HX GROUP(SH:600851)2014-10-27 16:00Financial Performance - Operating revenue decreased by 10.75% to CNY 797,881,314 for the period from January to September[8] - Net profit attributable to shareholders increased by 114.91% to CNY 122,859,540.59 compared to the same period last year[8] - Basic earnings per share rose by 114.77% to CNY 0.1018[9] - The company reported a net profit of CNY 111,979,107.80, recovering from a loss of CNY 10,880,432.79 in the previous period[22] - Total operating revenue for Q3 2014 was ¥342,268,043.77, a decrease of 12.5% compared to ¥391,245,065.57 in Q3 2013[28] - Net profit for Q3 2014 was ¥108,389,672.68, significantly up from ¥11,375,410.29 in Q3 2013, marking an increase of 852.5%[29] - Total comprehensive income for Q3 2014 reached ¥430,464,766.28, compared to ¥153,220,162.41 in Q3 2013, an increase of 180.5%[29] - The company’s total profit for Q3 2014 was ¥145,915,005.60, compared to ¥12,044,650.58 in Q3 2013, marking an increase of 1,213.5%[29] Asset and Liability Management - Total assets increased by 9.28% to CNY 4,796,140,126 compared to the end of the previous year[8] - Total liabilities increased, with accounts payable rising by 33.63% to CNY 190,912,277.52 from CNY 142,865,609.27, attributed to increased material procurement[14] - Non-current liabilities rose to CNY 444,026,046.65, up from CNY 368,340,357.63, indicating an increase of about 20.5%[22] - Current liabilities totaled CNY 788,444,192.53, slightly down from CNY 804,724,921.51, reflecting a decrease of approximately 2.5%[22] - The company’s construction in progress decreased by 36.58% to CNY 24,151,789.56 from CNY 38,084,029.25, primarily due to the completion of the new production line for Gannan Haixin[14] Cash Flow and Investments - The net cash flow from operating activities improved, with a loss of CNY 65,880,257.06 compared to a loss of CNY 97,305,513.31 in the previous year[8] - Cash and cash equivalents increased by 71.78% to CNY 497,183,216.47 from CNY 289,428,607.22, primarily due to proceeds from the sale of Changjiang Securities and the liquidation of Yuecai Trust[14] - Investment income surged by 2,091.80% to CNY 225,317,513.62 from CNY 10,280,043.91, driven by increased gains from the sale of Changjiang Securities and liquidation income from Yuecai Trust[15] - Net cash flow from investment activities for the first nine months of 2014 was CNY 319,718,099.38, compared to CNY 146,184,457.31 in the same period last year, indicating a growth of about 118.5%[36] - Total cash inflow from financing activities in Q3 2014 was CNY 476,520,448.74, compared to CNY 437,824,504.98 in Q3 2013, showing an increase of about 8.0%[36] Shareholder Information - The total number of shareholders reached 136,307, with 93,640 holding A shares and 42,667 holding B shares[11] Income and Expenses - The company reported a non-operating income of CNY 118,067,564.03 for the period[10] - The company disposed of non-current assets resulting in a loss of CNY 36,252,914.87 year-to-date[10] - Government subsidies recognized in the current period amounted to CNY 5,018,500[10] - The company reported a significant increase in tax payable, which rose by 677.79% to CNY 24,303,515.15 from CNY 3,124,685.79, mainly due to higher income tax provisions[15] - The company recorded an asset impairment loss of CNY 53,000,000.00, reflecting increased provisions for inventory and receivables due to the shutdown of Shanghai Changmao[15] Current and Non-Current Assets - The total current assets increased to CNY 1,230,627,420.01 from CNY 1,039,006,092.66, indicating a strong liquidity position[20] - The company’s non-current assets, specifically available-for-sale financial assets, rose to CNY 1,909,478,663.75 from CNY 1,663,408,663.75, reflecting a strategic investment approach[20] - The company’s inventory decreased to CNY 4,786,745.45 from CNY 67,541,734.32, indicating a significant reduction of about 92.9%[25]