CRM(SZ:000927)2016-10-30 16:00Financial Performance - Operating revenue for the reporting period was CNY 469,479,542.36, down 23.70% year-on-year[4] - Net profit attributable to shareholders was a loss of CNY 306,454,198.61, a decrease of 3.30% compared to the same period last year[4] - Basic earnings per share were CNY -0.1921, an increase of 3.31% year-on-year[4] - The company's operating revenue for the year-to-date period was ¥1,472,429,993.85, a decrease of 44.63% compared to ¥2,659,352,343.92 in the same period last year, primarily due to a decline in sales volume[11] - The net cash flow from operating activities was -¥1,619,431,438.99, representing a 27.54% increase in losses compared to -¥1,269,728,042.83 in the previous year, mainly due to reduced sales[12] - The company anticipates a significant loss or a substantial change in net profit compared to the previous year, indicating ongoing challenges in the automotive market[16] Assets and Liabilities - Total assets increased by 21.17% to CNY 7,153,809,809.38 compared to the end of the previous year[4] - Net assets attributable to shareholders decreased by 53.72% to CNY 710,629,965.74[4] - The company reported a significant increase in prepayments by 3551.37% to CNY 2,628,670,646.44, mainly due to the advance received from the transfer of a 15% stake in FAW Toyota[9] - Inventory increased by 52.19% to CNY 704,617,637.02, primarily due to an increase in finished vehicle stock[9] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 53,909[7] - The top two shareholders held a combined 72.19% of the shares, with China First Automobile Group holding 47.73% and Tianjin Baoli Machinery Equipment Group holding 24.46%[7] Costs and Expenses - The company's total operating costs decreased by 32.38% to ¥1,907,417,561.98 from ¥2,820,660,177.13, in line with the reduction in sales volume[11] - Management expenses decreased by 31.53% to ¥338,324,799.18 from ¥494,087,436.51, attributed to cost reduction efforts and decreased development expenses following the transfer of the development center[11] - Financial expenses were reduced by 36.28% to ¥68,418,425.44 from ¥107,371,814.63, mainly due to a decrease in loans[11] Investment Activities - The company reported a significant increase in net cash flow from investing activities, amounting to ¥2,975,744,470.31, a 1026.30% increase compared to ¥264,204,378.34 in the same period last year, primarily from the sale of a 15% stake in FAW Toyota[12] - The company completed the transfer of a 15% stake in FAW Toyota for ¥256,050 million, with the transaction finalized on October 28, 2016[13] Strategic Initiatives - The company has committed to improving operational management and addressing competition issues with its major shareholder, FAW Group, through potential asset restructuring[15] - The company has not engaged in any securities or derivative investments during the reporting period[17][18]