HLGF(SH:600346)2014-10-27 16:00Financial Performance - Net profit attributable to shareholders of the listed company decreased significantly to CNY -126,609,622.05, a decline of 1,798.16% year-on-year [7]. - Operating revenue for the first nine months was CNY 617,127,012.73, down 29.68% from CNY 877,611,278.30 in the same period last year [7]. - The company reported a basic earnings per share of CNY -0.415, a decrease of 1,531.03% compared to the previous year [8]. - Net profit for the first three quarters of 2014 was -115,083,192.75 RMB, a decrease of 1666.96% compared to the same period in 2013 [16]. - Total operating revenue for Q3 2014 was ¥231.52 million, a decrease of 28.6% compared to ¥324.37 million in Q3 2013 [38]. - Net loss for Q3 2014 was ¥29.75 million, compared to a net loss of ¥3.40 million in Q3 2013 [40]. - Total comprehensive loss for Q3 2014 was ¥43.22 million, compared to a comprehensive income of ¥3.14 million in Q3 2013 [43]. - Operating profit for Q3 2014 was -¥32.67 million, compared to -¥4.36 million in Q3 2013 [40]. Assets and Liabilities - Total assets increased by 4.68% to CNY 3,021,345,901.12 compared to the end of the previous year [7]. - Current assets totaled CNY 1,331,873,788.70, up from CNY 1,163,720,817.01, indicating a growth of about 14.48% [31]. - Total liabilities decreased slightly to CNY 2,192,259,761.19 from CNY 2,216,696,082.99, a reduction of about 1.11% [33]. - The company's equity increased to CNY 829,086,139.93 from CNY 669,654,951.80, marking a growth of approximately 23.83% [33]. - The total non-current assets decreased to CNY 1,689,472,112.42 from CNY 1,722,630,217.78, a decline of approximately 1.93% [32]. Cash Flow - Cash flow from operating activities increased by 16.01% to CNY 39,498,999.37 compared to CNY 34,046,981.81 in the previous year [7]. - Operating cash inflow for the first nine months of 2014 was CNY 758,423,384.60, a decrease of 1.3% compared to CNY 770,433,596.54 in the same period last year [44]. - Net cash flow from operating activities for Q3 2014 was CNY 39,498,999.37, up from CNY 34,046,981.81 in Q3 2013, representing a growth of 13.5% [45]. - The company reported a net cash flow from investing activities of CNY -138,590,496.09 for the first nine months of 2014, worsening from CNY -105,315,068.28 in the same period last year [45]. - Cash inflow from investment activities for Q3 2014 was CNY 60,752,007.77, compared to CNY 2,025,655.21 in Q3 2013, indicating a substantial increase in investment returns [45]. Shareholder Information - The number of shareholders reached 18,480, with the largest shareholder holding 41.53% of the shares [12]. Investments and Expenses - Long-term equity investments rose by 49.93% to CNY 4,897,482.98, reflecting increased investment in a subsidiary [14]. - Investment income increased by 154.65% to 3,460,925.15 RMB due to higher financial management returns during the reporting period [16]. - The company’s financial expenses increased due to higher depreciation from fixed asset transfers and reduced interest capitalization [16]. - Sales expenses increased to ¥11.09 million in Q3 2014, up from ¥9.44 million in Q3 2013 [38]. - Management expenses decreased to ¥37.86 million in Q3 2014, compared to ¥41.06 million in Q3 2013 [38]. Tax and Refunds - The company received tax refunds of 5,610,619.19 RMB, a significant increase of 2041.24% compared to 262,026.49 RMB in the previous year [18]. - The company reported a 73.91% decrease in business tax and additional fees, totaling 1,267,601.68 RMB, attributed to reduced revenue [16]. Future Plans - The company plans to continue expanding its market presence and developing new technologies to enhance competitiveness [14]. - The company plans to avoid competition with its subsidiary, Dalian Daxin Machinery Manufacturing Co., Ltd., by transferring competing business to unrelated third parties [23].