XJJW(SH:600888)2014-10-24 16:00Financial Performance - Operating revenue for the first nine months rose by 28.72% to CNY 3,433,216,422.36 compared to the same period last year[6]. - Net profit attributable to shareholders decreased by 185.33% to a loss of CNY 54,052,824.34 compared to a profit of CNY 63,345,076.24 in the previous year[6]. - The weighted average return on net assets decreased by 3.18 percentage points to -1.4680%[6]. - Basic earnings per share fell by 185.32% to -CNY 0.0843 from CNY 0.0988 in the previous year[6]. - Net profit decreased by 183.71% to a loss of RMB 53,041,173.34, impacted by market conditions, declining product prices, and increased sales expenses[14]. - Total profit decreased by 164.98% to a loss of RMB 45,851,348.84, influenced by market conditions and increased sales expenses[14]. - Total operating revenue for Q3 2014 reached ¥1,287,149,165.33, a 31.1% increase compared to ¥980,925,232.19 in Q3 2013[33]. - Net profit for Q3 2014 was ¥8,801,759.69, compared to ¥5,340,730.93 in Q3 2013, marking a 64.5% increase[34]. - Total profit for the first nine months of 2014 was -¥45,851,348.84, a significant decline from ¥70,556,839.73 in the same period last year[34]. Cash Flow - The net cash flow from operating activities for the first nine months was a negative CNY 441,128,080.62, compared to a negative CNY 302,520,556.58 in the previous year[6]. - Cash flow from operating activities for the first nine months of 2014 was ¥2,665,997,295.45, compared to ¥1,886,930,022.02 in the previous year, indicating a 41.2% increase[38]. - Net cash flow from operating activities for Q3 2014 was -CNY 441,128,080.62, worsening from -CNY 302,520,556.58 in Q3 2013[39]. - Cash inflow from financing activities in Q3 2014 was CNY 1,394,404,187.55, compared to CNY 1,216,128,851.98 in Q3 2013, reflecting an increase of about 14.7%[40]. - Net cash flow from financing activities for Q3 2014 was CNY 457,866,930.85, a decrease from CNY 525,059,428.29 in Q3 2013[40]. Assets and Liabilities - Total assets increased by 7.10% to CNY 8,655,142,652.79 compared to the end of the previous year[6]. - Current liabilities rose to ¥2,628,225,079.18, compared to ¥1,933,583,379.35, marking an increase of about 36%[26]. - The company's total liabilities reached ¥5,005,568,084.40, up from ¥4,346,533,802.04, indicating a growth of approximately 15.1%[26]. - The total equity attributable to shareholders decreased to ¥3,633,635,359.98 from ¥3,719,648,497.92, a reduction of approximately 2.3%[26]. - The company reported a total non-current asset of ¥5,120,460,827.22, slightly down from ¥5,144,831,717.42, a decrease of about 0.5%[25]. Shareholder Information - The total number of shareholders reached 44,986 by the end of the reporting period[9]. - The largest shareholder, Tebian Electric Apparatus Stock Co., Ltd., holds 28.14% of the shares, totaling 180,434,922 shares[9]. Inventory and Receivables - Accounts receivable increased by 35.67% to RMB 925,892,882.72, primarily due to increased operating revenue[12]. - Other receivables increased by 2709.05% to RMB 76,495,314.09, mainly due to contract guarantee payments and increased logistics costs[12]. - The company’s inventory increased to 1,231,621,151.74 RMB from 1,184,638,132.53 RMB at the beginning of the year, indicating potential overstocking issues[24]. Operational Changes - The company has commenced production on one of the two planned high-purity aluminum production lines, with an annual capacity of 10,000 tons, while the second line is still under construction[17]. - The company recognized government subsidies totaling CNY 9,087,674.18 related to asset and revenue support during the first nine months[9]. - The company has adopted new accounting standards effective from January 26, 2014, which will not impact the total assets, liabilities, or net profit for the 2013 fiscal year and the interim report for the current year[19].