JYC(SZ:000546)2014-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 77.43% to CNY 6,162,504.46 for the current period[7] - Operating revenue decreased by 24.01% to CNY 38,539,421.34 for the current period[7] - Basic earnings per share decreased by 77.41% to CNY 0.0364 for the current period[7] - The weighted average return on equity decreased by 13.98% to 3.44% for the current period[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 658.42% to CNY 5,939,532.66 year-to-date[7] - The company reported a significant decrease in financial expenses by 122.98% to -1,607,309.05, due to interest income offsetting financial costs[15] - The investment loss was recorded at -5,290,464.14, a decline of 111.58%, primarily due to the adjustment of equity accounting for investments[15] Assets and Liabilities - Total assets decreased by 6.58% to CNY 270,986,258.63 compared to the end of the previous year[7] - Cash and cash equivalents increased by 79.68% to 13,617,542.46, primarily due to prepayments from customers at Qinghai Lake Cement Company[15] - Accounts receivable decreased by 100% to 0.00, mainly due to the maturity of acceptance bills at Qinghai Lake Cement Company[15] - Construction in progress surged by 1329.52% to 4,556,520.56, attributed to new projects at Qinghai Lake Cement Company[15] - Accounts payable rose by 71.62% to 18,446,989.08, reflecting increased raw material procurement at Qinghai Lake Cement Company[15] - Deferred income tax liabilities increased by 35.47% to 9,903,543.88, due to fair value changes in held stocks[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,438[11] - The largest shareholder, Jiangsu Kaiyuan Asset Management Co., Ltd., holds 13.65% of the shares[11] - Minority shareholders' profit increased by 563.22% to 489,127.01, reflecting growth in the real estate subsidiary's minority interests[16] Government Support and Subsidies - The company received government subsidies amounting to CNY 1,070,424.02 during the reporting period[8] - Operating income rose by 122.05% to 2,644,812.43, driven by government subsidies and VAT refunds received by Qinghai Lake Cement Company[16] Investments and Equity Holdings - The company holds 834,860 shares of Aviation Power (stock code: 600893), representing 0.08% of total shares at the beginning of the period, with a book value of ¥24,812,039.20[20] - The company reported a total loss of ¥46,650,632.18 from long-term equity investments and available-for-sale financial assets during the reporting period[24] - The company holds an 18% stake in Jilin Aodong Pharmaceutical Co., Ltd., with a long-term equity investment cost of ¥2,000,000, which has been fully impaired in previous years[24] - The accounting policy changes regarding long-term equity investments do not affect the total assets, liabilities, net assets, or net profit for the fiscal years 2013 and Q3 2014[25] - There were no other listed company equity holdings during the reporting period[20] Future Outlook and Activities - The company anticipates significant changes in cumulative net profit from the beginning of the year to the next reporting period[20] - The company has not reported any new product or technology developments, market expansions, or mergers during the reporting period[20] - The company has not provided any future performance guidance or outlook in the current report[20] - The company did not engage in any derivative investments during the reporting period[21] - The company did not conduct any research, communication, or interview activities during the reporting period[22] Corporate Transactions - The company plans to acquire 100% equity of Jinyuan Holdings and Kang En Bei Group through a non-public share issuance, constituting a related party transaction[17]