KINGFA(SH:600143)2014-10-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 26.10% to CNY 456,618,422.85 year-on-year[8]. - Operating income rose by 11.47% to CNY 11,638,521,251.17 for the year-to-date period[8]. - The net profit after deducting non-recurring gains and losses decreased by 28.28% to CNY 369,068,752.90[8]. - Net profit for the third quarter was ¥137,493,846.97, down from ¥198,940,342.32, a decrease of about 30.9%[36]. - The total comprehensive income for the period was ¥137,360,919.27, compared to ¥197,961,524.89, a decrease of about 30.6%[36]. - The net profit for the first nine months of 2023 was approximately ¥282.58 million, down 12.93% from ¥324.34 million in the same period last year[39]. - The company reported a total profit of approximately ¥338.15 million for the first nine months of 2023, down 8.50% from ¥369.72 million in the previous year[39]. Assets and Liabilities - Total assets increased by 1.27% to CNY 13,468,372,091.18 compared to the end of the previous year[8]. - The company's total liabilities rose to CNY 5,316,205,872.35 from CNY 5,260,331,235.93, reflecting an increase of approximately 1.1%[28]. - The company's total liabilities amounted to ¥4,666,408,524.28, up from ¥4,452,132,755.94, indicating an increase of approximately 4.8%[32]. - Current liabilities rose to ¥4,331,098,202.59, up from ¥3,903,760,875.97, indicating an increase of about 11%[32]. Cash Flow - Net cash flow from operating activities increased significantly by 181.69% to CNY 825,304,089.17 compared to the same period last year[8]. - The cash flow from operating activities showed a net increase of approximately ¥825.30 million, compared to ¥292.99 million in the same period last year[42]. - Operating cash inflow for the year-to-date period reached ¥7,064,521,102.73, an increase of 4.55% compared to ¥6,756,829,834.40 in the previous year[46]. - Net cash flow from operating activities decreased to ¥691,359,707.11 from ¥1,225,150,887.49, reflecting a decline of 43.6% year-over-year[46]. - Cash inflow from investment activities totaled ¥296,220,427.45, significantly up from ¥46,568,038.72, marking a growth of 535.5%[47]. - Cash paid for investments reached ¥509,622,884.74, compared to ¥126,079,498.11, indicating a significant increase in investment activities[46]. Shareholder Information - The number of shareholders reached 95,493 by the end of the reporting period[10]. - The largest shareholder, Yuan Zhimin, holds 17.63% of the shares, totaling 451,323,366 shares[10]. - The company plans to distribute cash dividends of no less than 30% of the distributable profits each year, contingent on profitability[20]. - The company has committed to a three-year shareholder return plan, which includes a detailed cash dividend distribution strategy[20]. Inventory and Prepayments - The company reported a significant increase in prepayments by 62.78% to CNY 577,540,311.52, mainly due to increased material procurement[13]. - The company's prepayments increased by 42.49% to ¥337,808,841.72, attributed to higher sales and increased customer prepayments[15]. - Inventory increased to CNY 3,323,777,647.88, up from CNY 2,962,647,634.10, indicating a growth of about 12.2%[26]. - Inventory balance rose to ¥2,219,266,352.02 from ¥2,058,007,723.93, an increase of about 7.8%[31]. Financial Expenses and Losses - Financial expenses rose by 53.85% to ¥152,262,897.01, mainly due to increased foreign exchange losses from currency fluctuations[16]. - The company recorded a loss attributable to minority shareholders of ¥-11,743,217.40, reflecting a 226.50% increase due to losses from non-wholly owned subsidiaries[16]. - The company reported an investment loss of ¥-13,662,454.08, a significant decrease of 229.74% compared to the previous year, primarily due to the disposal of a subsidiary's long-term equity investment[16]. Other Financial Metrics - The weighted average return on equity decreased by 2.01 percentage points to 5.72%[8]. - Earnings per share decreased to ¥0.06 from ¥0.07, reflecting a decline of approximately 14.3%[36]. - The company's cash and cash equivalents decreased to CNY 1,281,580,332.24 from CNY 1,655,485,044.64 at the beginning of the year, representing a decline of approximately 22.5%[26]. - The ending cash and cash equivalents balance was ¥708,774,071.71, down from ¥766,899,543.35, a decrease of 7.6% year-over-year[47].