NCFC(SH:600889)2014-10-29 16:00Financial Performance - Operating revenue increased by 74.72% to CNY 1,492,181,663.80 for the period from January to September[8] - Net profit attributable to shareholders of the listed company was CNY -2,068,500.06, a decrease of 533.34% year-on-year[8] - Basic and diluted earnings per share were both CNY -0.005, a decrease of 600.00% compared to the previous year[9] - The company reported a net loss of CNY -719,801.76 after tax adjustments[13] - The company reported a net profit margin improvement, with retained earnings increasing from ¥269,268,684.52 to ¥267,744,907.20, indicating a focus on profitability despite revenue fluctuations[26] - Net profit for Q3 2014 was CNY 4,717,010.24, compared to a net loss of CNY 12,160,614.93 in the previous year[34] - Total profit for Q3 2014 was CNY 13,106,859.94, a significant improvement from a loss of CNY 12,160,614.93 in the previous year[34] - The total profit for the first nine months of 2014 was CNY 135,360,578.84, compared to CNY 30,614,823.92 in the previous year[38] Cash Flow - Net cash flow from operating activities decreased by 44.92% to CNY 135,941,544.22 compared to the same period last year[8] - The total cash flow from operating activities for the first nine months of 2014 was CNY 933,185,027.24, down from CNY 963,809,266.34 in the previous year[40] - Operating cash inflow for Q3 2014 was approximately ¥1,002,477,805.40, a decrease from ¥1,155,002,568.53 in the previous year, reflecting a decline of about 13.2%[41] - Net cash flow from operating activities for the year-to-date was ¥135,941,544.22, compared to ¥246,825,830.41 in the same period last year, representing a decline of about 44.9%[41] - Cash inflow from operating activities for the year-to-date was ¥186,458,944.96, slightly up from ¥182,768,390.23, showing a growth of about 3.7%[44] Assets and Liabilities - Total assets decreased by 18.04% to CNY 2,876,947,890.15 compared to the end of the previous year[8] - The company's total assets decreased by 62.94% in cash and cash equivalents, dropping to CNY 111,833,132.23 from CNY 301,741,985.02[16] - Accounts receivable increased significantly by 389.93%, reaching CNY 64,887,494.39 compared to CNY 13,244,210.70 at the beginning of the period[16] - The company reported a 35.34% decrease in inventory, which fell to CNY 886,196,460.99 from CNY 1,370,531,560.45, primarily due to real estate sales[17] - Current liabilities decreased from ¥2,116,415,968.86 at the beginning of the year to ¥1,579,271,969.64 by the end of Q3 2014, a reduction of about 25.4%[26] - Total liabilities also decreased from ¥2,403,713,407.60 to ¥1,822,161,296.74, reflecting a decline of approximately 24.1%[26] - The company's total equity decreased from ¥1,106,335,445.08 at the beginning of the year to ¥1,054,786,593.41 by the end of Q3 2014, a decline of approximately 4.7%[26] Shareholder Information - The total number of shareholders reached 27,781 by the end of the reporting period[14] - The largest shareholder, Nanjing New Industry Investment Group Co., Ltd., holds 33.02% of the shares[14] - The company’s controlling shareholder changed from Nanjing Light Textile Industry Group Co., Ltd. to Nanjing New Industry Investment Group Co., Ltd., holding 33.02% of the total shares[19] Operating Costs - The company’s operating costs increased by 78.16% to CNY 1,295,835,992.69, up from CNY 727,362,262.65 in the previous year[18] - Operating costs for Q3 2014 were CNY 40,516,609.87, down from CNY 85,589,330.14 year-over-year[37] - The company reported a decrease in management expenses to CNY 19,725,224.57 from CNY 22,835,867.97 year-over-year[37] - Financial expenses increased to CNY 9,774,895.17 in Q3 2014, compared to CNY 6,089,767.20 in the same period last year[37] Investment Activities - The company plans to transfer 70% equity of Nanjing Jinling Real Estate Development Co., Ltd. through public listing, with a reference price of CNY 84,223.11 million[20] - The company experienced an investment loss of CNY -2,256,748.57 in Q3 2014, compared to a loss of CNY -9,926,852.67 in the same period last year[38] - The company reported a net cash flow from investment activities of ¥131,722,179.38, compared to -¥2,640,000.00 in the previous year, indicating a significant improvement[46]