EGING PV(SH:600537)2014-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 182.85% to CNY 155,219,524.88 for the first nine months of the year[7]. - Operating revenue for the first nine months rose by 3.09% to CNY 1,962,255,010.25 compared to the same period last year[7]. - Basic earnings per share increased by 190.91% to CNY 0.32[9]. - The weighted average return on net assets improved by 7.15 percentage points to 11.70%[9]. - The net profit after deducting non-recurring gains and losses was CNY 139,505,961.90, up 222.11% year-on-year[7]. - The company reported a net cash flow from operating activities of -CNY 277,431,531.16, a decrease of 194.41% compared to the previous year[7]. - The company incurred management expenses of 128,711.50 million RMB in Q3 2014, significantly higher than 24,836.00 million RMB in the same quarter last year, indicating an increase of over 418%[41]. - The total profit for the first nine months of 2014 was -1,945,045.70 million RMB, compared to -456,742.61 million RMB in the previous year, showing a substantial increase in losses[41]. Assets and Liabilities - Total assets increased by 4.88% to CNY 5,069,497,298.14 compared to the end of the previous year[7]. - The company's current assets totaled CNY 2.19 billion, compared to CNY 2.03 billion at the beginning of the year, reflecting a growth of approximately 8.2%[27]. - The total liabilities of the company were CNY 3.66 billion, up from CNY 3.56 billion at the beginning of the year, indicating a rise of about 2.8%[29]. - The company's non-current liabilities decreased to CNY 355.44 million from CNY 684.28 million, a reduction of approximately 48.0%[29]. - The total equity attributable to shareholders increased to CNY 1.39 billion from CNY 1.25 billion, reflecting a growth of approximately 12.0%[29]. Cash Flow - Cash and cash equivalents decreased by 56.94% to ¥321,779,237.52 due to increased payments during the period[14]. - The cash flow from financing activities for the first nine months of 2014 was 2,619,437.16 RMB, a recovery from a negative cash flow of -239,048,756.14 RMB in the same period last year[44]. - The company reported cash outflows from operating activities of 1,966,648,255.06 RMB for the first nine months of 2014, compared to 1,302,671,328.50 RMB in the previous year, indicating a rise of about 51%[43]. - The ending balance of cash and cash equivalents was $453,788.29, down from $506,973.35 at the beginning of the period[47]. Shareholder Information - The total number of shareholders reached 45,114 by the end of the reporting period[12]. - The largest shareholder, Xun Jianhua, holds 39.56% of the shares, with 192,232,411 shares pledged[12]. - The company plans to distribute 26.197 million shares to other shareholders at a ratio of 1 share for every 10 shares held, subject to certain conditions[17]. - The controlling shareholder, Xun Jianhua, has committed to not participating in profit distribution, with a limit of 48.88 million yuan on the profits he would forgo[18]. - The company’s profit distribution plan will be subject to approval by shareholders holding more than half of the voting rights at the general meeting[20]. Operational Insights - The company has extended the lock-up period for shares held by the controlling shareholder for three years from the date of the shareholders' meeting resolution[17]. - The company is actively working with banks to secure necessary loan funding under stringent conditions[17]. - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[38]. - The company has committed to following fair market principles in related party transactions to minimize conflicts of interest[19]. Government and Regulatory Matters - Government subsidies related to normal business operations amounted to CNY 6,780,901.74 for the first nine months[10]. - The company’s non-public issuance of A-shares was approved by the China Securities Regulatory Commission on October 17, 2014[15].