LHG(SH:600186)2014-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 1,465,641,708.54, down 11.41% year-on-year[7] - Net profit attributable to shareholders of the listed company was a loss of CNY 129,085,274.56, compared to a loss of CNY 173,965,722.74 in the same period last year[7] - Total operating revenue for Q3 2014 was ¥523,618,880.24, a slight increase from ¥514,667,176.34 in Q3 2013, representing a year-over-year growth of approximately 2.07%[28] - The net loss for Q3 2014 was ¥71,965,703.48, compared to a net loss of ¥75,236,770.25 in Q3 2013, showing an improvement of approximately 3.37%[30] - The company reported a total profit loss of ¥130,317,395.23 for the first nine months of 2014, compared to a loss of ¥181,106,131.59 in the same period of 2013, indicating a year-over-year improvement of approximately 28.06%[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,575,997,124.60, a decrease of 1.07% compared to the end of the previous year[7] - The company's total liabilities increased to CNY 2,152,393,076.58 from CNY 2,049,831,107.17, indicating a rise in financial obligations[22] - The total current liabilities increased to CNY 2,124,291,819.58 from CNY 2,021,677,927.10, indicating a rise in short-term financial obligations[22] - The total liabilities as of Q3 2014 amounted to ¥1,688,036,792.80, an increase from ¥1,643,278,593.57 in the previous period[26] - The company’s total assets as of Q3 2014 were ¥2,391,507,174.88, down from ¥2,416,073,265.43 in the previous period[26] Shareholder Information - The total number of shareholders at the end of the reporting period was 99,122[12] - The largest shareholder, Henan Agricultural Comprehensive Development Company, held 126,434,773 shares, representing 11.90% of the total[12] Cash Flow - The net cash flow from operating activities was negative CNY 17,308,182.53, a decline of 140.07% compared to the previous year[7] - The net cash flow from operating activities for the first nine months of 2014 was a negative ¥17,308,182.53, down from a positive ¥43,189,891.97 in the same period of 2013[38] - Cash inflow from investment activities totaled $24,813,150.00, with cash outflow of $5,270,078.57, resulting in a net cash flow of $19,543,071.43[42] - The net increase in cash and cash equivalents for the quarter was $9,492,801.76, compared to a decrease of -$2,056,394.41 in Q3 2013[43] - Cash and cash equivalents at the end of Q3 2014 stood at ¥30,936,577.86, compared to ¥17,758,523.02 at the end of Q3 2013, indicating an increase of approximately 74%[39] Earnings Per Share - Basic earnings per share for the period were negative CNY 0.1215, compared to negative CNY 0.1638 in the same period last year[9] - Basic earnings per share for Q3 2014 were -¥0.0632, slightly improved from -¥0.0682 in Q3 2013[30] - The basic and diluted earnings per share for Q3 2014 were both -¥0.0403, compared to -¥0.0444 in Q3 2013, indicating a slight improvement[34] Inventory and Receivables - Accounts receivable rose to CNY 502,798,850.16 from CNY 489,179,136.10, showing an increase in credit sales[20] - Inventory levels decreased to CNY 170,831,852.43 from CNY 211,664,333.58, indicating improved inventory management[20] Investment and Equity - The company's long-term equity investments decreased to CNY 97,230,340.68 from CNY 106,567,397.05, reflecting a reduction in long-term holdings[20] - The equity attributable to shareholders decreased significantly from CNY 583,787,384.41 at the beginning of the year to CNY 454,702,109.85 by the end of September 2014[22] - The company reported a net loss in retained earnings, with undistributed profits decreasing from CNY -880,615,065.28 to CNY -1,009,700,339.84[22]