FLDT(SH:600228)2014-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 527,401,415.48, down 1.26% from the same period last year[7] - The net profit attributable to shareholders of the listed company for the first nine months was CNY -32,910,774.77, an improvement of 40.23% compared to the previous year[7] - Basic and diluted earnings per share were both CNY -0.136, a 40.35% improvement from CNY -0.228 in the previous year[8] - The net loss for the period increased to CNY 9,307,889.50, compared to a loss of CNY 8,423,714.66 in the same period last year[31] - The total profit for the first nine months of 2014 was a loss of CNY 30,361,654.01, compared to a loss of CNY 44,188,318.13 in the same period last year, indicating a year-over-year improvement of approximately 31.3%[35] - The company's operating profit for Q3 2014 was a loss of CNY 7,046,479.70, an improvement from a loss of CNY 9,581,794.82 in Q3 2013[35] - The total comprehensive income for Q3 2014 was a loss of CNY 12,390,894.64, compared to a loss of CNY 14,442,988.62 in Q3 2013, reflecting a year-over-year improvement of approximately 14.3%[32] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 672,314,376.20, a slight increase of 0.11% compared to the previous year[7] - The total equity attributable to shareholders decreased to CNY -146,830,923.49 from CNY -115,573,607.40, indicating a worsening financial position[28] - Total liabilities included short-term borrowings of ¥160,800,000.00, reflecting a minor increase from the previous period[23] - Total current assets decreased to CNY 76,453,936.05 from CNY 77,716,135.26 at the beginning of the year, a decline of 1.62%[27] - Total liabilities increased to CNY 740,356,815.69 from CNY 713,000,501.91, representing a growth of 3.03%[28] - The company's total assets decreased to CNY 277,532,636.13 from CNY 286,629,067.50, a decline of 3.73%[28] Cash Flow - The net cash flow from operating activities for the first nine months was CNY -4,525,014.17, showing an improvement of 87.70% year-on-year[7] - Cash flow from operating activities for the first nine months of 2014 was a net outflow of CNY 4,525,014.17, an improvement from a net outflow of CNY 36,800,322.50 in the same period last year[38] - Total cash inflow from operating activities was CNY 31,437,573.87, down 66.3% from CNY 93,151,426.04 year-on-year[40] - Cash outflow from operating activities totaled CNY 29,820,992.90, a reduction of 63.5% compared to CNY 81,798,710.14 in the previous year[40] - Investment activities resulted in a net cash outflow of CNY 2,035,000.00, compared to a net outflow of CNY 471,435.96 in the same period last year[41] - Cash flow from financing activities showed a net outflow of CNY 28,484,711.11, with no cash inflow reported[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 36,052[11] - The largest shareholder, Jiangxi Changjiu Chemical Group Co., Ltd., held 43,980,000 shares, accounting for 18.22% of the total shares[11] Operational Changes - Management expenses decreased by 42.83% to ¥17,251,047.04 due to personnel restructuring and reduced labor costs[13] - Operating expenses decreased by 38.57% to ¥15,398,720.94 due to reduced production personnel and lower idling losses[13] - The company reported a significant increase in asset impairment losses by 150.83% to ¥2,882,594.96 due to increased bad debt provisions[13] - The company has not disclosed any new product developments or market expansion strategies in this report[4] Sales and Revenue - The company received CNY 5,913,231.85 from sales of goods and services, a significant decline from CNY 16,997,540.48 in the same period last year[40] - Total cash received from other operating activities was CNY 25,524,342.02, down 66.5% from CNY 76,153,885.56 year-on-year[40] - Cash paid for purchasing goods and services was CNY 2,160,236.48, a decrease from CNY 7,151,464.41 in the previous year[40] - The company reported a decrease in cash flow due to higher operational costs and reduced sales revenue[40]