TSP(SZ:300129)2016-10-28 16:00Financial Performance - Total operating revenue for the reporting period was CNY 310,863,662.30, a decrease of 29.74% year-on-year, while year-to-date revenue was CNY 848,705,539.22, down 25.20% compared to the same period last year[7]. - Net profit attributable to shareholders increased by 16.20% to CNY 52,134,284.07 for the reporting period, and year-to-date net profit rose by 31.57% to CNY 159,018,946.28[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 49,519,105.79, up 14.13% year-on-year, with a year-to-date figure of CNY 149,696,548.45, an increase of 21.15%[7]. - The total comprehensive income attributable to the parent company increased by 44.76% year-on-year, reflecting the growth in net profit[23]. - The cumulative net profit for the year up to September 30, 2016, was RMB 15,899.00 million, an increase of RMB 2,760.19 million or 21.01% year-on-year[30]. - The net profit for the third quarter was CNY 17,052,385.45, down from CNY 29,654,386.88 year-over-year, representing a decline of approximately 42.5%[70]. Assets and Liabilities - Total assets at the end of the reporting period decreased by 5.24% to CNY 2,947,274,812.09 compared to the end of the previous year[7]. - The balance of accounts receivable decreased by 32.66% compared to the beginning of the year, indicating effective collection efforts[22]. - The balance of short-term borrowings decreased by 100% as the company repaid its bank loans[22]. - The total liabilities decreased to CNY 855,868,968.77 from CNY 1,146,905,819.41, a reduction of 25.4%[62]. - The equity attributable to shareholders of the parent company increased to CNY 2,090,978,274.92, up 6.5% from CNY 1,962,728,675.53 year-over-year[59]. Cash Flow - Cash flow from operating activities increased by RMB 193.25 million compared to the same period last year, mainly due to an increase in cash received from sales of goods and services[20]. - Cash flow from investment activities decreased by RMB 30.71 million year-on-year, primarily due to a reduction in net subscriptions of bank wealth management products[20]. - Cash inflow from financing activities decreased by 100% compared to the same period last year, as the company did not engage in related financing activities during the reporting period[25]. - The ending balance of cash and cash equivalents is ¥138,277,181.67, up from ¥93,934,201.99 in the previous period[81]. - The company reported a net cash flow from operating activities of CNY 143,766,496.09, a significant improvement compared to a net outflow of CNY 40,962,243.94 in the same period last year[84]. Investments and Projects - The company invested 10 million RMB in Ningbo Fengnian Junsheng Investment Partnership during the reporting period[22]. - The company has committed investments totaling CNY 50,186.52 million, with a completion rate of 100% for several projects[42]. - The investment in the Xinjiang Taisheng Wind Power Equipment Co., Ltd. reached CNY 10,250 million, achieving 102.50% of the planned investment[42]. - The company has reported a total of CNY 26,073 million in expected benefits from its investments[42]. - The company made its first overseas investment in Canada, but has not yet achieved profitability due to management adaptation challenges; however, the project feasibility is still considered viable[43]. Risk Management - The company faces risks from significant fluctuations in raw material prices, particularly steel, which is a major cost component[10]. - The company is expanding into new business areas such as marine engineering and wind farm operation and maintenance, which may introduce new operational risks[12]. - The company has implemented measures to mitigate risks from project delays and market competition by enhancing project evaluation and contract review processes[10]. - The company is utilizing forward exchange rate locks to manage risks associated with currency fluctuations as it expands internationally[13]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 59,961[15]. - The top shareholder, Liu Zhicheng, holds 7.95% of shares, totaling 58,158,622 shares[15]. - The company has committed to achieving net profits of 50 million, 60 million, and 72 million yuan for the years 2015, 2016, and 2017 respectively, excluding non-recurring gains and losses[35].