EASTCOM(SH:600776)2014-10-28 16:00Financial Performance - Operating revenue for the first nine months was CNY 2,738,827,740.06, representing a growth of 9.30% year-on-year[7] - Net profit attributable to shareholders for the first nine months was CNY 45,171,489.53, a decline of 11.65% compared to the same period last year[7] - The company reported a net profit of CNY 213,197,120.99 for the period, compared to CNY 77,192,866.22 in the previous period, indicating a substantial increase[26] - Net profit for the quarter was ¥35,682,374.39, compared to ¥17,992,174.49 in the previous year, representing a 98% increase[30] - The total revenue for the first nine months of the year was ¥2,738,827,740.06, compared to ¥2,505,790,669.33 in the same period last year, a growth of 9%[29] - The company’s total operating costs for the first nine months were ¥2,695,060,387.14, an increase from ¥2,464,742,072.53, reflecting an 9% rise year-over-year[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,428,951,023.30, a decrease of 0.31% compared to the end of the previous year[7] - Current assets increased to CNY 2,831,259,528.02 from CNY 2,721,766,706.70, reflecting a growth of approximately 4.02%[20] - Total liabilities decreased to CNY 492,690,539.68 from CNY 550,068,447.65, a reduction of about 10.4%[22] - Non-current assets totaled CNY 597,691,495.28, down from CNY 717,998,363.69, reflecting a decline of approximately 16.7%[21] Cash Flow - The net cash flow from operating activities for the first nine months was CNY -403,169,459.09, indicating a worsening cash flow situation[7] - Operating cash inflow for the first nine months was CNY 877,306,875.32, an increase from CNY 779,357,490.20 in the previous year[41] - Total operating cash outflow reached CNY 1,270,963,042.89, compared to CNY 1,030,510,150.46 in the same period last year[41] - Net cash flow from operating activities was CNY -393,656,167.57, worsening from CNY -251,152,660.26 year-on-year[41] - Cash inflow from investment activities totaled CNY 471,081,073.75, slightly up from CNY 436,017,060.76 in the previous year[42] - Cash outflow for investment activities was CNY 162,267,778.18, compared to CNY 438,234,618.86 last year[42] - Net cash flow from investment activities improved to CNY 308,813,295.57 from CNY -2,217,558.10 year-on-year[42] Shareholder Information - The total number of shareholders is 89,399[13] - The largest shareholder, Putian Oriental Communication Group Co., Ltd., holds 602,620,970 shares, representing 47.98% of the total shares[14] Inventory and Receivables - Accounts receivable increased by 139.62%, from 15,673,317.59 to 37,555,908.25, due to sales payments not yet due[15] - Inventory rose by 44.76%, from 518,406,523.25 to 750,463,943.87, attributed to growth in financial and wireless industries[16] - Accounts receivable rose to CNY 726,027,376.10, up from CNY 561,298,381.34, indicating an increase of approximately 29.3%[20] - Inventory increased significantly to CNY 750,463,943.87 from CNY 518,406,523.25, marking a growth of around 44.7%[20] Other Financial Metrics - The weighted average return on net assets decreased by 0.15 percentage points to 3.55%[8] - Basic and diluted earnings per share were both CNY 0.07792394, a decrease of 0.08% compared to the previous year[8] - The company’s total assets impairment loss for the first nine months was ¥5,363,014.19, compared to ¥2,046,381.65 in the previous year[29] - The company reported a total profit of ¥38,631,204.21 for the quarter, compared to ¥19,588,073.38 in the previous year, marking a 97% increase[30] - Investment income for the quarter was ¥11,325,487.40, down from ¥17,003,378.26, indicating a decline of 33% year-over-year[29] Government Support - Government subsidies recognized in the current period amounted to CNY 6,118,955.22, contributing positively to the financial results[10]