SCS(SH:601555)2014-10-30 16:00Financial Performance - Operating revenue for the first nine months was CNY 2.11 billion, up 70.50% year-on-year[6]. - Net profit attributable to shareholders was CNY 772.83 million, representing a 144.12% increase compared to the same period last year[6]. - Basic earnings per share before deducting non-recurring gains and losses was CNY 0.36, a 125.00% increase from CNY 0.16[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 601.96 million, a 93.38% increase year-on-year[6]. - The company's net profit increased, contributing to a 79.30% rise in undistributed profits to CNY 1,476,085,079.98[16]. - The net profit for the period was ¥426,868,010.35, representing a 284.5% increase from ¥126,373,982.87 in Q3 2013[51]. - Total comprehensive income for the period was ¥543,521,194.35, compared to ¥119,331,902.37 in Q3 2013, indicating a growth of 354.5%[51]. Assets and Liabilities - Total assets reached CNY 42.18 billion, an increase of 114.77% compared to the end of the previous year[6]. - Total liabilities rose significantly, with other liabilities increasing by 406.91% to CNY 3,610,213,605.64, mainly due to structured entities' obligations[16]. - The total liabilities of the company amounted to CNY 28.39 billion, up from CNY 11.74 billion, which is an increase of approximately 142.5%[46]. - The total assets of Dongwu Securities reached CNY 42.18 billion as of September 30, 2014, compared to CNY 19.64 billion at the beginning of the year, reflecting a growth of approximately 114.3%[45]. Cash Flow - The net cash flow from operating activities for the first nine months was CNY -1.68 billion, compared to CNY -806.55 million in the same period last year[6]. - The net cash flow from operating activities was negative at RMB -1,683,456,125.21, worsening from RMB -806,552,263.59 in the previous year, attributed to increased payments for interest, fees, and taxes[19]. - Operating cash inflow for the period reached CNY 13,023,271,287.35, a significant increase from CNY 2,647,237,148.01 in the previous year, reflecting a growth of approximately 390%[58]. - The company reported a net increase in cash and cash equivalents of CNY 4,640,820,204.33, reversing a decrease of CNY -1,078,916,466.44 from the previous year[59]. Shareholder Information - The company reported a total of 10,000 shareholders as of the end of the reporting period[12]. - The number of shareholders reached 51,527, indicating a broad base of ownership[14]. Investment and Income - The net income from commission and fees for the first nine months of 2014 reached RMB 1,060,209,625.53, a 51.99% increase compared to RMB 697,537,738.66 in the same period of 2013, primarily due to increased investment banking revenue[18]. - The net income from investment banking fees surged by 456.76% to RMB 370,606,165.03, up from RMB 66,564,634.25, driven by higher underwriting, sponsorship, and financial advisory service revenues[18]. - Investment income rose by 90.78% to RMB 726,204,616.15 from RMB 380,641,966.87, mainly due to gains from trading financial assets and the acquisition of Dongwu Asset Management equity[18]. Changes in Equity - The company’s equity structure was strengthened with a 35.00% increase in share capital to CNY 2,700,000,000.00 due to a targeted issuance[16]. - The equity attributable to shareholders increased to CNY 13.64 billion from CNY 7.83 billion, reflecting a growth of about 74.5%[46]. Government Support - The company received government subsidies amounting to CNY 6.41 million during the reporting period[10]. Accounting Changes - The company implemented revised accounting standards effective July 1, 2014, impacting the consolidated financial statements[27]. - The change in long-term equity investment accounting resulted in a decrease of RMB 283,480,680 in "long-term equity investments" and an increase of the same amount in "available-for-sale financial assets" as of December 31, 2013[30].