Shanghai Belling(SH:600171)2014-10-24 16:00Financial Performance - Operating revenue for the first nine months was CNY 343,156,643, representing an 18.95% decrease year-on-year[5]. - Net profit attributable to shareholders for the first nine months was CNY 32,075,447, an increase of 76.61% compared to the same period last year[5]. - Basic earnings per share for the reporting period was CNY 0.048, up 76.61% from CNY 0.027 in the same period last year[6]. - Total operating revenue for Q3 2014 was ¥123,723,274.19, a decrease of 13.5% compared to ¥143,080,328.99 in Q3 2013[22]. - The company reported a net profit of ¥20,896,698.25 for Q3 2014, compared to a profit of ¥1,716,167.65 in Q3 2013, indicating a significant improvement[22]. - Total revenue for Q3 2014 was CNY 96,658,235.23, an increase of 7.5% compared to CNY 89,609,022.26 in the same period last year[26]. - Net profit for Q3 2014 reached CNY 2,632,699.64, a significant recovery from a net loss of CNY 4,573,637.08 in Q3 2013[27]. - The company reported a total comprehensive income of CNY -29,192,146.28 for Q3 2014, compared to a loss of CNY -4,573,637.08 in the same quarter last year[27]. Cash Flow and Investments - Net cash flow from operating activities was negative CNY 19,202,033, a decline of 433.22% compared to the previous year[5]. - Cash received from investment increased by 82.33% to ¥418,526,801.27 due to the maturity of financial products[11]. - Cash paid for investments rose by 173.46% to ¥620,750,000.00 reflecting increased purchases of financial products[11]. - Investment activities resulted in a net cash outflow of CNY -181,425,177.16 for the first nine months of 2014, compared to CNY -51,000,157.22 in the same period last year[30]. - Total cash inflow from investment activities was ¥470,184,295.08, compared to ¥182,093,584.47 in the same period last year[32]. - Net cash flow from investment activities was -¥129,276,559.83, worsening from -¥53,296,833.68 year-over-year[32]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,035,940,820, a decrease of 3.34% compared to the end of the previous year[5]. - Current assets totaled ¥710,359,673.47, a decrease from ¥745,718,925.40 at the beginning of the year, representing a decline of 4.1%[19]. - Total liabilities decreased to ¥255,168,718.38 from ¥315,034,828.50, marking a reduction of 19%[20]. - The company's total equity was reported at ¥1,780,772,101.60, slightly down from ¥1,791,267,225.93 at the beginning of the year[18]. - Cash and cash equivalents decreased to ¥205,717,575.82 from ¥301,024,925.27, a decline of 31.7%[19]. - Cash and cash equivalents at the end of the period stood at ¥195,817,575.82, down from ¥304,383,985.41 a year earlier[32]. Shareholder Information - The total number of shareholders at the end of the reporting period was 58,567[9]. - The largest shareholder, China Electronics Corporation, held 178,200,000 shares, accounting for 26.45% of total shares[8]. Government Support and Subsidies - Government subsidies recognized during the reporting period amounted to CNY 30,452,623, reflecting the company's alignment with national policies[7]. Operational Costs - Total operating costs for Q3 2014 were ¥126,264,155.62, down from ¥144,498,162.73 in the same period last year, reflecting a 12.6% reduction[22]. - Total operating costs decreased to CNY 71,200,645.52 in Q3 2014 from CNY 77,776,266.64 in Q3 2013, reflecting a cost reduction strategy[26]. - The company’s sales expenses increased to CNY 4,987,636.88 in Q3 2014 from CNY 2,650,313.67 in Q3 2013, indicating increased marketing efforts[26]. Other Financial Metrics - The weighted average return on net assets increased to 1.82%, up from 1.04% in the previous year[6]. - The company’s investment income for Q3 2014 was ¥15,244,524.10, significantly higher than ¥1,720,421.49 in Q3 2013, showing an increase of 785%[22]. - The company’s total assets impairment loss for the first nine months of 2014 was CNY -692,894.42, compared to CNY -125,122.90 in the previous year[26].