CREAT(SZ:002350)2015-10-27 16:00Financial Performance - Operating revenue for the reporting period was ¥341,407,431.81, down 14.57% year-on-year[8]. - Net profit attributable to shareholders was a loss of ¥6,721,125.63, a decline of 135.13% compared to the same period last year[8]. - The net profit after deducting non-recurring gains and losses was a loss of ¥7,198,750.99, down 137.79% year-on-year[8]. - Basic earnings per share were -¥0.0308, a decrease of 135.12% year-on-year[8]. - The weighted average return on net assets was -0.62%, down 2.46% from the previous year[8]. - Net profit attributable to the parent company decreased by CNY 35.85 million, a decline of 86.38%, due to slower contract execution and increased competition[18]. - The net profit attributable to shareholders for 2015 is expected to decrease by 59.26% to 18.51%, with a projected range of 30 million to 60 million yuan[30]. - The net profit for 2014 was approximately 73.63 million yuan, indicating a significant decline in performance[30]. - The decline in performance is attributed to slower contract execution, increased market competition leading to lower gross margins, and expanded losses from certain subsidiaries[30]. Assets and Shareholder Information - Total assets at the end of the reporting period reached ¥1,730,180,740.11, an increase of 1.02% compared to the previous year[8]. - Net assets attributable to shareholders decreased by 2.51% to ¥1,052,106,757.67[8]. - The total number of ordinary shareholders at the end of the reporting period was 13,029[12]. - The largest shareholder, Beijing Creative North Technology Development Co., Ltd., held 42.63% of the shares, amounting to 93,054,709 shares[12]. Cash Flow and Expenditures - Cash flow from operating activities showed a net outflow of ¥154,617,163.92, a decrease of 20.23% compared to the previous year[8]. - The ending balance of cash and cash equivalents decreased by CNY 189.72 million, a reduction of 53.43%, primarily due to higher operational expenditures than cash inflows during the period[16]. - The net cash flow from operating activities decreased by CNY 26.02 million, a reduction of 20.23%, primarily due to higher operational expenditures than cash inflows[18]. - The company has utilized 90 million yuan of raised funds for working capital, which is within 30% of the total raised funds[29]. Investment and Financing Activities - The net cash flow from investing activities increased by CNY 20.37 million, a growth of 17.88%, mainly due to reduced cash payments for fundraising projects compared to the previous year[19]. - The net cash flow from financing activities increased by CNY 82.46 million, a growth of 201.42%, primarily due to increased bank borrowings compared to the previous year[19]. - The company plans to issue up to 37.46 million shares to raise no more than CNY 450.29 million, with the share price adjusted to CNY 12.02 per share[23]. - The company temporarily supplemented working capital with RMB 30 million from raised funds[26]. - The controlling shareholder pledged 21.828 million shares in a repurchase transaction[26]. - The actual controller, Chairman Zhang Xinyu, increased his holdings by a total of 853,666 shares[26]. - The company has not engaged in high-risk investments in the past twelve months and has committed to not do so while using idle raised funds[28]. Project Bids and Acquisitions - The company won a bid for the "Shandong Electric Power Group 2012 Third Batch Equipment Materials Procurement Project" with a total amount of approximately CNY 82.50 million, with revenue confirmed at CNY 70.60 million by the end of the reporting period[21]. - The company acquired 30% equity in Zhengzhou Kaixin Electric Co., Ltd. for CNY 16.50 million, with the acquisition completed by April 28, 2015[23]. - The company won a total bid amount of approximately RMB 165 million in the "State Grid Corporation of China 2013 Second Batch of Equipment Procurement Project"[26]. - The company secured a bid amount of approximately RMB 105 million in the "State Grid Shandong Electric Power Company 2014 First Batch of Equipment Procurement Project"[26]. - The company achieved a bid amount of approximately RMB 259 million in the "State Grid Corporation of China 2014 First Batch of Equipment Procurement Project"[26]. - The company won a bid amount of approximately RMB 279 million in the "State Grid Corporation of China 2015 First Batch of Equipment Procurement Project"[26]. - The company used RMB 16.5 million of raised funds to acquire 30% equity in Zhengzhou Kaixin Electric Co., Ltd.[26]. - The company plans to issue no more than 37 million shares to specific investors, raising a total of no more than RMB 450.29 million[26]. - The company plans to distribute at least 20% of the distributable profits as cash dividends annually, contingent on profitability and cash flow[29].