GRIAM(SH:600206)2014-10-17 16:00Financial Performance - Operating income for the first nine months decreased by 0.51% to CNY 1,751,256,660.82 compared to the same period last year[11]. - Net profit attributable to shareholders decreased by 553.82% to CNY -74,077,509.37 compared to the same period last year[11]. - Basic earnings per share decreased by 382.76% to CNY -0.082 compared to the same period last year[11]. - The company's net profit for the third quarter was -62,601,017.61 RMB, a decrease of 223.02% compared to the previous year[20]. - The company reported a net loss of ¥163,191,096.35 for the period, compared to a loss of ¥79,322,907.95 in the previous year[43]. - The total profit for the first nine months of 2014 was a loss of ¥85,340,032.78, compared to a profit of ¥2,529,579.94 in the same period last year[48]. - The company's operating profit for Q3 2014 was a loss of ¥37,167,795.56, compared to a loss of ¥1,061,973.76 in Q3 2013[48]. Assets and Liabilities - Total assets increased by 13.20% to CNY 3,325,287,849.64 compared to the end of the previous year[10]. - Net assets attributable to shareholders increased by 48.91% to CNY 2,606,228,706.64 compared to the end of the previous year[10]. - Accounts receivable increased by 88.29% to 326,753,600.68 RMB, attributed to increased domestic sales of rare earth materials[19]. - The total liabilities increased to ¥311,053,565.53 from ¥227,142,780.91, reflecting a growth in financial obligations[43]. - The company's cash and cash equivalents decreased to CNY 911,583,634.77 from CNY 1,073,078,551.80[37]. - Inventory increased to CNY 576,152,721.12 from CNY 518,084,205.01, indicating a growth of approximately 11.2%[37]. Cash Flow - Cash flow from operating activities showed a significant decline of 156.41% to CNY -214,427,226.34 compared to the previous period[11]. - The cash flow from operating activities for the first nine months of 2014 was a net outflow of ¥214,427,226.34, compared to a net outflow of ¥83,627,455.84 in the same period last year[51]. - The total cash inflow from operating activities for Q3 2014 was 351,550,844.83 RMB, slightly up from 350,089,824.06 RMB in Q3 2013[54]. - The total cash inflow from investment activities was ¥899,623,868.04 in the first nine months of 2014[51]. - The total cash outflow from investment activities was ¥1,073,104,163.26 in the first nine months of 2014, resulting in a net cash outflow of ¥173,480,295.22[51]. Shareholder Information - The total number of shareholders is 29,380[15]. - The largest shareholder, Beijing Nonferrous Metals Research Institute, holds 51.09% of shares, totaling 428,510,668 shares[15]. Asset Restructuring and Accounting Changes - The company completed a major asset restructuring in January 2014, impacting the consolidation scope of financial statements[8]. - The company adopted new accounting standards, which affected long-term equity investments and available-for-sale financial assets[8]. - The report indicates that the financial data for the previous period has been retrospectively adjusted due to changes in the consolidation scope[10]. - The company reported a significant adjustment in long-term equity investments, totaling CNY 63,469,966.39 due to the implementation of new accounting standards[33]. Commitments and Future Plans - The company plans to sell all assets and liabilities of its silicon segment to its controlling shareholder, Beijing Nonferrous Metals Research Institute, for cash[20]. - The company plans to implement a shareholder return plan for the years 2012 to 2014, focusing on enhancing shareholder value[26]. - The company expects to achieve the profit forecast made during the previous major asset restructuring by the end of the next reporting period[27]. - The company is focused on maintaining independence and fair transactions with related parties to protect shareholder interests[27]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[45].