CCS(SH:600180)2014-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 5,262,651,737.66, a growth of 39.22% year-on-year[7] - Net profit attributable to shareholders decreased by 31.60% to CNY 129,787,619.91 compared to the previous year[7] - Basic and diluted earnings per share increased by 11.54% to CNY 0.29[8] - The company's net profit for the year is projected to be CNY 489,054,700, with previous years' net profits being CNY 314,150,700, CNY 377,067,000, and CNY 443,691,500 respectively[20] - Net profit for Q3 2014 was CNY 117,885,158.23, compared to CNY 131,884,347.45 in Q3 2013, indicating a decrease of 10.6%[35] - Net profit for the first nine months was CNY 616,966,220.03, compared to a net loss of CNY 7,846,738.01 in the previous year, indicating a turnaround in profitability[38] Cash Flow - Net cash flow from operating activities improved significantly, with a net amount of CNY 690,605,843.64, a 169.19% increase compared to the same period last year[7] - The company's cash flow from operating activities turned positive after a negative cash flow of CNY 998,081,082.09 in the same period last year[7] - Cash flow from operating activities generated a net inflow of CNY 690,605,843.64, a substantial improvement from a net outflow of CNY 998,081,082.09 in the same period last year[42] - Total cash inflow from operating activities was CNY 8,971,568,725.30, compared to CNY 3,550,057,796.60 in the previous year, marking an increase of approximately 153%[41] - The company reported a significant increase in cash received from other operating activities, totaling CNY 2,162,408,328.30, compared to CNY 59,319,898.77 in the previous year[41] - Financing activities generated a net cash inflow of CNY 303,831,263.28, compared to CNY 743,754,930.32 in the previous year, indicating a decrease in financing activity[43] Assets and Liabilities - Total assets increased by 7.16% to CNY 7,104,563,642.36 compared to the end of the previous year[7] - The company’s net assets attributable to shareholders increased by 17.59% to CNY 2,053,360,495.42 compared to the end of the previous year[7] - The company's total equity increased to CNY 2,053,528,646.38 from CNY 1,746,384,831.36, reflecting a growth of approximately 17.6%[25] - The total current liabilities decreased to CNY 4,203,047,366.35 from CNY 4,863,209,116.48, indicating a reduction of about 13.5%[25] - Total assets amounted to CNY 3,639,089,778.72, an increase from CNY 3,022,756,909.63 year-over-year[29] - Total liabilities were CNY 3,504,282.12, compared to CNY 57,334,583.29 in the previous year, showing a significant reduction[29] Operating Expenses - Operating costs increased by 41.07%, totaling ¥4,581,065,864.80, up from ¥3,247,277,259.49 in the previous year[15] - Sales expenses rose significantly by 65.19%, amounting to ¥393,806,764.55, compared to ¥238,399,368.96 last year[15] - Management expenses increased by 64.37%, reaching ¥92,804,919.58, up from ¥56,461,098.94 in the previous year[15] - Financial expenses surged by 13,149.61%, totaling ¥118,969,490.67, compared to only ¥897,909.22 last year[15] - The company incurred total operating expenses of CNY 8,280,962,881.66, which is an increase from CNY 4,548,138,878.69 in the previous year[42] Investments and Growth Plans - The company has implemented a stock option incentive plan, granting a total of 1,700,000 stock options to 12 incentive targets[18] - The company plans to expand its market presence and invest in new product development to drive future growth[33] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[38] - The company has reported a significant increase in user data, indicating a growing customer base and potential for future revenue growth[33] Inventory and Receivables - The company's inventory rose significantly to CNY 641,977,554.72 from CNY 239,933,290.73, marking an increase of about 168.5%[23] - The company's accounts receivable decreased to CNY 662,987,907.54 from CNY 911,052,593.13, a decline of approximately 27.3%[23] Other Financial Metrics - The weighted average return on net assets decreased by 3.55 percentage points to 13.26%[8] - The company reported a total of CNY 49,750,908.55 in non-recurring gains and losses for the year-to-date[11] - The company has committed to maintaining its independence and avoiding competition with its controlling shareholder, Zhengzhou Ruimaotong, as per agreements made in December 2011[20] - The company has successfully completed the asset injection commitments made in 2011, 2012, and 2013[20] - The company's long-term equity investments increased to CNY 885,156,047.69 from CNY 385,594,642.64, showing a growth of approximately 129.5%[24]