COSHIP(SZ:002052)2014-08-26 16:00Financial Performance - Net profit attributable to shareholders increased by 251.85% to CNY 85,492,848.71 for the third quarter[3] - Operating revenue for Q3 reached CNY 544,501,367.14, a 49.35% increase year-on-year[3] - Basic earnings per share rose by 256.25% to CNY 0.25 for Q3[4] - Operating profit improved to ¥68,506,974.38, contrasting with a loss of ¥58,828,579.46 in the same period last year[28] - Net profit for the current period was ¥85,492,848.71, compared to a net loss of ¥56,302,150.20 in the previous year, marking a turnaround[28] - Basic earnings per share for the year-to-date period improved to ¥1.01 from a loss of ¥0.03 in the previous year[37] - The company achieved a total profit of ¥88,409,417.26, compared to a loss of ¥55,862,161.86 in the previous year[28] Assets and Liabilities - Total assets increased by 2.31% to CNY 3,055,293,778.98 compared to the end of the previous year[3] - Current assets decreased to CNY 2,068,197,885.37 from CNY 2,141,868,534.55, a decline of about 3.4%[22] - Total liabilities decreased slightly to CNY 1,831,617,087.02 from CNY 1,863,802,869.87, a reduction of approximately 1.7%[23] - Owner's equity increased to CNY 1,223,676,691.96 from CNY 1,122,590,871.04, showing a growth of about 9.0%[23] - The company’s total liabilities and owner's equity totaled CNY 3,055,293,778.98, consistent with total assets[23] Cash Flow - Cash flow from operating activities increased by 118.49% to CNY 63,879,851.94 for the first nine months[3] - Operating cash inflow for the current period was CNY 1,476,559,242.20, an increase of 9.94% from CNY 1,342,678,843.45 in the previous period[40] - Net cash flow from operating activities was CNY 63,879,851.94, a significant improvement compared to a net outflow of CNY 345,446,931.73 in the previous period[40] - Total cash outflow from investing activities was CNY 231,898,764.72, compared to CNY 45,171,569.07 in the previous period, indicating increased investment activity[40] - Cash flow from financing activities resulted in a net outflow of CNY 100,451,901.96, worsening from a net outflow of CNY 48,656,728.74 in the previous period[41] Inventory and Borrowings - Inventory increased by 44.02% due to a rise in sales orders[8] - Short-term borrowings increased by 69.79% to meet operational needs after repaying CNY 400 million in short-term financing bonds[8] - Short-term borrowings increased to CNY 986,722,522.01 from CNY 581,133,446.23, reflecting a rise of about 69.5%[23] Contracts and Partnerships - The total contract amount with South American customer EMBRATEL TVSAT TELECOM LTDA is USD 22,773,600, primarily for digital satellite set-top boxes[11] - As of September 30, 2012, the company has completed the shipment of 630,000 units to EMBRATEL, recognizing revenue of USD 22,209,300, with accounts receivable balance of USD 3,517,500[11] - The contract with Beijing Gehua Cable Television Network Co., Ltd. was amended, reducing the total amount from RMB 372,284,000 to RMB 214,063,300 and the quantity from 405,000 units to 230,000 units[12] - A new contract with Indian customer Sun Direct TV Pvt Ltd. was signed for a total amount of USD 34,000,000 for 1,000,000 digital satellite receivers, with 250,000 units already in progress as of September 30, 2012[13] Research and Development - The company is committed to ongoing research and development of new products and technologies to meet market demands[19] - The company is focused on expanding its market presence and enhancing product offerings through new contracts and partnerships[19] Investor Relations - The company has engaged in various investor communications to discuss business progress and strategies for future growth[19] - The company has not issued any corporate bonds during the reporting period[20]