江南化工(002226) - 2015 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥341,259,969.58, a decrease of 21.63% year-on-year[8]. - Net profit attributable to shareholders of the listed company was -¥2,745,254.80, a decline of 104.49% compared to the same period last year[8]. - Basic earnings per share were -¥0.0035, down 104.56% year-on-year[8]. - Cash flow from operating activities decreased by 32.66% to ¥185,944,538.79 year-to-date[8]. - The net cash flow from operating activities for the reporting period was CNY 185,944,538.79, a decrease of 32.66% year-on-year, attributed to a decline in operating income and corresponding decreases in tax payments[20]. - The estimated net profit attributable to shareholders for 2015 is expected to range from 48.58 million to 97.16 million CNY, representing a decrease of 40% to 70% compared to the previous year's net profit of 161.93 million CNY[29]. - Increased management expenses due to the rise in the national social security base have contributed to the anticipated decrease in net profit[29]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,329,074,363.39, an increase of 7.55% compared to the end of the previous year[8]. - Net assets attributable to shareholders of the listed company increased by 12.10% to ¥2,851,269,129.18[8]. - The company's cash and cash equivalents decreased by 45.10% to ¥321,233,915.01 due to dividend payments and reduced external financing[15]. - Available-for-sale financial assets increased by 251.43% to ¥798,915,044.27, primarily due to the increase in fair value of investments[15]. - Deferred income tax liabilities at the end of the period amounted to CNY 125,992,156.13, an increase of 151.55% compared to the beginning of the year, due to tax expenses related to changes in the fair value of available-for-sale financial assets[17]. - The total share capital at the end of the period was 791,278,992 shares, an increase of 98.67% compared to the beginning of the year, due to a capital reserve conversion plan[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 82,331[11]. - The largest shareholder, Shun'an Holding Group Co., Ltd., holds 33.23% of the shares, totaling 262,920,000 shares[11]. - The company has committed to avoiding competition with its major shareholder, Shun'an Holdings, following a significant asset restructuring[27]. Investment and Financing - Short-term borrowings at the end of the period totaled CNY 447,538,800.00, an increase of 166.80% compared to the beginning of the year, primarily due to adjustments in the company's external financing structure and an increase in bank short-term loans[16]. - The company's financial expenses for the reporting period were CNY 20,996,796.49, a decrease of 30.02% year-on-year, mainly due to a reduction in external financing scale and lower bank lending rates[19]. - The company plans to invest CNY 50 million in Beijing Guangnian Infinite Technology Co., holding 14.44% of its registered capital, to adapt to new information technology industries[23]. Impairment and Losses - The company recorded an asset impairment loss of CNY 30,151,084.35 for the reporting period, an increase of 289.97% year-on-year, primarily due to impairment testing on goodwill[19]. - The company plans to recognize impairment losses on goodwill related to its subsidiary Xinjiang Tianhe, which has seen a decline in performance since 2014[29]. Other Information - There were no securities investments during the reporting period[30]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[32]. - The company has not reported any violations regarding external guarantees during the reporting period[32]. - The company has been in a continuous suspension of trading related to a non-public stock issuance since July 2015[26].