TCKG(SH:600112)2014-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 321,343,692.41, a decline of 35.95% year-on-year[7] - Net profit attributable to shareholders was CNY -34,960,137.14, compared to a profit of CNY 5,298,440.09 in the same period last year[8] - Basic and diluted earnings per share decreased by 26.70% to CNY 0.0453[8] - The weighted average return on net assets decreased by 0.7129 percentage points to 1.9215%[8] - The company's operating revenue for Q3 2014 was CNY 321,343,692.41, a decrease of 35.95% compared to the previous period's CNY 501,736,567.22, primarily due to asset disposals[18] - Total operating revenue for Q3 2014 was ¥107,260,825.33, a decrease of 6.5% compared to ¥114,380,831.73 in Q3 2013[35] - Net profit for Q3 2014 was a loss of ¥5,477,907.73, compared to a profit of ¥3,824,276.33 in Q3 2013[36] - The company’s total operating expenses for Q3 2014 were CNY 555,314,289.66, compared to CNY 515,713,262.69 in Q3 2013, indicating an increase of approximately 7.7%[44] Assets and Liabilities - Total assets decreased by 15.97% to CNY 2,575,149,674.73 compared to the end of the previous year[6] - As of September 30, 2014, the company's total assets amounted to RMB 2,575,149,674.73, a decrease from RMB 3,064,386,942.07 at the beginning of the year[25] - The company's current assets totaled RMB 1,275,285,758.67, down from RMB 1,791,312,339.68 at the start of the year, indicating a decline of approximately 29%[25] - The total liabilities of the company were RMB 1,362,002,516.32, down from RMB 1,878,376,224.30, reflecting a reduction of approximately 27%[27] - The company's total liabilities decreased significantly, with current liabilities dropping by 50.44% in accounts payable to CNY 147,863,868.62 from CNY 298,370,207.13[17] Cash Flow - Cash flow from operating activities for the first nine months was CNY -34,809,952.62, compared to CNY -22,834,699.89 in the same period last year[7] - The company reported a net cash flow of CNY -36,475.64 from the disposal of non-current assets[10] - Cash and cash equivalents decreased by 56.52% to CNY 221,392,562.92 from CNY 509,162,288.46, mainly due to asset disposals and repayment of bank loans[16] - The company’s financing activities generated a net cash outflow of CNY -178,134,351.07 in Q3 2014, compared to a net inflow of CNY 291,649,892.89 in Q3 2013[45] - Cash flow from investment activities showed a net outflow of -$47.58 million, compared to a net inflow of $60.89 million in the previous quarter[48] Shareholder Information - The total number of shareholders at the end of the reporting period was 21,820[13] - The largest shareholder, Yinhai Tiancheng Group Co., Ltd., holds 20.31% of the shares[13] - The company's equity attributable to shareholders increased to RMB 1,213,147,158.41 from RMB 1,186,010,717.77, showing a growth of about 2.3%[27] Investments and Future Plans - The company signed a strategic cooperation framework with Hebei Baoding City for the construction of a digital service platform, marking a successful expansion of its digital platform business[20] - The company has plans for future asset transfers and potential market expansions, contingent on favorable conditions[23] - The company committed to ensuring that the net profits of Hong Kong Great Wall Mining for 2014, 2015, and 2016 would not be less than RMB 149.67 million, RMB 280.43 million, and RMB 514.30 million respectively[23] Other Financial Metrics - The income tax expense increased by 153.64% to CNY 2,250,902.66 from CNY 887,445.05, reflecting higher taxable income during the period[18] - The company's long-term equity investments increased by 569.91% to CNY 579,487,685.63 from CNY 86,502,824.26, attributed to asset disposals[16] - The company reported an increase in investment income to CNY 58,201,786.43 from CNY 3,777,800.45, a significant rise attributed to asset disposals[18]