ICW(SH:600187)2014-10-29 16:00Financial Performance - Operating revenue for the first nine months was ¥425,826,788.82, representing a growth of 39.63% year-on-year[8] - Net profit attributable to shareholders of the listed company for the first nine months was ¥57,479,684.81, an increase of 28.52% compared to the same period last year[8] - Basic earnings per share for the reporting period was ¥0.0519, up 17.16% from ¥0.0443 in the previous year[8] - The company reported a net profit of ¥75,521,025.52 for the first nine months, which is an increase of 42.36% year-on-year[8] - Total operating revenue for Q3 2014 reached ¥160,962,022.95, an increase of 16.0% compared to ¥138,416,043.74 in Q3 2013[53] - Net profit for Q3 2014 was ¥25,276,000.97, a 4.7% increase from ¥24,148,280.23 in Q3 2013[55] - The company reported an investment income of ¥706,210.94, compared to a loss of ¥5,163,497.92 in the previous year[55] - The investment income for the first nine months was CNY 373,857.85, a recovery from a loss of CNY 4,955,133.83 in the same period last year[59] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,719,084,644.54, an increase of 4.71% compared to the end of the previous year[8] - As of September 30, 2014, total assets amounted to CNY 3,719,084,644.54, an increase from CNY 3,551,912,232.26 at the beginning of the year, reflecting a growth of approximately 4.7%[44][46] - Total liabilities increased to CNY 971,241,938.13 from CNY 889,227,914.03, which is an increase of about 9.2%[46] - The current liabilities totaled CNY 462,775,494.09, an increase from CNY 340,107,919.73, reflecting a rise of about 36.1%[46] - Total liabilities rose to ¥579,845,128.04, an increase of 41.5% from ¥409,551,805.34 in the previous year[50] Cash Flow - Cash flow from operating activities showed a net outflow of ¥35,585,425.15, a significant decrease of 308.99% compared to the previous year[8] - Cash received from sales of goods and services was 366.56 million RMB, an increase of 109.16 million RMB or 42.41% compared to the previous year, due to improved accounts receivable management[30] - Cash paid for purchasing goods and services was 175.93 million RMB, up 50.66 million RMB or 40.44% year-on-year, mainly due to the addition of Tian Di Ren's expenses[31] - Cash received from investment recoveries was 1,230.34 million RMB, primarily from redeeming financial products[32] - Cash paid for acquiring fixed assets was 227.31 million RMB, an increase of 75.45 million RMB or 49.68% year-on-year, due to significant project payments[34] - The company reported cash inflow from investment activities of CNY 1,232,295,692.21, while cash outflow for investment activities was CNY 1,321,227,517.46, resulting in a net cash outflow of CNY 88,931,825.25[67] - The cash and cash equivalents at the end of the reporting period were CNY 175,557,662.91, a decrease from CNY 812,625,247.90 at the end of the previous year[67] Shareholder Information - The total number of shareholders at the end of the reporting period was 42,230[13] - The largest shareholder, Guozhong (Tianjin) Water Co., Ltd., held 227,312,500 shares, accounting for 15.62% of total shares[13] Expenses - Operating costs rose by 38.63% to CNY 215.82 million, driven by the inclusion of costs from newly acquired subsidiaries[26] - Sales expenses for the first nine months of 2014 amounted to 27.28 million RMB, an increase of 1.17 million RMB or 75.24% compared to the same period last year, primarily due to the addition of Tian Di Ren's sales expenses and intense industry competition[27] - Management expenses for the first nine months of 2014 were 85.61 million RMB, up 3.01 million RMB or 54.26% year-on-year, mainly due to the addition of Tian Di Ren's management expenses and increased operational costs from the commencement of operations at Dongying Sewage[28] Future Plans - The company plans to issue up to 274 million shares through a private placement, pending approval from the China Securities Regulatory Commission[36] - The company plans to focus on market expansion and new product development in the upcoming quarters[52]