COSHIP(SZ:002052)2014-08-26 16:00Financial Performance - Operating revenue for the reporting period was ¥471,463,744.97, a decrease of 13.41% year-on-year[7]. - Net profit attributable to shareholders was ¥3,029,527.02, down 96.46% compared to the same period last year[7]. - The basic earnings per share was ¥0.01, a decrease of 96.00% year-on-year[7]. - Total profit decreased by 81.50% compared to the same period last year, mainly due to a decline in gross profit margin and increased expenses[28]. - Net profit decreased by 81.06% compared to the same period last year, primarily due to a decline in gross profit margin and increased expenses[29]. - Total operating revenue for Q3 2013 was CNY 471,463,744.97, a decrease of 13.38% compared to CNY 544,501,367.14 in the same period last year[53]. - Operating profit for Q3 2013 was CNY -479,333.06, a significant decline from CNY 68,506,974.38 in Q3 2012[53]. - Net profit attributable to shareholders for Q3 2013 was CNY 3,029,527.02, down 96.45% from CNY 85,492,848.71 in Q3 2012[54]. - Basic earnings per share for Q3 2013 was CNY 0.01, compared to CNY 0.13 in the same period last year[54]. - Total profit for the current period was ¥19,780,445.70, a decrease of 81.5% from ¥106,899,922.95 year-over-year[58]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥166,354,861.53, a decrease of 360.42% compared to the previous year[7]. - Net cash flow from operating activities decreased by 360.42% compared to the same period last year, mainly due to increased inventory and accounts payable[29]. - Cash flow from operating activities showed a net outflow of ¥166,354,861.53, contrasting with a net inflow of ¥63,879,851.94 in the previous period[63]. - Net cash flow from operating activities was -¥138,186,023.47, slightly improved from -¥139,912,114.28 year-over-year[66]. - Cash inflow from financing activities was ¥1,330,000,796.81, a decrease of 9.6% compared to ¥1,471,657,101.50 in the previous period[67]. - Net cash flow from financing activities improved to ¥219,815,942.77 from -¥120,451,901.96 year-over-year[67]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,256,529,043.09, an increase of 3.24% compared to the end of the previous year[7]. - The company's total liabilities reached CNY 2,008,294,137.77, compared to CNY 1,891,020,087.41 at the beginning of the period, marking an increase of about 6.2%[47]. - The company's current assets totaled CNY 2,398,751,405.65, up from CNY 2,196,036,624.42 at the start of the period, indicating a growth of approximately 9.2%[46]. - Total assets as of the end of Q3 2013 were CNY 3,302,844,954.69, a decrease from CNY 3,366,027,737.73 at the beginning of the year[51]. - Total liabilities as of the end of Q3 2013 were CNY 1,958,115,572.42, down from CNY 2,047,756,191.83 at the beginning of the year[51]. Shareholder Information - The company's total number of shareholders at the end of the reporting period was 44,676[10]. - Capital reserves decreased by 33.87% compared to the beginning of the period, mainly due to the transfer of capital reserves to increase share capital during the reporting period[26]. - Undistributed profits decreased by 54.12% compared to the beginning of the period, primarily due to profit distribution during the reporting period[27]. - The equity attributable to shareholders increased to CNY 682,959,694.00 from CNY 341,479,847.00, indicating a doubling of equity[47]. Inventory and Receivables - Accounts receivable increased by 51.79% compared to the beginning of the period, mainly due to outstanding receivables[14]. - Prepayments increased by 69.42% compared to the beginning of the period, primarily due to advance payments for inventory[15]. - Inventory rose by 51.47% compared to the beginning of the period, attributed to increased raw materials and finished goods for sales[16]. - Inventory levels rose to CNY 456,696,294.73 from CNY 301,508,182.71, representing an increase of approximately 51.5%[46]. Financing Activities - Short-term borrowings increased by 38.57% compared to the beginning of the period, indicating a reliance on short-term financing[20]. - The company's short-term borrowings increased significantly to CNY 1,226,155,443.97 from CNY 884,852,543.31, reflecting a rise of about 38.7%[47]. - The company received ¥1,330,000,796.81 in cash from borrowings, down from ¥1,471,657,101.50 in the previous period[67]. - Cash paid for debt repayment was ¥1,044,856,334.08, a decrease from ¥1,528,126,930.71 year-over-year[67]. Investment Activities - Net cash flow from investing activities increased by 94.09% compared to the same period last year, mainly due to the completion of fundraising projects in Nantong[30]. - The company invested $15 million to establish a joint venture, International Communication Media Co., Ltd., holding a 30% stake[35]. - The company completed the fundraising projects for the production of 2 million high-definition digital set-top boxes and 2 million two-way interactive digital set-top boxes, with surplus funds of 30.398 million RMB permanently supplementing working capital[40].