hbky(SH:600985)2014-10-29 16:00Financial Performance - Net profit attributable to shareholders rose by 13.46% to CNY 91,097,786.46 year-to-date[7] - Operating income for the first nine months increased by 12.57% to CNY 735,442,463.99 compared to the same period last year[7] - The company reported a total operating profit of ¥67,471,509.14 for the first nine months, compared to ¥17,269,222.53 in the previous year, marking an increase of approximately 290.5%[36] - Net profit for the first nine months was ¥65,300,213.63, compared to ¥15,263,719.20 in the previous year, indicating a significant increase of approximately 328.5%[36] - Net profit for Q3 2014 was CNY 31,235,120.82, a decline of 21.7% from CNY 39,899,015.31 in Q3 2013[34] Assets and Liabilities - Total assets increased by 11.37% to CNY 1,468,505,496.28 compared to the end of the previous year[7] - The total liabilities of the company were CNY 317,185,849.24, compared to CNY 250,434,548.11 at the beginning of the year, marking an increase of around 26.5%[26] - The company's current assets reached CNY 614,614,665.85, up from CNY 493,839,918.28 at the start of the year, indicating a growth of about 24.4%[24] - Total cash outflow from financing activities was 10,642,086.50 CNY, slightly higher than 10,629,565.62 CNY in the previous year[44] Cash Flow - Net cash flow from operating activities improved by 28.68% to CNY 76,716,549.77 year-to-date[7] - The net cash flow from operating activities for the first nine months was ¥76,716,549.77, up from ¥59,618,589.76 year-on-year, reflecting a growth of about 28.7%[39] - The net cash flow from financing activities was -¥841,939.86, a decrease from -¥11,384,765.62 in the previous year, indicating an improvement in cash flow management[41] - The net increase in cash and cash equivalents was 20,468,208.51 CNY, contrasting with a decrease of 5,133,606.25 CNY in the previous year[44] Shareholder Information - The total number of shareholders reached 13,502 by the end of the reporting period[10] - The largest shareholder, Huai Bei Mining Group, holds 34.86% of the shares[11] Investments - The company's investment income increased by 64.89% to CNY 2,269,299.59 compared to CNY 1,376,234.11 in the same period last year, primarily due to returns from financial products purchased by Hunan Leiming Western Mining[16] - Long-term equity investments increased by 30.79% to CNY 24,812,819.38 from CNY 18,971,098.94, following a change in accounting method from cost to equity method for a joint venture[15] - Cash received from investment income was 40,267,640.07 CNY, a significant increase from 499,800.00 CNY year-over-year[44] Expenses - The company reported a 63.23% increase in sales expenses, totaling CNY 52,145,647.05, attributed to expanded market efforts and increased rewards for sales personnel[15] - The company’s sales expenses increased to CNY 16,649,006.73 in Q3 2014, compared to CNY 12,762,102.06 in Q3 2013, an increase of 30.5%[34] Future Plans - The company plans to continue expanding its market presence and developing new products, as indicated by the increase in prepayments and investment in joint ventures[16] - The company plans to focus on market expansion and new product development in the upcoming quarters[34]