TKGF(SH:601233)2014-10-27 16:00Financial Performance - Operating revenue increased by 15.57% to CNY 18,500,757,396.65 for the period from January to September[8] - Net profit attributable to shareholders decreased by 116.56% to a loss of CNY 12,579,489.78 compared to the same period last year[8] - Basic earnings per share dropped by 81.82% to CNY 0.02[9] - The company reported a significant increase in non-operating income, totaling CNY 16,555,119.43 for the period[11] - The company's net profit for the first nine months of 2014 was ¥1,616,016,663.75, significantly higher than ¥1,034,715,230.50 in the same period of 2013, representing a growth of 56.2%[28] - The total profit for the period was CNY 54,607,757.58, compared to CNY 71,638,272.23 in the previous year, reflecting a decrease of 23.7%[36] - The company recorded a total profit of CNY 2,083,684.46 for Q3 2014, a decrease from CNY 4,885,433.95 in Q3 2013[36] Cash Flow - Net cash flow from operating activities surged by 1,347.78% to CNY 3,496,441,833.98 year-to-date[8] - The cash flow from investing activities showed a net outflow of CNY -1,511,366,431.26, which is a 19.45% increase in outflow compared to the previous period[21] - Operating cash inflow for Q3 2014 was CNY 23.57 billion, up from CNY 18.29 billion in Q3 2013, representing a growth of 28.5%[39] - Net cash flow from operating activities for Q3 2014 was CNY 3.50 billion, significantly higher than CNY 241.50 million in Q3 2013[39] - Total cash outflow from operating activities was CNY 20.08 billion, compared to CNY 18.04 billion in the same period last year, indicating an increase of 11.3%[39] - Cash inflow from investment activities was CNY 87.82 million, up from CNY 25.12 million in Q3 2013[39] - Cash outflow from investment activities totaled CNY 1.60 billion, compared to CNY 1.29 billion in Q3 2013, reflecting a rise of 24.1%[39] - Cash inflow from financing activities was CNY 6.81 billion, down from CNY 8.08 billion in Q3 2013, a decrease of 15.7%[40] - Net cash flow from financing activities was negative at CNY -2.11 billion, contrasting with a positive CNY 890.01 million in Q3 2013[40] Assets and Liabilities - Total assets decreased by 3.10% to CNY 14,931,184,470.28 compared to the end of the previous year[8] - The total number of shareholders reached 28,464 by the end of the reporting period[12] - The total liabilities decreased to CNY 10,000,000,000.00 from CNY 10,500,000,000.00, indicating a reduction in financial obligations[23] - The company's total assets decreased to CNY 14,931,184,470.28 from CNY 15,409,516,809.96, reflecting a reduction in liquidity[23] - Total liabilities increased to ¥6,542,294,615.46 from ¥6,337,618,770.86, marking a rise of 3.2%[28] Shareholder Information - The largest shareholder, Zhejiang Tongkun Holding Group, holds 37.62% of the shares[12] - The company's minority interests decreased significantly by 80.45% to CNY 66,764,630.24 from CNY 341,548,474.28, primarily due to dividend distributions[21] Operational Metrics - The inventory balance increased to CNY 2,489,879,781.83, up from CNY 2,015,926,961.88, indicating a 23.38% rise in stock levels[22] - The company's operating costs increased to CNY 3,464,379,561.93, up 54.0% from CNY 2,252,022,748.24 in the same quarter last year[35] - Operating tax and additional charges increased by 31.48% to CNY 12,093,589.70 from CNY 9,198,004.61, mainly due to VAT increases[21] Government Subsidies - The company received government subsidies amounting to CNY 53,223,498.98, closely related to its normal business operations[10] - The company reported a significant increase in government subsidies, with other income rising to CNY 83,199,900.10, a 28.31% increase from CNY 64,845,355.02[21]