SANYUAN(SH:600429)2015-10-29 16:00Financial Performance - Operating revenue for the first nine months decreased by 2.35% to CNY 3,354,733,184.91 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 65.18% to CNY 38,819,059.48 compared to the same period last year[6] - Basic and diluted earnings per share decreased by 77.38% to CNY 0.0285[7] - The company reported a total operating cost of CNY 3,383,680,530.51 for the first nine months, down from CNY 3,548,500,075.75, indicating a decrease of approximately 4.7%[35] - The company's total comprehensive income for Q3 2015 was approximately -¥806.39 million, an improvement from -¥39.92 million in Q3 2014[39] - The company's operating revenue for Q3 2015 was approximately ¥776.51 million, a slight increase from ¥768.65 million in Q3 2014, representing a growth of 1.1%[38] - The net profit for the first nine months of 2015 was approximately ¥36.76 million, compared to a net loss of ¥108.60 million in the same period of 2014, indicating a significant turnaround[39] Assets and Liabilities - Total assets increased by 79.16% to CNY 7,488,860,986.64 compared to the end of the previous year[6] - Total current assets reached CNY 3,047,457,484.24, up from CNY 1,016,575,623.33, marking a growth of about 200%[31] - Total liabilities decreased to CNY 1,185,673,061.52 from CNY 1,844,127,566.51, a reduction of about 36%[32] - Total current liabilities decreased to approximately CNY 1.17 billion from CNY 1.76 billion, indicating a reduction of about 33%[29] - The company's total equity rose to approximately CNY 5.71 billion from CNY 1.71 billion, representing an increase of over 233%[29] Cash Flow - Net cash flow from operating activities for the first nine months was CNY 320,755,098.98, a significant recovery from a negative cash flow of CNY -20,652,086.40 in the same period last year[6] - The net cash flow from operating activities for Q3 2015 was ¥320,755,098.98, a significant improvement compared to a negative cash flow of ¥20,652,086.40 in the previous quarter[41] - Total cash inflow from operating activities for the first nine months of 2015 was ¥2,486,449,005.59, down from ¥2,575,571,557.44 in the same period last year[44] - Total cash outflow for operating activities was ¥2,226,784,587.70, down from ¥2,733,150,835.21 in the previous year[44] - The company's cash flow from financing activities showed a net increase of ¥3,127,721,948.74, compared to ¥224,247,113.91 in the previous year[45] Shareholder Information - The total number of shareholders reached 29,557 by the end of the reporting period[9] - The largest shareholder, Beijing Enterprises Group Company Limited, holds 35.79% of the shares[9] Investments and Acquisitions - The company plans to invest RMB 1,278,000,000.00 in the Hebei Sanyuan project for milk powder and liquid milk production[18] - The company acquired a 53% stake in Jiangsu Sanyuan Shuangbao Dairy Co., Ltd. for RMB 45,884,400.00[20] - The company is in the process of acquiring Beijing Ailafaxi Food Co., Ltd., leading to a stock suspension since September 21, 2015[20] - The company plans to use up to RMB 250,000,000.00 of idle funds for cash management in safe bank products[19] Government Support and Non-Recurring Items - Government subsidies recognized in the first nine months amounted to CNY 4,515,596.39[8] - The company reported a total of CNY 21,480,165.37 in non-recurring gains and losses for the third quarter[8] Future Outlook - The company plans to continue focusing on market expansion and product development to drive future growth[39] - The company’s net profit for the year is projected to be stable without significant fluctuations compared to the previous year[24] - The company has committed to not reducing its stock holdings from July 10, 2015, to March 31, 2016, to stabilize stock prices[23]