HSGC(SH:600774)2014-10-24 16:00Financial Performance - Operating revenue for the first nine months decreased by 8.53% to CNY 669,564,035.38 compared to the same period last year[7] - Net profit attributable to shareholders decreased by 160.57% to a loss of CNY 849,392.31 compared to a profit of CNY 1,402,366.68 in the same period last year[7] - Net profit for the first nine months of 2023 was approximately ¥8.21 million, down 26.43% from ¥11.18 million in the same period last year[26] - The company reported a total profit of approximately ¥11.14 million for the first nine months, down 26.73% from ¥15.25 million in the same period last year[26] - Total revenue for Q3 2014 was ¥186,643,491.79, down 11.7% from ¥211,315,449.43 in Q3 2013[22] - The company incurred a total loss of ¥2,912,772.41 for the first nine months of 2014, compared to a loss of ¥5,109,396.66 in the same period of 2013[23] - Operating revenue for Q3 2023 was approximately ¥170.29 million, a decrease of 13.66% compared to ¥197.23 million in Q3 2022[26] Cash Flow - Net cash flow from operating activities decreased by 27.70% to CNY 21,728,551.27 compared to the same period last year[7] - Cash flow from operating activities for the first nine months of 2023 was approximately ¥21.73 million, a decline of 27.73% compared to ¥30.05 million in the previous year[29] - Total cash inflow from operating activities was approximately ¥770.44 million, down 8.56% from ¥842.59 million in the same period last year[29] - Cash outflow from operating activities totaled approximately ¥748.71 million, a decrease of 7.85% compared to ¥812.53 million in the previous year[29] - Cash flow from investing activities showed a net outflow of approximately ¥27.43 million, slightly worse than the outflow of ¥27.13 million in the previous year[30] - Cash flow from financing activities resulted in a net outflow of approximately ¥20.95 million, compared to a smaller outflow of ¥0.11 million in the same period last year[30] Assets and Liabilities - Total assets decreased by 2.57% to CNY 1,626,573,018.38 compared to the end of the previous year[7] - Total assets as of September 30, 2014, amounted to CNY 1,626,573,018.38, a decrease from CNY 1,669,412,371.42 at the beginning of the year[17] - Total assets decreased from ¥986,889,379.73 to ¥958,409,408.04, a decline of approximately 2.5%[20] - Total liabilities decreased from ¥400,817,604.86 to ¥364,130,213.23, a reduction of about 9.2%[20] Shareholder Information - The number of shareholders reached 10,462 by the end of the reporting period[9] Investment and Expenses - The company’s construction in progress increased by 160.22% to CNY 36,740,519.49 compared to the beginning of the year[11] - Long-term deferred expenses increased by 402.78% to CNY 845,882.37 compared to the beginning of the year[11] - Investment income significantly decreased by 202.45% compared to the previous period, attributed to losses from associated companies[14] - Non-operating income increased by 455.40% compared to the previous period, mainly due to compensation of CNY 2,000,000 recognized from urban rail transit construction[14] - Non-operating expenses decreased by 75.58% compared to the previous period, primarily due to reduced sponsorship and poverty alleviation expenditures[14] Cash Management - Cash received from operating activities decreased by 35.30% compared to the previous period, mainly due to reduced receivables from other units[14] - Cash received from investment activities increased by 284.94% compared to the previous period, primarily due to investments in short-term financial products[14] - Cash recovered from the disposal of fixed, intangible, and other long-term assets increased by 2694.29% compared to the previous period, mainly from asset disposals[14] - Cash received from borrowings increased by 110.64% compared to the previous period, reflecting an increase in borrowings[14] - Cash paid for debt repayment decreased by 297.60% compared to the previous period, due to the repayment of bank loans in the previous period[14] - The ending cash and cash equivalents balance was approximately ¥61.07 million, down from ¥76.70 million at the end of the previous year[30] - Cash outflow for debt repayment was $103.14 million, an increase from $25.94 million year-over-year[34] - The net increase in cash and cash equivalents was -$25.83 million, contrasting with an increase of $24.57 million in the prior year[34] - The ending balance of cash and cash equivalents was $40.96 million, down from $57.67 million year-over-year[34]