FFEC(SH:600203)2014-10-24 16:00Financial Performance - Operating revenue for the first nine months rose by 13.00% to CNY 2,023,923,624.36 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 50.78% to CNY 51,292,112.35 year-over-year[6] - Basic earnings per share dropped by 55.81% to CNY 0.19 compared to CNY 0.43 in the previous year[6] - The company reported a net profit of 10 million RMB for the fiscal year, with a commitment to maintain a cash distribution of at least 30% of the distributable profits each year[25] - Net profit for Q3 2014 was ¥37,329,639.39, a decrease of 24.2% from ¥49,149,332.20 in Q3 2013[44] - Comprehensive income for Q3 2014 totaled ¥50,463,139.00, down 29.6% from ¥71,749,572.21 in Q3 2013[44] Assets and Liabilities - Total assets increased by 10.52% to CNY 2,193,373,911.72 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 58.34% to CNY 764,358,980.82 year-over-year[6] - Accounts receivable increased by 40.61% to CNY 206,205,723.07 compared to the beginning of the year[12] - Total liabilities decreased to CNY 1,381,423,916.40 from CNY 1,499,489,079.85, a reduction of approximately 7.9%[35] - Total equity increased to ¥946,351,356.89 in Q3 2014, up 44.2% from ¥655,710,435.26 in Q3 2013[42] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -114,973,408.30 for the first nine months[6] - The cash flow from operating activities showed a net outflow of ¥114,973,408.30, compared to an outflow of ¥7,876,731.53 in the previous year[17] - The total cash inflow from operating activities for the first nine months of 2014 was CNY 2,356,710,512.27, an increase from CNY 2,294,084,434.14 in the same period last year, representing a growth of approximately 2.5%[50] - The net cash flow from operating activities was negative at CNY -114,973,408.30, compared to CNY -7,876,731.53 in the previous year, indicating a decline in operational performance[50] - The total cash and cash equivalents at the end of the reporting period stood at CNY 213,287,456.99, up from CNY 187,536,834.47 at the end of the previous year[51] Investments and Acquisitions - The company is actively promoting a major asset restructuring involving the acquisition of 100% equity in Shenzhen Zhongnuo Communications Co., Ltd.[20] - The company holds a 36.52% stake in Zhaoyuan Optoelectronics, with plans to transfer all shares to Fujian Furi Electronics after the completion of the MOCVD project[24] - The company plans to transfer all shares of Fujian Cross-Strait Lighting Energy-Saving Technology Co., Ltd. to Fujian Furi Electronics within three years, contingent on achieving an annual net profit of 10 million RMB[23] - The company received CNY 339,678,995.62 from investment absorption, a substantial increase from CNY 2,416,906.00 in the previous year[51] Shareholder Information - The total number of shareholders reached 22,276 by the end of the reporting period[10] - The company has completed a share buyback plan, acquiring a total of 1,010,089 shares, representing 0.36% of the total share capital[25] - The company's controlling shareholder has expressed confidence in future growth, committing to increase shareholding through the Shanghai Stock Exchange[25] Operational Costs - Operating expenses increased, with sales expenses rising by 62.11% to ¥35,009,839.08 from ¥21,595,720.08[16] - Total operating costs for Q3 2014 were ¥778,613,739.45, up 60.6% from ¥484,843,494.16 in the same period last year[42] Other Financial Metrics - Long-term borrowings increased by 85.38% to ¥32,764,159.57 from ¥17,673,648.52[15] - The capital reserve rose by 187.10% to ¥382,691,803.01 from ¥133,296,753.90[15] - Investment income for Q3 2014 was ¥99,069,218.47, an increase of 8.5% compared to ¥91,576,670.70 in Q3 2013[42]