CDT(SZ:300344)2014-10-24 16:00Financial Performance - Total revenue for the reporting period was CNY 13,012,975.59, down 77.48% year-on-year, and CNY 96,980,090.69 for the year-to-date, down 42.32% compared to the same period last year[6]. - Net profit attributable to shareholders was CNY -9,315,707.90 for the reporting period, a decrease of 242.65%, and CNY 1,076,722.07 year-to-date, down 94.80% year-on-year[6]. - Basic earnings per share for the reporting period were CNY -0.0386, a decrease of 242.44%, and CNY 0.0045 year-to-date, down 94.75% compared to the previous year[6]. - The weighted average return on net assets was -1.28% for the reporting period, down 2.20% year-on-year, and 0.15% year-to-date, down 2.75% compared to the previous year[6]. - Operating revenue for the period was CNY 96.98 million, a decrease of 42.32% compared to the previous period[19]. - The total profit for the same period was ¥2,047,283.88, down 91.26% year-on-year[22]. - The net profit attributable to shareholders was ¥1,076,722.07, reflecting a decline of 94.8% compared to the previous year[22]. - Operating profit for the current period is -10,702,808.86, compared to a profit of 6,670,538.04 in the previous period, indicating a significant decline[46]. - Net profit for the current period is -9,436,521.16, a drop from 6,530,508.96 in the previous period, marking a change of -244.8%[46]. - Total operating revenue for the parent company is 20,006,340.83, down 65.3% from 57,731,405.71 in the previous period[47]. - Net profit for the parent company is -3,961,639.95, a decrease from 7,353,457.19 in the previous period, reflecting a change of -153.9%[47]. - Total operating revenue for the consolidated entity year-to-date is 96,980,090.69, down 42.4% from 168,142,008.28 in the previous year[50]. - Operating profit for the consolidated entity is -4,315,232.26, compared to a profit of 23,175,021.66 in the previous year, indicating a significant decline[51]. - Comprehensive income for the parent company is 740,022.68, a decrease from 20,686,477.80 in the previous period, marking a change of -96.4%[51]. - The net profit for the third quarter was CNY 9,983,773.61, a decrease of 58.0% compared to CNY 23,761,923.74 in the same period last year[54]. - The operating profit for the quarter was CNY 4,746,754.57, down 81.9% from CNY 26,119,428.85 year-over-year[54]. Cash Flow and Assets - The company reported a net cash flow from operating activities of CNY -5,945,449.66 year-to-date, an improvement of 70.08% compared to the previous year[6]. - Cash flow from operating activities showed a net outflow of ¥5,945,449.66, but improved by 70.08% compared to the previous year's outflow of ¥19,868,894.26[21]. - Cash flow from investing activities resulted in a net outflow of ¥88,508,441.62, which is a significant increase of 148.83% compared to the previous year[21]. - Cash flow from financing activities also showed a net outflow of ¥7,460,275.67, but improved by 65.99% from the previous year's outflow of ¥21,938,373.94[21]. - The company's cash and cash equivalents decreased by 70.99% to CNY 41.65 million compared to the beginning of the year, primarily due to increased payments for investment projects[18]. - Total assets at the end of the reporting period were CNY 950,483,220.84, a decrease of 2.27% compared to the previous year[6]. - Total current assets decreased from ¥578,788,831.39 to ¥468,948,931.29, a decline of approximately 19%[37]. - Cash and cash equivalents dropped significantly from ¥143,567,266.98 to ¥41,653,100.03, a decrease of about 71%[37]. - Accounts receivable decreased from ¥252,534,396.14 to ¥206,021,921.10, representing a reduction of approximately 18%[37]. - Inventory increased from ¥104,807,997.51 to ¥149,297,061.84, an increase of about 42%[37]. - Total non-current assets rose from ¥393,739,352.78 to ¥481,534,289.55, an increase of approximately 22%[38]. - Total liabilities decreased from ¥245,809,893.09 to ¥217,845,707.08, a decline of about 11%[39]. - Total equity increased from ¥726,718,291.08 to ¥732,637,513.76, a slight increase of approximately 1%[39]. - Short-term borrowings increased from ¥20,000,000.00 to ¥30,000,000.00, a rise of 50%[39]. - The company reported a significant increase in long-term equity investments from ¥383,283,573.51 to ¥418,883,573.51, an increase of about 9%[41]. - The total assets decreased from ¥972,528,184.17 to ¥950,483,220.84, a decline of approximately 2%[38]. Shareholder Information - The company has a total of 13,071 shareholders at the end of the reporting period[12]. - The top shareholder, 樊立, holds 28.33% of the shares, with 68,349,600 shares pledged[12]. Government Subsidies and Financial Management - The company received government subsidies amounting to CNY 6,357,734.18 during the reporting period[7]. - The company reported a significant increase in non-operating income, which rose by 2457.26% to CNY 6.40 million[19]. - Other income from government subsidies increased dramatically by 2457.26% compared to the previous year[20]. - The company has outlined its fundraising usage in a detailed table, indicating a structured approach to financial management[29]. - The total amount of raised funds is CNY 38,177.45 million, with CNY 1,410.89 million invested in the current quarter[30]. - The cumulative amount of raised funds used for changes in purpose is CNY 4,849.09 million, accounting for 12.70% of the total raised funds[30]. - The company has committed to invest CNY 40,129.08 million in projects, with CNY 33,328 million already invested, achieving a progress rate of 95.02%[30]. - The company has temporarily supplemented working capital with CNY 3,800 million of idle raised funds, which will be returned within six months[31]. - The cash dividend policy for 2013 included a distribution of CNY 0.25 per share, totaling CNY 402.08 million, along with a capital reserve conversion of 6,433.28 million shares[32]. Management and Operational Challenges - The company faces risks related to fundraising investment projects, accounts receivable, intensified industry competition, and management challenges due to expansion[9][10]. - Management expenses increased by 37% to CNY 28.33 million, reflecting higher operational costs[19]. - The company's management expenses increased by 37.00% due to higher employee wages compared to the previous year[20]. - Financial expenses surged by 132.7% primarily due to increased interest expenses on borrowings[20]. - Operating tax and additional charges rose by 51.75% as a result of increased installation revenue[20]. Commitments and Compliance - The company reported a commitment to avoid related party transactions and ensure fairness in any unavoidable transactions[27]. - The company has pledged to bear any economic responsibilities arising from patent evaluations related to three specific patents, ensuring no financial loss to the issuer[28]. - The company has committed to complete the cancellation procedures for a third-party insulation entity promptly, taking full responsibility for any economic losses incurred due to delays[28]. - The company has made a commitment to cover any social insurance and housing fund contributions required for employees, ensuring compliance with relevant regulations[28]. - The company has not reported any significant changes in project feasibility as of September 30, 2014[30]. - The company has not encountered any issues with the use and disclosure of raised funds[31]. - The company has not indicated any major changes in the financial reporting standards affecting consolidated financial statements[32]. - There are no warnings regarding potential losses or significant changes in net profit compared to the previous year[34].