SOPO(SH:600746)2015-10-30 16:00Financial Performance - Operating income for the first nine months decreased by 15.79% to CNY 423,412,242.07 compared to the same period last year[6] - Net profit attributable to shareholders was a loss of CNY 21,299,156.89, a decrease of 307.8% compared to a profit of CNY 10,249,641.60 in the same period last year[6] - Operating revenue for the first three quarters of 2015 was CNY 423,412,242.07, a decrease of 15.7% compared to CNY 502,826,492.94 in the same period last year[21] - The net profit for the third quarter was a loss of CNY 9,635,454.03, compared to a profit of CNY 268,096.25 in the same quarter last year, representing a significant decline[22] - The total profit for the first three quarters was a loss of CNY 26,539,194.54, compared to a profit of CNY 13,816,634.00 in the previous year[22] Assets and Liabilities - Total assets decreased by 5.59% to CNY 527,837,357.40 compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 4.8% to CNY 416,462,041.64 compared to the end of the previous year[6] - Accounts receivable increased by 64.55% compared to the beginning of the period, due to received notes that have not been paid[13] - Accounts payable decreased by 44.38% compared to the beginning of the period, due to a reduction in bank acceptance bills issued by the company[13] - Long-term prepaid expenses increased by 824.5% compared to the beginning of the period, attributed to new ion membrane prepaid expenses[13] - Deferred tax assets increased by 34.71% compared to the beginning of the period, mainly due to an increase in losses that can be offset in future years[13] - Unappropriated profits decreased by 65.74% compared to the beginning of the period, due to losses incurred this year[13] Cash Flow - Net cash flow from operating activities decreased by 76.79% to CNY 7,186,946.81 compared to the same period last year[6] - The company reported a net cash flow from operating activities of CNY 7,186,946.81, down 76.8% from CNY 30,959,475.10 in the same period last year[24] - The company experienced a net cash outflow from financing activities of CNY -55,653,181.90, indicating a significant cash drain compared to the previous year[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,683[11] - The largest shareholder, Jiangsu Sop Group Co., Ltd., held 54.81% of the shares, with 167,954,942 shares pledged[11] Expenses and Financial Metrics - Tax expenses decreased by 39.12% compared to the same period last year, primarily due to a significant drop in product prices leading to losses[12] - The company reported a significant decline in non-operating income, with a total of CNY 202,876.99 for the period[10] - Financial expenses decreased by 123.78% compared to the same period last year, mainly because the company had bank loans last year but none this year[13] - Operating tax and additional expenses decreased by 36.65% compared to the same period last year, mainly due to a larger decline in product prices than in raw material prices, along with a reduction in value-added tax[13] - Sales expenses for the first three quarters were CNY 9,510,516.10, a decrease of 14.5% compared to CNY 11,125,341.16 in the previous year[21] - The company incurred a financial expense of CNY -402,168.40, contrasting with a financial income of CNY 1,691,421.19 in the same period last year[21] Earnings Per Share - Basic and diluted earnings per share were both CNY -0.0695, a decrease of 307.8% compared to CNY 0.0334 in the same period last year[7] - The basic earnings per share for the third quarter was -0.0314, compared to 0.0009 in the same quarter last year[23] Operating Costs - The company reported a decrease in operating costs to CNY 431,245,433.56 from CNY 450,154,818.87 in the previous year, reflecting a reduction of 4.2%[21]