Bohai Ferry (SH:603167)2014-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 4.13% to CNY 206,215,286.80 year-on-year[8] - Operating revenue declined by 7.13% to CNY 843,895,293.90 compared to the same period last year[8] - The weighted average return on net assets decreased by 0.76 percentage points to 7.78%[8] - Basic and diluted earnings per share both decreased by 4.44% to CNY 0.43[8] - Total operating revenue for Q3 2014 was CNY 345,588,829.24, a decrease of 1.0% compared to CNY 351,320,806.96 in Q3 2013[31] - Net profit for Q3 2014 was CNY 70,957,875.13, down 11.7% from CNY 80,320,326.14 in Q3 2013[32] - Total profit for Q3 2014 was CNY 96,139,446.05, a decrease of 10.0% from CNY 106,999,468.96 in Q3 2013[32] - Operating profit for Q3 2014 was CNY 78,863,183.30, down 26.2% from CNY 106,844,878.73 in Q3 2013[31] - Total comprehensive income for Q3 2014 was CNY 70,957,875.13, compared to CNY 80,320,326.14 in Q3 2013[32] - Investment income for Q3 2014 showed a loss of CNY 4,771,559.99, compared to a gain of CNY 67,061.40 in Q3 2013[36] Cash Flow - Net cash flow from operating activities decreased by 7.2% to CNY 281,589,207.51 for the first nine months[7] - Total cash flow from operating activities for the first nine months of 2014 was CNY 951,840,809.49, an increase from CNY 932,716,133.37 in the same period of 2013[38] - Operating cash inflow for Q3 2014 totaled CNY 1,495,925,079.20, an increase from CNY 1,028,865,555.30 in the same period last year[39] - Net cash flow from operating activities for Q3 2014 was CNY 281,589,207.51, down from CNY 303,437,718.82 year-over-year[39] - Investment cash outflow for Q3 2014 reached CNY 604,403,852.62, significantly higher than CNY 174,834,698.96 in Q3 2013[40] - Net cash flow from investing activities for Q3 2014 was -CNY 604,151,808.54, compared to -CNY 174,804,198.96 in the previous year[40] - Financing cash inflow for Q3 2014 was CNY 609,250,400.00, a notable increase from CNY 66,715.81 in Q3 2013[40] - Net cash flow from financing activities for Q3 2014 was CNY 476,018,091.28, compared to -CNY 90,375,244.19 in the same period last year[40] - Cash and cash equivalents at the end of Q3 2014 amounted to CNY 243,601,975.48, up from CNY 122,847,211.15 at the end of Q3 2013[40] Assets and Liabilities - Total assets increased by 24.68% to CNY 3,571,252,550.19 compared to the end of the previous year[7] - Current assets increased to ¥336,493,941.06 from ¥125,635,878.03, representing a growth of 167.1%[23] - Total liabilities increased to ¥847,850,538.63 from ¥274,547,454.62, a rise of 209.5%[25] - Long-term borrowings surged to ¥674,250,400.00 from ¥150,000,000.00, marking an increase of 349.5%[25] - Non-current assets totaled ¥3,234,758,609.13, compared to ¥2,738,745,633.78, an increase of 18.1%[24] - Shareholders' equity rose to ¥2,723,402,011.56 from ¥2,589,834,057.19, reflecting a growth of 5.2%[25] Shareholder Information - The total number of shareholders reached 16,826 at the end of the reporting period[10] - The largest shareholder, Dalian Ocean Fisheries Group, holds 37.05% of the shares[10] Operational Changes - Government subsidies recognized in the current period amounted to CNY 17,241,666.65[9] - Revenue from government subsidies rose by 40.21% to CNY 110,308,566.68, contributing positively to operating income[15] - Financial expenses increased by 61.02% to CNY 12,853,347.84, mainly due to loan guarantees for cruise purchases[15] - The company has paid CNY 284,528,000.00 for the construction of two passenger ferries, with total payments reaching CNY 497,924,000.00 by the end of the reporting period[15] - The company established a wholly-owned subsidiary in Hong Kong and signed a contract to purchase a cruise ship for USD 43,680,000.00[16] Inventory and Receivables - Prepaid accounts increased by 302.94% to CNY 4,590,553.71 due to advance payments for office renovations[14] - Other receivables rose by 127.02% to CNY 6,371,980.35, attributed to increased ticket sales from travel agencies[14] - Inventory increased by 53.39% to CNY 20,505,202.65, primarily due to the addition of cruise ship stock[14]