SOPO(SH:600746)2014-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 502,826,492.94, a decline of 9.6% year-on-year[7] - Net profit attributable to shareholders decreased by 39.2% to CNY 10,249,641.60 for the first nine months[7] - Basic and diluted earnings per share both fell by 39.2% to CNY 0.0334[8] - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of CNY 10,629,414.71, down 38.66% year-on-year[7] - Net profit decreased by 39.2% to ¥10,249,641.60, primarily due to a decline in the selling price of main products and reduced gross margin[15] - Operating profit fell by 37.2% to ¥14,322,998.15, attributed to lower product prices and gross margin[15] - The company anticipates a significant decline in cumulative net profit compared to the previous year due to a substantial drop in sales prices and gross margins of main products[18] - The company's operating revenue for the third quarter was CNY 155,167,936.37, a decrease of 14.93% compared to CNY 182,460,805.79 in the same period last year[26] - The net profit for the third quarter was CNY 268,096.25, down from CNY 10,598,340.80 in the previous year, indicating a significant decline[27] - The company reported a total comprehensive income of CNY 297,496.25 for the third quarter, a significant decrease from CNY 10,611,465.80 in the previous year[27] Assets and Liabilities - Total assets decreased by 8.77% to CNY 569,339,842.59 compared to the end of the previous year[7] - Total liabilities decreased significantly, with accounts payable down by 85.91% to ¥704,576.00, indicating reduced issuance of notes[15] - The company's total liabilities decreased from CNY 188,629,564.15 to CNY 131,089,302.74, a reduction of about 30.49%[24] - Cash and cash equivalents decreased by 56.38% to ¥21,450,040.7 due to repayment of bank loans[15] - The company's inventory increased from CNY 24,367,316.57 at the beginning of the year to CNY 30,121,420.94, an increase of approximately 23.5%[24] - The total owner's equity rose slightly from CNY 435,475,084.77 to CNY 438,250,539.85, an increase of about 0.63%[25] Cash Flow - Net cash flow from operating activities increased by 8.74% to CNY 30,959,475.10 for the first nine months[7] - Cash flow from operating activities for the first nine months was CNY 460,484,983.88, down from CNY 522,711,676.84 in the previous year, representing a decline of 11.93%[29] - Operating cash flow for the current period was $30,959,475.10, compared to $28,469,816.67 in the previous period, indicating an increase[30] - Cash inflow from investment activities totaled $26,600.00, while cash outflow was $37,793.80, resulting in a net cash flow from investment activities of -$11,193.80[30] - Cash inflow from financing activities was $10,000,000.00, down from $63,000,000.00 in the previous period, leading to a net cash flow from financing activities of -$55,653,181.90[30] - The net increase in cash and cash equivalents was -$24,722,719.06, compared to -$18,077,605.83 in the previous period[31] - The ending balance of cash and cash equivalents was $21,050,040.70, up from $12,359,998.68 in the previous period[31] Shareholder Information - The total number of shareholders reached 18,925 by the end of the reporting period[12] - The largest shareholder, Jiangsu Sop Chemical Group Co., Ltd., holds 57.01% of the shares[12] - The company has committed to not transferring non-tradable shares held by Jiangsu Sop Group for three years from the implementation of the reform plan[17] Accounting and Standards - The implementation of new accounting standards did not impact the company's operating results or cash flow for the year 2013[19] - The weighted average return on net assets decreased by 1.728 percentage points to 2.326%[8] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[6] - Financial expenses decreased by 66.3% to ¥1,691,421.19, resulting from reduced bank loans[15] - The company's financial expenses decreased significantly from CNY 1,765,314.02 to CNY 168,312.02, a reduction of approximately 90.48%[26] - Basic earnings per share for the third quarter was CNY 0.0009, down from CNY 0.0346 in the same period last year[27]