TANAC(SZ:300461)2016-10-28 16:00Financial Performance - Total operating revenue for the reporting period was ¥22,578,587.15, a decrease of 17.33% year-on-year[8]. - Net profit attributable to shareholders was -¥178,933.77, a decline of 102.81% compared to the same period last year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥2,423,952.74, a decrease of 146.34% year-on-year[8]. - The basic earnings per share was -¥0.003, down 103.00% compared to the same period last year[8]. - The company reported a weighted average return on equity of -0.06%, a decrease of 2.15% year-on-year[8]. - The company achieved a total revenue of 75.30 million RMB in the first three quarters of 2016, representing a decrease of 14.17% compared to the same period last year[21]. - The net profit attributable to shareholders was 3.43 million RMB, down 81.61% year-on-year[21]. - Total operating revenue for the third quarter was CNY 22,578,587.15, a decrease from CNY 27,311,315.04 in the previous period[75]. - Net profit for the period was CNY -177,133.88, compared to a net profit of CNY 6,367,975.82 in the same period last year[76]. - The company reported an operating profit of CNY -2,477,333.74, down from CNY 7,794,348.64 in the previous year[76]. - Total operating revenue for the current period was ¥75,295,861.45, a decrease of 14.1% compared to ¥87,723,716.40 in the previous period[83]. - Net profit for the current period was ¥3,431,788.51, down 81.7% from ¥18,654,511.95 in the previous period[84]. Asset and Liability Management - Total assets at the end of the reporting period reached ¥336,649,804.93, an increase of 2.25% compared to the previous year[8]. - Cash and cash equivalents decreased by 64.34% to 49.48 million RMB due to increased cross-period entrusted financial management[20]. - Fixed assets increased by 124.32% to 25.78 million RMB, attributed to the completion of certain factory and ancillary facility constructions[20]. - The company's total assets amounted to CNY 336,649,804.93, an increase from CNY 329,234,336.80 at the beginning of the period[68]. - The total current liabilities increased from CNY 29,778,514.58 to CNY 41,809,514.98 during the reporting period[69]. - The company's inventory rose from CNY 66,592,201.09 to CNY 78,308,965.69, indicating a growth of approximately 17.3%[67]. - The company reported a decrease in accounts receivable from CNY 30,674,683.60 to CNY 27,512,600.15, a decline of about 10.5%[67]. - The non-current assets increased from CNY 53,902,585.03 to CNY 74,728,394.59, reflecting a growth of approximately 38.5%[68]. - The company's total equity decreased from CNY 296,811,672.99 to CNY 292,240,289.95 during the reporting period[70]. Operational Strategy and Development - Approximately 60% of new orders in the first nine months of 2016 were received in the third quarter, with nearly 70% being non-standard and special machines[11]. - The company plans to optimize production processes and increase R&D investment in non-standard and special machines, as well as automated production lines[11]. - The company aims to enhance its management system and internal controls to support rapid expansion and maintain long-term development[14]. - The company is increasing its workforce in response to the trend towards high customization in non-standard and special machines, leading to a rapid increase in employee compensation expenses[23]. - The company plans to optimize production processes and accelerate the investment in equipment and personnel to ensure timely and quality completion of annual production tasks[23]. - The company aims to maintain a gross margin of 40% in the upcoming quarters, supported by cost control measures and operational efficiencies[39]. - The company is focused on enhancing the training of its sales team to ensure they possess rich practical experience and strong customer relationship management skills[46]. Shareholder and Governance Matters - The company plans to publicly sell no more than 1% of its total shares within the next month through a centralized bidding system on the stock exchange[30]. - The company has committed to not selling shares below the initial public offering price during the two years following the lock-up period[32]. - The company has maintained consistent communication among shareholders regarding significant decisions[33]. - The agreement among shareholders ensures unanimous voting on major issues concerning the company[34]. - The company has committed to avoiding any actions that may constitute competition with its main business[35]. - The shareholders have agreed to not transfer or delegate their shares during the effective period of the agreement[34]. - The effective period of the agreement lasts until the company’s initial public offering of common stock[34]. Future Outlook and Growth Initiatives - The company provided a future outlook, projecting a revenue growth of 10% for the next quarter, driven by new product launches and market expansion strategies[38]. - New product development efforts include the introduction of two innovative products expected to contribute an additional RMB 200 million in revenue by the end of the fiscal year[39]. - The company is planning to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[40]. - A strategic acquisition is in progress, which is anticipated to enhance the company's technological capabilities and add approximately RMB 300 million in annual revenue[41]. - The company has committed to a share buyback program, with a total budget of RMB 1,000 million, aimed at stabilizing stock prices[42]. Cash Flow and Financing Activities - Cash flow from operating activities showed a decrease, with cash received from sales and services at ¥87,702,984.80, down from ¥103,961,052.90 in the previous period[90]. - The net cash flow from operating activities for the third quarter was 2,444,475.62 RMB, a decrease of 81.24% compared to 13,066,462.91 RMB in the same period last year[95]. - The total cash inflow from investment activities was 342,885,910.82 RMB, down 25.69% from 461,668,028.62 RMB year-on-year[95]. - The net cash outflow from investment activities was -84,251,788.69 RMB, compared to a net inflow of 1,830,670.01 RMB in the previous year[95]. - The company reported a total cash outflow from financing activities of 10,848,318.49 RMB, compared to 14,412,321.26 RMB in the previous year[96]. - The cash flow from financing activities resulted in a net outflow of -10,848,318.49 RMB, contrasting with a net inflow of 97,993,278.74 RMB in the same period last year[96]. - The company received tax refunds amounting to 2,707,991.85 RMB, an increase from 816,248.01 RMB in the previous year[95]. - The company paid 10,002,000.00 RMB in dividends and interest, compared to 4,182,613.65 RMB in the previous year[96].