n.n.store(SH:600712)2014-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 1,806,146,690.94, a decline of 13.22% year-on-year[8] - Net profit attributable to shareholders decreased by 93.79% to CNY 467,241.69 for the first nine months[8] - Basic earnings per share dropped by 74.68% to CNY 0.0039[9] - Operating profit decreased by 67.91% to CNY 4,701,032.78 from CNY 14,648,266.25, attributed to reduced revenue and a slight decline in gross margin[15] - Net profit for the first nine months of 2014 was CNY 2,120,235.86, down 74.78% from CNY 8,406,755.21 in the previous year[15] - Total operating revenue for Q3 2014 was ¥500,006,907.14, a decrease of 14.3% compared to ¥583,812,002.11 in Q3 2013[32] - The total profit for the first nine months of 2014 was ¥26.60 million, down from ¥31.35 million in the same period last year, reflecting a decline of 15.5%[35] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -266,799,278.18, worsening by 99.53% compared to the same period last year[8] - Cash flow from operating activities showed a net outflow of CNY 266,799,278.18, worsening by 99.53% compared to a net outflow of CNY 133,710,537.42 in the prior period, mainly due to decreased sales[15] - The company's cash flow from operating activities for the first nine months of 2014 was negative at -¥266.80 million, compared to -¥133.71 million in the same period last year[38] - Net cash flow from operating activities was -$277,512,429.37, compared to -$150,555,342.35 in the previous year, indicating a worsening of approximately 84.3%[42] - The ending balance of cash and cash equivalents was $153,697,114.44, down from $231,725,953.92 at the end of the same period last year, representing a decline of approximately 33.6%[43] Assets and Liabilities - Total assets decreased by 9.66% to CNY 1,977,685,356.32 compared to the end of the previous year[8] - Total liabilities decreased to ¥846,351,386.07 from ¥1,064,850,013.94 at the beginning of the year, reflecting a reduction of 20.5%[29] - Cash and cash equivalents decreased by 56.28% to CNY 217,821,599.44 from CNY 498,215,973.83, primarily due to payments made to suppliers[14] - Total liabilities decreased by 38.60% in accounts payable to CNY 271,312,032.70 from CNY 441,850,370.25, as a result of payments to previous suppliers[14] Shareholder Information - The total number of shareholders reached 29,648 by the end of the reporting period[11] - The largest shareholder, Nanning Peining Asset Management Co., Ltd., holds 18.23% of the shares[11] Government Support and Future Plans - The company received government subsidies amounting to CNY 631,000.00 related to modern logistics development[10] - The company plans to continue monitoring market conditions and adjust strategies accordingly to improve performance in the upcoming quarters[16] - The company plans to focus on market expansion and new product development in the upcoming quarters[32] Expenses and Financial Ratios - Financial expenses increased by 46.75% to CNY 9,557,178.52 from CNY 6,512,742.15, due to an increase in short-term borrowing and corresponding interest expenses[15] - The company's gross profit margin for Q3 2014 was approximately 16.1%, down from 13.8% in the previous year[35] - The financial expenses for Q3 2014 increased to ¥2.76 million, compared to ¥1.74 million in the same period last year, indicating rising costs[35] - The company reported a decrease in sales expenses to ¥15.57 million in Q3 2014, down from ¥17.19 million in the same period last year, a reduction of 9.4%[35]