SNAT(SH:600841)2014-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 14.21% year-on-year, amounting to CNY 122,117,307.81[8] - Revenue for the period was CNY 2,222,979,980.75, reflecting a modest increase of 0.96% compared to the same period last year[8] - Total operating revenue for Q3 2014 was ¥623,393,990.16, a decrease of 7.2% compared to ¥671,779,735.57 in Q3 2013[26] - Net profit for Q3 2014 was ¥28,778,169.97, a decrease of 11.5% from ¥32,545,800.40 in Q3 2013[27] - Net profit for the period reached ¥59.43 million, up 62.14% from ¥36.64 million in the same period last year[31] - The total profit amounted to ¥59.40 million, an increase of 54.06% compared to ¥38.54 million in Q3 2022[31] Cash Flow - Operating cash flow net amount decreased significantly by 74.08% year-on-year, totaling CNY 37,353,757.28[8] - Cash flow from operating activities generated a net amount of ¥37.35 million, down 74.06% from ¥144.14 million in the previous year[34] - Net cash flow from operating activities was $18.90 million, a significant decrease from $165.78 million in the previous year[37] - Cash inflow from sales and services reached approximately $2.45 billion, up from $1.78 billion in the same period last year, representing a growth of 37.8%[37] - The cash flow from operating activities totaled approximately $2.51 billion, compared to $1.83 billion last year, reflecting a growth of 37.0%[37] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 5,556,400,532.38, a slight increase of 0.38% compared to the previous year[8] - Total liabilities decreased from CNY 2,213,722,608.75 to CNY 2,156,423,250.72, showing a reduction of approximately 2.6%[20] - The company’s total equity reached CNY 3,399,977,281.66, up from CNY 3,321,398,543.33, reflecting an increase of about 2.4%[20] - The company’s non-current assets totaled CNY 1,982,545,264.13, up from CNY 1,895,034,961.63, indicating an increase of approximately 4.6%[19] - The company reported a significant increase of 35.68% in available-for-sale financial assets due to a rise in fair value[11] Investments - Investment income surged by 183.71% year-on-year, driven by the rapid growth of an associated enterprise[12] - Investment income for Q3 2014 was ¥23,352,212.72, significantly higher than ¥6,299,104.82 in Q3 2013, marking an increase of 271.5%[26] - The company reported an investment income of ¥44.15 million, significantly higher than ¥6.30 million in Q3 2022[31] Expenses - Sales expenses increased by 26.30% year-on-year, mainly due to a reduction in estimated warranty costs from the previous year[11] - Sales expenses increased to ¥44.28 million, up 26.51% from ¥35.03 million in Q3 2022[31] - Management expenses rose to ¥92.89 million, an increase of 12.00% compared to ¥82.92 million in the same period last year[31] Equity and Returns - The weighted average return on equity decreased to 3.64%, down from 4.43% in the previous year[8] - Total equity increased to ¥3,333,556,463.75 in Q3 2014 from ¥3,221,174,546.17 in Q3 2013, reflecting a growth of 3.5%[23] Inventory and Receivables - Accounts receivable increased by 118.20% compared to the beginning of the year, primarily due to the company's credit policy and industry characteristics[11] - Inventory rose by 16.78% compared to the beginning of the year, attributed to increased stock of complete machines and imported components[11] - Accounts receivable increased significantly from CNY 261,654,382.64 at the beginning of the year to CNY 570,932,041.52, indicating a growth of about 118.5%[19] - Inventory rose from CNY 262,964,256.86 to CNY 307,097,120.68, reflecting an increase of approximately 16.7%[19]