SHD(SH:600630)2014-10-30 16:00Financial Performance - Net profit attributable to shareholders increased by 44.91% to CNY 38,873,439.86 for the first nine months of the year[7] - Operating revenue decreased by 5.23% to CNY 2,828,481,037.42 for the first nine months of the year[7] - Net profit for the first nine months of 2014 was CNY 242,299,031.94, an increase from CNY 192,278,494.53 in the same period of 2013[22] - Total profit for the first nine months of 2014 was CNY 61.69 million, a 25.6% increase from CNY 49.11 million in the same period of 2013[29] - Net profit attributable to shareholders for Q3 2014 reached CNY 19.21 million, up 60.1% from CNY 11.97 million in Q3 2013[30] - Basic earnings per share for Q3 2014 were CNY 0.05, compared to CNY 0.03 in the same period last year, reflecting a 66.7% increase[30] Cash Flow - The net cash flow from operating activities improved by 77.56%, reaching CNY -21,064,924.26[7] - Operating cash inflow for the first nine months of 2014 was CNY 4.87 billion, slightly up from CNY 4.73 billion in the same period of 2013[38] - Net cash flow from operating activities for Q3 2014 was CNY 65,118,156.32, compared to a negative cash flow of CNY 35,966,375.58 in the same period last year[43] - Cash inflow from investment activities for the first nine months of 2014 was CNY 370,279,106.59, significantly higher than CNY 28,682,971.74 in the same period last year[44] - Cash flow from financing activities in Q3 2014 resulted in a net outflow of CNY 99,615,792.58, compared to a net inflow of CNY 43,729,805.55 in the same period last year[44] Assets and Liabilities - Total assets increased by 2.46% to CNY 2,592,758,366.43 compared to the end of the previous year[7] - Total current assets as of September 30, 2014, amounted to 2,065,862,051.35 RMB, an increase from 1,979,233,104.93 RMB at the beginning of the year[20] - Current liabilities totaled CNY 691,738,679.97, slightly down from CNY 695,357,946.17 at the start of the year[26] - The company reported a significant decrease of 99.92% in payable taxes, amounting to CNY 27,242.93[14] Shareholder Information - The number of shareholders reached 61,480, with the largest shareholder holding 30.08% of the shares[11] - The company reported a total equity attributable to shareholders of CNY 1,618,318,312.22, an increase from CNY 1,568,225,851.16 year-over-year[22] Inventory and Receivables - Accounts receivable increased by 94.50% to CNY 13,539,398.52 due to an increase in bill settlement methods[14] - Inventory increased by 36.06% to CNY 906,311,438.46 due to the stocking of autumn and winter products[14] - The accounts receivable decreased to 260,529,742.50 RMB from 294,855,666.71 RMB, indicating improved collection efforts[20] - Inventory levels decreased to CNY 30,589,034.50 from CNY 36,507,041.22, a reduction of 16.3%[25] Investment and Financial Management - The net cash flow from investing activities increased significantly to 77,331,433.86 RMB, representing a 1,135.89% increase year-on-year[15] - Investment income for the first nine months of 2014 was CNY 66.64 million, significantly higher than CNY 30.78 million in the same period last year[33] - The company received CNY 305,000,000.00 from investment recoveries in the first nine months of 2014, compared to no recoveries in the same period last year[43] Operational Efficiency - The company reported a decrease in operating costs to CNY 552.35 million in Q3 2014 from CNY 533.87 million in Q3 2013, indicating improved cost management[33] - The financial expenses for Q3 2014 were CNY 4.89 million, a decrease from CNY 3.65 million in Q3 2013, reflecting improved financial efficiency[29] Future Outlook - The company’s management indicated plans for market expansion and new product development in the upcoming quarters[29]