Haohua Energy(SH:601101)2014-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 69.22% to CNY 147.43 million year-on-year[6] - Operating revenue declined by 22.14% to CNY 4.34 billion for the first nine months of the year[6] - Basic earnings per share fell by 70.00% to CNY 0.12[6] - The company reported a total loss of CNY 44,355,072.03 for the first nine months of 2014, compared to a profit of CNY 142,079,022.94 in the same period last year[38] - The net profit for the first nine months of 2014 was CNY 144,020,229.35, down from CNY 575,707,201.09 in the previous year, a decline of about 75.0%[37] - The net profit attributable to shareholders for Q3 2014 was CNY 66,427,820.91, down from CNY 105,895,372.24 in Q3 2013, representing a decline of 37.2%[38] - The total comprehensive income for Q3 2014 was CNY 24,703,738.58, a decrease of 26.9% from CNY 33,853,024.99 in Q3 2013[38] Revenue and Costs - Operating revenue for Q3 2014 was CNY 1,474,340,490.35, down from CNY 1,749,877,110.16 in Q3 2013, a decrease of about 15.7%[36] - Operating costs for the same period decreased to CNY 1,429,313,122.06 from CNY 1,642,147,838.47, a reduction of approximately 12.9%[37] - Cash paid for purchasing goods and services increased to CNY 571,433,889.72, up 37.3% from CNY 416,299,181.18 year-on-year[49] Cash Flow - Net cash flow from operating activities dropped by 40.59% to CNY 279.76 million compared to the same period last year[6] - The cash flow from operating activities for the first nine months of 2014 was CNY 4,501,016,320.28, down from CNY 4,992,914,703.54 in the same period last year, indicating a decline of 9.8%[44] - Net cash flow from operating activities was CNY 81,731,055.42, down 69.7% from CNY 270,076,616.17 year-on-year[49] - Total cash outflow from investment activities was CNY 1,077,647,424.12, compared to CNY 1,144,848,599.11 in the previous year, indicating a decrease of 5.9%[50] - Cash inflow from financing activities totaled CNY 760,100,000.00, down 49.3% from CNY 1,500,000,000.00 year-on-year[50] Assets and Liabilities - Total assets increased by 7.25% to CNY 13.67 billion compared to the end of the previous year[6] - Current liabilities increased to CNY 3.47 billion from CNY 2.44 billion, reflecting a rise in short-term borrowings and employee compensation payables[29] - The total liabilities increased to CNY 5.82 billion from CNY 4.38 billion, indicating a significant rise in financial obligations[29] - The company's equity attributable to shareholders decreased to CNY 6.25 billion from CNY 6.77 billion, reflecting a decline in retained earnings[29] - The company's total equity decreased to CNY 6,726,200,217.17 from CNY 7,203,018,383.01, a decline of approximately 6.6%[32] Investments and Construction - Cash and cash equivalents decreased by 32.23% to ¥959,869,575.09 due to increased investments in construction projects[14] - Construction in progress rose by 40.90% to ¥3,198,675,589.92, reflecting higher investments in the methanol project and mining construction[14] - The net cash outflow from investing activities increased by 39.32% to ¥1,121,387,051.23 due to higher payments for construction projects[15] Shareholder Information - The total number of shareholders reached 64,068, with the largest shareholder holding 62.30% of the shares[11] - The company received government subsidies amounting to CNY 412,500.00 during the reporting period[7] Employee Compensation - The company reported a 518.27% increase in payable employee compensation to ¥251,114,275.05, reflecting adjustments in employee benefits[14] - Employee compensation liabilities increased by CNY 639.55 million, leading to a reduction in equity attributable to shareholders by CNY 542.39 million[23]