NBSS(SH:600884)2014-10-28 16:00Financial Performance - Net profit attributable to shareholders increased by 28.44% to CNY 150,968,121.39 for the first nine months of the year[8] - Basic earnings per share rose by 28.44% to CNY 0.367 per share[8] - The company reported a net profit excluding non-recurring gains and losses of CNY 149,189,044.85, an increase of 75.93% year-on-year[8] - In Q3 2014, the company reported a net profit of CNY 30,604,133.63, an increase of 40.5% compared to CNY 21,800,586.18 in the same period last year[44] - Net profit attributable to shareholders for the first nine months of 2014 was CNY 1,196,153,308.01, an increase from CNY 1,069,836,681.44 in the previous year[34] - The company reported a total profit of CNY 41,045,826.37 in Q3 2014, which is an increase of 11.7% from CNY 36,883,091.79 in Q3 2013[43] Revenue and Costs - Operating revenue decreased by 2.23% to CNY 2,777,609,848.50 for the first nine months compared to the same period last year[8] - Total operating revenue for Q3 2014 was CNY 905,418,980.21, a decrease of 15.7% compared to CNY 1,074,007,575.85 in Q3 2013[42] - Total operating costs for Q3 2014 were CNY 894,529,403.43, down 15.7% from CNY 1,061,916,847.75 in the same period last year[42] - The total revenue for the first nine months of 2014 reached CNY 190,183,752.91, up from CNY 206,590,767.70 in the previous year, indicating a year-over-year decrease of approximately 7.9%[43] Assets and Liabilities - Total assets increased by 5.91% to CNY 7,890,070,743.81 compared to the end of the previous year[8] - Total liabilities increased to CNY 4,242,929,635.56 from CNY 3,930,701,502.72 at the start of the year[34] - The company reported a total non-current asset of CNY 4,390,155,959.23, up from CNY 4,228,835,203.96 at the start of the year[34] - Long-term debt increased significantly to CNY 1,340,804,226.10 from CNY 596,336,785.65[34] Cash Flow - Cash flow from operating activities showed a negative value of CNY -218,888,158.25 for the first nine months[8] - Net cash flow from operating activities was negative at -¥218,888,158.25, significantly down from ¥14,405,902.68 in the previous year[17] - Cash inflow from operating activities for the first nine months of 2014 was CNY 2,464,725,766.42, down from CNY 3,262,224,443.94 in the same period last year, representing a decline of approximately 24.5%[52] - Cash outflow from operating activities totaled 658,073,968.06 RMB, compared to 365,783,766.50 RMB in the previous year, indicating increased operational expenses[58] Shareholder Information - The total number of shareholders reached 49,281 by the end of the reporting period[10] - The largest shareholder, Shanshan Group Co., Ltd., holds 32.50% of the shares, totaling 133,536,993 shares[10] Investments and Subsidiaries - The company received government subsidies amounting to CNY 7,407,751.89 during the first nine months[11] - The company plans to transfer equity stakes in its subsidiaries, with related procedures currently underway[19] - The company’s subsidiary, Ningbo Shanshan Venture Capital Co., Ltd., is actively promoting the implementation of the equity transfer matter[22] Accounting and Standards - The company has implemented new accounting standards starting July 1, 2014, which required adjustments to certain financial statement items[25] - The adjustments made due to the new accounting standards did not affect the total assets, total liabilities, net assets, or net profit for the company in 2013[27] Other Financial Metrics - The weighted average return on equity increased by 0.798 percentage points to 4.507%[8] - The company reported an increase in investment income by 33.92% to ¥159,852,487.66, mainly from the net profit of equity-accounted banks[16] - The company experienced a decrease in sales expenses, which were CNY 937,818.82 in Q3 2014, compared to CNY 56,666.67 in the same period last year, indicating a significant reduction[47] - The company’s financial expenses increased to CNY 25,190,281.76 in Q3 2014, up from CNY 15,496,365.63 in Q3 2013, reflecting a rise of 62.5%[47]