CETC Chips(SH:600877)2014-11-05 16:00Financial Performance - Net profit attributable to shareholders was CNY 19,472,061.92, a significant recovery from a loss of CNY 168,785,511.30 in the same period last year[6] - Operating revenue for the period was CNY 1,051,483,705.61, down 12.14% year-on-year[6] - The weighted average return on equity improved to -34.77% from -49.74% year-on-year[6] - Basic and diluted earnings per share were CNY 0.0283, recovering from a loss of CNY 0.2456 per share in the same period last year[6] - Total profit improved by CNY 189,931,398.48, resulting in a profit of CNY 19,558,007.85 compared to a loss of CNY 170,373,390.63 in the previous period[16] - Net profit for Q3 2014 was CNY 47,042,372.59, compared to a net loss of CNY 34,709,058.18 in Q3 2013[39] - Net profit for the period was CNY 50,619,139.83, compared to a net loss of CNY 24,534,366.23 in the same period last year[41] - The total comprehensive income for the period was CNY 50,619,139.83, compared to a total comprehensive loss of CNY 137,228,560.60 in the same period last year[41] Assets and Liabilities - Total assets decreased by 12.97% to CNY 2,342,435,540.27 compared to the end of the previous year[6] - The total assets as of September 30, 2014, amounted to CNY 2,342,435,540.27, a decrease from CNY 2,691,430,819.23 at the beginning of the year[30] - The company's total liabilities were CNY 2,157,065,288.07, down from CNY 2,522,122,548.55[30] - The total equity attributable to shareholders was CNY 199,673,289.91, an increase from CNY 183,708,577.61[31] - The total current assets decreased to CNY 1,173,565,514.51 from CNY 1,504,070,010.73[29] - The total non-current assets were CNY 1,168,870,025.76, a decrease from CNY 1,187,360,808.50[30] Cash Flow - The net cash flow from operating activities improved to CNY -83,300,811.76, compared to CNY -187,522,893.61 in the same period last year[6] - Cash and cash equivalents at the end of the period were CNY 416,874,690.00, down from CNY 539,092,522.63 at the beginning of the year[28] - Total cash inflow from financing activities was CNY 1,537,315,677.93, down from CNY 1,746,688,788.44 in the previous year[45] - The company reported a total cash outflow from operating activities of $1,431,110,259.01, which is slightly higher than $1,419,799,682.73 in the previous quarter[48] Receivables and Payables - Accounts receivable increased by 145.76% to CNY 210,549,624.48 from CNY 85,673,932.96[15] - Other receivables rose by 120.44% to CNY 175,481,040.10 from CNY 79,605,311.02[15] - Other payables decreased by 44.49% to CNY 165,102,700.09 from CNY 297,412,953.58[15] - The company confirmed an increase in asset impairment losses due to a rise in accounts receivable, impacting the provision for bad debts[17] Shareholder Information - The total number of shareholders at the end of the reporting period was 75,843[11] - The largest shareholder, China South Industries Group Corporation, held 22.34% of the shares[11] Non-Recurring Items - The company reported a total of CNY 92,432,266.82 in non-recurring gains and losses for the period[10] - The company disposed of non-current assets, generating a profit of CNY 92,478,742.72 during the reporting period[9] - The company recognized a profit of CNY 94,250,000 from the transfer of the Jialing Building asset[20] - The company received CNY 30,050,000 from the land transfer payment, with an outstanding balance of CNY 12,827,000[18] Inventory and Investment - The company’s inventory increased to CNY 84,481,832.57 from CNY 60,948,390.60, representing a rise of 38.7%[34] - Investment income increased by 110.26% to CNY 57,968,770.63 from CNY 27,569,515.60[16] - Investment income for Q3 2014 was CNY 2,911,600.27, down 67.6% from CNY 8,991,929.23 in Q3 2013[38] - The company's long-term equity investments were valued at CNY 267,791,068.04, up from CNY 242,831,720.56[29]