CMC(SH:600327)2014-10-23 16:00Financial Performance - Revenue for the first nine months decreased by 1.48% to CNY 6,407,137,283.81 compared to the previous year[7]. - The company's consolidated revenue for the reporting period was 2.004 billion RMB, a decrease of 3.60% compared to the same period last year[11]. - For the first nine months, the consolidated revenue was 6.407 billion RMB, reflecting a decline of 1.48% year-on-year[11]. - Total revenue for the third quarter was ¥2,003,861,206.77, a decrease of 3.6% compared to ¥2,078,655,067.70 in the same period last year[31]. - Year-to-date revenue from January to September 2014 was approximately ¥1.29 billion, down 9.5% from ¥1.42 billion in the same period last year[35]. Profitability - Net profit attributable to shareholders increased by 8.05% to CNY 140,176,597.44 year-on-year[7]. - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 17.35% to CNY 134,159,791.16[7]. - The company's net profit attributable to the parent company decreased by 34.04% year-on-year, primarily due to a significant decline in non-operating income[14]. - Net profit for the third quarter was ¥30,774,890.31, a decline of 38.2% from ¥49,643,881.97 in the previous year[32]. - The net profit for Q3 2014 was approximately ¥34.24 million, an increase of 3.2% compared to ¥33.16 million in Q3 2013[35]. Earnings and Returns - Basic and diluted earnings per share increased by 8.03% to CNY 0.269[7]. - Earnings per share (EPS) for the third quarter was ¥0.058, compared to ¥0.088 in the same quarter last year, reflecting a 34.1% decrease[32]. - The weighted average return on equity decreased by 0.26 percentage points to 9.93%[7]. Cash Flow - Operating cash flow for the period was CNY 37,265,988.72, a 2.89% increase compared to the same period last year[7]. - Operating cash flow for the first nine months of 2014 was CNY 42,195,115.66, a significant improvement from a net cash outflow of CNY 30,859,542.99 in the same period last year[39]. - Total cash inflow from operating activities was CNY 1,440,155,516.15, compared to CNY 1,552,054,832.81 in the previous year, indicating a decrease of approximately 7.2%[39]. - Cash outflow from operating activities decreased to CNY 1,397,960,400.49 from CNY 1,582,914,375.80, reflecting a reduction of about 11.6%[39]. Assets and Liabilities - Total assets increased by 0.30% to CNY 4,584,398,683.35 compared to the end of the previous year[7]. - Total current assets as of September 30, 2014, amounted to 2,232,107,002.10 yuan, an increase from 2,086,972,690.96 yuan at the beginning of the year[25]. - Total liabilities as of September 30, 2014, were 2,955,250,145.67 yuan, a decrease from 3,007,034,584.99 yuan at the beginning of the year[26]. - Total assets decreased to ¥2,344,999,970.30 from ¥2,418,270,184.99 at the beginning of the year, a reduction of 3.0%[29]. - Total liabilities decreased to ¥921,569,737.28 from ¥1,039,486,233.29, a decline of 11.3%[29]. Investment Activities - Investment income increased by 84.80% year-on-year, mainly due to increased dividends from associated companies[14]. - The company reported an investment income of ¥16,384,150.15 for the third quarter, up from ¥8,866,055.13 in the same period last year, indicating an increase of 84.9%[31]. - Cash received from investment income increased by 178.65% year-on-year, mainly due to increased dividends from associated companies[17]. - Cash inflow from investment activities totaled CNY 12,836,873.28, down from CNY 45,887,150.00 year-over-year[39]. Cost Management - The company has strengthened cost management and marketing innovation in its automotive segment to create a differentiated competitive advantage[11]. - Total operating costs amounted to ¥1,978,399,676.38, down 2.8% from ¥2,035,976,159.69 year-over-year[31]. - The company reported a decrease in operating costs to approximately ¥316.02 million in Q3 2014, down from ¥320.19 million in Q3 2013, reflecting a cost reduction strategy[35].