CJS(SH:600176)2014-10-26 16:00Financial Performance - Net profit attributable to shareholders increased by 69.14% year-on-year, amounting to CNY 288.14 million[12] - Operating revenue for the first nine months was CNY 4.42 billion, reflecting a growth of 13.00% compared to the same period last year[12] - Operating profit for Q3 2014 was ¥188,425,259.49, compared to ¥75,907,770.83 in Q3 2013, indicating a significant increase of 148.1%[35] - Net profit for the first nine months of 2014 was ¥396,977,608.83, compared to ¥267,225,876.81 for the same period in 2013, representing a year-over-year growth of 48.5%[35] - The net profit attributable to the parent company for Q3 2014 was ¥156,986,523.13, compared to ¥89,000,796.65 in the same period last year, representing an increase of 76.5%[36] - The total comprehensive income for Q3 2014 was ¥157,538,997.74, compared to ¥95,526,120.40 in Q3 2013, indicating an increase of 64.8%[36] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 19.64 billion, an increase of 2.15% compared to the end of the previous year[12] - The total assets of China Fiberglass as of September 30, 2014, amounted to CNY 19,644,082,877.12, an increase from CNY 19,230,011,225.23 at the beginning of the year[25] - Total liabilities were ¥15,682,761,630.96 as of September 30, 2014, slightly up from ¥15,441,724,468.10 at the beginning of the year, reflecting a growth of 1.6%[28] - The company's current liabilities increased, with short-term borrowings rising to CNY 6,867,143,723.62 from CNY 5,849,998,644.00[27] - Long-term borrowings decreased by 36.92% to CNY 2.95 billion[19] - The long-term borrowings were reclassified, leading to an increase in current liabilities due to the rise in long-term loans maturing within one year[22] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 607.67 million, up 12.71% year-on-year[12] - The operating cash flow for the first nine months of 2014 was ¥3,250,756,818.28, slightly down from ¥3,283,377,796.57 in the same period last year[40] - The net cash flow from operating activities for the first nine months of 2014 was ¥607,672,847.11, compared to ¥539,164,835.05 in the previous year, showing an increase of 12.7%[41] - The company experienced a net cash outflow from investing activities of ¥871,236,018.79 for the first nine months of 2014, compared to a net outflow of ¥942,386,840.64 in the same period last year, indicating a slight improvement[41] - The cash flow from financing activities showed a net outflow of ¥-393,256,284.05, compared to a net outflow of ¥-213,901,844.56 in the previous year, indicating a worsening financial position in this area[45] Expenses and Income - Operating expenses decreased by 41.78% to CNY 34.56 million compared to the previous year[19] - The company reported a significant increase in sales expenses, which rose to ¥53,573,992.46 in Q3 2014 from ¥39,766,919.23 in Q3 2013, marking a year-over-year increase of 34.8%[35] - The total operating costs for Q3 2014 were ¥1,393,872,778.14, up from ¥1,262,021,315.53 in the same period last year, reflecting a year-over-year increase of 10.5%[35] - The company reported an increase in asset impairment losses due to a rise in receivables, resulting in higher bad debt provisions[22] - Investment income decreased as there were no gains from precious metal futures trading during the reporting period[22] Shareholder Information - The number of shareholders reached 30,465 by the end of the reporting period[16] - Shareholders' equity totaled ¥3,961,321,246.16, an increase from ¥3,788,286,757.13 at the start of the year, indicating a growth of 4.6%[28] - Basic earnings per share for Q3 2014 were ¥0.1799, up from ¥0.1020 in Q3 2013, reflecting a growth of 76.5%[36] Inventory and Receivables - The accounts receivable rose to CNY 1,917,764,290.52, up from CNY 1,478,374,961.69, indicating a significant increase in sales or credit terms[26] - The inventory decreased to CNY 1,246,019,021.88 from CNY 1,627,035,554.31, reflecting improved inventory management[26]