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For the nine months ended 31 March 2016, Hongli Clean Energy Technologies Corp revenues decreased 56% to $16.3M. Net loss totaled $98.4M vs. income of $4.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Change in fair value of warrants decrease of 47% to $2.8M (income), Interest income decrease from $165K (income) to $0K.
Period Ending: | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 |
---|---|---|---|---|
Total Revenue | 4.52 | 11.81 | 6.44 | 8.5 |
Gross Profit | 2.99 | 4.29 | 2.1 | 3.66 |
Operating Income | -51.91 | -45.76 | 0.92 | -8.07 |
Net Income | -51.96 | -46.47 | 1.71 | -7.88 |
Period Ending: | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 |
---|---|---|---|---|
Total Assets | 28.06 | 126.5 | 182.62 | 193.64 |
Total Liabilities | 2.2 | 49.61 | 55.44 | 62.76 |
Total Equity | 25.86 | 76.89 | 127.17 | 130.88 |
Period Ending: | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | 6.65 | 6.78 | 4.26 | 0.53 |
Cash From Investing Activities | -4.53 | -4.59 | -4.64 | -8.15 |
Cash From Financing Activities | -2.09 | -2.17 | 0.11 | 7.51 |
Net Change in Cash | -0.01 | -0.03 | 0.06 | -0.11 |
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