Chunlan(SH:600854)2014-10-23 16:00Financial Performance - Operating revenue for the first nine months dropped by 49.60% to CNY 390,385,460.63 year-on-year[5] - Net profit attributable to shareholders decreased by 63.72% to CNY 12,296,265.25 for the first nine months[5] - Basic earnings per share decreased by 63.71% to CNY 0.0237[7] - Total operating revenue for Q3 2014 was CNY 93,924,937.41, a decrease from CNY 350,582,278.29 in the same period last year[29] - The company's net profit for the year-to-date period was CNY 74,091,227.54, compared to CNY 10,152,498.35 in the same period last year[26] - The total profit for the first nine months of 2014 was CNY 39,483,327.43, down from CNY 49,011,816.60 in the previous year[34] - The net profit for Q3 2014 was CNY -26,837,130.70, compared to a net profit of CNY 1,932,368.65 in Q3 2013[34] Cash Flow - Net cash flow from operating activities fell by 54.45% to CNY 8,772,353.46 compared to the same period last year[5] - Cash flow from operating activities for the first nine months of 2014 was CNY 8,772,353.46, a decline from CNY 19,259,210.54 in the same period last year[37] - The total cash inflow from operating activities for the first nine months of 2014 was CNY 464,762,741.29, down from CNY 863,042,597.75 in the previous year[36] - The total cash inflow from operating activities was CNY 283,880,195.78, while cash outflow was CNY 295,955,270.70, resulting in a negative cash flow from operations[42] - Cash and cash equivalents decreased by 41.77% to ¥23,542,044.61 from ¥40,429,700.69 due to reduced cash collection and long-term loan repayments[14] - Cash and cash equivalents at the end of the period totaled CNY 21,367,070.35, compared to CNY 15,655,857.50 at the end of the same period last year, reflecting a 36% increase[43] Assets and Liabilities - Total assets decreased by 4.03% to CNY 2,510,561,262.22 compared to the end of the previous year[5] - The company's total assets as of September 30, 2014, were CNY 3,001,938,552.10, an increase from CNY 2,960,278,116.75 at the beginning of the year[26] - Total liabilities were CNY 354,097,723.78, down from CNY 376,376,017.62 at the start of the year[26] - The total non-current assets were CNY 1,715,741,207.53, slightly down from CNY 1,721,866,770.66 at the beginning of the year[25] - The company's long-term equity investments decreased by 3.93% to ¥193,386,786.60 from ¥201,382,790.87[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,069[11] - The largest shareholder, Chunlan Group, holds 25.34% of the shares[11] Operational Metrics - Operating costs decreased by 51.65% to ¥275,918,926.65 from ¥570,625,630.53, reflecting lower sales[14] - The company reported a significant increase in receivable dividends, rising by 89.02% to ¥116,607,424.48 from ¥61,688,892.19, due to unreceived dividends from investee companies[14] - The construction in progress decreased by 92.12% to ¥242,554.45 from ¥3,077,072.39, primarily due to the completion of a propane replacement project[14] - Minority interests decreased by 756.12% to -¥15,226,305.66 from ¥2,320,664.56, mainly due to dividends paid by subsidiaries and losses from investee companies[14] Investment and Financing Activities - The company reported a cash outflow from operating activities of CNY 455,990,387.83 for the first nine months of 2014, compared to CNY 843,783,387.21 in the same period last year[37] - The company received CNY 31,798,670.74 in investment income, which is more than double the CNY 15,130,000.00 received in the same period last year[42] - The company distributed dividends totaling CNY 6,744,301.65, a significant increase from CNY 398,633.06 in the previous year, indicating a shift in dividend policy[43] - The company repaid CNY 10,000,000.00 in debt during the third quarter, reflecting ongoing debt management efforts[42]