久立特材(002318) - 2014 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 15.94% to CNY 58,695,701.45 for the current period[5] - Operating revenue decreased by 5.51% to CNY 738,342,271.25 for the current period[5] - Basic earnings per share decreased by 13.64% to CNY 0.19 for the current period[5] - The weighted average return on equity decreased by 1.12 percentage points to 2.98% for the current period[5] - The company reported a decrease in net profit excluding non-recurring gains and losses by 17.24% to CNY 52,239,379.49 for the current period[5] - The company expects a net profit attributable to shareholders for 2014 to range from 184.62 million to 217.19 million, reflecting a decrease of 15.00% to 0.00% compared to the previous year[19] Cash Flow and Assets - The net cash flow from operating activities decreased by 32.51% to CNY 164,040,679.47 year-to-date[5] - Cash flow from operating activities decreased by 32.51% to 16,404.07 million, primarily due to increased cash payments for goods and services[15] - The company issued convertible bonds, resulting in a 52.73% reduction in long-term borrowings to 5,000.00 million[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,309[9] - The largest shareholder, Jiuli Group Co., Ltd., holds 42.42% of the shares, amounting to 132,348,556 shares[9] Asset Changes - Total assets increased by 16.29% to CNY 3,605,406,167.63 compared to the end of the previous year[5] - Accounts receivable increased by 32.01% to 42,748.83 million, primarily due to new sales not yet collected and longer credit terms for major clients[14] - Inventory rose by 37.20% to 95,720.64 million, driven by increased large orders and a strategy to mitigate nickel price volatility by increasing raw material stock[14] - Prepayments surged by 90.19% to 6,815.79 million, mainly due to an increase in orders and corresponding prepayments to suppliers[14] - The company's financial assets measured at fair value decreased by 94.88% to 51.14 million due to significant reductions in the fair value of forward foreign exchange contracts caused by the depreciation of the RMB[14] Other Financial Metrics - Non-recurring gains and losses totaled CNY 5,569,556.71 for the year-to-date[8] - The company reported a 75.84% decrease in asset impairment losses to 913.09 million, attributed to reduced inventory write-downs compared to the same period last year[15] - The company experienced a 123.34% increase in advance receipts to 23,233.70 million, reflecting a rise in orders on hand[15] - The company reported a 232.71% increase in employee compensation payable to 5,251.98 million, mainly due to accrued bonuses and rewards[15]