FACS(SH:600651)2014-10-30 16:00Financial Performance - Operating revenue for the first nine months reached CNY 1,588,944,865.86, a growth of 3.07% year-on-year[8] - Net profit attributable to shareholders decreased by 27.19% to CNY 26,807,742.28 for the first nine months[8] - Basic and diluted earnings per share fell by 28.00% to CNY 0.036[9] - The weighted average return on equity decreased by 0.912 percentage points to 2.257%[9] - The company reported a net profit margin of approximately 2.4% for the year-to-date period, compared to 1.8% in the same period last year[34] - The total profit for the first nine months of 2014 was ¥-25,694,335.69, down from ¥72,458,685.97 in the same period last year[39] Assets and Liabilities - Total assets increased by 5.53% to CNY 2,571,223,282.99 compared to the end of the previous year[8] - The company's total assets as of September 30, 2014, amounted to ¥2.57 billion, an increase from ¥2.44 billion at the beginning of the year[27] - Current assets totaled ¥1.29 billion, up from ¥1.13 billion at the beginning of the year, driven by increases in accounts receivable and inventory[26] - The company's total liabilities increased significantly, with long-term borrowings reaching RMB 100,000,000.00, marking a 100% increase due to new bank loans[18] - Total liabilities increased to CNY 533,216,145.14 from CNY 467,107,741.06, representing a year-over-year growth of 14.1%[33] - Shareholders' equity decreased to CNY 960,039,731.61 from CNY 997,653,909.95, reflecting a decline of 3.8%[33] Cash Flow - The net cash flow from operating activities improved to -CNY 47,855,758.00, compared to -CNY 107,352,207.78 in the same period last year[8] - Cash flow from operating activities for the first nine months of 2014 was negative at -15,748,680.65 RMB, compared to -17,261,069.86 RMB in the same period last year, indicating a slight improvement[46] - The total cash inflow from operating activities was 41,081,817.11 RMB, down from 68,395,802.15 RMB in the previous year, reflecting a decline in sales performance[46] - Cash and cash equivalents increased to CNY 37,501,378.54 from CNY 22,689,994.10, showing a growth of 65.1%[32] - Cash received from tax refunds increased by 41.60% to RMB 37,091,254.14, mainly due to increased export product tax refunds[19] - Cash inflow from operating activities totaled 41,895,396.15 RMB, down from 69,503,527.95 RMB year-over-year, reflecting a decline in operational performance[46] Investments and Financing - The company received government subsidies amounting to CNY 3,681,397.54, closely related to its normal business operations[11] - The company issued bonds and received cash of ¥400 million, a decrease of 100% compared to the same period last year due to the issuance of medium-term notes in the previous year[20] - Total cash inflow from financing activities was 100,000,000.00 RMB, down from 450,000,000.00 RMB in the previous year, reflecting a decrease in financing activities[48] - The company raised ¥21,353,562.25 from minority shareholders in Q3 2014, compared to ¥7,090,000.00 in the same period last year, indicating increased investment interest[43] - The company received 2,475,793.12 RMB in investment income, a significant drop from 77,068,522.35 RMB in the previous year, indicating challenges in investment returns[47] Operational Costs - Total operating costs for Q3 2014 were CNY 560,884,854.95, up from CNY 519,533,060.44 in the same period last year, reflecting a year-over-year increase of 7.9%[34] - The company incurred operating costs of ¥26,889,174.67 in Q3 2014, down from ¥31,010,651.47 in the same period last year[39] - The company's financial expenses decreased by 30.67% to RMB 24,043,778.85, mainly due to reduced exchange losses[19] Shareholder Information - The total number of shareholders reached 59,184 by the end of the reporting period[14] - The largest shareholder, Shanghai Yidian Electronics, holds 18.79% of the shares[14] Future Plans - The company plans to acquire 100% equity of Beijing Shian Investment Group, with the restructuring plan approved by the shareholders' meeting on August 15, 2014[20] - The company plans to expand its market presence and invest in new product development to drive future growth[34]