GDM(SZ:002636)2015-10-27 16:00Financial Performance - Operating revenue for the reporting period was CNY 597,109,530.94, representing a year-on-year increase of 6.88%[7] - Net profit attributable to shareholders decreased by 21.83% to CNY 9,484,303.96 compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 7,922,486.31, down 8.12% year-on-year[7] - Basic earnings per share decreased by 23.53% to CNY 0.013[7] - The weighted average return on net assets was 0.69%, a decrease of 0.22% compared to the previous year[7] - The net profit attributable to shareholders for 2015 is expected to be between 42.62 million and 55.40 million RMB, representing a change of 0.00% to 30.00% compared to 2014[23] - The net profit for 2014 was 42.62 million RMB, indicating a stable performance year-over-year[23] Assets and Liabilities - Total assets increased by 10.48% to CNY 2,541,935,868.97 compared to the end of the previous year[7] - Accounts receivable increased by 63.97% to ¥523.71 million due to higher sales and reduced acceptance limits[16] - Other receivables decreased by 43.35% to ¥2.82 million, mainly due to a reduction in short-term transactions[16] - Prepayments increased by 98.80% to ¥28.93 million, primarily due to increased equipment prepayments[16] - Fixed assets rose by 35.53% to ¥727.69 million, attributed to the completion of construction projects[16] - The company’s total liabilities increased significantly, with accounts payable rising by 64.47% to ¥609.89 million due to higher procurement amounts[16] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 85,245,640.68, a decrease of 27.42% compared to the previous year[7] - Cash flow from investment activities decreased by 32.18% to -¥26.84 million, reflecting a reduction in investment outflows[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 67,666[11] - The largest shareholder, Shanghai Donglin Investment Development Co., Ltd., held 39.83% of the shares, with 289,926,000 shares frozen[11] - The company’s capital stock increased by 160.00% to ¥728 million due to the conversion of capital reserves into share capital[16] Government Support and Other Income - The company received government subsidies amounting to CNY 6,047,036.03 during the reporting period[9] - Non-operating income surged by 115.68% to ¥6.60 million, primarily due to increased government subsidies[16] Future Plans - The company is currently planning a major asset restructuring, with a disclosure expected by December 12, 2015[19] Operational Insights - The company's overall development is positive, with stable product sales, particularly benefiting from the Zhuhai and Hangzhou projects, which have expanded production and sales[23] - Operating tax and additional charges increased by 40.26% to ¥3.75 million, mainly due to an increase in the taxable base[16]