JSZY(SH:600770)2014-10-29 16:00Financial Performance - Operating revenue for the first nine months rose by 70.69% to CNY 480,349,248.68 compared to the same period last year[8]. - Net profit attributable to shareholders was CNY 19,499,287.93, a significant recovery from a loss of CNY 131,631,917.91 in the previous year[8]. - Net profit for the third quarter of 2014 was RMB 75,258,815.35, a significant recovery from a net loss of RMB 150,005,316.51 in the previous year, attributed to higher operating revenue and investment income[15]. - Net profit for the first nine months of 2014 was ¥75,258,815.35, compared to a net loss of ¥150,005,316.51 in the same period of 2013[35]. - The company reported a comprehensive loss of ¥28,473,390.48 for Q3 2014, an improvement from a loss of ¥70,152,249.69 in the same quarter last year[35]. Asset and Equity Growth - Total assets increased by 21.28% to CNY 6,159,341,613.54 compared to the end of the previous year[8]. - Net assets attributable to shareholders increased by 45.56% to CNY 3,455,281,520.55 compared to the end of the previous year[8]. - The total assets of Jiangsu Zongyi Co., Ltd. as of September 30, 2014, amounted to CNY 6,159,341,613.54, an increase from CNY 5,078,726,939.61 at the beginning of the year, reflecting a growth of approximately 21.4%[26]. - The equity attributable to the parent company increased to CNY 3,455,281,520.55 from CNY 2,373,826,696.83, marking a growth of approximately 45.5%[27]. - The company's total assets increased to ¥3,970,095,109.11 from ¥3,211,911,479.71 at the beginning of the year, reflecting a growth of 23.6%[31]. Cash Flow and Financing Activities - The net cash flow from operating activities decreased by 79.04% to CNY 37,159,335.75 compared to the same period last year[8]. - The net cash flow from financing activities was RMB 747,752,875.98, reflecting the cash received from the new share issuance[15]. - Cash flow from financing activities showed a net inflow of CNY 747,752,875.98, a significant recovery from a net outflow of CNY 120,363,810.02 in the previous year[42]. - The net cash flow from financing activities was 762,464,100.07, compared to 81,461,064.03 in the same period last year, indicating a robust financing position[47]. - Cash inflow from financing activities amounted to 1,366,618,000.00, significantly higher than 420,000,000.00 in the previous year, showcasing strong capital raising efforts[47]. Investment and Acquisitions - The company has engaged in mergers and acquisitions, impacting its financial position positively[13]. - The company completed the acquisition of four lottery companies, resulting in goodwill of RMB 280,052,902.08, reflecting a 27,683.03% increase from the beginning of the year[14]. - The company is in the process of acquiring additional technology firms, with relevant agreements signed and some payments made[16]. - Investment income rose by 155.40% to RMB 129,285,738.42, primarily due to increased returns from subsidiary Jiangsu Gaotou's investments[14]. Liabilities and Expenses - Total liabilities decreased to CNY 1,687,790,267.89 from CNY 1,796,091,481.18, showing a reduction of about 6.1%[27]. - Short-term borrowings decreased by 59.14% to RMB 248,301,500.00, as the company repaid part of its bank loans[14]. - Sales expenses increased by 91.52% to RMB 12,849,640.80, mainly due to the sales costs of newly acquired companies[14]. - Management expenses increased to CNY 17,083,826.23 for the first nine months, compared to CNY 16,862,484.69 in the previous year[38]. Accounts Receivable and Cash Management - Accounts receivable rose by 131.31% to CNY 323,019,691.50, attributed to increased operating revenue[13]. - The company's cash and cash equivalents reached CNY 1,132,540,091.84, up from CNY 787,389,199.39 at the beginning of the year, indicating a growth of about 43.8%[25]. - The ending balance of cash and cash equivalents increased to 480,644,434.12, up from 231,441,632.10 in the previous year, reflecting improved liquidity[47]. - Cash paid for purchasing goods and services decreased to 17,839,337.69 from 21,415,691.43, suggesting improved cost management[46].