TTC(SH:600326)2014-10-24 16:00Important Notice This section confirms the authenticity and integrity of the quarterly report, with management and directors ensuring accuracy and completeness Statement on Report Authenticity and Integrity Management and directors affirm the truthfulness, accuracy, and completeness of this unaudited quarterly report, ensuring no false information or material omissions - The company's Board of Directors, Supervisory Board, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content and assume corresponding legal responsibilities6 - The company's principal officer, the person in charge of accounting work, and the head of the accounting department guarantee the truthfulness, accuracy, and completeness of the financial statements8 - This company's third-quarter report is unaudited8 Company's Key Financial Data and Shareholder Changes This section presents the company's key financial performance indicators and significant changes in its shareholder structure for the reporting period Key Financial Data In the first three quarters of 2014, operating revenue slightly decreased, while net profit attributable to shareholders increased significantly, and operating cash flow saw a substantial decline Key Financial Data for the First Three Quarters of 2014 | Indicator | Year-to-Date (Jan-Sep) | Same Period Last Year (Jan-Sep) | Year-over-Year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 1,013,396,212.24 | 1,033,453,905.89 | -1.94% | | Net Profit Attributable to Shareholders (RMB) | 51,009,830.75 | 39,527,680.94 | 29.05% | | Net Profit Attributable to Shareholders (Excl. Non-recurring) (RMB) | 52,342,394.01 | 36,326,835.07 | 44.09% | | Net Cash Flow from Operating Activities (RMB) | 30,831,199.27 | 97,572,548.20 | -68.40% | | Basic Earnings Per Share (RMB/share) | 0.0932 | 0.0722 | 29.09% | - As of the end of the reporting period, the company's total assets were 2.963 billion RMB, a 1.56% increase from the end of the previous year; net assets attributable to shareholders of the listed company were 1.118 billion RMB, an increase of 4.81%8 - In the first three quarters of 2014, the company's total non-recurring gains and losses amounted to -1.33 million RMB, primarily from other non-operating income and expenses1113 Shareholder Information As of the reporting period end, the company had 74,333 shareholders, with the top two being state-owned legal entities holding significant stakes - As of the end of the reporting period, the company had a total of 74,333 shareholders14 Top Three Shareholders' Holdings | Shareholder Name | Number of Shares Held | Percentage (%) | Shareholder Type | | :--- | :--- | :--- | :--- | | 西藏天路建筑工业集团有限公司 | 150,923,532 | 27.58 | State-owned Legal Entity | | 西藏天海集团有限责任公司 | 38,880,294 | 7.11 | State-owned Legal Entity | | 中融信托 | 4,562,557 | 0.83 | Unknown | Significant Matters This section details significant changes in key financial statement items and other important corporate developments during the reporting period Analysis of Significant Changes in Key Financial Statement Items Significant changes in financial items include a surge in long-term deferred expenses, a substantial increase in investment income, a sharp decline in non-operating income, and a significant decrease in operating cash flow Significant Balance Sheet Item Changes | Item | Change Percentage (%) | Reason for Change | | :--- | :--- | :--- | | Long-term Deferred Expenses | 283.96 | Due to initial setup costs incurred by controlling subsidiary Zangzhong Building Materials | | Other Current Assets | 72.43 | Due to reclassification of long-term equity investment in Qionglai Water to this item | | Long-term Borrowings | 41.35 | Due to new long-term borrowings in the current reporting period | | Dividends Payable | -83.73 | Due to payment of dividends payable in the current reporting period | Significant Income Statement Item Changes | Item | Change Percentage (%) | Reason for Change | | :--- | :--- | :--- | | Investment Income | 1,392.20 | Due to recognition of dividends from subsidiary Tibet Bank Co., Ltd. | | Asset Impairment Losses | 488.79 | Due to increase in aging and provision base of accounts receivable | | Non-operating