Yuancheng gold(SH:600766)2014-10-29 16:00Financial Performance - Operating revenue for the first nine months increased by 1,676.81%, reaching ¥20,221,366.51 compared to ¥1,138,068.37 in the same period last year[8] - Net profit attributable to shareholders of the listed company for the first nine months was ¥9,869,872.18, a significant increase of 405.98% from a loss of ¥3,225,674.40 in the previous year[8] - The company reported a net profit of ¥13,056,261.61 for the first nine months, compared to a loss of ¥2,666,651.40 in the previous year, marking a 589.61% increase[8] - Total revenue for Q3 2014 reached CNY 5,587,900, a significant increase from CNY 536,194.44 in the same period last year[35] - The net profit for Q3 2014 was CNY 2,718,632, compared to a net loss of CNY 1,430,344.86 in Q3 2013, indicating a turnaround in performance[37] - The total profit for the first nine months of 2014 reached CNY 13,611,215.07, a substantial improvement from a loss of CNY 2,409,050.32 in the same period last year[40] - The company reported a basic earnings per share of CNY 0.01 for Q3 2014, recovering from a loss of CNY 0.0119 per share in Q3 2013[37] Cash Flow - Net cash flow from operating activities surged to ¥8,870,996.25, a remarkable increase of 4,571.33% compared to ¥189,902.97 in the previous year[8] - Cash inflows from operating activities totaled CNY 21,607,850.72 for the first nine months of 2014, compared to CNY 2,904,979.05 in the same period last year[43] - Operating cash inflow for the first nine months of 2014 was CNY 21,735,489.06, compared to CNY 3,802,432.55 in the same period last year[48] - Total cash outflow from operating activities was CNY 10,932,278.82, up from CNY 2,209,885.44 year-on-year[48] - Net cash flow from operating activities for the first nine months was CNY 10,803,210.24, compared to CNY 1,592,547.11 in the previous year[48] - Cash inflow from investment activities was CNY 1,010,942.30, while cash outflow was CNY 10,700,000.00, resulting in a net cash flow of -CNY 9,689,057.70[48] - Cash inflow from financing activities totaled CNY 13,850,000.00, compared to CNY 11,300,000.00 in the previous year[49] - The net cash flow from financing activities was -CNY 1,141,241.83, compared to -CNY 2,775,491.60 in the previous year[49] - The net increase in cash and cash equivalents for the period was -CNY 27,089.29, compared to -CNY 1,204,655.60 last year[49] - The ending balance of cash and cash equivalents was CNY 170,017.14, slightly down from CNY 171,320.68 at the end of the previous year[49] Assets and Liabilities - Total assets decreased by 22.02% from the end of the previous year, amounting to ¥233,879,205.70[8] - The total assets as of September 30, 2014, amounted to CNY 234,299,234.90, down from CNY 250,026,359.90 at the beginning of the year[32] - The total liabilities decreased to CNY 194,244,918.13 from CNY 224,288,524.87 at the start of the year, indicating improved financial stability[32] - The company's equity attributable to shareholders increased to CNY 40,054,316.77 from CNY 25,737,835.03 year-to-date, showing a positive trend in shareholder value[32] - Cash and cash equivalents decreased to CNY 170,017.14 from CNY 197,106.43, indicating a reduction in liquidity[31] - The company's inventory increased to RMB 108,391,774.13 from RMB 56,366,081.01, indicating a significant rise in stock levels[26] - Long-term equity investments rose to RMB 44,263,978.79 from RMB 33,755,314.86, reflecting an increase in investment activities[26] Shareholder Information - The total number of shareholders reached 18,881 by the end of the reporting period[12] - The largest shareholder, Yuancheng Industrial Group Co., Ltd., holds 29.27% of the shares, with 65,640,000 shares, and has pledged 34,200,000 shares[13] - The company has a total of 65,640,000 shares of ordinary stock held by its largest shareholder, Yuancheng Industrial Group[14] Corporate Actions - The company has not disclosed any new product or technology developments in this report[6] - There are no significant mergers or acquisitions reported during this period[6] - The company plans to conduct a major asset restructuring through a non-public stock issuance, with stock trading suspended since September 24, 2014[18] - The company is currently in discussions with various intermediaries for the upcoming asset restructuring, including audit and legal advisors[18] Debt and Financial Obligations - The company has a total outstanding loan of RMB 22,135,541.00 and interest of RMB 34,787,861.97 owed to China Everbright Bank as of September 28, 2014[17] - The company signed a settlement agreement with China Everbright Bank, agreeing to repay RMB 13.2 million by September 30, 2014, to avoid further interest claims[17] - The company has incurred a total of RMB 582,783.36 in interest on the loan from China Everbright Bank since the initial borrowing[15] Financial Indicators - The company has not reported any significant changes in its financial indicators compared to the previous year[19] - Operating costs for Q3 2014 were CNY 2,805,837.75, compared to CNY 2,145,546.28 in Q3 2013, reflecting a rise in operational expenses[35] - The company incurred operating costs of CNY 3,038,760.64 for the first nine months of 2014, reflecting an increase from CNY 39,721.00 in the previous year[40] - The financial expenses for the first nine months of 2014 were CNY 3,293,534.52, slightly down from CNY 3,639,200.18 in the same period last year[40] - The company reported investment losses of CNY -63,430.25 in Q3 2014, an improvement from CNY -173,374.02 in Q3 2013[40] - Deferred tax assets decreased to CNY 2,157,763.47 from CNY 3,220,422.22, reflecting changes in tax positions[31] - The company maintained a non-current liability total of CNY 5,035,773.60, consistent with previous periods, indicating stable long-term obligations[28]