G.W(SH:600462)2014-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 97.26% to CNY 3,078,282.10 for the first nine months compared to the same period last year[6]. - Operating revenue for the first nine months was CNY 207,490,980.16, a decrease of 4.59% year-on-year[6]. - The company's operating revenue for Q3 was ¥66,943,760.08, a decrease of 32.7% compared to ¥99,494,817.39 in the same period last year[24]. - The total profit for the first nine months was ¥3,078,282.10, significantly lower than ¥112,275,347.80 in the same period last year[24]. - The net profit for the period was ¥1,053,712.69, recovering from a net loss of ¥27,380,835.61 in Q3 of the previous year[24]. Shareholder Information - The total number of shareholders reached 15,898 by the end of the reporting period[12]. - The largest shareholder, Dunhua Jincheng Industrial Co., Ltd., holds 24.68% of the shares[12]. Cash Flow and Liquidity - Net cash flow from operating activities improved significantly, showing a net inflow of CNY -20,894,830.05 compared to CNY -186,918,801.41 in the same period last year[6]. - Cash flow from operating activities showed a net outflow of ¥20,894,830.05, an improvement from a net outflow of ¥186,918,801.41 in the previous year[26]. - Cash and cash equivalents decreased by 39.31% compared to the beginning of the year, primarily due to payments for raw material purchases and the settlement of maturing notes payable[14]. - Cash and cash equivalents at the end of the period were ¥35,103,773.83, down from ¥101,398,798.24 at the end of the same period last year[27]. Earnings and Expenses - Basic earnings per share fell by 97.24% to CNY 0.0058[8]. - The company reported a basic earnings per share of ¥0.0020, compared to a loss per share of ¥0.0513 in the same quarter last year[25]. - Sales expenses for the first nine months were ¥12,456,036.85, slightly higher than ¥12,254,239.58 in the previous year[24]. - Management expenses decreased to ¥25,857,416.43 from ¥31,405,136.26 in the same period last year, reflecting cost control efforts[24]. Asset Management - Total assets decreased by 8.99% to CNY 435,462,619.18 compared to the end of the previous year[6]. - Cash received from sales of goods and services increased by 99.80% year-on-year, mainly due to the maturity of previously received domestic letters of credit[14]. - Cash paid for purchasing goods and services decreased by 47.54% year-on-year, primarily due to increased settlement of raw material purchases with notes[14]. - Accounts receivable decreased by 48.26% compared to the beginning of the year, mainly due to increased settlement of raw material purchases with notes[14]. - Inventory increased by 34.27% compared to the beginning of the year, driven by a significant rise in finished products and raw material reserves[14]. - Other current assets decreased by 91.08% compared to the beginning of the year, primarily due to a reduction in unrecoverable input tax[14]. - Construction in progress increased by 36.91% compared to the beginning of the year, attributed to increased investment in technological upgrades[14]. - Notes payable decreased by 80.31% compared to the beginning of the year, mainly due to the settlement of acceptance bills issued in the same period last year[14]. - Accounts payable decreased by 34.07% compared to the beginning of the year, primarily due to the settlement of previous payments[14]. Government Support and Non-Recurring Items - Government subsidies recognized in the first nine months amounted to CNY 11,841,000.00[10]. - The company reported a total of CNY 730,539.67 in non-recurring gains and losses for the current period[11]. - Investment income increased by 100.00% year-on-year, mainly because the cost of long-term equity investments was reduced to zero at the end of last year[14]. - The company recorded an investment loss of ¥1,785,443.12 in the previous year, which was not repeated in the current report[24]. Future Outlook - The company aims to improve cash flow management and reduce operational costs in the upcoming quarters[24].