SDICZL(SH:600962)2014-11-27 16:00Financial Performance - Operating revenue for the first nine months was CNY 679,530,663.33, a decrease of 28.61% year-on-year[7] - The net profit attributable to shareholders of the listed company was a loss of CNY 48,526,444.02, an improvement of 32.03% compared to the previous year's loss[7] - Basic and diluted earnings per share were both -0.182, reflecting a 26.33% improvement from -0.247 in the same period last year[8] - The company reported a net loss of CNY 47,639,514.94 for the first nine months of 2014, compared to a profit of CNY 69,200,742.91 in the same period of 2013[24] - The company's operating profit for the first nine months of 2014 was a loss of ¥41,141,060.19, compared to a loss of ¥65,088,495.54 in the same period last year, indicating an improvement[34] - The net profit for Q3 2014 was a loss of ¥30,144,219.59, compared to a loss of ¥28,221,824.30 in the same period last year, reflecting an increase in losses[34] - The total comprehensive income for Q3 2014 was a loss of ¥30,136,214.66, compared to a loss of ¥28,257,536.93 in Q3 2013[35] Cash Flow - Net cash flow from operating activities decreased by 36.37% to CNY 370,283,061.69 compared to the same period last year[7] - Cash inflow from financing activities in Q3 2014 was CNY 879,611,522.08, significantly higher than CNY 529,757,794.95 in Q3 2013, marking an increase of about 66.2%[38] - Cash outflow from financing activities for Q3 2014 totaled CNY 916,565,204.19, down from CNY 1,044,510,557.62 in Q3 2013, reflecting a decrease of approximately 12.3%[38] - The net increase in cash and cash equivalents for Q3 2014 was CNY 271,561,612.79, compared to a decrease of CNY 38,580,748.71 in Q3 2013, indicating a positive turnaround[38] - Total cash inflow from operating activities for the first nine months of 2014 was CNY 836,185,509.35, compared to CNY 1,032,839,536.35 in the same period of 2013, a decrease of about 19%[42] - The net cash flow from operating activities for the first nine months of 2014 was CNY 509,659,978.75, compared to CNY 481,336,208.31 in the same period of 2013, showing an increase of about 5.5%[42] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,287,725,842.09, an increase of 1.08% compared to the end of the previous year[7] - Current liabilities rose to CNY 1,284,690,471.35, an increase of 7.03% from CNY 1,200,319,498.40 at the start of the year[23] - The company's total equity decreased to CNY 1,002,077,592.96 from CNY 1,062,316,803.48 at the beginning of the year, reflecting a decline of 5.66%[24] - Inventory levels decreased to CNY 808,280,025.88 from CNY 1,063,229,923.61, indicating a reduction of 24.0%[22] - The company's accounts receivable decreased to CNY 223,837,179.17 from CNY 262,491,449.80, a decline of 14.7%[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,780[10] - The largest shareholder, China Development Investment Corporation, held 44.37% of the shares, totaling 116,355,543 shares[10] Government Support and Investments - The company received government subsidies amounting to CNY 439,634.57 during the reporting period[9] - The total investment for the R&D center and industrial park project is adjusted to ¥31,817.31 million, with cumulative investment reaching ¥171,591.5 million by Q3 2014[15] Asset Management and Impairment - The company reported a significant increase in impairment losses, with asset impairment losses rising by 14,850.09% to ¥11,804,889.71[14] - The asset impairment loss for Q3 2014 was ¥1,940,317.66, indicating ongoing challenges in asset management[34] Future Outlook - The company anticipates a continued net loss for the year due to increased apple juice production in Europe affecting sales and prices in China[18] Audit and Compliance - The financial statements of Guotou Zhonglu Company fairly reflect its financial position as of September 30, 2014, in accordance with accounting standards[49] - The report covers the operating results and cash flows for the period from January to September 2014[49] - The audit opinion was provided by certified public accountants Zhang Juzhong and Zhou Chunyang[52] - The report is a revised version of the third quarter report for Guotou Zhonglu Juice Co., Ltd. for 2014[51] - The financial data indicates compliance with all significant aspects of the accounting standards[49]