AECC AST(SH:600391)2014-10-27 16:00Financial Performance - Operating revenue for the year-to-date period was ¥1,356,324,464.13, reflecting an increase of 8.43% year-over-year[6]. - Net profit attributable to shareholders was ¥26,493,878.53, a decrease of 26.75% compared to the same period last year[6]. - Basic earnings per share decreased by 27.27% to ¥0.08 from ¥0.11 in the previous year[6]. - Total operating revenue for Q3 2014 was CNY 465,652,632.71, a slight increase from CNY 462,703,015.24 in Q3 2013, representing a year-over-year growth of 0.2%[29]. - Operating profit for Q3 2014 decreased to CNY 3,989,133.90 from CNY 21,338,094.15 in Q3 2013, reflecting a decline of 81.3%[29]. - The net profit for Q3 2014 was ¥6,654,178.30, compared to ¥13,426,394.45 in Q3 2013, indicating a decrease of about 50.5%[33]. - The total profit for the first nine months of 2014 reached ¥19,089,167.88, a decrease from ¥29,533,376.70 in the previous year, marking a decline of approximately 35.4%[33]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥25,971,215.96, compared to an outflow of ¥129,199,684.60 in the same period last year[6]. - The net cash flow from operating activities for the current period was CNY -25,971,215.96, an increase of 79.90% compared to the previous period, attributed to increased net sales and export tax refunds[12]. - The cash flow from operating activities for the first nine months of 2014 was negative at -¥25,971,215.96, an improvement from -¥129,199,684.60 in the same period last year[37]. - Operating cash inflow for the first nine months of 2014 was CNY 1,046,193,806.62, an increase of 6.7% compared to CNY 980,530,522.58 in the same period last year[40]. - Net cash flow from operating activities was negative CNY 40,404,862.80, an improvement from negative CNY 141,103,418.82 year-over-year[40]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,410,129,237.12, an increase of 4.36% compared to the end of the previous year[6]. - Total current assets as of September 30, 2014, were CNY 2,544,600,371.80, up from CNY 2,375,139,309.11 at the beginning of the year[19]. - Total liabilities increased to CNY 2,427,174,734.20 from CNY 2,271,262,015.38, marking a rise of 6.9%[22]. - Current liabilities totaled CNY 1,903,576,000.62, up from CNY 1,654,947,642.44, which is an increase of 15.0%[22]. - Non-current liabilities due within one year increased by 161.54% to ¥340,000,000.00, primarily due to long-term borrowings becoming current liabilities[10]. - Non-current liabilities decreased to CNY 523,598,733.58 from CNY 616,314,372.94, indicating a reduction of 15.0%[22]. Inventory and Receivables - Accounts receivable decreased by 35.25% to ¥66,525,843.92 due to the collection of receivables by a subsidiary[10]. - Inventory as of September 30, 2014, was CNY 1,345,271,495.37, compared to CNY 1,164,514,265.77 at the beginning of the year, indicating a growth in stock levels[19]. - Inventory increased to CNY 1,200,905,799.95 from CNY 1,030,940,280.44, representing a growth of 16.4%[24]. Financial Expenses and Income - The financial expenses for Q3 2014 amounted to CNY 59,534,067.36, a rise of 53.74% due to expanded loan scales[11]. - The company incurred financial expenses of ¥20,011,613.18 in Q3 2014, up from ¥14,391,752.58 in the same quarter last year, indicating a rise of about 39.4%[33]. - The investment income for Q3 2014 was ¥6,200,000.00, significantly higher than ¥3,100,000.00 in Q3 2013, representing an increase of approximately 100%[33]. Cash and Equivalents - Cash and cash equivalents at the end of Q3 2014 were CNY 196,308,719.93, down from CNY 207,362,467.64 at the beginning of the year, a decrease of 5.1%[24]. - The company reported cash and cash equivalents of ¥336,858,397.70 at the end of Q3 2014, down from ¥488,786,461.36 at the end of Q3 2013, a decrease of about 31%[38]. - Total cash and cash equivalents at the end of the period were CNY 196,308,719.93, a decrease from CNY 236,295,297.97 at the end of the same period last year[41].