澳洋健康(002172) - 2014 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -4,326,956.11, a decline of 137.45% year-on-year[6] - Operating revenue for the period was CNY 799,924,913.30, down 1.45% compared to the same period last year[6] - Net profit attributable to the parent company decreased by 233.85% compared to the same period last year, mainly due to lower gross profit and total profit during the reporting period[16] - The decline in profit levels is attributed to the continuous low prices in the short fiber market and production losses due to subsidiary shutdowns[23] Cash Flow - The net cash flow from operating activities increased by 71.45% to CNY 268,787,164.43 year-to-date[6] - Net cash flow from operating activities increased by 71.45% year-on-year, primarily because the cash received from sales of goods exceeded the cash paid for purchases compared to the previous year[16] - Net cash flow from investing activities increased by 91.87% year-on-year, mainly due to lower cash payments for fixed asset purchases compared to the previous year[16] - Net cash flow from financing activities decreased by 161.61% year-on-year, primarily due to higher cash payments for debt repayment compared to cash received from borrowings during the reporting period[16] Assets and Liabilities - Total assets decreased by 7.43% to CNY 2,644,029,893.17 compared to the end of the previous year[6] - Accounts receivable decreased by 41.46% compared to the beginning of the period, primarily due to lower bank acceptance bill amounts received from sales[15] - Prepayments increased by 132.67% compared to the beginning of the period, mainly due to increased raw material procurement prepayments[15] - Tax payable increased by 119.95% compared to the beginning of the period, mainly due to the reclassification of VAT credits[15] Investment and Subsidies - Investment income decreased by 100.00% year-on-year due to the continued suspension of operations at a joint venture[15] - Government subsidies recognized in the current period decreased by 44.46% compared to the same period last year[15] Company Projections - The company expects a net loss for the year 2014, with an estimated net profit ranging from -80 million to -60 million yuan, compared to a net profit of 20.91 million yuan in 2013[23] Company Specifics - Total assets for Manas Aoyang at the end of Q3 2014 were 108,624.81 million yuan, with net assets of 34,727.64 million yuan[19] - Total assets for Funing Aoyang at the end of Q3 2014 were 128,132.04 million yuan, with net assets of 35,459.39 million yuan[19] - Operating revenue for the first three quarters of 2014 was 120,639.96 million yuan for Manas Aoyang and 127,661.76 million yuan for Funing Aoyang[19] - Net profit for the first three quarters of 2014 was -30.80 million yuan for Manas Aoyang and -54.01 million yuan for Funing Aoyang[19]