ST雪发(002485) - 2014 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -14,615,424.82, representing a decline of 360.32% year-on-year[7]. - Operating revenue for the reporting period was CNY 264,123,487.91, down 5.43% compared to the same period last year[7]. - The company reported a total net profit attributable to shareholders of CNY -33,394,425.35 for the year-to-date, a decrease of 166.67% compared to the same period last year[7]. - Basic earnings per share were CNY -0.05, reflecting a decline of 400.00% compared to the same period last year[7]. - Operating profit decreased by 167.33% compared to the same period last year, mainly due to macroeconomic impacts and a decline in sales from group customization and franchise stores[14]. - The company expects a net loss for the year 2014, with projected net profit ranging from -48 million to -35 million yuan[21]. Cash Flow and Assets - The net cash flow from operating activities was CNY -56,729,044.40, a significant decrease of 668.56% year-on-year[7]. - Cash and cash equivalents decreased by 43.04% compared to the beginning of the year, primarily due to slower collection of receivables and payments for the Xinur Industrial Park Phase I project[14]. - Net cash flow from operating activities decreased by 668.56% compared to the same period last year, primarily due to a slowdown in revenue growth and corresponding decreases in sales collections[15]. - Total assets at the end of the reporting period were CNY 2,752,717,261.65, a decrease of 1.44% compared to the end of the previous year[7]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,677[10]. - The largest shareholder, Xinlang Xinuo Group Co., Ltd., held 42.34% of the shares, amounting to 135,489,447 shares[10]. Non-Recurring Items and Costs - Non-recurring gains and losses totaled CNY 1,129,767.70 for the year-to-date[8]. - The company experienced a decrease in gross profit margin due to increased sales promotions, rising labor costs, and a decline in group customization order prices[22]. Liabilities and Borrowings - Short-term borrowings increased by 305.00% compared to the beginning of the year, primarily due to the increase in new short-term working capital loans[14]. - Construction in progress increased by 85.30% compared to the beginning of the year, mainly due to the renovation of previously purchased shops and payments for the Xinur Industrial Park Phase I project[14]. Return on Investment - The weighted average return on net assets was -0.73%, down from -0.57% at the end of the previous year[7].