SDBH(SH:600966)2014-08-20 16:00Financial Performance - Net profit attributable to shareholders was CNY -36,279,889.74, a decrease of 226.33% year-on-year [7] - Basic earnings per share decreased by 226.36% to CNY -0.0719 [7] - Total operating revenue decreased to ¥1,099,740,464.51 from ¥1,278,014,599.72, a decline of approximately 13.98% year-over-year [25] - Operating profit turned negative at -¥41,088,036.51 compared to a profit of ¥51,436,773.34 in the previous period [25] - Net profit decreased significantly to -¥35,031,010.00 from ¥32,906,603.94, marking a shift from profit to loss [25] - Basic and diluted earnings per share fell to -¥0.0719 from ¥0.0569 [26] - The company reported a total comprehensive income of -¥35,031,010.00 compared to ¥32,906,603.94 in the previous period, reflecting a substantial decline [26] Cash Flow - Cash flow from operating activities was CNY -82,381,001.99, reflecting a year-on-year increase of 3.55% [7] - Cash flow from operating activities showed a net outflow of -¥82,381,001.99, slightly improved from -¥85,416,206.94 in the previous period [31] - Cash and cash equivalents at the end of the period decreased to ¥356,788,593.42 from ¥656,246,183.86 [32] - Net cash flow from investment activities decreased by 65.83%, mainly due to increased cash payments for fixed and intangible assets by a subsidiary [12] - Net cash flow from investment activities was -$34,087,380.85, indicating a significant outflow compared to the previous period's outflow of -$7,484,856.58 [36] - Cash inflow from financing activities totaled $4,256,496,373.92, a substantial increase from $1,105,296,776.18 in the prior period [36] - Net cash flow from financing activities was $88,928,588.03, down from $228,822,463.52 in the previous period [36] - The ending cash and cash equivalents balance decreased to $308,824,616.02 from $486,045,724.82, reflecting a net decrease of $89,671,547.56 [36] - Cash outflow for investing activities amounted to $34,637,380.85, compared to $7,484,856.58 in the previous period [36] - Cash inflow from borrowing was $1,275,033,879.80, up from $1,105,296,776.18 in the prior period [36] - Cash outflow for financing activities was $4,167,567,785.89, significantly higher than $876,474,312.66 in the previous period [36] - The company reported a cash inflow of $2,981,462,494.12 from other financing activities, which was not present in the previous period [36] - The initial cash and cash equivalents balance was $398,496,163.58, compared to $364,515,621.23 in the prior period [36] Assets and Liabilities - Total assets increased by 16.29% to CNY 12,293,796,827.72 compared to the end of the previous year [7] - Total current assets increased to CNY 4,983,032,272.56 from CNY 3,484,487,806.34, representing a growth of approximately 43.0% [16] - Total liabilities increased to CNY 8,930,066,608.58 from CNY 7,172,834,147.40, marking an increase of about 24.5% [17] - Total current liabilities increased to CNY 5,062,029,344.17 from CNY 3,536,302,545.57, reflecting a growth of approximately 43.2% [17] - The company's equity attributable to shareholders decreased to CNY 3,043,630,845.72 from CNY 3,079,908,945.62, a decline of about 1.2% [18] - The company's retained earnings decreased to CNY 1,138,158,605.28 from CNY 1,174,438,495.02, a decline of about 3.1% [18] - Total non-current assets increased to CNY 7,310,764,555.16 from CNY 7,087,105,780.36, representing a growth of about 3.1% [17] - Accounts receivable rose to CNY 445,099,219.16 from CNY 374,282,735.31, an increase of about 18.9% [16] - Inventory increased significantly to CNY 1,246,558,399.48 from CNY 1,008,902,660.34, reflecting a growth of approximately 23.6% [16] - Short-term borrowings rose to CNY 3,271,394,976.41 from CNY 2,759,104,494.63, an increase of approximately 18.5% [17] Expenses - Sales expenses increased by 62.78%, primarily due to increased transportation costs [11] - Sales expenses increased to ¥66,967,969.07 from ¥41,140,834.25, reflecting a rise of approximately 62.68% year-over-year [25] - Asset impairment losses rose to ¥37,334,562.48 from a gain of -¥3,732,533.59, indicating a significant deterioration in asset performance [25] - Other receivables increased by 30,858.40%, mainly due to increased loans from Tianyuan Thermal Power [10] - Engineering materials increased by 293.96%, primarily due to increased investment in a high-end packaging paperboard project by a subsidiary [10] - Accounts payable increased by 59.77%, mainly due to increased equipment payables by a subsidiary [10]