汉缆股份(002498) - 2014 Q3 - 季度财报

Financial Performance - Operating revenue for the period reached CNY 1,466,610,506.07, representing a year-on-year growth of 14.08%[7] - Net profit attributable to shareholders decreased by 65.82% to CNY 92,720,387.30 compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses was CNY 92,387,475.33, an increase of 18.32% year-on-year[7] - The net profit attributable to shareholders for 2014 is expected to decrease by 46.98% to 30.85%, with an estimated range of 230 million to 300 million yuan[21] - The net profit for 2013 was 433.83 million yuan, with a non-recurring profit of 249.74 million yuan[21] Assets and Liabilities - Total assets increased by 9.94% to CNY 5,542,931,528.12 compared to the end of the previous year[7] - The company's trading financial assets increased by 155.79% compared to the end of the previous year, mainly due to increased positions in copper and aluminum futures[15] - Prepayments increased by 40.56% due to a significant rise in advance payments for copper purchases[15] - Construction in progress grew by 105.98%, attributed to new projects including the installation of 70 extruders and warehouse construction[15] - Accounts payable decreased by 78.55% as of September 30, 2014, compared to December 31, 2013, primarily due to an increase in copper and aluminum futures hedging volume[16] - Other current liabilities decreased by 64.71% as of September 30, 2014, compared to December 31, 2013, mainly due to a reduction in deferred income recognized as non-operating income[16] - Deferred income tax liabilities dropped by 100.00% as of September 30, 2014, compared to December 31, 2013, due to a shift from floating profits to floating losses in futures[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,677[11] - The largest shareholder, Qingdao Hanhe Group Co., Ltd., holds 85.04% of the shares, amounting to 912,601,860 shares[11] Expenses and Income - Financial expenses increased by 131.22% as of September 30, 2014, compared to December 31, 2013, mainly due to higher bank service fees and loan interest expenses[18] - Investment income grew by 63.97% as of September 30, 2014, compared to the same period in 2013, attributed to a reduction in futures losses[18] - Other income decreased by 88.74% as of September 30, 2014, compared to the same period in 2013, primarily due to a land use right repurchase by the government in the previous year[18] - The company reported an increase in other expenses by 798.82% as of September 30, 2014, compared to the same period in 2013, due to a donation of 500,000 yuan to the Qingdao World Horticultural Exposition Bureau[18] Minority Interests - Minority interests decreased by 112.46% as of September 30, 2014, compared to December 31, 2013, due to the acquisition of minority interests in Qingdao Huadian High Voltage Electric Co., Ltd.[18]