CPEC(SH:600339)2014-10-30 16:00Financial Performance - Net profit attributable to shareholders was CNY -57,382,493.24, a decline from CNY -25,678,321.31 in the same period last year[7] - Operating revenue decreased by 7.64% to CNY 2,166,160,834.28 compared to CNY 2,345,377,824.02 in the previous year[7] - The company expects a cumulative net profit loss for the year, based on current market conditions and product sales[20] - The net profit for Q3 2024 was a loss of CNY 8,450,435.65, compared to a profit of CNY 276,813.46 in Q3 2023, indicating a significant decline[35] - The company reported a total profit loss of CNY 8,263,128.09 for Q3 2024, compared to a profit of CNY 2,084,793.33 in Q3 2023[34] - Basic and diluted earnings per share for Q3 2024 were both CNY -0.0098, compared to CNY -0.0049 in Q3 2023[35] Cash Flow - Cash flow from operating activities dropped significantly by 89.61% to CNY 26,702,623.44 from CNY 257,013,470.64 year-on-year[7] - Operating cash flow net amount decreased by 89.61% year-on-year, primarily due to increased cash payments for goods and services[19] - Cash flow from operating activities for the first nine months of 2024 was CNY 1,988,115,875.97, an increase from CNY 1,814,315,970.40 in the same period of 2023[39] - The net cash flow from operating activities for the first nine months of 2014 was ¥83,371,766.46, a decrease of 70.0% compared to ¥287,490,550.10 in the same period last year[43] - Total cash inflow from operating activities was ¥1,377,682,926.35, up 21.7% from ¥1,131,914,642.02 year-on-year[43] - Cash outflow from operating activities totaled ¥1,294,311,159.89, an increase of 53.3% compared to ¥844,424,091.92 in the previous year[43] Assets and Liabilities - Total assets increased by 5.33% to CNY 4,102,029,712.79 compared to the end of the previous year[7] - Total current assets increased to CNY 674,013,334.01 from CNY 550,454,824.80, representing a growth of approximately 22.4%[25] - Total non-current assets reached CNY 3,428,016,378.78, up from CNY 3,344,005,886.17, indicating an increase of about 2.5%[26] - Total liabilities increased to CNY 2,909,079,043.90 from CNY 2,632,872,381.87, which is an increase of approximately 10.5%[27] - The company’s total equity decreased to CNY 1,192,950,668.89 from CNY 1,261,588,329.10, reflecting a decrease of about 5.5%[27] Investments and Projects - Construction in progress rose by 233.15% to CNY 212,806,162.72, attributed to new project investments in acetone raw materials and product upgrades[13] - The company has completed the construction of the "acetone raw material and product upgrade project" and is preparing for operation[18] - Long-term borrowings increased by 97.69% to CNY 257,000,000.00 compared to CNY 130,000,000.00 at the end of the previous year[13] - Long-term borrowings increased by 97.69% compared to the beginning of the period, mainly due to new project loans[14] Expenses and Impairments - Sales expenses increased by 41.56% year-on-year, primarily due to changes in the pricing model for some products[15] - Asset impairment losses increased by 315.77% year-on-year, mainly due to increased inventory write-downs for adipic acid products[15] - The company reported a significant asset impairment loss of CNY 24,877,464.76 for the first nine months of 2024, compared to CNY 5,983,480.36 in the same period of 2023[34] Shareholder Information - The number of shareholders reached 59,117, with the top shareholder holding 22.86% of the shares[10] - Employee compensation payable decreased by 37.16% compared to the beginning of the period, mainly due to the payment of last year's accrued employee compensation[14] - Tax payable increased by 45.81% compared to the beginning of the period, primarily due to an increase in VAT payable at the end of the period[14]