FASTEN(SZ:000890)2018-10-25 16:00Financial Performance - Operating revenue for the reporting period was CNY 377,847,503.88, down 28.18% year-on-year, and CNY 1,369,912,914.32 for the year-to-date, down 20.52%[8] - Net profit attributable to shareholders was a loss of CNY 3,984,487.26, an increase in loss of 62.53% year-on-year, while year-to-date net profit was CNY 39,457,067.68, up 110.06%[8] - The basic earnings per share for the reporting period was -CNY 0.0105, a decrease of 62.50% year-on-year, while year-to-date it was CNY 0.1039, an increase of 109.90%[8] - The weighted average return on net assets was -0.44% for the reporting period, compared to 0.84% for the same period last year[8] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was CNY 1,413,284,591.91, an increase of 224.72%[8] - Cash and cash equivalents decreased by 35.21% to ¥449,037,579.15 due to a net decrease in cash flow during the period[16] - Accounts receivable decreased by 35.66% to ¥300,174,398.93 primarily due to the collection of matured notes receivable[16] - Prepayments decreased significantly by 82.64% to ¥32,352,935.06 mainly due to the expiration of a specific asset-backed plan[16] - Long-term deferred expenses decreased by 100% to ¥0 due to amortization of long-term deferred expenses[16] - Research and development expenses dropped to ¥0, a 100% decrease, as no R&D expenses were incurred during the period[16] - Operating cash flow increased by 224.72% to ¥1,413,284,591.91, driven by a net increase in customer factoring receivables[17] - Investment cash flow improved by 91.25% to -¥45,475,488.47, reflecting increased cash from the disposal of subsidiaries and fixed assets[17] - Financing cash flow decreased by 172.96% to -¥1,687,750,758.42, primarily due to the expiration of asset-backed plan funds and reduced borrowing[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,514[12] - The largest shareholder, Fasten Hongsheng Group, held 21.34% of the shares, with 81,030,118 shares pledged[12] Compliance and Governance - The company has committed to avoiding any direct or indirect competition with its subsidiaries, ensuring that no similar business activities will be conducted in the future[20] - The company has not engaged in any non-compliance external guarantees during the reporting period[24] - There were no instances of non-operating fund occupation by controlling shareholders or their affiliates during the reporting period[25] - The company has implemented measures to prioritize its interests in case of any conflicts arising from industry competition[20] - The company is focused on ensuring compliance with legal decision-making procedures for any future related party transactions[20] Other Financial Activities - The company reported non-recurring gains and losses totaling CNY 3,101,888.96 for the year-to-date[9] - The company reported a 140.25% increase in investment income to ¥15,044,022.73, attributed to higher returns from financial products compared to the previous year[16] - The company experienced a significant increase in asset disposal income by 855.39% to ¥548,565.85, due to higher gains from fixed asset disposals[17] - There were no securities investments or entrusted financial management activities during the reporting period[21][22] - The company has not reported any significant changes in its cumulative net profit expectations for the year[21] - The company has conducted multiple communications regarding its financial performance and business operations, including inquiries about the impact of US-China trade tensions[23] - The company has committed to conducting transactions with its subsidiaries at fair market prices, avoiding any actions that could harm their interests[20]