CCYD(SH:600148)2014-10-23 16:00Financial Performance - Operating income for the first nine months rose by 2.41% to CNY 491,150,925.29 year-on-year[8] - Net profit attributable to shareholders increased by 22.23% to CNY 25,820,200.04 compared to the same period last year[8] - Total operating revenue for Q3 2014 was CNY 142,012,329.98, a decrease of 4.3% compared to CNY 148,574,725.84 in Q3 2013[33] - Operating profit for Q3 2014 was CNY 12,595,228.24, down 26.5% from CNY 17,196,956.85 in the same period last year[33] - Net profit attributable to shareholders for Q3 2014 was CNY 8,908,215.72, a decline of 36.5% compared to CNY 14,011,159.79 in Q3 2013[34] - The company reported a total comprehensive income of CNY 11,973,987.84 for Q3 2014, compared to CNY 18,026,225.43 in the same period last year[34] - Basic earnings per share for Q3 2014 were CNY 0.06, down from CNY 0.10 in Q3 2013[34] - The company reported an increase in investment income to ¥8,789,060.82 in Q3 2014, compared to ¥6,062,303.24 in Q3 2013[36] Assets and Liabilities - Total assets increased by 2.02% to CNY 892,761,626.49 compared to the end of the previous year[8] - The company reported a total asset of CNY 892,761,626.49 as of September 30, 2014, compared to CNY 875,044,865.84 at the beginning of the year, indicating an increase of approximately 2.0%[25] - The company's current liabilities decreased from CNY 478,934,721.71 at the beginning of the year to CNY 459,979,775.34, a reduction of about 4.0%[26] - The company's total liabilities decreased from CNY 486,223,148.00 to CNY 478,483,131.90, a decline of approximately 1.5%[27] - Total liabilities decreased to CNY 327,500,727.49 from CNY 352,093,051.24 at the beginning of the year, reflecting a reduction of 6.9%[31] - Total liabilities decreased to ¥79,566,634.79 in Q3 2014 from ¥96,798,810.23 in Q3 2013, indicating improved financial stability[38] Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 44,262,722.55, compared to a negative CNY 13,784,407.55 in the previous year[8] - The net cash flow from operating activities for the first nine months of 2014 was ¥44,262,722.55, compared to a negative cash flow of ¥13,784,407.55 in the same period last year[37] - Cash and cash equivalents at the end of Q3 2014 were ¥84,416,680.66, compared to ¥52,190,746.44 at the end of Q3 2013[38] Shareholder Information - The number of shareholders reached 13,984, with the top ten shareholders holding a combined 61.56% of shares[10] Receivables and Inventory - Other receivables increased by 76.52% to CNY 3,931,636.51, primarily due to unclaimed social insurance reimbursements[13] - Accounts receivable increased from CNY 185,511,892.83 to CNY 214,082,441.83, representing a growth of approximately 15.4%[25] - The company’s inventory rose from CNY 120,031,499.90 to CNY 127,462,354.93, an increase of about 6.0%[25] - Inventory increased to CNY 82,995,838.32, up 5.5% from CNY 78,442,620.36 at the beginning of the year[31] Equity and Earnings - The total owner's equity increased from CNY 388,821,717.84 at the beginning of the year to CNY 414,278,494.59, reflecting a growth of approximately 6.5%[27] - The company’s retained earnings increased from CNY 81,328,026.17 to CNY 100,217,422.37, reflecting a growth of about 23.2%[27] - The weighted average return on net assets improved to 7.94% from 7.63% in the previous year[8] Operational Costs and Expenses - Operating costs for Q3 2014 were CNY 129,417,101.74, a slight decrease from CNY 131,377,768.99 in Q3 2013[33] - Operating expenses increased by 12.5% year-on-year, primarily due to higher management and sales expenses[36] Future Plans - The company plans to hire a professional institution to assess the impact of new employee compensation standards, which is expected to have no significant effect on the current financial status[20] - The company plans to focus on expanding its market presence and investing in new product development in the upcoming quarters[36] Accounting Adjustments - The adjustment of long-term equity investment accounting standards resulted in a transfer of CNY 1,000,000.00 from long-term equity investments to available-for-sale financial assets, with no impact on profit or equity[18]