ZHONGJIN GOLD(SH:600489)2014-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 42.90% to CNY 393,069,593.41 for the first nine months of the year[8] - Revenue for the first nine months decreased by 2.91% to CNY 22,203,416,351.75 compared to the same period last year[8] - Basic and diluted earnings per share fell by 43.48% to CNY 0.13[10] - Total profit decreased by 35.81% due to a decline in gold sales prices[16] - Total operating revenue for the period (July-September) was CNY 6,274,074,764.80, a decrease of 16.8% compared to CNY 7,540,663,971.42 in the same period last year[32] - Total operating costs for the same period were CNY 6,013,664,639.83, down 17.8% from CNY 7,318,731,295.10 year-on-year[32] - Net profit for the period reached CNY 178,703,697.48, representing an increase of 15.5% from CNY 155,100,071.79 in the previous year[34] - The company reported a total profit of CNY 268,822,152.84 for the period, up 14.6% from CNY 234,554,569.01 year-on-year[34] Assets and Liabilities - Total assets increased by 15.81% to CNY 27,125,848,691.81 compared to the end of the previous year[8] - The total liabilities of the company amounted to CNY 14.74 billion, compared to CNY 11.65 billion at the beginning of the year, representing an increase of around 26.4%[27] - The company's current assets totaled CNY 7.80 billion, up from CNY 6.51 billion at the start of the year, indicating a growth of about 19.7%[26] - The company’s total non-current assets reached CNY 19.33 billion, up from CNY 16.92 billion, reflecting an increase of about 14.2%[26] - Cash and cash equivalents increased by 34.60% due to an increase in external borrowings[16] - Cash and cash equivalents increased to CNY 2.05 billion from CNY 1.53 billion, marking a growth of approximately 34.4%[26] - Inventory levels rose to CNY 3.50 billion from CNY 3.36 billion, indicating an increase of about 4.2%[26] Cash Flow - Operating cash flow increased by 86.57% to CNY 686,214,336.28 year-on-year[8] - Cash flow from operating activities generated a net amount of CNY 686,214,336.28, an increase from CNY 367,813,056.05 in the previous year[40] - Net cash flow from operating activities was negative CNY 345.45 million, an improvement from negative CNY 796.61 million year-over-year[43] - Cash inflow from financing activities totaled CNY 6.69 billion, compared to CNY 4.08 billion in the previous year, marking an increase of approximately 64.3%[41] - Cash outflow for investment activities was CNY 2.57 billion, significantly higher than CNY 1.81 billion in the same period last year[41] - Total cash outflow for financing activities was CNY 4.28 billion, compared to CNY 2.98 billion in the same period last year, reflecting an increase of approximately 43.4%[41] - The company reported a net cash increase of CNY 532.88 million for the quarter, contrasting with a decrease of CNY 333.14 million in the same quarter last year[41] Shareholder Information - The total number of shareholders reached 307,790 by the end of the reporting period[13] - The largest shareholder, China National Gold Group Corporation, holds 50.01% of the shares[13] - The company plans to initiate a management equity incentive plan within 12 months, pending compliance with legal and regulatory requirements[18] - The company is actively discussing solutions to resolve competition issues with its controlling shareholder, aiming to protect the interests of all shareholders[17] Investments and Developments - The company has not disclosed any new product developments or market expansion strategies in this report[8] - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[34] - Construction in progress increased by 77.40% due to higher investments in infrastructure and technological upgrades[16] - Long-term borrowings increased by 101.95% as a result of additional bank loans[16] - Financial expenses increased by 71.25% as bank loans rose compared to the same period last year[16] - Investment income for the period was CNY 118,874,744.80, compared to a loss of CNY 3,105,066.97 in the same period last year[36]