LMZ(SH:600249)2014-10-29 16:00Financial Performance - Operating revenue decreased by 2.50% to CNY 851,234,683.96 for the period from January to September[6] - Net profit attributable to shareholders of the listed company was a loss of CNY 120,643,431.61, compared to a loss of CNY 60,413,179.34 in the same period last year[6] - Basic and diluted earnings per share were both -0.2570 CNY, compared to 0.0081 CNY in the previous year[8] - The company reported a total comprehensive income of CNY -9,397,993.23 for the quarter, compared to CNY 66,208,280.56 in the previous year[43] - Net profit for the third quarter was a loss of CNY 61,586,845.16, compared to a profit of CNY 35,947,749.10 in the previous year[42] - The company experienced a total loss of CNY 60,888,555.64 in profit before tax, compared to a profit of CNY 37,565,433.46 in the previous year[42] Cash Flow - Net cash flow from operating activities was a negative CNY 90,204,137.70, compared to a positive CNY 5,582,569.59 in the same period last year[6] - Cash flow from operating activities for the first nine months was CNY 805,687,314.19, down from CNY 948,131,814.20 in the same period last year[48] - Total cash outflow from operating activities was CNY 922,992,241.24, resulting in a net cash flow from operating activities of CNY -90,204,137.70, compared to a positive cash flow of CNY 5,582,569.59 in the previous year[49] - Cash inflow from financing activities reached CNY 736,533,556.52, an increase from CNY 408,250,000.00 in Q3 2013, marking an increase of approximately 80%[50] - The net cash flow from financing activities was CNY 280,001,617.96, compared to a negative cash flow of CNY -10,216,424.18 in the previous year, indicating a significant improvement[50] Assets and Liabilities - Total assets increased by 5.44% to CNY 3,420,341,475.73 compared to the end of the previous year[6] - Total current assets increased to CNY 1,137,138,623.37 from CNY 1,032,667,635.87, representing a growth of approximately 10.1%[32] - Total non-current assets reached CNY 2,283,202,852.36, up from CNY 2,211,324,365.30, indicating an increase of about 3.3%[33] - Total liabilities increased to CNY 1,585,409,559.75 from CNY 1,276,939,356.77, a rise of approximately 24.1%[34] - Total equity decreased to CNY 1,834,931,915.98 from CNY 1,967,052,644.40, a decline of about 6.7%[34] Shareholder Information - The total number of shareholders was 57,783 at the end of the reporting period[11] - The largest shareholder, Liuzhou Industrial Investment Co., Ltd., held 18.52% of the shares[11] Investments and Financing - The company plans to non-publicly issue 100 million shares to its controlling shareholder, raising up to RMB 460 million, with the application materials accepted by the China Securities Regulatory Commission[17] - The company is in the process of publicly transferring 11 million shares of Beibu Gulf Bank, having successfully listed them on relevant trading platforms[18] - The company intends to purchase 11 million shares of Liuzhou Bank at a price not exceeding RMB 3.61 per share, with the process actively underway[18] Accounting Policies and Changes - The company reported a significant adjustment of CNY 235,110,379.56 in available-for-sale financial assets due to changes in accounting policies[22] - The company adjusted its other comprehensive income by CNY 289,561,569.37 as a result of changes in accounting policies regarding financial statement presentation[27] - The company confirmed that the new accounting policies will not affect its financial position or operating results for the fiscal year 2013 and the third quarter of 2014[28] - The company reported that the changes in accounting standards will not affect total assets, liabilities, or net profit for the periods in question[23] Operational Costs - Total operating costs increased to CNY 359,405,238.05, up 14.7% from CNY 313,493,196.61 year-over-year[41] - Management expenses rose to CNY 47,546,982.21, up 13.5% from CNY 42,975,650.28 in the previous year[42] - Sales expenses for the third quarter were CNY 39,750,526.56, an increase of 6.5% from CNY 37,327,784.63 year-over-year[42] Other Financial Metrics - The company's investment income dropped by 85.60% to RMB 13,496,186.50, due to significant gains from stock sales in the previous year[16] - The company's undistributed profits decreased by 34.79% to RMB 216,740,807.42, reflecting increased losses[15]