菲达环保(600526) - 2014 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months reached CNY 1,963,657,383.99, a 32.16% increase year-on-year [6]. - Net profit attributable to shareholders increased by 87.80% to CNY 46,826,168.43 compared to the same period last year [6]. - The company reported a total profit of CNY 62,362,400.00 for the first nine months, a 96.45% increase year-on-year [11]. - The company reported a significant increase in prepayments to ¥95,826,923.45 from ¥57,813,127.12, marking a growth of about 65.69% [26]. - The company reported a total profit of ¥21,821,952.19 for the quarter, up from ¥11,893,952.03 in the same period last year, marking an increase of about 83% [32]. - The company’s total revenue for the first nine months of the year reached ¥1,963,657,383.99, up from ¥1,485,823,113.75 in the same period last year, representing a growth of about 32% [30]. Assets and Liabilities - Total assets increased by 37.10% to CNY 4,743,940,779.54 compared to the end of the previous year [6]. - The company's total liabilities amounted to CNY 3,410,899,790.67, resulting in a debt-to-asset ratio of 70.36% [11]. - Total liabilities reached ¥3,337,855,619.63, up from ¥2,157,581,151.08, representing an increase of about 54.61% [24]. - Current liabilities rose to ¥3,281,297,077.07, compared to ¥2,121,402,702.49, marking an increase of about 54.67% [24]. - Non-current assets totaled ¥627,644,422.97, up from ¥382,455,806.72, reflecting a growth of approximately 64.24% [24]. - The company’s total non-current assets reached CNY 2,500,000.00 in available-for-sale financial assets, reflecting a reclassification adjustment under new accounting standards [18]. Cash Flow - The net cash flow from operating activities was negative CNY 474,570,856.20, a decrease of 328.25% compared to the previous year [6]. - The cash inflow from operating activities for the first nine months reached ¥2,561,277,446.32, a significant increase of 70% compared to ¥1,508,430,402.22 in the same period last year [38]. - The total cash outflow from investing activities was ¥141,713,671.41, compared to ¥49,976,346.26 in the previous year, resulting in a net cash flow of -¥108,155,593.15 [39]. - Cash inflow from financing activities totaled ¥1,634,998,153.65, an increase from ¥1,431,294,848.40 in the previous year, with a net cash flow of ¥498,812,481.17 [39]. - The total cash outflow for operating activities was ¥3,035,848,302.52, compared to ¥1,619,245,642.77 in the previous year, reflecting increased operational costs [38]. - The company experienced a net decrease in cash and cash equivalents of -¥83,883,112.21, contrasting with an increase of ¥198,960,919.71 in the previous year [39]. Shareholder Information - The number of shareholders reached 61,355, with the largest shareholder holding 23.75% of the shares [10]. - The company plans to issue 140,515,222 shares at CNY 8.54 per share, aiming to raise up to CNY 1.2 billion, which has been approved by the Zhejiang State-owned Assets Supervision and Administration Commission [15]. Inventory and Production - Inventory increased by 40.64% to CNY 1,949,811,986.46 due to a significant rise in production volume [13]. - The company reported a significant increase in short-term borrowings, totaling CNY 815,500,000.00, which is a 113.23% rise from CNY 382,450,000.00, driven by the need for more working capital due to increased production scale [14]. - The company’s goodwill reached CNY 1,799,586.07, reflecting a 100% increase, mainly due to the capital increase in the subsidiary Feida Sulfur Removal [14]. Profitability Metrics - The weighted average return on equity rose by 1.56 percentage points to 3.56% [6]. - Operating profit for the third quarter was ¥10,162,230.96, compared to ¥8,340,187.83 in the previous year, showing a growth of approximately 22% [32]. - Net profit for the third quarter was ¥16,781,552.68, compared to ¥9,682,107.96 in the previous year, reflecting an increase of approximately 73% [32]. - The company recorded a cash inflow of ¥70,000,000.00 from investment activities, a decrease from the previous year's figure of ¥732,784,848.40 [41].