NNCI(SH:600301)2014-10-28 16:00Financial Performance - Operating revenue increased by 12.16% to CNY 597,757,042.18 for the period from January to September[8] - Net profit attributable to shareholders was CNY -142,866,613.52, showing an improvement compared to CNY -196,072,264.33 in the same period last year[8] - Basic and diluted earnings per share were both CNY -0.6076, an improvement from CNY -0.8338 in the previous year[8] - Total operating revenue for the third quarter was CNY 215,150,786.77, an increase of 26.2% compared to CNY 170,426,409.25 in the same period last year[30] - Total operating costs decreased to CNY 248,150,600.17 from CNY 253,008,234.22, reflecting a reduction of 1.7% year-over-year[30] - Net loss for the quarter was CNY 120,249,363.41, compared to a net loss of CNY 80,102,208.50 in the previous year, indicating a worsening of 50%[31] - Operating profit for the quarter was CNY -142,004,030.76, compared to CNY -81,270,901.61 in the same quarter last year, indicating a decline of 74.7%[31] - Basic and diluted earnings per share were both CNY -0.4911, worsening from CNY -0.3117 in the previous year[31] - The company reported an investment loss of CNY -109,004,217.36 for the quarter, compared to a gain of CNY 1,310,923.36 in the same period last year[30] Assets and Liabilities - Total assets decreased by 27.37% to CNY 1,583,275,247.59 compared to the end of the previous year[8] - The company's total assets decreased from RMB 2,179,908,943.37 at the beginning of the year to RMB 1,583,275,247.59, a reduction of approximately 27.4%[22] - The company's total liabilities decreased from RMB 2,198,916,270.10 to RMB 1,669,781,222.86, a decline of about 24%[22] - The company's total equity turned negative at CNY -107,639,304.82, compared to CNY -40,192,566.69 at the beginning of the year[26] Cash Flow - The company reported a net cash flow from operating activities of CNY -101,312,602.15, an improvement from CNY -124,916,903.02 in the previous year[8] - Cash received from other operating activities rose to RMB 575.52 million, an increase of 120.36% attributed to higher leasing income[13] - Cash flow from operating activities showed a net outflow of ¥101.31 million, an improvement from a net outflow of ¥124.92 million in the previous year[38] - The ending balance of cash and cash equivalents was $69,851,633.74, down from $86,848,989.33 at the beginning of the period[42] Shareholder Information - The number of shareholders increased to 15,054, with the largest shareholder holding 32% of the shares[10] Government Support - The company received government subsidies amounting to CNY 21,778,788.15 during the reporting period[11] Investment and Subsidiaries - The company disposed of subsidiaries, leading to significant changes in various financial statement items, including a 61.16% decrease in inventory[12] - The company completed the transfer of 100% equity in Nanning Lion Seat Building Materials Co., Ltd. and other subsidiaries for a nominal price of RMB 1, with registration completed by October 2014[13] - Investment income showed a loss of RMB 10,886.40 million, reflecting a decrease of 2,692.69% due to adjustments from the disposal of subsidiaries[13] Cost Management - Sales expenses decreased significantly to ¥1.57 million from ¥6.62 million year-over-year, indicating improved cost management[35] - Management expenses were reduced to ¥23.79 million from ¥39.67 million, reflecting ongoing efforts to streamline operations[35] Asset Impairment - The company reported an asset impairment loss of RMB 182.23 million, a significant decrease of 86.90% compared to the previous period[13] - The company reported a significant decrease in asset impairment losses, which were not specified in the current period compared to ¥21.87 million in the previous year[35]