西部材料(002149) - 2014 Q3 - 季度财报

Financial Performance - Operating revenue decreased by 51.66% to CNY 183,186,595.25 year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 1,755,272.68, an increase in loss of 86.84% compared to the same period last year[5] - Other business income decreased by 77.95% to CNY 44,672,561.83 year-on-year[14] - The company expects a net profit attributable to shareholders for 2014 to range from 0 to 5,000,000, representing a decrease of 100.00% to 75.22% compared to a net profit of 20,181,600 in 2013[20] - The decrease in expected net profit is primarily due to a reduction in non-recurring gains and losses year-on-year[20] Asset Management - Total assets increased by 5.78% to CNY 2,943,762,913.77 compared to the end of the previous year[5] - Accounts receivable decreased by 53.47% to CNY 78,151,550.16 compared to the end of the previous year[12] - Prepayments increased by 260.35% to CNY 52,928,820.39 due to increased procurement payments for low-cost raw materials[13] - Construction in progress rose by 145.19% to CNY 107,542,584.69, attributed to investments in the special new materials park project[13] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 39,404,453.10, an increase of 13.76%[5] - The net cash flow from investment activities for the first nine months of 2014 was -52,570,416.64, a decrease of 136.11% compared to -22,264,841.34 in the same period of 2013[16] - The net cash flow from financing activities increased to 34,849,418.56, a significant improvement of 145.67% from -76,305,919.88 in the previous year[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,274[8] - The top ten shareholders held a combined 66.19% of the shares, with the largest shareholder holding 36.47%[8] Corporate Actions - The company has approved a non-public offering of shares and a capital increase plan for its wholly-owned subsidiary, Western Titanium Industry, as of July 15, 2014[17] - The company is actively communicating with the state-owned assets supervision and administration department regarding the restructuring of its controlling shareholder, Northwest Nonferrous Metal Research Institute[17] - There were no securities investments or holdings in other listed companies during the reporting period[21] - The commitment to avoid competition in the same industry made by Northwest Nonferrous Metal Research Institute is being fulfilled as of the reporting period[19]