JINDUN(SZ:300411)2015-10-26 16:00Financial Performance - Total operating revenue for the reporting period was CNY 76,874,249.35, down 3.94% year-on-year[6]. - Net profit attributable to shareholders was CNY 11,847,434.66, a decline of 15.14% compared to the same period last year[6]. - Basic earnings per share decreased by 41.67% to CNY 0.07[6]. - The weighted average return on equity was 2.29%, down 3.09% year-on-year[6]. - The company reported a net cash flow from operating activities of CNY -66,052,055.44, a significant decrease of 216.74%[6]. - Total operating revenue for Q3 2015 was CNY 76,874,249.35, a decrease of 4.4% compared to CNY 80,030,533.10 in the same period last year[63]. - Net profit for Q3 2015 was CNY 11,847,434.66, down 15.2% from CNY 13,961,039.32 in Q3 2014[64]. - Total comprehensive income for Q3 2015 was CNY 11,847,434.66, a decrease of 15.2% compared to CNY 13,961,039.32 in Q3 2014[65]. - The total comprehensive income for the period was CNY 33,759,257.92, compared to CNY 32,505,939.19 in the previous period, reflecting an increase of approximately 3.84%[69]. - Basic and diluted earnings per share decreased to CNY 0.21 from CNY 0.27, representing a decline of about 22.22%[69]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 803,545,206.06, a decrease of 5.13% compared to the previous year[6]. - The total current assets are 571,106,246.05 CNY, down from 662,429,830.08 CNY at the beginning of the period[59]. - The total non-current assets are 232,438,960.01 CNY, an increase from 184,597,865.73 CNY at the beginning of the period[60]. - The total liabilities include short-term borrowings of 81,300,000.00 CNY, down from 97,500,000.00 CNY at the beginning of the period[60]. - Total liabilities decreased to CNY 265,700,287.75 from CNY 335,132,790.16 year-over-year, reflecting a reduction of approximately 20.7%[62]. - Total equity attributable to shareholders increased to CNY 537,844,918.31, up from CNY 511,894,905.65, representing a growth of 5.1%[62]. Cash Flow - Cash inflows from operating activities totaled CNY 160,154,985.23, down from CNY 214,538,747.31, indicating a decrease of approximately 25.3%[70]. - Cash outflows from operating activities were CNY 226,207,040.67, slightly reduced from CNY 235,392,665.69, resulting in a net cash flow from operating activities of CNY -66,052,055.44, compared to CNY -20,853,918.38 in the previous period[71]. - Cash flow from investing activities resulted in a net outflow of CNY -56,528,114.65, compared to CNY -28,504,203.70 in the previous period, indicating an increase in investment expenditures[71]. - Cash inflows from financing activities were CNY 96,300,000.00, down from CNY 171,000,000.00, reflecting a decrease of approximately 43.7%[72]. - Cash outflows from financing activities increased to CNY 192,298,796.27 from CNY 133,253,881.07, marking an increase of about 44.3%[72]. - The net increase in cash and cash equivalents was CNY -218,574,394.64, compared to CNY -11,611,698.18 in the previous period, indicating a significant decline in liquidity[72]. - The ending balance of cash and cash equivalents was CNY 29,525,248.66, down from CNY 40,386,511.25, reflecting a decrease of approximately 27%[72]. Shareholder Information - The total number of shareholders at the end of the reporting period was 20,044[12]. - The largest shareholder, Zhou Jiancan, holds 21.52% of the shares, amounting to 34,428,000 shares, which are pledged[13]. - The company reported a profit distribution policy emphasizing reasonable returns to shareholders while ensuring sustainable development[35]. - The cash dividend will be prioritized over stock dividends, with conditions for cash distribution being met when the company's distributable profit is positive[36]. - The company plans to conduct at least one profit distribution annually, with the board able to propose interim cash or stock dividend distributions based on profitability and funding needs[36]. - The company has a commitment to maintain a continuous and stable profit distribution policy[36]. - The company will allow for a maximum of 20% share reduction in the first and second years after the lock-up period[33]. - The share reduction price will not be lower than the initial public offering price, adjusted for any corporate actions such as dividends or stock splits[34]. - The company has a structured approach to profit allocation, ensuring equal rights for shareholders[36]. - The company emphasizes compliance with legal responsibilities regarding share reduction commitments[34]. - The company will explore other financing channels before resorting to share reduction if funds are urgently needed[33]. - The company has a clear strategy for managing its shareholding structure and capital expansion in line with performance growth[36]. - The company plans to distribute cash dividends primarily, with a minimum cash distribution