HZSY(SH:600191)2014-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 159.03% to CNY 36,668,074.64 for the first nine months compared to the same period last year[8]. - Operating revenue for the first nine months rose by 11.33% to CNY 155,908,780.06 compared to the previous year[8]. - The weighted average return on net assets increased by 1.33 percentage points to 2.18%[8]. - The net profit for Q3 2014 was CNY 9,204,625.73, compared to a net loss of CNY 10,442,910.67 in the same period last year, indicating a significant turnaround[35]. - The total profit for the period was CNY 9,204,625.73, contrasting with a total loss of CNY 10,442,910.67 in the previous year[35]. - The company achieved a profit attributable to the parent company of CNY 9,478,035.69, recovering from a loss of CNY 11,065,692.57 in the same period last year[35]. - Investment income for the year-to-date was CNY 109,833,560.21, up from CNY 81,981,027.39 in the previous year[35]. Assets and Liabilities - Total assets increased by 2.75% to CNY 2,355,334,281.46 compared to the end of the previous year[7]. - Total assets as of September 30, 2014, amounted to CNY 2,532,103,175.78, up from CNY 2,455,110,874.18 at the beginning of the year, representing a growth of 3.1%[28]. - Total liabilities increased to CNY 789,650,355.92 from CNY 746,695,515.94, marking a rise of 5.7%[29]. - Shareholders' equity rose to CNY 1,742,452,819.86 from CNY 1,708,415,358.24, an increase of 2.0%[29]. - Long-term borrowings increased to CNY 359,000,000.00 from CNY 293,000,000.00, reflecting a growth of 22.5%[29]. - Total current liabilities decreased to CNY 323,823,666.02 from CNY 345,692,826.04 at the beginning of the year, a reduction of 6.5%[29]. Cash Flow - The net cash flow from operating activities improved significantly, with a reduction in outflow from CNY -62,541,706.19 to CNY -23,115,711.58[7]. - Cash flow from operating activities showed a net outflow of CNY -23,115,711.58, an improvement from CNY -62,541,706.19 in the same period last year[37]. - Total cash inflow from operating activities was CNY 162,514,982.22, compared to CNY 144,203,383.32 in the previous year[37]. - Cash and cash equivalents increased to CNY 308,369,189.29 from CNY 237,910,929.58, a growth of 29.6%[28]. - Cash and cash equivalents at the end of the period increased to 308,369,189.29 RMB from 260,164,763.15 RMB year-over-year[41]. - Cash inflow from sales of goods and services was 125,214,401.79 RMB, down from 141,746,437.64 RMB year-over-year, indicating a decline in sales[41]. - The company received 124,500,000.00 RMB in borrowings during the period, up from 69,680,000.00 RMB in the previous year[41]. Inventory and Receivables - Accounts receivable increased by 227.13% to CNY 11,433,281.68 due to increased sales of white sugar[13]. - Inventory decreased by 52.20% to CNY 38,889,370.37 as a result of increased sales[13]. - Accounts receivable rose significantly to CNY 11,433,281.68 from CNY 3,495,016.44, marking an increase of 227.5%[26]. - Inventory decreased to CNY 38,889,370.37 from CNY 81,358,837.61, a reduction of 52.2%[26]. Government Support and Subsidies - The company received government subsidies amounting to CNY 10,823,287.16, which are closely related to its normal business operations[9]. - Operating income for the third quarter was CNY 10,823,287.16, primarily due to government subsidies[14]. Financial Management and Governance - The company committed to maintaining independent operations and financial management post-acquisition, ensuring no interference in business activities[19]. - The company will avoid future related party transactions to protect shareholder interests, adhering to fair market principles[19]. Accounting Changes - The implementation of new accounting standards resulted in a decrease of CNY 29,888,998.45 in long-term equity investments, with a corresponding increase in available-for-sale financial assets[20].