*ST正邦(002157) - 2014 Q3 - 季度财报(更新)

Financial Performance - Net profit attributable to shareholders increased by 167.28% to CNY 29,888,460.99 for the reporting period[6] - Operating revenue rose by 12.70% to CNY 4,594,911,471.53 for the reporting period[6] - Basic earnings per share improved by 150.00% to CNY 0.05 for the reporting period[6] - The weighted average return on equity was 2.49%, an increase from 1.41% in the previous period[6] - Net profit for the quarter was CNY 27,321,786.61, compared to CNY 9,486,026.55 in the previous year, representing a significant increase of 187.5%[34] - The net profit for the current period is ¥20,464,284.73, compared to a net loss of ¥10,792,976.65 in the previous period, indicating a significant turnaround[37] Assets and Liabilities - Total assets increased by 10.75% to CNY 6,626,990,653.12 compared to the end of the previous year[6] - The net asset attributable to shareholders increased by 87.53% to CNY 1,824,907,920.09 compared to the end of the previous year[6] - Total current assets increased to 2,604,728,598.97 yuan from 2,489,642,057.52 yuan at the beginning of the period[26] - Total assets reached 6,626,990,653.12 yuan, up from 5,983,754,467.77 yuan[27] - Total liabilities decreased to CNY 2,639,787,913.98 from CNY 2,955,839,388.75, a reduction of 10.7%[32] - Shareholders' equity rose to CNY 1,792,523,447.13, up from CNY 819,273,919.11, indicating a growth of 118.5%[32] Cash Flow - The company reported a net cash flow from operating activities of CNY -14,023,513.32, a decrease of 736.57% compared to the same period last year[6] - The net cash flow from operating activities was -179,633,399.93 CNY, a decrease compared to 321,773,286.78 CNY in the previous period[46] - Total cash inflow from operating activities reached 5,657,246,259.99 CNY, up from 4,698,928,291.64 CNY year-on-year[46] - Cash outflow from operating activities totaled 5,836,879,659.92 CNY, compared to 4,377,155,004.86 CNY in the previous period[46] - The net cash flow from investing activities was -213,587,713.79 CNY, an improvement from -560,479,371.31 CNY in the previous period[46] - Cash inflow from financing activities amounted to 1,872,892,900.00 CNY, an increase from 1,225,525,000.00 CNY year-on-year[48] Investments and Shareholder Information - The company received government subsidies amounting to CNY 26,859,642.67 during the reporting period[7] - Long-term equity investments decreased by 15.56 million yuan, a reduction of 36.45%, primarily due to losses from Shandong HeKang Biological Breeding Co., Ltd. from January to July[13] - The largest shareholder, Zhengbang Group Co., Ltd., held 29.43% of shares, with 110,514,853 shares pledged[9] - The company signed a share transfer agreement to transfer 40% equity of Shandong HeKang Biological Breeding Co., Ltd. for a total consideration of 157.07 million yuan, which is expected to increase net profit attributable to the parent company by 127.89 million yuan[17] Future Outlook - The company expects to turn a profit in 2014, with a projected net profit of between 0 to 4,000 million yuan, compared to a net loss of 2,993.92 million yuan in 2013[21] - The company anticipates improved profitability in the second half of the year due to a gradual recovery in the breeding market[21]