Income | -98.82 | Due to receipt of government subsidies and tax refunds in the same period last year | - Net cash flow from operating activities decreased by 68.40% year-over-year, primarily due to a reduction in other cash received related to operating activities in the current reporting period18 Accounting Standard Changes and Other Matters The company reclassified a long-term equity investment under new accounting standards and entered a strategic cooperation agreement for mineral resource and infrastructure development in Tibet - In accordance with the revised 'Accounting Standard for Business Enterprises No. 2 - Long-term Equity Investments,' the company reclassified an investment with a book value of 1 million RMB, originally accounted for under 'long-term equity investments,' to be presented as 'available-for-sale financial assets'192021 - On October 17, 2014, the company signed a strategic cooperation agreement with Sichuan Provincial Metallurgical Geological Exploration Bureau to strengthen cooperation in mineral resource exploration, mining rights operation, mine development, and infrastructure construction in the Tibet region22 Appendix This appendix provides the company's unaudited consolidated and parent company financial statements as of September 30, 2014 Financial Statements This section presents the company's unaudited consolidated and parent company financial statements, including balance sheets, income statements, and cash flow statements, as of September 30, 2014 Consolidated Balance Sheet Consolidated Balance Sheet Summary (September 30, 2014) | Item | End of Period Balance (RMB) | Beginning of Year Balance (RMB) | | :--- | :--- | :--- | | Total Assets | 2,962,631,685.21 | 2,917,161,509.19 | | Total Liabilities | 1,549,668,629.64 | 1,583,469,909.21 | | Equity Attributable to Parent Company Owners | 1,118,243,711.87 | 1,066,905,910.58 | | Total Equity | 1,412,963,055.57 | 1,333,691,599.98 | Parent Company Balance Sheet Parent Company Balance Sheet Summary (September 30, 2014) | Item | End of Period Balance (RMB) | Beginning of Year Balance (RMB) | | :--- | :--- | :--- | | Total Assets | 1,903,914,363.88 | 1,917,566,492.54 | | Total Liabilities | 887,312,036.08 | 885,783,479.26 | | Total Equity | 1,016,602,327.80 | 1,031,783,013.28 | Consolidated Income Statement Consolidated Income Statement Summary (Jan-Sep 2014) | Item | Year-to-Date Amount (Jan-Sep) (RMB) | Same Period Last Year Amount (Jan-Sep) (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 1,013,396,212.24 | 1,033,453,905.89 | | Operating Profit | 121,496,377.29 | 98,016,567.52 | | Total Profit | 120,440,691.47 | 104,210,896.04 | | Net Profit | 91,684,501.92 | 77,905,454.47 | | Net Profit Attributable to Parent Company Owners | 51,009,830.75 | 39,527,680.94 | Parent Company Income Statement Parent Company Income Statement Summary (Jan-Sep 2014) | Item | Year-to-Date Amount (Jan-Sep) (RMB) | Same Period Last Year Amount (Jan-Sep) (RMB) | | :--- | :--- | :--- | | Operating Revenue | 301,565,409.97 | 335,614,550.67 | | Operating Profit | -15,198,272.23 | -55,069,682.00 | | Total Profit | -15,412,303.25 | -55,060,953.76 | | Net Profit | -15,412,303.25 | -55,060,953.76 | Consolidated Cash Flow Statement Consolidated Cash Flow Statement Summary (Jan-Sep 2014) | Item | Year-to-Date Amount (Jan-Sep) (RMB) | Same Period Last Year Amount (Jan-Sep) (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 30,831,199.27 | 97,572,548.20 | | Net Cash Flow from Investing Activities | -210,160,440.68 | -361,006,243.72 | | Net Cash Flow from Financing Activities | 109,746,428.15 | 60,647,603.73 | | Net Increase in Cash and Cash Equivalents | -69,582,813.26 | -202,786,091.79 | Parent Company Cash Flow Statement Parent Company Cash Flow Statement Summary (Jan-Sep 2014) | Item | Year-to-Date Amount (Jan-Sep) (RMB) | Same Period Last Year Amount (Jan-Sep) (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -104,111,316.15 | 63,715,178.51 | | Net Cash Flow from Investing Activities | -17,014,616.00 | -130,777,900.00 | | Net Cash Flow from Financing Activities | 87,353,837.49 | -129,231,085.59 | | Net Increase in Cash and Cash Equivalents | -33,772,094.66 | -196,293,807.08 |