North Industries (SZ:000519)2014-10-24 16:00Financial Performance - Net profit attributable to shareholders decreased by 37.70% to CNY 75,562,269.84 year-on-year[6] - Operating revenue decreased by 11.88% to CNY 473,122,292.78 compared to the same period last year[6] - Basic earnings per share decreased by 45.34% to CNY 0.0939[6] - The weighted average return on net assets decreased by 63.67% to 1.82%[6] - The net profit after deducting non-recurring gains and losses decreased by 31.45% to CNY 69,315,318.85[6] - Total revenue for the period was ¥473,122,292.78, a decrease of 11.87% from ¥536,889,751.73 in the previous period[35] - Net profit for the period was ¥75,071,905.48, down 38.2% from ¥121,342,037.77 in the previous period[36] - Basic and diluted earnings per share decreased to ¥0.0939 from ¥0.1718[36] - Net profit for the period was CNY 267,453,724.03, up from CNY 249,552,638.45, representing an increase of approximately 7.2%[41] - The total profit for the period was CNY 325,653,023.85, an increase from CNY 308,307,065.26, reflecting a growth of approximately 5.4%[41] - The company’s total comprehensive income for the period was CNY 267,453,724.03, compared to CNY 249,552,638.45 in the previous period, showing an increase of about 7.2%[41] Cash Flow - Net cash flow from operating activities for the year-to-date was negative CNY 206,049,712.39, a decrease of 140.65%[6] - Cash flow from operating activities showed a net outflow of CNY 206,049,712.39, worsening from a net outflow of CNY 85,622,873.85 in the previous period[48] - Cash flow from investing activities resulted in a net outflow of CNY 336,805,259.18, compared to a net outflow of CNY 44,961,070.68 previously, indicating increased investment activity[48] - Cash flow from financing activities recorded a net outflow of CNY 442,971,044.06, worsening from a net outflow of CNY 79,973,531.10 in the prior period[48] - The net cash flow from operating activities for the current period is ¥25,317,661.57, a significant improvement from the previous period's net cash flow of -¥18,588,371.15[51] - Cash received from operating activities related to other business activities increased to ¥176,466,451.69 from ¥21,161,628.85 in the previous period, marking a growth of approximately 734.5%[50] - The net cash flow from investing activities is -¥1,588,272,975.54, indicating a substantial outflow compared to the previous period[51] - Cash inflow from financing activities increased to ¥445,000,000.00 from ¥40,000,000.00, representing a growth of 1,012.5%[51] - The net cash flow from financing activities for the current period is ¥295,946,805.55, compared to ¥18,650,000.00 in the previous period, showing a significant increase[51] - Total cash outflow from operating activities was ¥151,148,790.12, compared to ¥39,750,000.00 in the previous period[50] Assets and Liabilities - Total assets decreased by 4.45% to CNY 4,699,664,427.36 compared to the end of the previous year[6] - The company's cash balance decreased by 73.07% compared to the beginning of the year, primarily due to cash payments for project costs and repayment of bank loans[15] - Accounts receivable increased by 30.67% compared to the beginning of the year, attributed to adjustments in marketing strategy and extended payment cycles[15] - Prepaid accounts increased by 130.34% compared to the beginning of the year, mainly due to an increase in unsettled spare parts and material payments[15] - Other receivables increased by 173.53% compared to the beginning of the year, due to an increase in inter-company transactions and export tax rebates[15] - Inventory increased by 31.19% compared to the beginning of the year, as the production of synthetic diamonds grew at a rate higher than sales[15] - Total current assets decreased to ¥2,374,878,884.98 from ¥2,728,674,997.79, reflecting a decline of about 13%[28] - Total liabilities decreased to ¥841,314,786.44 from ¥1,311,556,839.21, a reduction of approximately 35.8%[30] - The company's total equity increased to ¥3,858,349,640.92 from ¥3,607,038,772.95, marking an increase of about 6.9%[30] - The company reported a total owner's equity of ¥3,384,484,731.07, a slight decrease from ¥3,395,528,444.09[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,601[10] - The largest shareholder, Yuxi Industrial Group Co., Ltd., holds 36.04% of the shares[10] Investment and Expenditures - Development expenditures increased by 136.77% compared to the beginning of the year, primarily due to an increase in capitalized R&D expenses[15] - Financial expenses decreased by 56.89% compared to the same period last year, mainly due to a reduction in loan scale and interest expenses[15] - Fair value changes in income increased by 4825% compared to the same period last year, primarily due to a significant increase in the stock price of a major holding[15] - Long-term equity investments increased to ¥3,338,521,148.30 from ¥2,068,533,137.30, showing a growth of 61.4%[33] - The company recorded an investment income of ¥3,409,150.69 during the period[36] Dividend Policy - The company plans to maintain a cash dividend policy, distributing at least 10% of the distributable profit each year, with cumulative distributions not less than 30% of the average annual distributable profit over the last three years[20] Other Information - The company has not engaged in derivative investments during the reporting period[22] - The company did not hold any other listed company shares during the reporting period[21] - There were no research, communication, or interview activities conducted during the reporting period[24] - The company did not undergo an audit for the third quarter report[52]