SHBT(SH:603009)2014-10-27 16:00Financial Performance - Operating revenue for the first nine months rose by 21.93% to CNY 455,587,304.75 compared to the same period last year[7] - Net profit attributable to shareholders increased by 15.48% to CNY 31,796,285.91 compared to the same period last year[7] - Net profit for the first nine months of 2014 was ¥41,165,663.96, compared to ¥30,887,150.74 for the same period in 2013, indicating a growth of 33.5%[55] - The total profit for the first nine months of 2014 was ¥33,223,623.81, compared to ¥27,580,782.38 in the same period of 2013, indicating a growth of 20.5%[56] - The company's operating revenue for Q3 2014 was ¥117,160,138.23, an increase of 3.9% compared to ¥112,712,782.40 in Q3 2013[58] - The net profit for Q3 2014 was ¥9,732,790.11, compared to ¥9,285,319.84 in Q3 2013, reflecting a growth of 4.8%[56] Assets and Liabilities - Total assets increased by 22.36% to CNY 815,757,141.03 compared to the end of the previous year[7] - Current liabilities totaled ¥358,684,353.09, a decrease of 8.6% from ¥392,365,183.90 at the start of the year[49] - Total current assets rose to ¥484,030,678.80 from ¥367,808,253.41, indicating an increase of about 31.6%[46] - The company's fixed assets increased to ¥251,747,227.31 from ¥233,963,400.45, showing a growth of approximately 7.6%[46] Shareholder Information - Net assets attributable to shareholders increased by 72.84% to CNY 431,323,284.78 compared to the end of the previous year[7] - The total number of shareholders reached 12,350 by the end of the reporting period[12] - The largest shareholder, Jin Kun, holds 52.82% of the shares, all of which are frozen[12] Cash Flow - Net cash flow from operating activities surged by 146.25% to CNY 87,884,916.31 compared to the same period last year[7] - The net cash flow from operating activities for the first nine months of 2014 was ¥87,884,916.31, significantly higher than ¥35,689,124.45 in the same period of 2013[62] - Cash inflow from financing activities amounted to ¥285,974,324.39, an increase from ¥263,132,083.33 in the previous year[65] - The ending balance of cash and cash equivalents was ¥111,908,594.67, compared to ¥21,245,551.72 at the end of the previous year[65] Expenses - Management expenses rose by 33.94% to ¥40,728,668.55, primarily due to increased R&D and salary costs[16] - Financial expenses increased by 36.20% to ¥15,405,327.14, reflecting higher bank borrowings in the first half of the year[16] - The company incurred management expenses of ¥10,008,489.95 in Q3 2014, up from ¥7,195,030.04 in Q3 2013, reflecting an increase of 39.5%[58] Inventory and Receivables - Other receivables rose by 36.18% to ¥2,312,839.61, attributed to increased petty cash loans[14] - The company reported a significant increase in other receivables, which rose to ¥155,510,121.92 from ¥111,482,040.61, an increase of 39.5%[51] - Inventory levels increased to ¥131,232,664.51 from ¥108,415,938.76, reflecting a growth of approximately 21%[46] Government Support and Investments - The company received government subsidies amounting to CNY 1,453,907.50 during the reporting period[9] - The company received ¥50,000,000.00 from investment recoveries, attributed to the maturity of financial products[16] - The company acquired land use rights for ¥44,150,000.00, with a plot area of 58,854.6 square meters[22] Stock and Corporate Governance - The company has committed to measures for stabilizing its stock price, including potential stock buybacks if the stock price falls below the latest audited net asset value for 20 consecutive trading days[36] - The company plans to implement stock repurchase programs within 12 months after shareholder approval, with repurchase prices not exceeding the latest audited net asset value per share[39] - The company’s board will convene within 5 working days to discuss specific stock stabilization measures if conditions are met[38] - The company’s major shareholders have committed to not using their positions to seek undue benefits or harm the rights of other shareholders[33] Accounting and Reporting - The company has not reported any significant changes in cumulative net profit forecasts compared to the previous year[44] - The company is adhering to new accounting standards without affecting previous financial statements[44]