Financial Performance - Operating revenue for the first nine months rose by 28.72% to CNY 3,433,216,422.36 compared to the same period last year[6]. - Net profit attributable to shareholders decreased by 185.33% to a loss of CNY 54,052,824.34 compared to a profit of CNY 63,345,076.24 in the previous year[6]. - The weighted average return on net assets decreased by 3.18 percentage points to -1.4680%[6]. - Basic earnings per share fell by 185.32% to -CNY 0.0843 from CNY 0.0988 in the previous year[6]. - Net profit decreased by 183.71% to a loss of RMB 53,041,173.34, impacted by market conditions, declining product prices, and increased sales expenses[14]. - Total profit decreased by 164.98% to a loss of RMB 45,851,348.84, influenced by market conditions and increased sales expenses[14]. - Total operating revenue for Q3 2014 reached ¥1,287,149,165.33, a 31.1% increase compared to ¥980,925,232.19 in Q3 2013[33]. - Net profit for Q3 2014 was ¥8,801,759.69, compared to ¥5,340,730.93 in Q3 2013, marking a 64.5% increase[34]. - Total profit for the first nine months of 2014 was -¥45,851,348.84, a significant decline from ¥70,556,839.73 in the same period last year[34]. Cash Flow - The net cash flow from operating activities for the first nine months was a negative CNY 441,128,080.62, compared to a negative CNY 302,520,556.58 in the previous year[6]. - Cash flow from operating activities for the first nine months of 2014 was ¥2,665,997,295.45, compared to ¥1,886,930,022.02 in the previous year, indicating a 41.2% increase[38]. - Net cash flow from operating activities for Q3 2014 was -CNY 441,128,080.62, worsening from -CNY 302,520,556.58 in Q3 2013[39]. - Cash inflow from financing activities in Q3 2014 was CNY 1,394,404,187.55, compared to CNY 1,216,128,851.98 in Q3 2013, reflecting an increase of about 14.7%[40]. - Net cash flow from financing activities for Q3 2014 was CNY 457,866,930.85, a decrease from CNY 525,059,428.29 in Q3 2013[40]. Assets and Liabilities - Total assets increased by 7.10% to CNY 8,655,142,652.79 compared to the end of the previous year[6]. - Current liabilities rose to ¥2,628,225,079.18, compared to ¥1,933,583,379.35, marking an increase of about 36%[26]. - The company's total liabilities reached ¥5,005,568,084.40, up from ¥4,346,533,802.04, indicating a growth of approximately 15.1%[26]. - The total equity attributable to shareholders decreased to ¥3,633,635,359.98 from ¥3,719,648,497.92, a reduction of approximately 2.3%[26]. - The company reported a total non-current asset of ¥5,120,460,827.22, slightly down from ¥5,144,831,717.42, a decrease of about 0.5%[25]. Shareholder Information - The total number of shareholders reached 44,986 by the end of the reporting period[9]. - The largest shareholder, Tebian Electric Apparatus Stock Co., Ltd., holds 28.14% of the shares, totaling 180,434,922 shares[9]. Inventory and Receivables - Accounts receivable increased by 35.67% to RMB 925,892,882.72, primarily due to increased operating revenue[12]. - Other receivables increased by 2709.05% to RMB 76,495,314.09, mainly due to contract guarantee payments and increased logistics costs[12]. - The company’s inventory increased to 1,231,621,151.74 RMB from 1,184,638,132.53 RMB at the beginning of the year, indicating potential overstocking issues[24]. Operational Changes - The company has commenced production on one of the two planned high-purity aluminum production lines, with an annual capacity of 10,000 tons, while the second line is still under construction[17]. - The company recognized government subsidies totaling CNY 9,087,674.18 related to asset and revenue support during the first nine months[9]. - The company has adopted new accounting standards effective from January 26, 2014, which will not impact the total assets, liabilities, or net profit for the 2013 fiscal year and the interim report for the current year[19].

