ZHONGJIN GOLD(SH:600489)2015-10-29 16:00Financial Performance - Operating revenue rose by 39.22% to CNY 30,911,970,054.96 for the period from January to September[7] - Net profit attributable to shareholders decreased by 79.10% to CNY 82,165,123.34 compared to the same period last year[7] - Basic earnings per share dropped by 76.92% to CNY 0.03 from CNY 0.13[8] - Total profit decreased by 70.92% as a result of falling gold and copper prices[12] - Net profit for the third quarter was ¥58,451,480.59, down from ¥178,703,697.48 in the same quarter last year, reflecting a decline of approximately 67%[24] - The net profit attributable to the parent company for Q3 2015 was ¥30,453,837.03, down 72.5% from ¥109,780,657.04 in the same period last year[26] - The total comprehensive income attributable to the parent company for Q3 2015 was ¥30,453,837.03, compared to ¥109,780,657.04 in Q3 2014, reflecting a significant decline[26] Assets and Liabilities - Total assets increased by 26.68% to CNY 35,016,308,392.48 compared to the end of the previous year[7] - The company's total assets reached CNY 35,016,308,392.48, an increase from CNY 27,640,505,181.59 at the beginning of the year, representing a growth of approximately 27.3%[17] - Total current liabilities rose to CNY 14,220,362,252.46, compared to CNY 8,365,616,177.94 at the beginning of the year, marking an increase of around 69.5%[18] - The total liabilities of the company reached CNY 22,966,377,784.84, an increase from CNY 15,595,251,129.40, representing a growth of approximately 47.0%[19] - Current liabilities totaled ¥6,591,216,143.27, up from ¥3,054,534,148.39 at the start of the year, representing an increase of approximately 116%[22] Cash Flow - The company reported a net cash flow from operating activities of -CNY 96,147,140.31 for the first nine months[7] - Cash inflow from operating activities for the first nine months of 2015 totaled 30,314,743,947.24 RMB, compared to 21,452,188,236.59 RMB in the previous year, marking an increase of approximately 41.3%[35] - The total cash outflow for operating activities in the first nine months of 2015 was 30,741,033,765.70 RMB, compared to 21,797,640,028.53 RMB in the previous year, reflecting an increase of approximately 40.9%[35] - The company reported a financial expense of -¥1,226,817.06 in Q3 2015, compared to -¥5,691,566.13 in Q3 2014, indicating improved financial management[28] Shareholder Information - The total number of shareholders reached 243,016 by the end of the reporting period[9] - China National Gold Group Corporation holds 50.02% of the shares, making it the largest shareholder[9] Government Subsidies and Non-Recurring Items - The company received government subsidies amounting to CNY 15,957,002.95 during the first nine months[9] - Non-recurring gains and losses totaled CNY 4,771,796.15 for the reporting period[9] - The company received a government subsidy which contributed to a decrease in operating expenses[12] Inventory and Investments - Inventory increased by 58.79% due to expanded production scale in the smelting enterprise[11] - Long-term equity investments surged by 1749.07% from investments in China National Gold Group Financial Co., Ltd.[11] Future Plans and Management - The company is currently planning a rights issue, pending approval from the China Securities Regulatory Commission[13] - The company is actively discussing a management equity incentive plan, which is expected to be formally launched within 12 months, contingent on meeting legal and regulatory requirements[15] - The company has committed to continue supporting the development of its subsidiaries and will ensure compliance with asset ownership documentation processes[15] - The company committed to resolving industry competition issues with its controlling shareholder to protect minority shareholders' interests[14] Market Expansion and Product Development - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[23]