SG(SH:600734)2014-10-30 16:00Financial Performance - Operating revenue decreased by 55.20% to CNY 13,629,709.16 for the first nine months compared to the same period last year[8] - Net profit attributable to shareholders decreased by 7.86% to CNY -44,428,188.02 compared to the same period last year[9] - The net profit attributable to the parent company was -35,688,932.19 RMB, indicating a loss compared to -26,734,130.21 RMB in the same period last year, reflecting a decline of 33.50%[15] - The net loss for the period was CNY 11,156,012.93, compared to a net loss of CNY 4,317,206.98 in the same period last year[32] - The net profit for Q3 2014 was -22,539,031.07 RMB, a significant decline compared to -13,166,768.72 RMB in the same period last year, representing a year-over-year increase in net loss of approximately 71.5%[35] - The total profit for Q3 2014 was -22,537,934.44 RMB, compared to -13,128,884.48 RMB in Q3 2013, indicating a year-over-year increase in total loss of about 71.5%[35] - Basic and diluted earnings per share decreased by 33.55% to CNY -0.1015[9] - Basic and diluted earnings per share for Q3 2014 were both -0.0363 RMB, worsening from -0.0198 RMB in Q3 2013[35] Cash Flow - Cash flow from operating activities showed a significant decline of 2,257.31% to CNY -146,515,390.90 for the first nine months[8] - The net cash flow from operating activities was -146,515,390.90 RMB, significantly worse than -6,215,373.35 RMB in the previous year, indicating a substantial increase in cash outflow[15] - The net cash flow from operating activities was -146,515,390.90 RMB, a significant decrease compared to -6,215,373.35 RMB in the previous period, indicating a decline in operational efficiency[42] - Total cash outflow from operating activities was 310,146,610.58 RMB, compared to 201,597,746.36 RMB previously, showing increased operational costs[42] - The cash flow from operating activities generated a net amount of 14,622,555.97 RMB for the first nine months, contrasting with -6,145,184.15 RMB in the previous period, suggesting a recovery in operational performance[47] Assets and Liabilities - Total assets increased by 18.63% to CNY 1,425,308,738.63 compared to the end of the previous year[8] - The company’s total current assets increased to 1,275,295,447.93 RMB from 1,056,970,701.07 RMB at the beginning of the year, showing a growth of approximately 20.7%[24] - Total liabilities rose to CNY 1,315,378,908.97, up from CNY 1,018,966,932.17, indicating a 29.1% increase[26] - The company's equity decreased to CNY 109,929,829.66 from CNY 182,524,041.93, a decline of 39.7%[26] - Long-term borrowings increased by 183.50% to CNY 567,000,000.00, indicating increased financing from financial institutions[14] - Long-term borrowings increased to CNY 567,000,000.00 from CNY 200,000,000.00, reflecting a 183.5% rise[26] Expenses - The financial expenses increased by 198.75% to 45,141,897.37 RMB, primarily due to higher financing costs[15] - The management expenses for Q3 2014 were 3,262,101.55 RMB, down from 4,075,087.11 RMB in Q3 2013, indicating a decrease of approximately 19.9%[38] - The financial expenses for Q3 2014 were 1,675.51 RMB, compared to 402.59 RMB in Q3 2013, reflecting an increase of about 316.5%[38] - The company reported a significant increase in sales expenses, which rose by 85.48% to 8,755,238.98 RMB, attributed to increased advertising costs[15] Investments - The company plans to raise approximately 564.5 million RMB through a non-public offering of 132,201,405 shares to acquire 100% equity of a mining asset in Guizhou Province[15] - The cash inflow from investment activities was 8,000.00 RMB, while cash outflow was 10,649,140.00 RMB, leading to a net cash flow of -10,641,140.00 RMB[43] - The company reported a net cash flow from investment activities of -9,959,645.55 RMB for the first nine months, compared to -6,745,566.92 RMB previously, indicating increased investment expenditures[47] Shareholder Information - The total number of shareholders reached 32,957, with the top ten shareholders holding a significant portion of shares[11]