FLDT(SH:600228)2015-10-28 16:00Financial Performance - Operating revenue for the first nine months was CNY 427,464,835.24, a decrease of 18.95% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 14,630,378.29, improving by 55.55% compared to the same period last year[6] - Basic and diluted earnings per share were both CNY -0.06, an improvement of 57.14% year-on-year[7] - Total revenue for Q3 2015 was CNY 125,019,195.69, a decrease of 35.8% compared to CNY 194,791,692.04 in Q3 2014[26] - Total operating costs for Q3 2015 were CNY 130,076,842.47, down 36.3% from CNY 204,099,581.54 in Q3 2014[27] - Net loss for Q3 2015 was CNY 9,188,412.37, compared to a net loss of CNY 12,390,894.64 in Q3 2014, showing an improvement[27] - The net profit attributable to the parent company for Q3 2015 was -8,853,589.27 CNY, compared to -11,562,725.85 CNY in Q3 2014, indicating an improvement of approximately 23.4% year-over-year[28] - The total comprehensive income for Q3 2015 was -9,188,412.37 CNY, a decrease from -12,390,894.64 CNY in the same period last year, reflecting a 25.5% improvement[28] - Operating profit for Q3 2015 was -2,124,453.00 CNY, an improvement from -7,046,479.70 CNY in Q3 2014, showing a reduction in losses of approximately 69.9%[30] - The total profit for the first nine months of 2015 was -14,266,243.86 CNY, compared to -30,361,654.01 CNY in the same period last year, indicating a significant reduction in losses of about 53%[30] - The total comprehensive income for the first nine months of 2015 was -14,266,243.86 CNY, a significant improvement from -30,361,654.01 CNY in the same period last year, reflecting a reduction in losses of approximately 53%[31] Assets and Liabilities - Total assets decreased by 6.77% to CNY 579,955,697 compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 15.17% to CNY 68,641,775.22 compared to the end of the previous year[6] - The total assets decreased from CNY 622,061,438.42 to CNY 579,955,697.00, reflecting a reduction in both current and non-current assets[19] - Total liabilities as of September 30, 2015, were CNY 238,025,368.59, slightly down from CNY 239,591,176.69 at the beginning of the year[25] - The company's total equity decreased to CNY 12,990,877.46 from CNY 27,257,121.32 at the beginning of the year, indicating a significant decline[25] - Long-term investments increased to CNY 78,470,409.81 from CNY 61,615,599.75, reflecting a growth of 27.2%[24] Cash Flow - Net cash flow from operating activities was CNY 65,755,348.30, a significant increase compared to a negative cash flow of CNY -4,525,014.17 in the same period last year[6] - Operating cash inflow for Q3 2015 was CNY 458,029,813.95, a decrease of 24.2% compared to CNY 604,509,562.81 in Q3 2014[34] - Net cash flow from operating activities for the first nine months was CNY -1,769,766.47, compared to CNY 1,616,580.97 in the previous year[37] - The company reported a net cash outflow of CNY -1,932,766.47 for the first nine months of 2015, compared to CNY -418,419.03 in the same period last year[38] - The ending cash and cash equivalents balance for the first nine months was CNY 388,069.48, down from CNY 3,383,766.77 at the end of the previous year[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,906[13] - The largest shareholder, Jiangxi Changjiu Chemical Group Co., Ltd., held 18.22% of the shares[13] - The company has committed to not reducing its shareholding in the secondary market for six months starting from July 10, 2015[17] Operational Changes - The company plans to enhance the operational capacity of its subsidiary Changjiu Agricultural Science and Technology by preparing for expansion at the Jiangsu Rudong base[16] Other Financial Metrics - Non-recurring gains and losses included government subsidies of CNY 3,000,000 related to normal business operations[9] - The company reported a loss of CNY -3,898,762.84 in other operating income and expenses[10] - Prepayments decreased by 45.68% from CNY 44,587,723.80 to CNY 24,221,435.45 due to a reduction in advance payments for goods[15] - Inventory decreased by 37.75% from CNY 52,170,338.96 to CNY 32,477,967.02 attributed to a decline in raw material purchase prices[15] - Short-term borrowings decreased by 34.00% from CNY 152,250,000.00 to CNY 100,480,000.00 due to an increase in bank loan repayments[15] - Tax payable increased by 85.78% from CNY 3,591,902.48 to CNY 6,673,118.46 due to an increase in value-added tax payable[15] - Other non-current assets decreased by 66.39% from CNY 7,670,231.49 to CNY 2,578,117.87 due to a reduction in advance payments for equipment purchases[15] - Financial expenses decreased by 50.76% from CNY 29,624,794.59 to CNY 14,585,918.48 due to a reduction in payable capital occupation fees compared to the previous year[15] - The company reported an increase in asset impairment losses by 69.57% from CNY 2,882,594.96 to CNY 4,888,136.92 due to the consolidation of the wholly-owned subsidiary Changjiu Fertilizer[15] - The company has not disclosed any new product developments or market expansion strategies in the current report[30]