SCSF(SH:600779)2014-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 278,259,884.19, a decline of 43.09% year-on-year[8] - Net profit attributable to shareholders was CNY -139,910,171.35, representing a decrease of 504.37% compared to the same period last year[8] - Basic and diluted earnings per share were both CNY -0.286, a decrease of 502.82% year-on-year[9] - The company expects to incur a cumulative net loss for the year due to ongoing adjustments in marketing networks and product lines[23] - Total operating revenue for Q3 2014 was ¥136,398,025.73, a significant increase from ¥77,586,964.57 in Q3 2013, representing a growth of 75.6%[40] - Net profit for Q3 2014 was a loss of ¥18,229,212.76, compared to a loss of ¥99,435,622.66 in Q3 2013, showing an improvement of 81.7%[41] - The company reported a total profit loss of ¥16,647,043.42 for Q3 2014, an improvement from a loss of ¥114,808,188.07 in Q3 2013[41] Assets and Liabilities - Total assets decreased by 8.83% to CNY 1,879,546,287.23 compared to the end of the previous year[8] - Current assets totaled RMB 1,037,382,619.38, down from RMB 1,222,554,130.26 at the start of the year, indicating a decline of approximately 15.1%[30] - Total liabilities decreased to RMB 395,049,014.79 from RMB 429,427,002.48, reflecting a reduction of approximately 8.0%[32] - The equity attributable to the parent company was RMB 1,484,497,272.44, down from RMB 1,624,407,443.79, indicating a decrease of about 8.6%[32] - The total assets as of the end of Q3 2014 were ¥1,628,526,423.42, compared to ¥1,686,832,383.66 at the end of Q3 2013, a decrease of 3.4%[40] - Total liabilities as of the end of Q3 2014 amounted to ¥75,551,354.22, down from ¥96,662,047.32 at the end of Q3 2013, a reduction of 21.8%[40] - Shareholders' equity totaled ¥1,552,975,069.20 at the end of Q3 2014, compared to ¥1,590,170,336.34 at the end of Q3 2013, a decrease of 2.3%[40] Cash Flow - The company reported a net cash flow from operating activities of CNY -90,875,920.18, an improvement from CNY -389,343,962.81 in the same period last year[8] - Cash inflow from operating activities for the first nine months of 2014 was 318,498,076.19 RMB, down from 370,872,252.93 RMB year-on-year, representing a decrease of approximately 14.1%[46] - The net cash flow from operating activities was -90,875,920.18 RMB, an improvement from -389,343,962.81 RMB in the previous year[46] - Cash outflow from investing activities totaled 30,577,617.43 RMB, compared to 94,666,760.19 RMB in the same period last year, indicating a reduction of approximately 67.7%[47] - Cash inflow from financing activities was 2,000,000.00 RMB, down from 453,250,124.54 RMB year-on-year[48] - The ending cash and cash equivalents balance was 112,811,685.92 RMB, down from 300,887,969.15 RMB year-on-year, reflecting a decrease of approximately 62.5%[49] Shareholder Information - The total number of shareholders reached 62,789 by the end of the reporting period[11] - The largest shareholder, Sichuan Chengdu Water Well Group Co., Ltd., held 39.71% of the shares[11] Government and Regulatory Matters - The company received government subsidies amounting to CNY 5,380,496.92 during the reporting period[10] - The company received a closure notice from the China Securities Regulatory Commission, indicating no administrative penalties will be imposed[17] Operational Adjustments - The company has paused the construction of a new product development base and technology transformation project due to significant changes in macroeconomic conditions[16] - The company plans to restore a positive development trend after completing adjustments to its operational platform[23] Accounting Standards - The implementation of the revised Accounting Standards No. 2 for Long-term Equity Investments had no impact on the company's 2013 operating results and cash flows[24] - The company continues to comply with the new accounting standards without requiring retrospective adjustments, ensuring transparency in financial reporting[24]