SCMC(SH:600984)2014-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 6.39% to CNY 666,898,253.31 compared to the end of the previous year[7]. - Operating revenue for the first nine months decreased by 15.12% to CNY 239,466,706.97 compared to the same period last year[7]. - The company reported a net loss of CNY 263,030,245.20, worsening from a loss of CNY 216,968,010.40 at the beginning of the year[27]. - The net profit for the period was -46,062,234.80 RMB, reflecting a 41.74% improvement compared to the previous year[16]. - The net loss for the period was ¥18,979,034.51, compared to a net loss of ¥13,980,360.58 in the previous year, reflecting a worsening of approximately 35.8%[31]. - Cumulative net loss for the year-to-date was ¥46,062,234.80, compared to a loss of ¥79,064,408.09 in the same period last year, indicating a significant reduction in losses[31]. Cash Flow - Net cash flow from operating activities improved to CNY -54,676,142.34 from CNY -118,309,178.27 in the previous year[7]. - The net cash flow from investing activities increased to 675,110.59 RMB, a significant improvement of 108.66% compared to the previous period[17]. - The net cash flow from financing activities decreased to 39,516,817.65 RMB, a decline of 65.93% compared to the previous period[17]. - Operating cash flow for the first nine months of 2014 was negative at -54,676,142.34 RMB, an improvement from -118,309,178.27 RMB in the same period last year[34]. - Total cash inflow from operating activities decreased to 235,632,763.80 RMB, down 14.1% from 274,324,842.42 RMB year-on-year[34]. - Cash inflow from financing activities totaled 125,000,000.00 RMB, down 84.6% from 760,500,000.00 RMB year-on-year[35]. Assets and Liabilities - Total assets increased by 3.72% to CNY 1,102,918,749.19 compared to the end of the previous year[7]. - The company's total current assets reached CNY 884,061,736.05, up from CNY 834,059,235.14 at the beginning of the year, indicating an increase of about 6%[26]. - The total liabilities stood at CNY 436,020,495.88, compared to CNY 350,899,607.62 at the start of the year, representing an increase of approximately 24.3%[27]. - The total owner's equity decreased to CNY 666,898,253.31 from CNY 712,459,844.11, a decline of approximately 6.4%[27]. - The company's cash and cash equivalents decreased by 40.45% to CNY 21,322,431.52 compared to the beginning of the year[14]. Operational Efficiency - The company is actively implementing cost control measures to mitigate the impact of reduced market demand[21]. - Management expenses decreased to ¥12,896,251.66, down 10% from ¥14,322,013.97 year-on-year, reflecting cost control measures[31]. - Financial expenses decreased by 50.48% to 8,889,141.08 RMB compared to the previous period[16]. - Financial expenses rose to ¥3,675,955.51, an increase of 114% compared to ¥1,716,330.37 in the previous year, indicating higher borrowing costs[31]. Shareholder Information - The number of shareholders increased to 8,755, with the top ten shareholders holding 56.02% of the shares[11]. - Basic and diluted earnings per share were both CNY -0.1907, compared to CNY -0.4521 in the same period last year[7].