大东南(002263) - 2017 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was approximately ¥310.40 million, an increase of 45.79% year-on-year[8]. - Net profit attributable to shareholders of the listed company was a loss of approximately ¥12.06 million, a decrease of 43.45% compared to the same period last year[8]. - Basic earnings per share were -¥0.0064, a decrease of 42.22% compared to the same period last year[8]. - The weighted average return on net assets was -0.44%, a decrease of 0.15% compared to the previous year[8]. - The company expects to turn a profit in 2017, with a projected net profit of between RMB 15 million and RMB 20 million, compared to a net loss of RMB 185.61 million in 2016[22]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥3.97 billion, a decrease of 0.01% compared to the end of the previous year[8]. - Net assets attributable to shareholders of the listed company were approximately ¥2.72 billion, down 0.54% from the previous year[8]. - Long-term borrowings increased by 544.44%, primarily due to a long-term loan of RMB 49 million taken by the subsidiary Ningbo Wanxiang[16]. - Deferred income tax assets increased by 49.65%, mainly due to an increase in accounts receivable leading to higher bad debt provisions[16]. Cash Flow - The net cash flow from operating activities was approximately ¥7.58 million, an increase of 168.25% year-on-year[8]. - Cash and cash equivalents increased by 35.17% compared to the beginning of the period, mainly due to equity transfer and receipt of investment funds amounting to RMB 170 million[16]. - The net cash flow from investing activities significantly increased due to the transfer of 40% equity in Hangzhou Yishang Dadongnan Industrial Development Co., Ltd.[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 104,857[12]. - The largest shareholder, Zhejiang Dadongnan Group Co., Ltd., held 28.09% of the shares, amounting to 527,551,692 shares[12]. Operational Changes - Accounts receivable increased by 56.26% compared to the beginning of the period, primarily due to a relaxation of credit sales policy to respond to market competition[16]. - Prepayments increased by 261.90% compared to the beginning of the period, mainly due to increased procurement prepayments from the subsidiary GaoKe's expanded production[16]. - Operating costs increased by 34.91% compared to the previous period, corresponding to the increase in operating revenue[17]. - Investment income increased by 2281.49% compared to the previous period, mainly due to the disposal of the joint venture Hangzhou Yishang Dadongnan Industrial Development Co., Ltd.[17]. - Other receivables increased by 1320.15%, primarily due to uncollected equity transfer payments from the disposal of the joint venture[16]. Government Support - The company received government subsidies amounting to approximately ¥9.83 million during the reporting period[9].