ST海越(600387) - 2014 Q3 - 季度财报

Financial Performance - Operating income decreased by 12.32% to CNY 2,515,509,864.93 for the period from January to September[9] - Net profit attributable to shareholders decreased by 4.66% to CNY 49,252,021.53 for the same period[9] - Total operating revenue for Q3 2014 was CNY 920,514,344.40, a decrease of 44.3% compared to CNY 1,650,046,812.95 in Q3 2013[40] - Net profit attributable to shareholders for Q3 2014 was CNY 7,726,379.17, down 62.1% from CNY 20,403,923.83 in the same period last year[42] - The company reported a gross profit margin of 3.9% for Q3 2014, down from 10.1% in Q3 2013[41] - Operating profit for Q3 2014 was CNY 3,569,043.46, a significant decline of 85.6% from CNY 24,835,813.13 in Q3 2013[41] - The company reported a total comprehensive income of CNY 24,353,579.88 for Q3 2014, compared to CNY 49,750,920.48 in Q3 2013[42] - The company reported a total profit of CNY -3.94 million for Q3 2014, compared to a loss of CNY 12.55 million in Q3 2013, showing a significant reduction in losses[47] Cash Flow - Net cash flow from operating activities was negative at CNY -395,058,681.96, a decrease of 1,223.14% compared to the previous year[9] - The cash flow from operating activities for the first nine months of 2014 was CNY 2,920.08 million, down from CNY 3,383.76 million in the previous year, indicating a decrease of about 13.7%[51] - The net cash flow from operating activities for Q3 2014 was -395,058,681.96 RMB, a significant decline compared to 35,174,581.45 RMB in Q3 2013[52] - Cash inflow from operating activities for the first nine months of 2014 was 3,015,972,147.80 RMB, compared to 3,527,220,402.29 RMB in the same period last year[55] - The net cash flow from financing activities for the first nine months of 2014 was 1,785,851,774.37 RMB, a decrease from 2,362,026,243.91 RMB in the previous year[53] Assets and Liabilities - Total assets increased by 30.77% to CNY 8,942,331,251.95 compared to the end of the previous year[9] - The total liabilities of the company as of September 30, 2014, were CNY 7,042,317,341.21, compared to CNY 5,113,400,352.19 at the beginning of the year, marking an increase of around 37.7%[33] - The company's current assets reached CNY 1,864,052,621.10, up from CNY 1,080,861,237.01 at the start of the year, indicating a growth of about 72.4%[31] - The company's cash and cash equivalents stood at CNY 969,595,808.64, a significant increase from CNY 555,105,140.20 at the beginning of the year, representing a growth of approximately 74.5%[31] - The company's inventory increased to CNY 358,747,678.02 from CNY 199,210,208.94, showing a growth of approximately 80.5%[31] Shareholder Information - The number of shareholders reached 24,187 by the end of the reporting period[14] - The largest shareholder, Haikou Haiyue Economic Development Co., Ltd., holds 22.11% of the shares[14] Investment and Income - The company reported a significant increase in non-operating income, with a total of CNY 28,911,440.29 for the period[12] - The company’s investment income rose by 30.99% to ¥109,225,908.41, driven by increased gains from the disposal of available-for-sale financial assets.[18] - The investment income for the first nine months of 2014 was CNY 46.95 million, compared to CNY 37.68 million in the same period last year, showing an increase of about 24.5%[46] Financial Expenses - The company’s financial expenses increased by 32.01% to ¥37,895,419.92, primarily due to higher interest expenses from new borrowings.[18] - The financial expenses for Q3 2014 were CNY 10.24 million, an increase from CNY 6.16 million in the same period last year, indicating rising financing costs[46] Other Financial Metrics - Basic earnings per share remained unchanged at CNY 0.13, while diluted earnings per share also stayed at CNY 0.13[10] - The weighted average return on net assets decreased by 0.65 percentage points to 4.15%[10] - The company experienced a net loss of CNY -9,458,191.04 from non-recurring gains and losses[10] - The company’s long-term borrowings increased by 27.02% to ¥4,270,915,000.00, reflecting additional long-term loans at the subsidiary Ningbo Haiyue New Materials Co., Ltd.[18] - The company’s long-term deferred expenses surged by 113,514.46% to ¥154,798,097.84, mainly due to increased deferred expenses for catalysts in production at the subsidiary Ningbo Haiyue New Materials Co., Ltd.[17]