SHJB(SH:600838)2014-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 80,654,625.16, a decline of 23.08% year-on-year[7] - Net profit attributable to shareholders decreased by 8.39% to CNY 21,663,126.43 for the first nine months[7] - The total profit for the first nine months of 2014 was CNY 38,651,279.72, a decrease of 7.0% from CNY 41,564,731.81 in the same period of 2013[36] - The company's net profit margin declined, with net profit for the year-to-date period at CNY 104,073,569.67 compared to CNY 96,842,188.56 in the previous year[27] - Investment income for Q3 2014 was CNY 14,965,190.22, down from CNY 18,961,660.85 in Q3 2013, indicating a decrease of 21.1%[36] Earnings and Shareholder Information - Basic and diluted earnings per share decreased by 8.47% to CNY 0.0540[8] - The total number of shareholders at the end of the reporting period was 54,571[11] - The largest shareholder, Shanghai Jiubai (Group) Co., Ltd., holds 19.59% of the shares[11] - Basic earnings per share for Q3 2014 were CNY 0.0196, compared to CNY 0.0168 in Q3 2013, reflecting an increase of 16.7%[34] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -14,461,541.53 for the first nine months[7] - Cash flow from operating activities showed a net outflow of CNY 1,412,019.57, compared to a net inflow of CNY 47,202,683.91 in the same period last year[41] - The company reported a net cash outflow from operating activities of CNY -14,461,541.53 for the first nine months of 2014, compared to CNY -6,430,656.72 in the same period of 2013[38] - The ending cash and cash equivalents balance was CNY 65,542,669.66, down from CNY 85,562,712.23 year-on-year[42] - The company recorded a cash inflow from operating activities of CNY 88,414,707.88 for the first nine months of 2014, down from CNY 131,705,138.42 in the same period of 2013[38] Asset and Liability Management - Total assets decreased by 8.67% to CNY 989,605,823.96 compared to the end of the previous year[7] - The company's total liabilities decreased from CNY 362,493,395.33 to CNY 259,527,265.18, a reduction of 28.5%[26] - Current liabilities totaled CNY 245,199,260.18, a reduction of 29.6% from CNY 348,165,390.33 in the previous period[26] - Long-term equity investments decreased from CNY 562,698,580.80 to CNY 528,106,267.82, a decline of 6.1%[25] Operational Highlights - Operating income increased by 716.26% to ¥5,480,092.08, primarily from the disposal of property rights related to the Huhangqing Highway[13] - Total operating revenue for Q3 2014 was CNY 24,088,814.98, a decrease of 12.3% compared to CNY 27,490,037.58 in Q3 2013[32] - Total operating costs for Q3 2014 were CNY 36,656,226.95, down 9.1% from CNY 40,387,872.26 in Q3 2013[32] - The company's operating revenue for Q3 2014 was CNY 3,737,990.85, a decrease of 5.2% compared to CNY 3,943,471.60 in Q3 2013[34] Changes in Financial Reporting - The company implemented new accounting standards effective July 1, 2014, impacting the classification of long-term equity investments and financial reporting[16] - The adjustment resulted in a decrease of ¥66,494,867.58 in long-term equity investments, which were reclassified as available-for-sale financial assets[18] - The company included Shanghai Jiubai Electronic Network Co., Ltd. in the consolidated financial statements following its liquidation process[20] Other Financial Metrics - The weighted average return on equity fell by 0.45 percentage points to 2.97%[8] - Financial expenses for the first nine months of 2014 were CNY 9,912,109.28, a decrease of 15.7% compared to CNY 11,772,706.89 in the same period of 2013[36] - Other comprehensive income for Q3 2014 was CNY 1,481,010.00, compared to CNY 2,740,383.00 in Q3 2013, reflecting a decrease of 46.0%[36]