WANXIN MEDIA(SH:601801)2014-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 4,209,869,639.08, a growth of 30.82% year-on-year[8] - Net profit attributable to shareholders for the first nine months was CNY 571,938,827.82, up 19.96% from the same period last year[8] - Basic earnings per share increased by 21.15% to CNY 0.63 compared to CNY 0.52 in the previous year[9] - The company reported a net profit of CNY 446,368,581.92 for the third quarter, a slight increase of 1.34% compared to the previous quarter[9] - Total revenue for Q3 2014 reached ¥1,698,805,266.45, an increase of 28% compared to ¥1,327,607,039.41 in Q3 2013[37] - Net profit for the first nine months of 2014 was ¥4,209,869,639.08, compared to ¥3,218,100,651.48 for the same period in 2013, indicating a growth of 30.8%[37] - The company reported a significant increase in other receivables, rising to ¥260,354,697.47 from ¥115,068,463.41, a growth of 126.3%[32] - The total profit for Q3 2014 was approximately ¥693.47 million, compared to ¥139.91 million in the previous year, representing a significant increase of 396%[41] Assets and Liabilities - Total assets increased by 21.25% to CNY 7,577,174,328.16 compared to the end of the previous year[8] - Total liabilities increased to ¥2,465,745,393.55 from ¥1,579,487,756.31, marking a 56.2% rise[29] - The company's inventory increased by 31.21% to ¥941,861,149.88, compared to ¥717,801,828.62, due to expanded sales preparations[16] - The company's long-term equity investments increased by 74.39% to ¥95,325,393.45, compared to ¥54,660,940.98, due to subscriptions to a fund partnership[16] - The accounts receivable surged by 257.48% to ¥1,401,674,833.70, up from ¥392,093,871.53, primarily due to delayed payments for government procurement of free educational materials[16] Cash Flow - Cash flow from operating activities decreased by 48.52% to CNY 35,375,423.13 for the first nine months[8] - Cash received from sales of goods and services increased by 37.41% to ¥3,521,967,484.04, up from ¥2,563,148,105.99, reflecting higher sales volume[20] - Cash paid for purchasing goods and services increased to ¥2,982,244,637.81, reflecting a 53.47% rise due to increased sales[21] - The company's cash and cash equivalents decreased from ¥2,466,441,315.25 at the beginning of the year to ¥1,800,699,123.55 by the end of the reporting period[27] - The company's cash flow from investing activities for the first nine months was approximately ¥1.29 billion, down from ¥2.18 billion in the previous year, indicating a decrease of 41%[44] Shareholder Information - The number of shareholders at the end of the reporting period was 18,234[13] - The largest shareholder, Anhui Xinhua Group, holds 75.73% of the shares[13] - The company committed to distributing at least 10% of its distributable profits as cash dividends annually, with a cumulative distribution of no less than 30% over three years[25] Government Support and Subsidies - The company received government subsidies amounting to CNY 16,485,986.26, closely related to its normal business operations[10] Investment Performance - Investment income rose by 64.25% to ¥102,952,437.69, compared to ¥62,679,757.03, driven by returns from bank wealth management and trust investments[18] - The fair value gains on financial assets amounted to ¥6,566,712.74, a significant increase of 851.30% from ¥690,285.67, attributed to changes in the fair value of trading financial assets[18] - The company reported a significant increase in investment income cash receipts, rising by 72.88% to ¥102,952,437.69 due to gains from the sale of shares in a subsidiary[21]