天汽模(002510) - 2017 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 56.28% to CNY 8,831,764.61 for the current period[8] - Operating revenue decreased by 12.45% to CNY 328,745,207.45 for the current period[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 68.03% to CNY 5,995,177.08[8] - The estimated net profit attributable to shareholders for 2017 is expected to range from ¥10,502.87 million to ¥16,504.51 million, reflecting a decrease of 30.00% to an increase of 10.00% compared to the previous year[23] Assets and Liabilities - Total assets increased by 8.63% to CNY 4,620,030,763.93 compared to the end of the previous year[8] - Prepayments increased by 70.94% to CNY 138,486,303.64 due to higher fixed asset purchases and imported raw material prepayments[16] - Construction in progress rose by 86.33% to CNY 186,546,822.34 primarily due to equipment purchases for convertible bond projects[16] - Short-term borrowings increased by 37.52% to CNY 647,849,500.00 as a result of increased bank loans[16] - Tax payable decreased by 50.59% to CNY 53,448,971.34 due to adjustments in estimated sales tax amounts[16] - Interest payable decreased by 100% to CNY 0 as all convertible bonds were converted and redeemed[16] - Other payables as of September 30, 2017, amounted to ¥58,648,892.62, an increase of 893.95% compared to the beginning of the period, primarily due to the adjustment of estimated output tax to other payables[17] - As of September 30, 2017, the company's long-term payables were ¥7,832,077.65, reflecting a 100% increase from the beginning of the period, mainly due to new equipment financing lease business[17] Cash Flow - Net cash flow from operating activities surged by 4,714.74% to CNY 136,666,854.68[8] - The net cash flow from operating activities was ¥100,722,501.65, an increase of 19,800.41% year-on-year, primarily due to an increase in accounts receivable collections[18] - The net cash flow from investing activities was -¥187,680,719.32, an increase of 114.14% year-on-year, mainly due to increased fixed asset purchases and investment activities[18] - The net cash flow from financing activities was ¥122,465,387.89, a decrease of 64.76% year-on-year, primarily due to the previous year's issuance of convertible bonds[19] Business Outlook - The company anticipates a slight decline in mold business due to low gross margins on some long-cycle projects and a decrease in the stamping business due to lower sales from main engine manufacturers[23] - The company has sufficient orders on hand, indicating potential improvement in gross margins in the future[23] Other Comprehensive Income - Other comprehensive income as of September 30, 2017, was -¥1,977,652.30, a decrease of 488.35% year-on-year, primarily due to foreign exchange translation differences from the appreciation of the Euro[17]