HIGHLY(SH:600619)2014-10-27 16:00Financial Performance - Operating revenue for the first nine months rose by 5.06% to CNY 5,152,692,593.36 year-on-year [6]. - Net profit attributable to shareholders decreased by 4.15% to CNY 67,146,731.16 compared to the same period last year [6]. - The company reported a net profit excluding non-recurring items of CNY 52,741,183.25, an increase of 28.40% year-on-year [6]. - Operating profit increased by 34.11% year-on-year, mainly due to growth in gross profit from main operations [22]. - The company sold 13.49 million air conditioning compressors, a year-on-year increase of 11.12%, with revenue reaching 5.15 billion yuan, up 5.06% [24]. - Net profit for the period was ¥4,561,717.16, a decrease of 61.7% compared to ¥11,910,162.88 in the same period last year [43]. - The company reported a total profit of ¥9,054,438.22 for the period, down from ¥12,977,377.23, indicating a decline of 30.5% year-over-year [43]. - Basic earnings per share for the period were ¥0.002, down from ¥0.016 in the same period last year [43]. - Operating profit for the period was ¥1,526,431.24, significantly lower than ¥8,019,756.05 in the same period last year, marking a decline of 81.0% [43]. - Comprehensive income for the period totaled ¥3,846,061.01, down from ¥12,192,722.57, reflecting a decrease of 68.4% year-over-year [43]. Assets and Liabilities - Total assets increased by 12.23% to CNY 9,118,864,415.09 compared to the end of the previous year [6]. - Total current assets increased to ¥5,415,687,688.72 from ¥4,493,776,190.50, representing a growth of approximately 20.5% [32]. - Total liabilities rose to ¥6,053,925,168.83 from ¥5,059,730,663.13, indicating an increase of about 19.7% [34]. - Total non-current assets amounted to ¥3,703,176,726.37, up from ¥3,631,709,923.68, reflecting a growth of about 2% [33]. - Total equity decreased slightly to ¥3,064,939,246.26 from ¥3,065,755,451.05, a decline of approximately 0.03% [34]. - The company reported a total asset value of ¥9,118,864,415.09, compared to ¥8,125,486,114.18 at the beginning of the year, representing an increase of about 12.2% [34]. Cash Flow - Net cash flow from operating activities increased by 39.48% to CNY 186,259,515.10 year-on-year [6]. - Operating cash flow for the period from January to September was ¥186,259,515.10, an increase of 39.4% compared to ¥133,540,167.34 in the same period last year [49]. - Total cash inflow from operating activities was ¥5,095,279,256.06, down 2.3% from ¥5,214,025,982.66 year-on-year [49]. - Cash outflow from operating activities decreased to ¥4,909,019,740.96, compared to ¥5,080,485,815.32 in the previous year, reflecting a reduction of 3.4% [49]. - Net cash flow from investment activities was -¥165,045,576.27, an improvement from -¥433,319,733.56 in the same period last year [50]. - Cash inflow from financing activities totaled ¥1,716,647,288.29, a decrease of 31.7% from ¥2,515,021,538.43 year-on-year [50]. - The net increase in cash and cash equivalents was ¥199,144,878.68, compared to an increase of ¥136,815,749.16 in the previous year [50]. - The ending balance of cash and cash equivalents was ¥522,236,326.14, up from ¥377,374,874.82 at the end of the same period last year [50]. Shareholder Information - The number of shareholders reached 53,823, with significant holdings by Shanghai Electric Group [10]. - The basic earnings per share remained stable at CNY 0.10 [6]. Government Support - The company received government subsidies totaling CNY 20,164,077.64 during the reporting period [9]. Challenges and Industry Outlook - The company faced challenges in the air conditioning compressor industry due to increased price competition and rising inventory levels [25]. - Future outlook and strategic initiatives were not explicitly mentioned in the provided documents, suggesting a focus on operational efficiency and cost management [41].