BAOSHENG SCI(SH:600973)2014-10-30 16:00Financial Performance - Net profit attributable to shareholders increased by 1.88% to CNY 79,284,658.09 for the year-to-date period[7] - Operating revenue for the year-to-date period rose by 1.82% to CNY 7,341,334,531.36 compared to the same period last year[7] - The company reported a net profit of ¥28,209,374.87 for the quarter, compared to ¥11,621,940.44 in the previous year[23] - The company’s net profit for the first nine months of 2014 was ¥80,322,813.71, up 2.6% from ¥78,263,058.34 in the same period last year[36] - Net profit for Q3 2014 reached ¥36,505,417.60, representing a slight increase of 1.7% from ¥35,878,033.97 in Q3 2013[36] Assets and Liabilities - Total assets increased by 16.92% to CNY 7,934,224,549.61 compared to the end of the previous year[7] - Total assets increased to CNY 7,934,224,549.61, up from CNY 6,785,904,696.22, representing a growth of approximately 16.9% year-over-year[27] - Current liabilities rose to CNY 5,106,500,391.26, compared to CNY 3,998,695,396.01, indicating an increase of about 27.7%[28] - The total liabilities reached CNY 5,829,298,907.02, compared to CNY 4,726,117,204.80, showing an increase of about 23.4%[28] - The equity attributable to shareholders increased to CNY 2,028,010,397.01 from CNY 1,983,910,401.44, reflecting a growth of approximately 2.2%[30] Cash Flow - The net cash flow from operating activities improved significantly, showing a reduction in outflow from CNY -975,504,592.73 to CNY -413,260,077.88[7] - The net cash flow from operating activities was -¥413,260,077.88, an improvement from -¥975,504,592.73 in the same period last year[18] - Total cash outflow from operating activities was ¥7,866,285,332.91, up from ¥7,450,885,537.88, resulting in a net cash flow from operating activities of -¥413,260,077.88, an improvement from -¥975,504,592.73 year-over-year[42] - Cash inflow from financing activities totaled ¥3,462,750,000.00, a significant increase of 45.25% compared to ¥2,381,044,249.22 in the previous year[45] - The company reported a cash flow from investment activities of -¥170,273,621.18, compared to -¥192,252,582.75 in the previous year, indicating a decrease in investment losses[47] Shareholder Information - The number of shareholders reached 25,423 by the end of the reporting period[11] - The largest shareholder, Baosheng Group, holds 35.66% of the shares, totaling 146,716,819 shares[12] Operational Metrics - Basic earnings per share increased by 1.85% to CNY 0.1927[9] - The weighted average return on net assets decreased by 0.0474 percentage points to 3.9323%[9] - Total operating revenue for Q3 2014 was ¥2,446,413,873.33, a decrease of 8.2% compared to ¥2,666,523,977.22 in Q3 2013[34] - Total operating costs for Q3 2014 were ¥2,413,353,105.20, down 8.0% from ¥2,624,389,729.35 in the same period last year[34] Inventory and Receivables - Accounts receivable decreased by 67.83% to ¥146,243,892.01 from ¥454,637,483.03, primarily due to the endorsement of acceptance bills for payment[15] - Prepayments increased by 404.51% to ¥147,652,428.05 from ¥29,266,614.66, mainly due to increased procurement of materials[15] - Inventory rose by 37.57% to ¥1,141,032,664.46 from ¥829,395,077.35, reflecting an increase in business scale and corresponding inventory levels[15] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[38] - The company has not disclosed any significant new product developments or market expansion strategies in this report[14]