NBHX(002048)2015-10-28 16:00Financial Performance - Operating revenue for the reporting period was CNY 2,159,297,116.67, representing a 10.61% increase year-on-year[6] - Net profit attributable to shareholders decreased by 82.18% to CNY 24,733,850.66 compared to the same period last year[6] - The company expects a net profit attributable to shareholders for 2015 to range from 10,483.43 million to 26,208.57 million, representing a decrease of 50.00% to 80.00% compared to 2014's net profit of 52,417.13 million[18] - The net profit for the third quarter was CNY 76,186,522.89, a decrease of 60.2% compared to CNY 191,217,590.00 in the same period last year[36] - The operating profit for the third quarter was CNY 80,211,839.07, down 63.8% from CNY 221,833,444.54 in the previous year[36] - The net profit for Q3 2015 was CNY 365,502,479.68, down 38.6% from CNY 594,474,053.65 in Q3 2014[44] - The profit attributable to the parent company's shareholders was CNY 197,428,663.27, a decrease of 55.8% compared to CNY 446,503,408.36 in the previous year[44] - The total profit for Q3 2015 was CNY 506,831,046.30, down 28.0% from CNY 703,834,215.79 in the same period last year[44] Assets and Liabilities - Total assets increased by 15.32% to CNY 9,909,644,040.44 compared to the end of the previous year[6] - The company's total assets as of September 30, 2015, amounted to 9,909,644,040.44 yuan, an increase from 8,593,512,743.54 yuan at the beginning of the period[28] - The total liabilities increased to CNY 4,610,075,847.45 from CNY 3,739,800,568.78, representing a growth of 23.2%[30] - The total equity attributable to shareholders of the parent company rose to CNY 4,349,863,185.14, compared to CNY 4,294,955,579.64, marking an increase of 1.28%[30] Cash Flow - The net cash flow from operating activities increased by 196.51% to CNY 622,579,426.16 year-to-date[6] - The operating cash flow for Q3 2015 was CNY 622,579,426.16, an increase from CNY 209,969,539.73 in Q3 2014, showing a growth of about 196.5%[51] - The net cash flow from operating activities for the current period is CNY 55,998,503.79, a decrease of 24% compared to CNY 73,720,859.40 in the previous period[54] - Total cash inflow from operating activities is CNY 1,423,381,517.79, slightly up from CNY 1,414,052,143.65 year-on-year[54] - Cash outflow from investing activities amounts to CNY 535,018,173.84, an increase from CNY 360,040,937.16 in the previous period[55] - The net cash flow from investing activities is -CNY 111,999,031.34, worsening from -CNY 105,625,309.66 year-on-year[55] - Cash inflow from financing activities totals CNY 258,388,686.45, compared to CNY 130,000,000.00 in the previous period[55] - The net cash flow from financing activities is CNY 23,148,543.73, a significant improvement from -CNY 176,637,865.13 in the previous period[55] - The ending balance of cash and cash equivalents is CNY 453,226,069.21, up from CNY 275,826,329.52 year-on-year[55] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 33,053[10] - The top shareholder, Zhou Xiaofeng, holds 16.97% of the shares, totaling 89,936,799 shares[10] Management and Operational Challenges - Due to quality issues at German Huaxiang, the company has incurred significant losses, impacting overall performance, and expects that turning around the losses will not be achieved in the short term[15] - The company has implemented measures such as dismissing the original management team and appointing a new general manager from China to address the operational challenges at German Huaxiang[18] - Management expenses increased by 41.35% due to new project R&D investments[14] - The company reported a significant increase in management expenses, which rose to CNY 233,333,395.62 from CNY 161,162,211.96, marking an increase of 44.8%[36] Inventory and Receivables - Accounts receivable rose to 1,651,194,083.15 yuan from 1,411,099,443.07 yuan, indicating a growing credit exposure[27] - Inventory levels increased to 1,405,061,361.34 yuan from 1,227,366,434.90 yuan, reflecting potential challenges in inventory management[27] - Accounts receivable increased to CNY 242,551,888.69 from CNY 227,377,177.31, showing a growth of 6.5%[31] - Inventory levels rose significantly to CNY 836,000.00 from CNY 48,854.48, indicating a substantial increase[31] Other Financial Metrics - The weighted average return on net assets decreased to 1.03%, down by 2.44% compared to the previous year[6] - The total operating costs for Q3 2015 were CNY 2,103,867,005.83, up from CNY 1,762,036,983.41, reflecting a year-over-year increase of 19.43%[35] - The total operating costs for the third quarter were CNY 6,518,938,586.68, an increase from CNY 5,517,747,345.23, reflecting a rise of approximately 18.2%[43] - The total comprehensive income for the third quarter was CNY -453,740,167.24, compared to CNY 371,994,125.93 in the same period last year, indicating a substantial decline[37] - Basic and diluted earnings per share for the third quarter were both CNY 0.05, down from CNY 0.26 in the previous year[37] - The basic and diluted earnings per share for Q3 2015 were both CNY 0.37, down from CNY 0.84 in Q3 2014, reflecting a decline of 55.4%[45]