*ST新纺(002087) - 2014 Q3 - 季度财报

Financial Performance - Operating revenue decreased by 4.45% to CNY 767,105,168.93 for the current period, while year-to-date revenue increased by 0.21% to CNY 2,388,870,355.37[4] - Net profit attributable to shareholders decreased by 23.11% to CNY 12,464,096.27 for the current period, and year-to-date net profit decreased by 16.73% to CNY 52,750,894.78[4] - The net cash flow from operating activities decreased by 46.44% to CNY 94,637,796.39 year-to-date[4] - The estimated net profit attributable to shareholders for 2014 is expected to be between 80.12 million yuan and 96.15 million yuan, representing a change of 0.00% to 20.00% compared to the previous year[17] - The expected increase in gross profit margin is attributed to the lower listing price of new cotton in 2014[17] Assets and Liabilities - Total assets increased by 16.18% to CNY 5,815,794,259.83 compared to the end of the previous year[4] - The company experienced a 70.83% increase in current liabilities due to the reclassification of long-term loans[12] - The company issued CNY 400 million in non-public debt financing tools, resulting in a 65.78% increase in the balance of payable bonds compared to the beginning of the year[12] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 39,012[8] - The largest shareholder, Xin Ye County Finance Bureau, holds 33.00% of the shares, amounting to 171,507,840 shares[8] Investment Activities - The net cash flow from investment activities was CNY -271,361,000 for the current period, primarily due to investments in special yarn projects[13] - The company acquired 42% of the equity of its subsidiary Xinjiang Yuhua Textile Technology Co., Ltd. for 49.4 million yuan, resulting in 100% ownership[14] Management and Operations - The company reported a 42.14% increase in management expenses due to increased R&D investment for product structure transformation[12] - The company is implementing the "retreating from the city to the park" project, with the old factory area of 591.96 acres successfully changing from industrial land to commercial and residential land[14] Other Investments - The company holds 600,000 shares of *ST Yihua, with a fair value of 2.88 million yuan at the end of the reporting period[18]