan, a 63.24% improvement from the previous year[16]. - The cash flow from operating activities shows a net outflow of CNY -38,583,643.68, an improvement from CNY -104,956,951.24 in the previous period[68]. - The net cash flow from investment activities was 9,621,969.96 RMB, a recovery from -7,121,158.92 RMB in the previous period[72]. - The company reported a net cash flow from financing activities of -4,938,145.90 RMB, down from 56,092,900.88 RMB in the previous period[73]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 545,183,733.22, a decrease of 10.45% compared to the end of the previous year[7]. - Total current assets decreased from ¥366,912,738.53 at the beginning of the period to ¥323,613,155.55 at the end, a decline of approximately 11.8%[44]. - Total liabilities decreased from ¥356,431,207.05 to ¥322,511,933.45, a decrease of approximately 9.5%[46]. - The company's total equity decreased from ¥252,351,454.72 to ¥222,671,799.77, a decrease of approximately 11.8%[47]. - Total liabilities amount to CNY 198,141,160.67, down from CNY 221,601,893.24 in the previous period[53]. Market Risks and Competition - The company faced significant market competition risks and product sales risks due to industry overcapacity and reduced market demand[10]. - Inventory turnover difficulties were noted, with a need for faster inventory product upgrades and sales to avoid further devaluation[10]. - The company has identified market competition risks and plans to introduce high-tech talent and new technologies to reduce sales costs[19]. Investments and Projects - The investment in the annual production of 1,200 single crystal silicon growth furnaces project has reached CNY 13,077 million, with a completion rate of 100%[33]. - The investment in the annual production of 150 polycrystalline silicon ingot furnaces project has reached CNY 1,728.4 million, with a completion rate of 100%[33]. - The company has a commitment to invest in the establishment of a joint venture for the production of LED MOCVD equipment, with an investment of CNY 8,833.33 million, achieving a completion rate of 100%[33]. - The company has not experienced any significant changes in the feasibility of its investment projects[33]. Shareholder and Corporate Governance - The total number of ordinary shareholders at the end of the reporting period was 16,250[12]. - The controlling shareholder, Changzhou Noah, has increased its holdings by 364,800 shares, representing 0.18% of the total shares, bringing its total holdings to 40,457,206 shares, or 20.23%[30]. - The company has committed to avoiding any business that competes with its main business and similar operations as of the report date[23]. - The company has ensured that any business opportunities that may compete with its main business will be communicated to the main company immediately[24]. - The company has adhered to its commitments regarding avoiding conflicts of interest and ensuring fair transactions with its main business[25]. - The company has committed to reducing related party transactions to the minimum necessary for operational efficiency[28]. - The company has established a framework to prioritize the interests of all shareholders in its business dealings[28].