国机精工(002046) - 2014 Q3 - 季度财报

Financial Performance - Operating revenue decreased by 33.56% to CNY 99,278,632.16 for the current period, and decreased by 21.32% to CNY 367,245,730.82 year-to-date[9] - Net profit attributable to shareholders was a loss of CNY 3,215,703.54, a decrease of 145.05% compared to the same period last year[9] - Basic earnings per share was -0.009, a decrease of 139.13% compared to the same period last year[9] - The net profit attributable to shareholders decreased by 63.76%, from 29,563,287.11 to 10,713,563.15, primarily due to reduced operating income and government subsidies[18] - The company's operating profit fell by 46.84%, from 6,095,361.65 to 3,240,542.14, attributed to decreased operating income and profits from joint ventures[18] - The company expects a net profit attributable to shareholders for 2014 to decline by 75.00% to 45.00% compared to the previous year[24] - The company's investment income turned negative at -60,419.90, a decrease of 296.07% compared to the previous period[18] Assets and Shareholder Equity - Total assets increased by 13.20% to CNY 2,319,924,502.11 compared to the end of the previous year[9] - Net assets attributable to shareholders increased by 28.68% to CNY 1,363,176,097.96 compared to the end of the previous year[9] - The company's cash and cash equivalents increased by 172.60% due to the implementation of a rights issue during the reporting period[19] - The company's accounts receivable decreased by 64.77%, reflecting a shift to using bills for supplier settlements[18] - The company's long-term prepaid expenses decreased by 64.29% due to amortization during the reporting period[18] Cash Flow - The company reported a net cash flow from operating activities of -CNY 2,786,831.65, an increase of 95.90% year-on-year[9] - The company's cash flow from operating activities improved by 95.90%, moving from -67,987,831.47 to -2,786,831.65, due to reduced guarantee deposits[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,402[14] - The largest shareholder, China National Machinery Industry Corporation, holds 41.07% of the shares[14] - The company did not conduct any repurchase transactions during the reporting period[15] Fundraising and Investment Plans - The total amount raised from the rights issue was 250,944,569.10, with a net amount of 235,817,721.91 after deducting issuance costs[20] - The company plans to invest the raised funds into a new production line for precision bearings and to supplement working capital[20] Accounting Policies - There were no significant changes in accounting policies or errors that required restatement of previous financial data[9]