NCIC(SZ:002246)2014-10-27 16:00Financial Performance - Operating revenue for the reporting period was CNY 552,158,778.95, an increase of 8.91% year-on-year [6]. - Net profit attributable to shareholders was CNY 18,165,286.35, representing a significant increase of 145.16% compared to the same period last year [6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 11,804,154.14, up 754.84% year-on-year [6]. - Basic earnings per share for the reporting period were CNY 0.044, an increase of 144.44% compared to the same period last year [6]. - The company expects a net profit attributable to shareholders for 2014 to be between 53,000,000 RMB and 77,000,000 RMB, representing a year-on-year increase of 10% to 60% [21]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was CNY 105,314,690.19, a remarkable increase of 4,641.69% [6]. - Cash and cash equivalents at the end of the reporting period decreased by 37.87% to CNY 84,100,598.07 due to loan repayments [14]. - Accounts receivable increased by 32.08% to CNY 390,918,404.56, attributed to high growth in export trade [14]. - Construction in progress increased by 60.18% to CNY 97,105,899.61, driven by the advancement of the special industrial pump manufacturing project [14]. - Cash received from other operating activities for the first nine months of 2014 was 12,232,744.29 RMB, an increase of 33.89% compared to the previous period, primarily due to increased government subsidies [17]. Liabilities and Equity - Short-term borrowings at the end of the reporting period were 0 RMB, down from 127,000,000.00 RMB at the beginning of the period, indicating full repayment of the loan [16]. - Employee compensation payable at the end of the reporting period was 18,545,669.25 RMB, up 257.36% from the beginning of the period, due to unissued employee compensation [16]. - The company's share capital at the end of the reporting period was 413,686,536.00 RMB, a 50% increase from the beginning of the period, due to a capital reserve conversion [16]. Financial Management - Financial expenses for the first nine months of 2014 were 1,796,655.73 RMB, a decrease of 73.90% compared to the previous period, attributed to improved fund management and reduced loan amounts [17]. - Asset impairment losses for the first nine months of 2014 were 4,314,947.33 RMB, an increase of 803.82% compared to the previous period, mainly due to increased bad debt provisions [17]. Strategic Developments - The company has completed two capital increases in 2014 for the pump company, increasing its ownership to 92.86%, which is expected to positively impact net profit [21]. - The company plans to avoid competition with its controlling shareholder and its subsidiaries, ensuring compliance with commitments made in previous agreements [20]. Return on Investment - The weighted average return on net assets was 1.69%, up from 0.82% in the previous year [6].