First(SH:603806)2014-10-30 16:00Financial Performance - Operating income for the first nine months rose by 28.53% to CNY 1,736,813,133.65 compared to the same period last year[8] - Net profit attributable to shareholders decreased by 19.32% to CNY 328,381,535.36 compared to the same period last year[8] - Basic earnings per share decreased by 19.33% to CNY 0.96[8] - Diluted earnings per share also decreased by 19.33% to CNY 0.96[8] - Total operating revenue for Q3 2014 reached ¥598,279,821.35, a 28.9% increase from ¥464,234,909.39 in Q3 2013[41] - Net profit for Q3 2014 was ¥112,824,453.49, a decrease of 15% compared to ¥132,367,108.67 in Q3 2013[42] - The company reported an operating profit of ¥124,917,171.24 for Q3 2014, down from ¥164,380,021.18 in Q3 2013[42] Assets and Liabilities - Total assets increased by 69.41% to CNY 3,976,723,443.98 compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 94.52% to CNY 3,697,916,042.30 compared to the end of the previous year[8] - Cash and cash equivalents increased by 158.74% due to the funds raised from the initial public offering in September 2014[13] - Accounts receivable increased by 44.31% due to the expansion of sales scale[14] - Inventory increased by CNY 114.68 million, a growth of 54.25%, attributed to the expansion of production and sales scale[15] - Total current assets reached CNY 3,451,007,475.89, up from CNY 1,875,798,354.28, marking a growth of around 84%[33] - Current liabilities decreased to CNY 258,197,728.38 from CNY 434,794,609.47, a reduction of about 40.6%[35] - Total liabilities decreased to CNY 278,807,401.68 from CNY 446,275,590.27, a decline of approximately 37.5%[35] Cash Flow - Net cash flow from operating activities decreased by 75.45% to CNY 85,140,062.71 compared to the same period last year[8] - Cash flow from operating activities for the first nine months of 2014 was ¥1,649,215,784.83, compared to ¥1,447,157,150.78 in the same period of 2013[47] - Operating cash inflow for Q3 2014 totaled ¥1,679,686,458.22, an increase from ¥1,455,715,907.92 in the previous year, representing a growth of approximately 15.4%[48] - Total cash outflow from operating activities was ¥1,594,546,395.51, compared to ¥1,108,910,671.35 in the same period last year, indicating a significant increase of about 43.8%[48] - The net increase in cash and cash equivalents for Q3 2014 was ¥958,906,185.93, contrasting with a decrease of -¥262,796,154.25 in the previous year[49] Investments and Financing - Total cash outflow from investment activities reached ¥543,045,667.28, significantly higher than ¥85,906,606.20 in the same quarter last year, reflecting a rise of about 532%[49] - Financing cash inflow for Q3 2014 amounted to ¥1,715,423,350.72, with no comparable figure from the previous year provided[49] - Total cash outflow from financing activities was ¥313,494,147.22, down from ¥537,100,000.00 in the same period last year, showing a decrease of approximately 41.8%[49] Operational Costs and Expenses - Operating costs increased by CNY 395.47 million, a growth of 47.82%, primarily due to increased sales volume and rising procurement prices of key raw materials[20] - Sales expenses increased by CNY 5.46 million, a growth of 22.68%, attributed to the expansion of sales scale during the reporting period[21] - Total operating costs for the first nine months of 2014 were ¥1,358,666,297.64, up from ¥870,422,842.84 in the same period of 2013[41] Other Financial Metrics - The weighted average return on equity decreased by 6.85 percentage points to 16.35%[8] - Other income increased by CNY 19.50 million, a growth of 818.05%, due to an increase in various government subsidies received during the reporting period[23] - Capital reserves increased by CNY 1,511.05 million, a growth of 569860.50%, due to the issuance of new shares during the reporting period[20] - The company's retained earnings increased to CNY 1,578,066,314.63 from CNY 1,409,305,222.81, a growth of about 12%[35]