TENGDA CONST.(SH:600512)2014-10-29 16:00Financial Performance - Operating revenue for the first nine months rose by 17.88% to CNY 1,302,361,899.95 year-on-year [9]. - Net profit attributable to shareholders decreased by 81.25% to CNY 27,751,057.69 compared to the same period last year [9]. - Basic earnings per share dropped by 80.00% to CNY 0.04 from CNY 0.20 in the previous year [9]. - The weighted average return on equity decreased by 10.92 percentage points to 2.24% [9]. - Revenue for Q3 2014 reached ¥1,302,361,899.95, a 17.88% increase compared to ¥1,104,773,285.83 in the same period last year, driven by increased municipal engineering and real estate project revenues [16]. - Net profit for Q3 2014 was CNY 5,664,418.13, a decrease of 44.5% from CNY 10,221,593.36 in Q3 2013 [30]. - The company reported a total profit of ¥2.36 million for Q3 2014, down 76.8% from ¥10.17 million in Q3 2013 [33]. Cash Flow - Net cash flow from operating activities showed a significant decline of 1,052.25% to -CNY 396,955,662.41 [9]. - The net cash flow from operating activities was negative at -¥396,955,662.41, a significant decline from -¥34,450,482.17, due to reduced receivables and increased expenditures [16]. - Cash flow from operating activities showed a net outflow of ¥396.96 million for the first nine months of 2014, compared to a net outflow of ¥34.45 million in the same period last year [35]. - Total cash inflow from operating activities was $1.53 billion, a decrease from $1.61 billion year-over-year [39]. - Cash outflow from operating activities increased to $1.75 billion, up from $1.41 billion in the previous year [39]. Assets and Liabilities - Total assets increased by 2.30% to CNY 5,665,112,719.36 compared to the end of the previous year [9]. - Current liabilities totaled ¥3,974,838,048.28, a decrease from ¥4,142,171,692.41, indicating improved liquidity management [22]. - The company's total assets as of the end of Q3 2014 amounted to CNY 4,331,847,472.68, compared to CNY 4,165,924,815.64 at the end of Q3 2013 [26]. - Total liabilities increased to CNY 3,103,481,490.50 in Q3 2014, up from CNY 2,915,025,260.33 in Q3 2013 [26]. - Long-term borrowings increased by 67.91% to CNY 283,100,000.00, reflecting a shift of some long-term debt to current liabilities [15]. Shareholder Information - The number of shareholders reached 66,903 by the end of the reporting period [13]. - The total equity attributable to shareholders was CNY 1,228,365,982.18, down from CNY 1,250,899,555.31 in the previous year [26]. Financing Activities - The company received government subsidies amounting to CNY 1,343,000.00 during the reporting period [12]. - The net cash flow from financing activities improved to ¥77,933,928.10 from -¥66,506,443.05, following the issuance of a private placement bond of ¥200 million [16]. - The company received a registration notice for a non-public debt financing tool amounting to ¥600 million, valid for two years, allowing for phased issuance [17]. - The company plans to issue non-public shares to up to 10 specific investors, including the chairman, with the application currently under review by the China Securities Regulatory Commission [17]. - Cash inflow from financing activities totaled $1.54 billion, compared to $1.31 billion in the same period last year [39]. Inventory and Operating Costs - Operating costs rose to ¥1,152,463,708.28, reflecting an 18.42% increase from ¥973,233,349.67, in line with revenue growth [16]. - The company incurred operating costs of ¥1.17 billion for the first nine months of 2014, compared to ¥1.07 billion in the same period last year, reflecting a 10.3% increase [33]. - The company’s inventory increased to CNY 555,854,861.35 in Q3 2014, compared to CNY 476,407,376.09 in Q3 2013, indicating a rise of 16.6% [25].