Chongqing Water(SH:601158)2014-10-28 16:00Financial Performance - Operating revenue for the first nine months reached CNY 3,312,263,396.16, reflecting a growth of 6.00% year-on-year[8] - Net profit attributable to shareholders decreased by 12.83% to CNY 1,307,470,514.73 compared to the same period last year[8] - Basic and diluted earnings per share were both CNY 0.30, down 9.09% from CNY 0.33[9] - The weighted average return on equity decreased by 1.56 percentage points to 10.99%[8] - Total revenue for Q3 2014 was CNY 1,080,203,889.01, a decrease of 10.74% compared to CNY 1,210,614,847.19 in Q3 2013[37] - Net profit for the first nine months of 2014 reached CNY 3,312,263,396.16, an increase of 6.01% compared to CNY 3,124,915,939.01 in the same period last year[37] - The net profit for Q3 2014 was ¥545,695,678.64, down 14.3% from ¥637,051,424.38 in Q3 2013[42] - The total profit for Q3 2014 was ¥554,431,921.68, a decrease of 14% compared to ¥644,652,847.31 in Q3 2013[42] - The company's basic earnings per share for Q3 2014 was ¥0.12, compared to ¥0.13 in Q3 2013[42] Assets and Liabilities - Total assets increased by 3.36% to CNY 20,550,890,336.25 compared to the end of the previous year[8] - The company reported a total current asset of CNY 8,343,057,648.10 as of September 30, 2014, compared to CNY 8,254,482,240.88 at the beginning of the year, indicating a slight increase in current assets[27] - Total liabilities increased to CNY 7,321,618,894.86 from CNY 6,844,084,104.05 year-over-year[29] - The company's equity attributable to shareholders increased to CNY 13,218,360,329.47 from CNY 13,028,162,085.14 year-over-year[29] - Cash and cash equivalents decreased from CNY 4,744,660,417.66 at the beginning of the year to CNY 4,278,584,908.77 by the end of the reporting period[27] - The ending balance of cash and cash equivalents was CNY 3,552,425,194.85, down from CNY 3,796,238,355.57 year-on-year[51] Cash Flow - Net cash flow from operating activities increased by 15.26% to CNY 1,954,524,095.39 year-to-date[8] - Cash inflow from operating activities for the first nine months of 2014 was ¥4,705,233,349.25, an increase from ¥3,782,034,746.26 in the same period of 2013[45] - Operating cash inflow for the first nine months of 2014 was CNY 2,354,149,112.27, a decrease of 8.5% compared to CNY 2,573,081,677.06 in the same period last year[49] - Total cash outflow from operating activities was CNY 787,156,804.47, slightly down from CNY 796,876,929.90 year-on-year[50] - Net cash flow from investing activities was negative CNY 687,885,693.11, an improvement from negative CNY 1,128,642,958.29 in the previous year[50] - Cash inflow from investment activities totaled CNY 5,306,958,640.89, significantly higher than CNY 456,466,065.52 in the same period last year[50] - Cash outflow for investment activities reached CNY 5,994,844,334.00, compared to CNY 1,585,109,023.81 in the previous year[50] - Net cash flow from financing activities was negative CNY 1,466,599,452.06, a decline from positive CNY 145,122,929.68 in the same period last year[51] - Total cash inflow from financing activities was CNY 44,429,060.65, significantly lower than CNY 1,538,683,177.84 in the previous year[51] Shareholder Information - The total number of shareholders reached 67,411 by the end of the reporting period[14] - The largest shareholder, Chongqing Water Assets Management Co., Ltd., holds 75.10% of the shares[14] Other Financial Metrics - The company received government subsidies amounting to CNY 10,341,782.89 year-to-date, closely related to its normal business operations[11] - The net profit from entrusted loans amounted to CNY 82,578,055.70 for the year-to-date[11] - The company's accounts receivable increased by 3,000,000.00 RMB, marking a significant change[16] - Prepayments rose to 154,867,691.12 RMB, reflecting a 75.60% increase compared to the beginning of the year[16] - Other receivables surged to 2,785,644,200.79 RMB, a dramatic increase of 2,280.75%[16] - Inventory levels increased by 123,884,182.72 RMB, representing a 93.91% rise[16] - Sales expenses for the year-to-date reached 53,782,439.03 RMB, up 32.59% from the previous year[17] - Financial expenses changed significantly, with a total of 60,017,913.20 RMB reported, a shift from a negative figure in the previous year[17] - Investment income decreased to 125,399,515.37 RMB, down 46.17% year-over-year[17] - The company reported a 40.05% decrease in long-term receivables, totaling 282,772,767.37 RMB[16] - The company’s deferred tax assets decreased by 49.74%, amounting to 19,979,275.44 RMB[16] - The company’s other comprehensive income improved by 53,720,650.35 RMB, reflecting a significant recovery[17] Regulatory and Strategic Information - The company has not finalized the third phase of sewage treatment service pricing, which is pending approval from the Chongqing Municipal Finance Bureau[18] - The company has made a commitment to avoid competition with its major shareholder, ensuring that no direct competition will occur in the core business areas[19] - The company plans to disclose the impact of employee compensation standards in the 2014 annual report, indicating that initial assessments show no significant impact on financial results[22] - The company has reclassified CNY 2,426,106,000 from long-term equity investments to other current assets as part of its financial reporting adjustments[23] - The company reported a total of CNY 459,544,862.98 in adjustments related to long-term equity investments due to changes in accounting standards[21] - The company is awaiting the final approval of the third phase pricing for sewage treatment services, which will affect future revenue recognition[18]