LKDF(SZ:002413)2014-10-29 16:00Financial Performance - Operating revenue increased by 6.04% to CNY 525,902,923.06 for the current period, and by 17.21% to CNY 1,630,241,627.82 year-to-date[8] - Net profit attributable to shareholders decreased by 20.53% to CNY 10,362,888.97 for the current period, while year-to-date net profit increased by 7.35% to CNY 33,709,851.15[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 19.40% to CNY 10,899,082.78 for the current period, and by 24.90% to CNY 32,890,051.68 year-to-date[8] - Basic earnings per share decreased by 16.67% to CNY 0.05 for the current period, while year-to-date it increased by 7.14% to CNY 0.15[8] - The weighted average return on net assets was 0.86%, a decrease of 0.23% compared to the previous period[8] Assets and Liabilities - Total assets decreased by 8.61% to CNY 1,637,278,430.29 compared to the end of the previous year[8] - The company's cash and cash equivalents decreased by 53.80% to ¥43,301,976.68 due to a reduction in newly issued notes payable compared to last year[16] - The company reported a net cash flow from operating activities of CNY -11,238,543.44, a decrease of 11.37% year-to-date[8] - The company's short-term borrowings decreased by 37.50% to ¥125,000,000.00, reflecting a reduction in bank loan balances[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,772[12] - Jiangsu Changfa Industrial Group Co., Ltd. held 49.53% of the shares, making it the largest shareholder[12] Investments and Projects - The company plans to invest approximately ¥13.2 million in a microchannel heat exchanger project, which is currently under construction[18] - The company reported a net cash inflow from investing activities of ¥89,086,981.06, a significant increase of 162.72% compared to a net outflow of ¥142,034,645.64 in the previous period, mainly from the recovery of entrusted loans[20] Expenses and Taxation - Sales expenses rose by 44.51% to ¥44,198,966.13, mainly due to increased transportation costs[16] - The company reported a 134.27% increase in tax payable to ¥10,795,643.22, attributed to higher sales revenue[16] Future Outlook and Commitments - The net profit attributable to shareholders for 2014 is expected to increase by 20.00% to 70.00%, translating to a range of ¥30,618,200 to ¥43,375,800, driven by increased production and sales of aluminum plates and copper tubes[22] - The company is actively pursuing a major asset restructuring, with stock trading suspended since July 14, 2014, pending further developments[17] - The company has committed to avoiding competition with its major shareholder, Jiangsu Changfa Industrial Group Co., Ltd., as part of its long-term commitments[20]