SCAC(SH:600618)2014-10-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was -¥89,890,884.14, showing a significant decline from -¥39,767,348.24 in the same period last year[9] - Operating revenue for the first nine months was ¥4,967,483,052.74, a decrease of 1.86% compared to ¥5,061,861,881.10 in the previous year[9] - Basic and diluted earnings per share were both -¥0.0777, compared to -¥0.0344 in the same period last year, indicating a worsening performance[9] - Net profit for the first nine months of 2014 was -¥89.89 million, a decrease of 126.04% compared to -¥39.77 million in the same period of 2013[16] - Operating profit for the first nine months of 2014 was -¥85.61 million, down 31.35% from -¥65.17 million in the previous year[16] - The total profit for the first nine months of 2014 was -¥83.10 million, a significant decline of 192.49% compared to -¥28.41 million in the same period of 2013[16] - The company reported a net loss of approximately CNY 87.95 million for the nine months ended September, compared to a net loss of CNY 47.51 million in the same period last year[36] Cash Flow - Net cash flow from operating activities was ¥53,154,660.62, down 79.87% from ¥264,054,744.62 in the same period last year[9] - Cash inflow from operating activities for the year-to-date (YTD) reached ¥5,513,314,355.06, a decrease of 3.32% compared to ¥5,702,256,963.75 in the previous year[39] - Cash outflow from investing activities totaled ¥334,355,926.53, up from ¥244,642,708.23, indicating an increase of 36.67% year-over-year[40] - Net cash flow from investing activities was -¥318,500,889.73, worsening from -¥230,614,060.87 in the previous year[40] - Cash inflow from financing activities amounted to ¥1,367,190,000.00, an increase of 64.4% compared to ¥831,391,547.64 last year[40] - Net cash flow from financing activities improved to ¥115,334,110.28 from -¥239,952,208.79, marking a significant turnaround[40] Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,075,375,044.52, an increase of 1.38% compared to the end of the previous year[9] - Current assets rose to CNY 1,990,703,160.84, up from CNY 1,793,481,635.59, indicating an increase of about 11.00%[25] - Total liabilities rose to CNY 3,222,199,961.03 from CNY 3,050,965,706.34, reflecting an increase of about 5.62%[26] - Current liabilities increased to CNY 2,162,061,685.48, up from CNY 2,002,239,160.44, indicating a growth of approximately 7.99%[26] - Shareholders' equity decreased to CNY 2,853,175,083.49 from CNY 2,941,615,323.31, a decline of approximately 3.00%[26] Inventory and Receivables - Accounts receivable increased by 35.63% to ¥297.83 million compared to the beginning of the year, primarily due to increased balances from downstream enterprises and export customers[15] - Inventory rose by 49.72% to ¥584.60 million, mainly due to an increase in EDC inventory[15] - Other receivables surged by 7505.63% to ¥112.71 million, mainly due to pending payments for land and equity investments[15] Shareholder Information - The total number of shareholders reached 102,834 at the end of the reporting period[12] - The largest shareholder, Shanghai Huayi (Group) Company, held 50.29% of the shares, totaling 581,592,347 shares[12] Future Outlook - The company plans to implement a shutdown of the PVC facility to reduce losses in the fourth quarter[16] - The company expects a substantial loss in the next reporting period due to asset impairment provisions related to the PVC facility shutdown[16]