LJRB(SH:600853)2014-10-24 16:00Financial Performance - Operating revenue for the first nine months rose by 10.03% to CNY 3,646,900,283.83 year-on-year[8] - Net profit attributable to shareholders decreased by 21.23% to CNY 13,503,936.65 compared to the same period last year[8] - Basic and diluted earnings per share fell by 21.00% to CNY 0.0252[9] - The company reported a significant decline of 60.47% in net profit after deducting non-recurring gains and losses, totaling CNY 6,172,398.42[8] - The company reported a total comprehensive income of 9,713,860.07 CNY, a decrease of 37.87% compared to the same period last year[15] - The company reported a total profit of ¥10,718,360.56 for the first nine months of 2014, compared to a loss of -¥22,538,971.01 in the same period last year[40] - Net profit for the third quarter was ¥11,300,349.55, a decrease of 27.0% from ¥15,518,492.51 in the previous year[38] Cash Flow - Net cash flow from operating activities was negative at CNY -613,184,917.24, compared to a positive CNY 170,595,032.71 in the previous year[8] - Cash flow from operating activities for the first nine months of 2014 was negative at -¥613,184,917.24, down from a positive cash flow of ¥170,595,032.71 in the previous year[45] - Total cash inflow from operating activities was ¥3,523,841,130.90, slightly down from ¥3,649,042,633.89 in the same period last year[44] - Cash outflow from operating activities increased to ¥4,137,026,048.14, compared to ¥3,478,447,601.18 in the previous year[45] - Cash flow from investing activities generated a net inflow of ¥365,902,772.49, compared to a net outflow of -¥201,628,774.76 in the previous year[46] - Cash flow from financing activities resulted in a net outflow of -¥9,344,346.58, a decrease from a net inflow of ¥166,184,893.81 in the previous year[46] - The company reported a significant cash outflow in operational activities, indicating potential challenges in maintaining liquidity[49] Assets and Liabilities - Total assets increased by 1.38% to CNY 7,112,886,575.71 compared to the end of the previous year[8] - The total number of shareholders reached 57,509 by the end of the reporting period[11] - Total liabilities increased to CNY 6,304,658,574.65 from CNY 6,222,774,155.25, indicating a rise of about 1.3%[30] - The company's cash and cash equivalents decreased to CNY 466,602,980.08 from CNY 658,530,338.92, representing a decline of approximately 29.1%[28] - Accounts receivable decreased to CNY 1,114,892,227.63 from CNY 1,321,173,318.13, a reduction of about 15.7%[28] - Inventory increased to CNY 3,165,021,255.30 from CNY 2,740,530,693.70, reflecting a growth of approximately 15.5%[28] Shareholder Information - The largest shareholder, Heilongjiang Construction Group, holds 33.34% of the shares, totaling 178,979,763 shares[11] - The company has committed to avoiding any unfair competition with its controlling shareholder, ensuring no conflicts arise in business operations[22][23] Investment Activities - Long-term receivables increased by 84.56% compared to the end of last year, primarily due to increased project investments in the Qiqihar to Ang'angxi project[16] - Long-term equity investments decreased by 149,598,694.88 CNY due to the cash buyback of 45% equity in Heilongjiang Daqi Highway Co., Ltd. by Heilongjiang Provincial Highway Group[16] - The company received government subsidies amounting to CNY 3,000,000 related to its normal business operations[10] - The company reported a loss of CNY -395,638.63 from the disposal of non-current assets during the reporting period[10] - The company received a cash buyback of CNY 149,600,000.00 for its stake in Daqi Company, completing the transaction on September 29, 2014[21] - The company has implemented measures to address issues related to long-term equity investments that were not generating returns[21] Operating Costs - Operating costs increased by 35.87% year-on-year, driven by rising costs associated with equipment dispatch, travel, and taxes for out-of-province and foreign projects[17] - Total operating costs for the third quarter were ¥1,585,251,764.58, up from ¥1,179,172,787.82, reflecting a year-over-year increase of 34.4%[36]