XIAC(SH:600897)2014-10-30 16:00Financial Performance - Net profit attributable to shareholders increased by 10.15% to CNY 361,505,929.18 for the period from January to September[6] - Operating revenue for the first nine months rose by 8.44% to CNY 1,016,434,502.95 compared to the same period last year[6] - The company's net profit for the year is not expected to incur significant changes compared to the previous year[16] - Total operating revenue for Q3 2014 was CNY 342,955,734.99, an increase of 2.1% compared to CNY 333,570,166.20 in Q3 2013[29] - Net profit for Q3 2014 was CNY 128,662,916.27, slightly up from CNY 127,385,159.81 in Q3 2013, indicating a growth of 1.0%[31] - Total revenue for Q3 2014 reached ¥149.14 billion, a slight increase from ¥148.95 billion in the previous year[34] - Net profit for Q3 2014 was ¥111.61 billion, compared to ¥108.55 billion in Q3 2013, reflecting a year-over-year growth of approximately 1.0%[34] Cash Flow - Net cash flow from operating activities increased by 27.45% to CNY 474,514,391.67 year-to-date[6] - Cash received from operating activities increased by 81.05% to ¥81,690,166.02 compared to ¥45,118,992.81 in the same period last year[14] - Cash paid for operating activities rose by 53.19% to ¥56,766,877.26 from ¥37,055,404.47 year-on-year[14] - Cash flow from operating activities for the first nine months of 2014 was ¥1.12 billion, an increase of 17.8% from ¥950.93 million in the previous year[36] - Total cash inflow from operating activities for the first nine months of 2014 was ¥872.35 million, up from ¥713.14 million in the same period last year[42] Assets and Liabilities - Total assets increased by 8.56% to CNY 3,332,671,066.31 compared to the end of the previous year[6] - Non-current assets totaled ¥1,607,892,999.49, slightly up from ¥1,599,024,945.80 at the beginning of the year[21] - Total assets as of Q3 2014 amounted to CNY 2,867,014,881.35, up from CNY 2,654,143,501.96 in the previous year, marking a growth of 8.0%[26] - Total liabilities for Q3 2014 were CNY 340,076,572.37, an increase from CNY 305,658,818.83 in Q3 2013, representing a rise of 11.2%[26] - Shareholders' equity totaled CNY 2,526,938,308.98 in Q3 2014, compared to CNY 2,348,484,683.13 in Q3 2013, indicating an increase of 7.6%[26] Investment and Income - Investment income increased due to higher returns from financial products[13] - The company reported an increase in other operating income due to government subsidies received during the reporting period[13] - The company reported a total investment income of CNY 3,637,101.06 for Q3 2014, down from CNY 4,967,827.39 in Q3 2013, a decrease of 26.8%[30] - Cash recovered from investments increased by 38.81% to ¥2,536,000,000.00, up from ¥1,827,000,000.00 in the previous year[14] - Investment income cash received grew by 41.96% to ¥12,632,219.19 compared to ¥8,898,205.48 in the same period last year[14] Shareholder Information - The number of shareholders reached 20,130 by the end of the reporting period[8] - The largest shareholder, Xiamen Xiangye Group Co., Ltd., holds 68% of the shares[8] Asset Impairment - The company experienced a decrease in asset impairment losses due to reduced provisions for bad debts[13] - Asset impairment losses decreased by 54.91% to ¥1,926,468.81 from ¥4,272,914.65 year-on-year[15] Management and Expenses - The company’s management expenses for Q3 2014 were CNY 21,103,495.95, compared to CNY 19,932,634.18 in Q3 2013, reflecting an increase of 5.9%[30] Accounting Standards - The company plans to implement new accounting standards without significant impact on its financial status and operating results[17]