Financial Performance - The company achieved operating revenue of RMB 2.146 billion, an increase of 27.26% compared to the same period last year[22]. - The net profit attributable to shareholders was a loss of RMB 62.28 million, a decrease of 207.34% year-on-year[22]. - The basic earnings per share were -0.0971 yuan, down 207.29% from 0.0905 yuan in the same period last year[21]. - The weighted average return on net assets was -1.6884%, a decrease of 3.25 percentage points compared to the previous year[21]. - The company's net profit for the first half of 2014 was -CNY 61,842,933.03, a decline of 206.58% compared to a profit of CNY 58,023,299.35 in the previous year[34]. - The company achieved 71.53% of its annual revenue target of CNY 3 billion in the first half of 2014[37]. - The company reported a total comprehensive loss of CNY -61,833,957.03 for the first half of 2014, compared to a comprehensive income of CNY 57,828,071.35 in the same period last year[94]. Cost Management - Operating costs increased by 40.81% to CNY 1,997,174,915.32 from CNY 1,418,376,739.12, primarily due to increased product sales and trade business growth[33]. - The company focused on cost reduction through detailed management practices and targeted cost control measures[25]. - The company plans to control operating costs within CNY 2.7 billion for the full year, with actual costs in the first half being CNY 1.997 billion, or 73.96% of the target[37]. Asset Management - Total assets increased by 5.96% to RMB 8.563 billion compared to the end of the previous year[22]. - Cash and cash equivalents at the end of the period increased by 110.25% to CNY 806,773,491.48 from CNY 383,715,850.23[35]. - Short-term borrowings rose by 50.42% to CNY 888,970,500.00 from CNY 590,993,000.00, primarily due to new borrowings[31]. - The company's total current assets reached CNY 3,455,495,570.42, up from CNY 2,936,278,139.95, indicating an increase of about 17.74%[86]. - The total liabilities increased to CNY 4,921,820,422.27 from CNY 4,346,533,802.04, marking an increase of around 13.19%[88]. Revenue Breakdown - The company's revenue from electronic new materials reached ¥889.09 million, with a year-on-year increase of 19.37%[39]. - Alloy products generated revenue of ¥587.51 million, reflecting a significant year-on-year increase of 43.06%[39]. - The company's revenue from trade business surged to ¥444.25 million, marking an impressive year-on-year increase of 683.56%[39]. - Domestic revenue amounted to ¥1.91 billion, representing a year-on-year increase of 28.84%[42]. Investment and Financing - The total amount of raised funds was ¥1.15 billion, with ¥4.95 million utilized in the reporting period[50]. - The company has slowed down its investment projects due to economic conditions and market changes, impacting the expected returns from these projects[51]. - The company has invested 50,279,580 RMB in a project to expand its production capacity for high-purity aluminum, which has reached 100% completion[55]. Shareholder Information - The total number of shareholders at the end of the reporting period was 50,958[74]. - The largest shareholder, TBEA Co., Ltd., holds 28.14% of the shares, totaling 180,434,922 shares[75]. - The total number of shares outstanding is 641,225,872[71]. Compliance and Governance - No penalties or administrative actions were taken against the company or its major shareholders during the reporting period[67]. - The company has not engaged in any competitive business activities as per the commitments made by its major shareholders[66]. Accounting Policies - The company adheres to the Chinese accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status[127]. - The financial report is prepared based on the principle of going concern, indicating the company's ongoing operational viability[126]. - Revenue from the sale of goods is recognized when the risks and rewards of ownership have transferred to the buyer, and the related economic benefits are likely to flow to the company[197].

Financial Performance - Operating revenue increased by 22.50% to CNY 917,635,049.84 compared to the same period last year[12] - Net profit attributable to shareholders decreased by 167.82% to a loss of CNY 30,831,004.62 compared to the same period last year[12] - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 224.49% to a loss of CNY 37,580,630.14 compared to the same period last year[12] - Basic earnings per share decreased by 167.84% to a loss of CNY 0.0481 per share[12] - Net profit decreased by 168.10% to -¥30,950,415.17 from ¥45,450,362.65, impacted by falling product prices and increased sales expenses[16] - Basic earnings per share dropped by 167.84% to -¥0.0481 from ¥0.0709, reflecting market pressures and increased costs[17] - Total profit decreased by 157.00% to -¥30,280,408.39 from ¥53,126,321.06, influenced by market conditions and cost increases[16] - Total comprehensive income for the current period was -¥30,963,879.17, compared to ¥154,339,525.81 in the previous period[30] Assets and Liabilities - Total assets decreased by 1.44% to CNY 7,965,037,487.91 compared to the end of the previous year[12] - Current assets decreased from CNY 2,936,278,139.95 to CNY 2,835,560,093.41, representing a reduction of about 3.43%[22] - Cash and cash equivalents decreased by 59.57% to ¥226,218,620.97 from ¥559,536,012.92 due to the purchase of bulk raw materials[16] - Accounts receivable increased by 44.85% to ¥485,299,095.86 from ¥335,033,113.50, attributed to increased sales revenue from a subsidiary[16] - Inventory decreased from CNY 1,184,638,132.53 to CNY 1,056,363,633.49, a decline of approximately 10.8%[22] - Total liabilities decreased from CNY 4,346,533,802.04 to CNY 4,261,425,311.75, a reduction of about 1.96%[23] - Current liabilities decreased from CNY 1,933,583,379.35 to CNY 1,849,977,521.37, representing a decline of approximately 4.3%[22] - Shareholders' equity decreased from CNY 3,734,576,055.33 to CNY 3,703,612,176.16, a decline of about 0.83%[23] Cash Flow - The net cash flow from operating activities was a negative CNY 253,899,115.12, compared to a negative CNY 171,345,642.41 in the same period last year[12] - Cash flow from operating activities showed a net outflow of -¥253,899,115.12, worsening from -¥171,345,642.41 due to bulk raw material purchases[17] - Cash received from sales of goods and services was $526,451,784.51, an increase from $401,497,294.95, reflecting a 31.1% growth[40] - Total cash outflow for operating activities reached $818,335,563.09, up from $607,887,978.43, indicating a 34.5% increase[40] - Cash inflow from financing activities was $292,695,216.89, down from $475,713,307.23, a decrease of 38.4%[41] - Net cash flow from financing activities was -$70,359,946.17, compared to a positive $260,836,394.02 in the previous period[41] Shareholder Information - The total number of shareholders was 49,806 at the end of the reporting period[15] - The largest shareholder, TBEA Co., Ltd., holds 28.14% of the shares[15] Government Subsidies - Government subsidies recognized in the current period totaled CNY 5,210,411.32, including CNY 5,069,256.32 related to asset subsidies[14] Project Development - The company is currently constructing an electronic materials recycling project, with cumulative investment of ¥113,207.49 million from a total of ¥115,134.84 million raised[17]

Financial Performance - In 2013, the company achieved operating revenue of CNY 3,721,659,589.18, representing a 65.42% increase compared to CNY 2,249,797,988.23 in 2012[29]. - The net profit attributable to shareholders of the listed company for 2013 was CNY 87,043,068.40, a decrease of 43.56% from CNY 154,230,844.34 in 2012[29]. - Total assets at the end of 2013 amounted to CNY 8,081,109,857.37, an increase of 11.52% from CNY 7,246,354,295.75 in 2012[29]. - The company reported a significant increase in alloy product sales revenue, which reached CNY 107,380.70 million, a year-on-year growth of 532.62%[45]. - The company faced a 43.58% decline in basic earnings per share, which was CNY 0.1357 per share in 2013[30]. - The weighted average return on equity decreased to 2.35%, down from 4.26% in the previous year[30]. - The company achieved actual operating revenue of 3.72 billion RMB in 2013, exceeding the target by 24%, while operating profit was 35.35 million RMB, falling short of expectations due to competitive pressures and increased costs[55]. - Total operating revenue for 2013 reached CNY 3,721,659,589.18, a significant increase of 65.5% compared to CNY 2,249,797,988.23 in the previous year[187]. - Net profit for 2013 was CNY 87,065,168.34, a decrease of 43.5% from CNY 154,236,301.81 in the prior year[188]. Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY 187,765,392.31, which is a significant increase of 148.56% compared to CNY 75,539,860.68 in 2012[29]. - The cash inflow from operating activities totaled CNY 3,160,332,707.84, a significant increase of 75.7% compared to CNY 1,799,358,795.59 in the previous period[192]. - The cash outflow for investing activities was CNY 405,169,526.88, a decrease of 65.5% from CNY 1,175,908,860.37 in the previous period[195]. - The net cash flow from investing activities was -CNY 403,574,417.28, an improvement from -CNY 1,173,018,427.63[195]. - The cash inflow from financing activities was CNY 1,244,614,263.36, compared to CNY 292,444,316.66 in the previous period, marking a substantial increase[195]. - The total cash and cash equivalents at the end of the period amounted to CNY 557,775,518.66, up from CNY 509,398,986.75[195]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 0.5 per 10 shares, totaling CNY 32,061,293.60, with the remaining undistributed profit carried forward to the next year[6]. - The company emphasizes a stable profit distribution policy, ensuring continuous and reasonable returns to shareholders[90]. - The company is revising its profit distribution policy to align with regulatory requirements and enhance shareholder value[90]. - The total distributable profit available for shareholders at the end of 2013 was 959,954,603.57 RMB after accounting for previous undistributed profits and dividends paid[95]. - The company’s cash dividend policy stipulates that at least 30% of the average distributable profit over three years should be distributed in cash[92]. Research and Development - Research and development expenses increased by 56.11% to CNY 31,836.03 million, reflecting the company's commitment to innovation[40]. - The company launched 11 new products and developed 84 new customers, contributing nearly CNY 700 million in additional revenue[37]. - The company plans to increase R&D investment to develop high value-added new products and improve production efficiency[87]. Operational Changes and Strategy - The company has transitioned from a traditional aluminum smelting enterprise to a new materials company, focusing on high-purity aluminum and electronic aluminum foil[24]. - The company plans to focus on expanding its electronic new materials industry chain and logistics business, leveraging its resource advantages in Xinjiang[55]. - The company aims to achieve a revenue of 3 billion CNY in 2014, with a target to control operating costs within 2.7 billion CNY[83]. - The company is committed to reducing production costs by optimizing raw material usage and improving waste recycling processes[84]. Governance and Management - The company has maintained its accounting firm, Zhongshang Huayin Wuzhou Accounting Firm, for 17 years, with an audit fee of CNY 35 million[112]. - The company is in the process of electing a new chairman following the resignation of Li Jianhua on August 19, 2013[140]. - The total remuneration for the board members during the reporting period amounted to 333.1 million yuan before tax, with a net amount of 298.2 million yuan[138]. - The company has a diverse board with members holding various positions in other organizations, enhancing its governance and strategic direction[139]. Employee and Training Information - The total number of employees in the parent company is 4,015, while the total number of employees in major subsidiaries is 3,988, resulting in a combined total of 7,003 employees[148]. - In 2013, the company conducted a total of 847 training sessions, with 19,040 participants and a total of 2,393.5 training hours[151]. - The company has implemented a comprehensive salary system, ensuring equal pay for equal work and a performance-based compensation structure[150].