PACIFIC QUARTZ(SH:603688)2015-10-27 16:00Financial Performance - Operating revenue for the first nine months was CNY 292,826,419.71, representing a year-on-year increase of 9.09%[6] - Net profit attributable to shareholders for the first nine months was CNY 60,375,292.77, an increase of 18.06% compared to the same period last year[6] - Cash flow from operating activities for the first nine months was CNY 36,514,709.57, an increase of 19.14% year-on-year[6] - Operating revenue increased by 9.09% to RMB 292,826,419.71, primarily driven by higher sales of quartz tubes and crucibles[15] - Net profit rose by 18.06% to RMB 60,375,292.77, attributed to increased revenue and improved profitability[15] - Operating profit for the first nine months of 2015 was CNY 67,750,058.90, an increase of 20.6% compared to CNY 56,217,892.27 in the same period of 2014[43] - Net profit for the first nine months of 2015 was CNY 63,911,262.35, up 26.0% from CNY 50,716,705.19 in the previous year[46] - The company reported a total profit of CNY 74,388,265.39 for the first nine months of 2015, an increase of 25.6% from CNY 59,229,734.14 in the same period last year[45] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,184,554,556.28, a decrease of 5.57% compared to the end of the previous year[6] - The company's current assets totaled CNY 706,485,047.86, down from CNY 847,426,996.48 at the beginning of the year, indicating a decline of approximately 16.6%[35] - Total liabilities were reported at CNY 59,851,844.43, with current liabilities totaling CNY 42,407,406.51, down from CNY 59,237,982.15 at the beginning of the year[36] - The company’s total liabilities decreased by 39.79% in accounts payable, amounting to RMB 29,276,657.05, as a result of payments made during the reporting period[14] - Non-current assets totaled CNY 478,069,508.42, up from CNY 407,063,203.91, indicating a growth of about 17.4%[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,228[11] - The largest shareholder, Chen Shibin, held 29.48% of the shares, totaling 65,985,000 shares[11] - The company will not transfer or delegate the management of its shares within 36 months from the date of the stock listing[20] - After the lock-up period, the company can only reduce its holdings of old shares by a maximum of 15% within the first 12 months[21] - The company commits to not engaging in any business that competes with its operations during the period of being a controlling shareholder[26] Cash Flow and Investments - Cash and cash equivalents decreased by 33.02% to RMB 375,111,180.44 due to dividend payments, property purchases, and project investments[13] - The company experienced a cash outflow from investing activities of CNY 111,571,137.69, compared to CNY 37,623,154.39 in the previous year, indicating increased investment activities[50] - Cash flow from financing activities showed a net outflow of $113,100,000.00, compared to $1,350,000.00 in the same period last year[53] - The ending balance of cash and cash equivalents was $374,302,018.14, a decrease from $557,650,939.50 at the beginning of the period[53] Compliance and Commitments - The company has committed to ensuring compliance with profit distribution commitments, with no violations reported during the period[32] - There were no violations of commitments during the reporting period[22] - The lock-up period for shares will be automatically extended by 1 year if there is a violation of the commitments[22] - The controlling shareholder will not seek any benefits beyond those stipulated in the agreements with the company[28]