NXBM(SH:600449)2014-10-20 16:00Financial Performance - Net profit attributable to shareholders increased by 35.31% to CNY 278,160,413.92 year-on-year[5] - Operating income rose by 0.88% to CNY 3,111,389,298.09 for the first nine months[5] - Basic earnings per share increased by 34.88% to CNY 0.58[5] - Total operating revenue for Q3 2014 was ¥1,253,832,773.97, a decrease of 8.3% compared to ¥1,367,816,371.37 in Q3 2013[28] - Net profit for Q3 2014 reached ¥189,242,299.89, an increase of 24.4% from ¥151,953,688.01 in Q3 2013[29] - Total profit for the first nine months of 2014 was ¥180,815,495.30, up from ¥30,390,629.79 in the previous year[31] Asset and Liability Changes - Total assets increased by 3.65% to CNY 8,291,342,237.93 compared to the end of the previous year[5] - The total number of shareholders reached 32,838, indicating a stable shareholder base[8] - The total liabilities of the company amounted to CNY 3,577,793,598.70, up from CNY 3,509,097,913.11, indicating an increase of about 1.9%[24] - The company’s total equity rose to CNY 4,713,548,639.23 from CNY 4,490,586,226.65, indicating an increase of about 5.0%[24] - The company reported a significant increase in current assets, totaling CNY 2,629,488,610.93 as of September 30, 2014, compared to CNY 2,396,869,864.17 at the beginning of the year, reflecting an increase of approximately 9.7%[23] Cash Flow and Investment Activities - Cash flow from operating activities decreased by 10.92% to CNY 357,194,112.65 compared to the same period last year[5] - Net cash flow from investment activities improved by 65.38%, with a net outflow of ¥93,401,648.78 compared to ¥269,826,403.17 in the previous year[11] - Net cash flow from financing activities decreased by 72.00%, with an outflow of ¥162,827,015.37, mainly due to the issuance of short-term financing bonds[11] - Cash received from investment income rose to 180,488,560.77 RMB, compared to 82,722,122.56 RMB in the same period last year, indicating better returns on investments[39] - Cash paid for purchasing fixed assets and other long-term assets decreased to 7,326,567.07 RMB from 12,053,853.32 RMB, reflecting a reduction in capital expenditures[41] Operational Efficiency - The weighted average return on net assets improved by 1.33 percentage points to 6.62%[5] - Operating cash flow net amount decreased significantly to -11,672,677.41 RMB from 143,506,916.14 RMB year-on-year, indicating a decline in operational efficiency[39] - Cash received from other operating activities was 44,784,838.73 RMB, down from 148,182,693.25 RMB, indicating a decline in operational cash inflows[39] Shareholder and Subsidiary Commitments - The company continues to fulfill commitments regarding the independence of its subsidiaries and the control of related party transactions[13] - The company will continue to fulfill its commitment made during the 2009 acquisition of Gansu Qilian Mountain Cement Group to resolve competition issues with Saima Industrial[14] - The company is actively working to eliminate potential competition in the cement business, aiming to integrate operations into a single development platform over a five-year period[14] - The company has committed to ensuring that its subsidiaries do not engage in direct or indirect competition with Saima Industrial in the same market[15] - The company will provide cash compensation within seven working days if any undisclosed liabilities from the construction materials group cause losses to Saima Industrial post-merger[15] Tax and Financial Adjustments - Tax payable increased by 167.05% to CNY 138,297,484.75 due to accrued taxes[10] - Income tax expenses increased by 51.11% to ¥101,042,940.61, reflecting higher tax provisions from subsidiaries[11] - The company received tax refunds amounting to ¥114,692,099.05, compared to ¥79,675,532.40 in the same period last year[35] Changes in Financial Policies - The company adjusted its accounting policies for long-term equity investments, resulting in a decrease of CNY 57,600,000.00 in long-term equity investments and a corresponding increase in available-for-sale financial assets[23] - The company has implemented new accounting standards for employee compensation, but this change did not affect the current or previous period's profit or loss[18]