Aokanginternational(SH:603001)2014-10-24 16:00Financial Performance - Net profit attributable to shareholders decreased by 27.98% to CNY 185,547,542.94 for the first nine months of the year[8] - Basic earnings per share decreased by 27.98% to CNY 0.4627[9] - The net profit excluding non-recurring gains and losses decreased by 37.65% to CNY 156,068,017.21 for the first nine months of the year[8] - The company reported a significant reduction in short-term borrowings, which were previously CNY 13,315,641.12[22] - The net profit for the first nine months of 2014 reached CNY 2,097,314,824.24, slightly up from CNY 2,085,764,788.14 in the previous year[29] - The total profit for the first nine months of 2014 was CNY 99,263,780.42, compared to CNY 74,179,025.86 for the same period last year, indicating a growth of approximately 33.8%[33] - The net profit for Q3 2014 was CNY 34,872,864.56, compared to CNY 63,052,171.98 for the same period last year, representing a decline of approximately 44.8%[33] Revenue and Costs - Operating revenue increased by 0.55% to CNY 2,097,314,824.24 for the first nine months of the year[8] - Total operating revenue for Q3 2014 was CNY 646,349,029.81, an increase of 8.8% compared to CNY 593,820,209.52 in Q3 2013[29] - Total operating costs for Q3 2014 were CNY 616,890,320.92, up 15.1% from CNY 536,218,819.87 in the same period last year[29] - The total operating costs for Q3 2014 were CNY 171,888,076.71, slightly lower than CNY 177,053,969.02 in the same period last year[33] - The company reported a decrease in management expenses to CNY 67,478,857.51 for the first nine months of 2014, down from CNY 86,356,315.41 in the previous year[33] Assets and Liabilities - Total assets decreased by 4.44% to CNY 4,566,358,782.43 compared to the end of the previous year[8] - Cash and cash equivalents decreased by 33.77% to ¥856,240,847.98 from ¥1,292,808,392.90 due to funds used for purchasing financial products[12] - The total current liabilities decreased to CNY 1,250,000,000.00 from CNY 1,500,000,000.00, a reduction of 16.7%[22] - The company's total assets as of September 30, 2014, were CNY 3,140,241,019.32, a decrease from CNY 3,171,747,611.68 at the beginning of the year[25] - Current liabilities totaled CNY 198,731,022.68, down from CNY 224,537,832.46 at the start of the year, indicating improved liquidity management[26] Cash Flow - Cash flow from operating activities improved to a net inflow of CNY -103,873,787.54, compared to CNY -259,869,626.25 in the same period last year[8] - Cash inflow from operating activities totaled 1,010,864,317.72 CNY, up from 892,895,379.26 CNY year-over-year[39] - Cash outflow from operating activities was CNY 2,601,366,513.76 for the first nine months of 2014, compared to CNY 3,036,311,271.20 in the same period last year[36] - Net cash flow from investing activities was -237,596,854.06 CNY, an improvement from -510,974,769.07 CNY year-over-year[37] - Cash flow from investment activities showed a net outflow of -258,154,836.28 CNY, an improvement from -320,221,756.81 CNY year-over-year[39] Shareholder Information - The total number of shareholders reached 17,143 by the end of the reporting period[10] - The largest shareholder, Aokang Investment Co., Ltd., holds 50.93% of the shares and has pledged 78,000,000 shares[10] - The total equity attributable to shareholders increased to CNY 2,941,509,996.64 from CNY 2,947,209,779.22, indicating stability in shareholder value[26] Government Support and Investments - The company received government subsidies amounting to CNY 12,187,920.59 during the reporting period[9] - Investment income rose by 136.06% to ¥19,799,465.09 from ¥8,387,604.49, mainly due to increased returns from purchased financial products[14] - Operating income from non-operating activities increased by 108.59% to ¥21,625,026.30 from ¥10,367,168.90, primarily due to increased government subsidies[14] - The company reported an asset impairment loss of ¥62,763,579.70, primarily for bad debt provisions and inventory write-downs[14]