Lingda Group(SZ:300125)2016-10-27 16:00Financial Performance - Total revenue for the reporting period was CNY 24,787,926.61, representing a decline of 78.28% year-over-year[9]. - Net profit attributable to shareholders was a loss of CNY 5,162,633.30, an increase in loss of 46.79% compared to the same period last year[9]. - Basic earnings per share were CNY -0.04, a decrease of 50.00% compared to the same period last year[9]. - The company's operating revenue for the reporting period was 24.79 million yuan, a decrease of 78.28% year-on-year[21]. - The net loss attributable to shareholders for the reporting period was 5.16 million yuan, a year-on-year decrease of 46.79%[21]. - For the first three quarters of 2016, the company achieved an operating revenue of 74.31 million yuan, a decrease of 64.80% year-on-year[21]. - The total loss for the first three quarters was 26.11 million yuan, a year-on-year decrease of 11.02%[21]. - Total revenue for the current period was CNY 24,787,926.61, a decrease of 78.3% compared to CNY 114,106,192.22 in the previous period[48]. - Total operating costs for the current period were CNY 31,722,128.66, down from CNY 118,390,466.78 in the previous period[48]. - Net profit for the quarter was a loss of CNY 5.43 million, compared to a loss of CNY 10.21 million in the same quarter last year, showing an improvement[54]. - The total comprehensive loss for the quarter was CNY 26.82 million, compared to a loss of CNY 29.23 million in the previous year[58]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,910,181,944.46, a decrease of 3.09% compared to the previous year[9]. - The total assets as of September 30, 2016, amounted to CNY 1,910,181,944.46, a decrease from CNY 1,971,013,863.04 at the beginning of the period[43]. - Current assets totaled CNY 971,568,286.38, down from CNY 998,088,930.65 at the beginning of the period[40]. - The company’s total liabilities decreased to CNY 823,148,995.07 from CNY 853,434,181.37[42]. - The company’s total liabilities decreased to CNY 264,790,000.76 from CNY 280,384,651.54[46]. - The company’s non-current assets totaled CNY 938,613,658.08, down from CNY 972,924,932.39[41]. - The company's cash and cash equivalents decreased to CNY 296,789,992.79 from CNY 319,157,105.51[40]. - The company's cash and cash equivalents decreased to CNY 197,737,396.23 from CNY 223,263,055.81[44]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 26,988,483.66, an increase of 179.44%[9]. - The net cash flow from operating activities for the current period is ¥26,988,483.66, compared to a negative ¥33,971,547.25 in the previous period, indicating a significant improvement[64]. - Total cash inflow from operating activities decreased to ¥112,153,762.28 from ¥229,830,196.47, representing a decline of approximately 51% year-over-year[64]. - Cash outflow from operating activities also decreased to ¥85,165,278.62 from ¥263,801,743.72, a reduction of about 68%[64]. - The net cash flow from investing activities is negative at -¥19,646,323.80, compared to -¥34,625,565.75 in the previous period, showing a smaller loss[65]. - Cash inflow from investing activities increased significantly to ¥903,882,756.20 from ¥459,457,616.17, marking an increase of approximately 96%[65]. - Cash outflow from investing activities rose to ¥923,529,080.00 from ¥494,083,181.92, an increase of about 87%[65]. - The net cash flow from financing activities is negative at -¥34,905,388.88, slightly improved from -¥35,413,384.68 in the previous period[65]. - The total cash and cash equivalents at the end of the period is ¥243,025,728.04, a slight increase from ¥240,335,798.03 in the previous period[65]. Shareholder Information - The total number of shareholders at the end of the reporting period was 6,144[14]. - The largest shareholder, Hangzhou Guanghengyu Equity Investment Partnership, holds 21.88% of the shares[14]. - The company has committed to not transferring shares obtained from the equity transfer for 36 months, ensuring stability in shareholder structure[26]. - The company has committed to increase its shareholding by no more than 2% of the total share capital within 12 months from July 9, 2015[27]. Investment and Projects - The total amount of raised funds is CNY 777.80 million, with CNY 482.57 million already invested by the end of the reporting period[29]. - The commitment to invest in the Hubei Century Xinfeng Contract Energy Management Project has not been fulfilled, with a total investment of CNY 77.74 million planned but not achieved[29]. - The EasyStar Technology Park R&D Center project has a total investment of CNY 50.71 million, which is fully utilized[29]. - The total amount of over-raised funds is CNY 274 million, with all funds allocated to projects[29]. - The company has achieved 100% progress in the investment of CNY 8 million for supplementary working capital[29]. - The company has reported a cumulative investment of CNY 20.83 million in committed investment projects, with a completion rate of 100%[29]. - The company is in the final acceptance stage for the EasyStar Technology Park R&D Center project, with future functionality dependent on strategic needs[29]. - The company utilized CNY 36 million of raised funds for the "Kashgar Feilong 2000 tons new dry cement production line waste heat power generation contract energy management project" and acquired 100% equity of Golmud Shenguang New Energy Co., Ltd. for CNY 238 million[30]. Operational Risks - The company faces market risks in its waste heat power generation business due to dependence on high-energy-consuming industries[12]. - The company is experiencing risks related to power curtailment in the western photovoltaic industry, affecting its Golmud photovoltaic power station[12]. - The company faced significant risks in the waste heat power generation market due to macroeconomic adjustments and industry conditions[23]. - The company established wholly-owned subsidiaries in Xiamen and the United States, facing potential operational and management risks[22]. - The company is actively addressing legal disputes and investment risks associated with its operations in the waste heat power generation sector[22]. - The company is currently involved in a contract dispute with Xuzhou Longshan Cement Co., Ltd., with the outcome still uncertain[31]. Cost Management - The company experienced a significant reduction in sales expenses, which were CNY 3.39 million, down 64.7% from CNY 9.57 million last year[56]. - Management expenses decreased to CNY 23.81 million, a reduction of 36.7% from CNY 37.52 million year-on-year[56]. - The company is focusing on improving operational efficiency and reducing costs in response to the challenging market conditions[57].