BAMC(SH:601137)2015-10-20 16:00Financial Performance - Operating revenue for the first nine months reached CNY 2,300,032,665.51, a growth of 3.29% year-on-year[7] - Net profit attributable to shareholders increased by 4.82% to CNY 53,185,819.62 for the first nine months[7] - Basic earnings per share increased by 4.17% to CNY 0.25[7] - Total revenue for Q3 2015 reached ¥812,269,303.45, an increase of 6.5% compared to ¥764,941,378.88 in Q3 2014[27] - Year-to-date revenue for the first nine months of 2015 was ¥2,300,032,665.51, up from ¥2,226,843,717.72 in the same period last year, reflecting a growth of 3.3%[27] - Net profit for Q3 2015 was ¥15,840,045.69, a rise from ¥14,654,907.69 in Q3 2014, representing an increase of 8.1%[28] - The total comprehensive income for the first nine months of 2015 was CNY 56,704,104.69, compared to CNY 51,406,808.08 in the same period last year, reflecting an increase of approximately 10.6%[30] Cash Flow and Liquidity - Cash flow from operating activities improved significantly, with a net amount of CNY 54,393,934.58 compared to a negative CNY 146,709,032.64 in the same period last year, marking a 137.08% increase[7] - Operating cash inflow for Q3 2015 was CNY 2,614,797,809.98, a decrease from CNY 2,624,206,545.28 in Q3 2014[34] - Net cash outflow from operating activities was CNY 54,393,934.58, compared to a net outflow of CNY -146,709,032.64 in the same period last year[34] - Cash flow from investing activities showed a net outflow of CNY -284,682,169.01, significantly higher than CNY -89,801,852.28 in Q3 2014[34] - Cash flow from financing activities resulted in a net inflow of CNY 128,774,873.98, up from CNY 124,203,292.30 in Q3 2014[35] - The net cash flow from operating activities for the first nine months was CNY -40,904,534.88, an improvement from CNY -184,659,165.13 in the previous year[37] Assets and Liabilities - Total assets increased by 8.16% to CNY 3,004,491,548.75 compared to the end of the previous year[7] - The company's current assets totaled CNY 1,596,187,495.28, up from CNY 1,417,133,893.58 at the start of the year, indicating a growth of approximately 12.6%[20] - Total current liabilities rose to CNY 742,716,704.97 from CNY 643,232,859.20, marking an increase of approximately 15.5%[21] - Total liabilities increased to ¥993,017,733.20 as of September 30, 2015, from ¥528,429,686.82 at the beginning of the year, reflecting an increase of 88.0%[25] - Long-term borrowings increased significantly to CNY 190,839,000.00 from CNY 91,785,000.00, which is an increase of about 107.5%[21] Shareholder Information - The total number of shareholders reached 13,112 by the end of the reporting period[10] - The largest shareholder, Bowei Group Co., Ltd., holds 49.47% of the shares, with 106,357,478 shares pledged[10] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 12,514,372.94 during the reporting period[9] - Non-recurring gains and losses totaled CNY 5,586,268.33 for the reporting period[9] Operational Changes and Strategic Focus - The company has committed to not engage in similar business activities as its subsidiaries, ensuring no competition within the industry[14] - The company is focused on reducing and standardizing related party transactions to maintain fair market practices[16] - The company is actively engaged in new business areas that may face direct competition, indicating a strategic shift towards market expansion[15] Expenses and Financial Management - The company reported a financial expense of CNY 7,170,681.12 for the first nine months, a decrease from CNY 10,104,775.38 in the same period last year, indicating a reduction of approximately 29.1%[30] - The company’s sales expenses increased to CNY 37,853,116.73 for the first nine months, up from CNY 34,695,559.67 in the same period last year, representing an increase of approximately 6.2%[30] - The company’s management expenses rose to CNY 101,493,625.60 for the first nine months, compared to CNY 94,075,141.60 in the previous year, reflecting an increase of about 7.9%[30]