kxjd(SZ:300092)2015-10-22 16:00Financial Performance - Total operating revenue for the reporting period was CNY 34,527,481.82, down 44.12% year-on-year[6]. - Net profit attributable to shareholders was CNY -9,113,734.06, representing a decline of 1,840.78% compared to the same period last year[6]. - Basic earnings per share were CNY -0.04, a decrease of 500.00% year-on-year[6]. - The company reported a net profit attributable to shareholders of RMB -5,026,957.73, a decrease of 351.76% compared to the same period last year[26]. - The net profit attributable to the parent company is -$9,113,734.06, contrasting with a profit of $523,544.62 in the previous period[64]. - The operating profit for the current period is -$12,336,931.86, compared to -$3,744,228.81 in the previous period, indicating a worsening performance[63]. - The company expects a net loss attributable to shareholders of 28 million to 33 million yuan for the period from the beginning of the year to the next reporting period[49]. Cash Flow - The net cash flow from operating activities was CNY 22,867,127.36, an increase of 280.66% compared to the previous year[6]. - Cash inflow from operating activities totaled RMB 169,116,472.59, an increase of 22.59% due to higher cash receipts from sales of goods and services[24]. - Cash outflow from operating activities decreased by 2.90% to RMB 146,249,345.23, leading to a cash flow from operating activities of RMB 22,867,127.36[24]. - The cash flow from operating activities generated a net amount of ¥22,867,127.36, a recovery from a negative cash flow of -¥12,657,580.78 in the previous year[78]. - Total cash inflow from operating activities is ¥147,844,785.98, an increase from ¥120,139,170.76 in the previous period, representing a growth of approximately 23%[81]. - Cash outflow from operating activities decreased to ¥119,998,334.01 from ¥124,891,799.12, indicating improved operational efficiency[82]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 728,041,677.35, a decrease of 4.41% compared to the previous year[6]. - Current assets totaled ¥341,617,759.88, a decrease of 3.2% from ¥352,376,096.33 at the beginning of the period[54]. - Total liabilities decreased to ¥212,362,594.52, down 10.7% from ¥237,946,398.84[56]. - The company's accounts receivable decreased by 47.70% to RMB 8,303,334.77 from RMB 15,875,297.00, mainly due to payments for material procurement and the maturity of notes receivable[21]. - The company's total assets and liabilities showed significant changes, with a reduction in short-term borrowings by 100% to RMB 0, as the company repaid its due loans[21]. Operational Challenges - The performance of the subsidiary Xinjiang Kexin has been severely impacted by macroeconomic downturns, leading to significant declines in order volume and revenue[11]. - The company is facing risks of order suspension or termination due to adverse macroeconomic conditions affecting client projects[12]. - The company’s marketing orders have significantly declined compared to the previous year, with many orders being suspended[49]. - The company is facing risks related to macroeconomic policy changes that could impact demand for pressure vessels in downstream industries such as oil, chemical, and energy[36]. - The company’s fixed production costs and operating expenses could not be diluted due to insufficient order volumes, leading to financial strain[49]. Research and Development - Significant R&D projects include the development of a nuclear-grade gas duct, which is crucial for the company's product transformation and market expansion in the new energy sector[31]. - The air cooler technology for gas turbines has been completed, laying the foundation for domestic production and filling a gap in the market[31]. - The company is in the research phase for a thermal exchange system for solar thermal power generation, which will enhance its capabilities in clean energy[31]. - The company is developing a hydrogenation reactor core technology, which will reduce manufacturing costs and improve competitiveness in the clean utilization of coal[32]. - A project for shale gas drilling wastewater treatment is in development, with a maximum production capacity of 36,000 cubic meters per year, marking the company's entry into environmental equipment[32]. Market Strategy - The company plans to enhance marketing efforts and expand sales regions to secure large orders amid competitive pressures in the pressure vessel industry[10]. - The company plans to expand its market presence and invest in new technologies to drive future growth[60]. - The company established a wholly-owned subsidiary, Sichuan Kexin Aolai Import and Export Co., Ltd., with an investment of RMB 30 million to expand its business scope and enhance competitiveness[35]. Financial Risks - Financial risks are increasing due to the growing demand for credit facilities, which may affect the company's operating performance[37]. - The company benefits from preferential tax policies, but future changes in these policies pose a risk to its financial performance[39]. - The concentration of control among three actual controllers poses a risk to the interests of minority shareholders[42].