ZMJ(SH:601717)2014-10-20 16:00Financial Performance - Operating revenue decreased by 20.54% to CNY 4,618,130,373.50 year-on-year[6] - Net profit attributable to shareholders decreased by 62.61% to CNY 261,088,721.21 compared to the same period last year[6] - Basic earnings per share decreased by 62.79% to CNY 0.16 per share[6] - Total operating revenue for Q3 2014 was CNY 1,435,555,840.12, a decrease of 29.4% compared to CNY 2,034,094,461.83 in Q3 2013[26] - Net profit for Q3 2014 was CNY 11,196,674.58, a significant decline of 92.6% from CNY 151,693,473.36 in Q3 2013[27] - The net profit for the first nine months of 2014 was approximately ¥219.9 million, down 68.1% from ¥688.6 million in the same period last year[30] - The total comprehensive income for Q3 2014 was approximately ¥9.1 million, a decrease of 94.9% compared to ¥178 million in Q3 2013[30] Cash Flow - Cash flow from operating activities improved to CNY 292,448,151.76 from a negative CNY 515,396,367.36 in the previous year[6] - Operating cash flow turned positive at CNY 292.45 million compared to a negative CNY 515.40 million in the same period last year, attributed to internal cost optimization[10] - The cash flow from operating activities for the first nine months of 2014 was approximately ¥292.4 million, a significant improvement from a negative cash flow of ¥515.4 million in the same period last year[33] - Net cash flow from operating activities improved to $165,898,927.85, compared to a negative $536,913,733.58 in the same period last year[37] Assets and Liabilities - Total assets increased by 1.36% to CNY 12,805,772,293.08 compared to the end of the previous year[6] - Total liabilities increased to CNY 3.12 billion from CNY 2.95 billion, reflecting a rise in current liabilities[18] - The total assets at the end of the reporting period amounted to CNY 11,471,834,819.85, an increase from CNY 11,330,355,898.12 at the beginning of the year[22] - Total liabilities increased to CNY 2,406,864,420.26 from CNY 2,237,808,056.31, marking an increase of 7.6%[22] - The company's cash and cash equivalents decreased to CNY 2,295,420,453.59 from CNY 2,827,030,348.12, a decline of 18.8%[21] Shareholder Information - The total number of shareholders reached 52,373, with 52,260 holding A shares and 113 holding H shares[9] - The largest shareholder, the Henan Provincial Government, holds 32.14% of the shares[9] Investment Activities - The company reported an investment income of CNY 22,088,970.92 for Q3 2014, compared to CNY 2,579,999.02 in the same period last year[26] - The company reported an investment activity cash flow net loss of approximately ¥575.5 million for the first nine months of 2014, compared to a loss of ¥1.277 billion in the same period last year[34] - Total cash inflow from investment activities was $101,817,743.29, significantly higher than $24,938,426.26 in the previous year[37] Expenses - The company incurred asset impairment losses of approximately ¥197.9 million for the first nine months of 2014, a significant increase from ¥73.6 million in the same period last year[30] - The company’s sales expenses for the first nine months of 2014 were approximately ¥118.9 million, down 19.6% from ¥148.1 million in the previous year[30] - The company’s management expenses for the first nine months of 2014 were approximately ¥152.5 million, a decrease of 28.5% from ¥213.5 million in the same period last year[30] Other Financial Metrics - The weighted average return on equity decreased by 4.74 percentage points to 2.73%[6] - The company reported a total of CNY 12,263,970.46 in non-recurring gains and losses for the current period[7] - Deferred income tax assets rose by 30.42% to CNY 115.96 million primarily due to increased provision for bad debts[10] - Notes payable surged by 165.90% to CNY 606.14 million mainly due to an increase in acceptance bill settlements[10] - Tax payable decreased by 90.28% to CNY 6.55 million, mainly due to a reduction in corporate income tax and value-added tax[10]