of 20% of the distributable profit for the year if conditions are met[38]. - In mature development stages without significant capital expenditure, the minimum cash dividend proportion should reach 80%[38]. - The company will consider issuing stock dividends if the cumulative undistributed profits exceed 120% of the total share capital and if it benefits the overall interests of shareholders[39]. - The board of directors must carefully evaluate the timing, conditions, and minimum proportion of cash dividends before making decisions[40]. - If the company fails to meet cash distribution conditions or has distributed less than 30% of the average distributable profit over the last three years, it must explain the reasons in public announcements[41]. - The profit distribution policy cannot be changed arbitrarily and must comply with legal regulations and the company's articles of association[42]. - The company is committed to maintaining transparent communication with minority shareholders regarding profit distribution proposals[40]. - The board of directors must obtain approval from more than half of the directors before submitting profit distribution policy changes to the shareholders' meeting[42]. - The company will disclose the profit distribution policy in detail in its annual report, including compliance with regulations and clarity of standards[43]. Business Operations - The company has not experienced significant changes or adjustments in its products or services during the reporting period[25]. - The company has increased its efforts in developing the subway, tunnel, and nuclear power markets according to its 2015 annual business plan, with no major changes to the plan[25]. - There is no significant reliance on a single supplier, and changes among the top five suppliers are normal and do not have a major impact on operations[24]. - The company does not have significant reliance on a single customer, and changes among the top five customers are substantial but do not have a major impact on operations[24]. - The company is currently focused on the research and sales of wind turbines as its main business[43]. - The company has pledged to stop producing or operating any products or services that may compete with its own[48]. - If any commitments are proven untrue or not adhered to, the company will compensate for all direct and indirect losses[49]. - The company has made a commitment to not disclose any technical information or trade secrets to competitors[47]. - The company has established a framework to prevent any potential conflicts of interest among its major shareholders[45]. Investments and Projects - The company signed a technical cooperation development agreement with Shenzhen Ruigu Electronics Co., Ltd. for a total contract amount of CNY 11.65 million, currently in the preparatory stage[23]. - The company won a bid for the ventilation system equipment project for Changchun Metro Line 1, with a contract amount of CNY 40,602,438.00, yet to commence[23]. - The company signed a wind turbine supply contract with China Zhongyuan Engineering Co., Ltd. totaling 21.98 million yuan, which has not yet commenced performance during the reporting period[24]. - The company won the bid for the Hongyanhe Nuclear Power Project 5-6 Unit LOT12B (CI/BOP fan) project with a contract amount of 6,711,665 yuan, which has also not yet commenced performance during the reporting period[24]. - The total amount of raised funds is 21,865.97 million CNY, with 545.17 million CNY invested in the current quarter[52]. - Cumulative investment of raised funds amounts to 16,439.37 million CNY, with a cumulative change in purpose ratio of 0.00%[52]. - The investment in the intelligent ventilation system for subways and tunnels is 11,530 million CNY, with 61.44% of the project completed by December 31, 2015[52]. - The investment in the AP1000 nuclear power ventilation and air conditioning system is 7,878 million CNY, with 87.44% of the project completed by December 31, 2015[52]. - The company has pre-invested 7,332.13 million CNY from self-raised funds before the actual arrival of the raised funds[53]. - The company temporarily supplemented working capital with 6,000 million CNY of idle raised funds, which was fully returned by August 21, 2015[53]. Compliance and Governance - The third quarter report was not audited, which may affect the reliability of the financial data presented[73]. - The company has confirmed that it will comply with all legal requirements regarding its IPO and will repurchase shares if there are significant misstatements in the prospectus[50]. - The company has committed to timely fulfill all promises made to minority shareholders[50]. - If the company's stock price falls below the issue price for 20 consecutive trading days within six months post-IPO, the lock-up period for shareholders will be extended by six months[49].