SDBH(SH:600966)2014-08-20 16:00Financial Performance - Operating revenue for the first nine months rose by 9.11% to CNY 3,968,648,216.93 compared to the same period last year[12] - Net profit attributable to shareholders decreased by 337.29% to a loss of CNY 90,986,098.12 for the first nine months[12] - Total operating revenue for Q3 2013 reached ¥1,661,981,265.87, an increase of 52.3% compared to ¥1,089,674,203.79 in Q3 2012[33] - Total operating costs for Q3 2013 were ¥1,681,487,400.29, up 52.9% from ¥1,099,806,534.57 in Q3 2012[34] - Net profit for the first nine months of 2013 was ¥3,968,648,216.93, compared to ¥3,637,362,732.59 for the same period in 2012, reflecting an increase of 9.1%[33] - The total profit for the first nine months of 2013 was a loss of approximately ¥124.73 million, significantly worse than a loss of ¥45.16 million in the same period last year[39] - The company's operating cash flow for the first nine months of 2013 was negative at approximately -¥66.54 million, an improvement from -¥89.70 million in the same period last year[42] - The company's financial expenses for Q3 2013 were approximately ¥86.39 million, an increase from ¥73.46 million in Q3 2012[39] - The company's sales expenses for the first nine months of 2013 were approximately ¥169.83 million, up from ¥125.47 million in the same period last year[39] - The company's management expenses for the first nine months of 2013 were approximately ¥83.15 million, down from ¥93.81 million in the same period last year[39] Assets and Liabilities - Total assets increased by 38.44% to CNY 14,634,914,791.84 compared to the end of the previous year[12] - The total assets as of September 30, 2013, amounted to CNY 14.63 billion, an increase from CNY 10.57 billion at the beginning of the year[27] - The total liabilities as of September 30, 2013, amounted to CNY 11.33 billion, compared to CNY 7.17 billion at the beginning of the year[27] - Current assets totaled ¥6,009,276,999.90, up from ¥2,853,143,220.38 at the start of the year, indicating a growth of 110.5%[29] - Short-term borrowings increased to ¥4,119,472,178.22 from ¥2,670,804,494.63, representing a rise of 54.1%[29] - Total liabilities reached ¥8,064,756,640.56, compared to ¥4,938,172,535.95 at the beginning of the year, marking a 63.3% increase[30] - Owner's equity totaled ¥2,561,212,742.18, down from ¥2,670,704,355.08, indicating a decrease of 4.1%[30] Cash Flow - Cash flow from operating activities improved by 25.82%, resulting in a net outflow of CNY 66,537,340.34[12] - The net cash flow from operating activities for the first nine months of 2013 was -175,263,774.17 RMB, a significant decrease compared to 12,913,638.43 RMB in the same period last year[45] - Total cash inflow from financing activities reached 12,464,696,741.83 RMB, compared to 3,164,330,436.80 RMB in the previous year, indicating a substantial increase in financing efforts[46] - The net cash flow from financing activities was 546,300,149.62 RMB, an increase from 453,180,255.60 RMB year-over-year[46] - The company reported a total cash and cash equivalents balance of 717,538,890.12 RMB at the end of the reporting period, up from 262,452,863.56 RMB at the end of the previous year[46] - Cash inflow from sales of goods and services was 1,769,993,109.56 RMB, down from 2,246,028,042.19 RMB in the same period last year, reflecting a decline in revenue generation[45] - The total cash outflow from operating activities was 1,946,795,568.92 RMB, compared to 2,234,611,809.58 RMB in the previous year, showing a decrease in operational expenditures[45] - Investment activities resulted in a net cash outflow of -51,993,648.91 RMB, a decrease from -568,156,651.70 RMB in the same period last year, indicating reduced investment losses[46] - The company experienced a net increase in cash and cash equivalents of 319,042,726.54 RMB during the reporting period, contrasting with a decrease of -102,062,757.67 RMB in the same period last year[46] Shareholder Information - The number of shareholders reached 49,201 by the end of the reporting period[16] - The largest shareholder, Shandong Bohui Group Co., Ltd., holds 33.77% of the shares[16] Asset Composition - Accounts receivable increased by 52.85% compared to the beginning of the period, primarily due to increased sales from a subsidiary[17] - Inventory increased by 30.84% compared to the beginning of the period, mainly due to increased raw material purchases by a subsidiary[17] - Fixed assets increased by 90.13% compared to the beginning of the period, attributed to the completion of projects by a subsidiary[17] - The construction in progress decreased by 93.78% compared to the beginning of the period, mainly due to the project of wholly-owned subsidiary Jiangsu Bohui Paper Co., Ltd. being put into production and transferred to fixed assets[18] - The deferred income tax assets increased by 84.45% compared to the beginning of the period, primarily due to the recognition of interest income and asset impairment losses[18] - Accounts payable increased by 76.13% compared to the beginning of the period, primarily due to increased equipment and material payments by Jiangsu Bohui Paper Co., Ltd.[18] Financial Ratios - The weighted average return on equity decreased by 4.25 percentage points to -3.01%[12] - The company's basic earnings per share for Q3 2013 was -¥0.0286, compared to ¥0.0008 in Q3 2012[39] - The company's total assets impairment loss for the first nine months of 2013 was approximately ¥28.32 million, compared to a gain of approximately -¥10.68 million in the same period last year[39]