SHRC(600392)2015-10-29 16:00Financial Performance - Operating revenue for the first nine months decreased by 5.96% to CNY 665,790,088.14[7] - Net profit attributable to shareholders decreased by 19.37% to CNY 23,264,986.06[7] - The company's net profit for Q3 2015 was ¥23,777,565.46, a decrease of 30.13% compared to the same period last year due to reduced sales revenue[17] - Total operating revenue for Q3 was approximately ¥120.99 million, a decrease of 41.9% compared to ¥207.97 million in the same period last year[30] - Net profit for Q3 was approximately ¥2.02 million, a significant drop of 91.2% compared to ¥22.73 million in the same period last year[31] - The total comprehensive income for the first nine months was -8,073,211.45 RMB, compared to -2,402,876.38 RMB in the same period last year[36] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 201,505,935.65, a decline of 25.58% compared to the same period last year[7] - Cash inflow from operating activities totaled 286,616.61 in the same period last year[41] - Net cash flow from operating activities was -14,556,170.26 in the previous year[41] - The net cash flow from operating activities for the first nine months was -201,505,935.65 RMB, worsening from -160,455,526.84 RMB in the previous year[39] Assets and Liabilities - Total assets increased by 23.79% to CNY 2,279,007,300.25 compared to the end of the previous year[7] - Total liabilities increased to ¥1,021,610,889.41 from ¥543,889,906.91, representing a growth of about 87.7%[25] - Total current assets increased to ¥1,919,616,673.71 from ¥1,516,018,601.85, representing a growth of approximately 26.6%[23] - Total non-current assets increased to ¥359,390,626.54 from ¥325,065,791.25, reflecting a growth of about 10.5%[24] Shareholder Information - The total number of shareholders reached 28,719, with the largest shareholder holding 20.14% of the shares[12] - The company plans to issue up to 20 million new shares as part of a private placement approved by the China Securities Regulatory Commission[18] Investment Activities - Cash received from investment increased by 197.35% to ¥37,361,772.17, driven by higher turnover in securities investments[17] - Long-term equity investments rose by 29.02% to ¥91,388,555.18, with an investment of ¥21,337,700 in Pingluo Fenghua Metallurgy Co., Ltd.[15] - The company issued bonds worth ¥442,875,000.00 during the quarter, marking a new financing initiative[17] Financial Expenses - The company’s financial expenses increased by 53.49% to ¥16,183,140.53 due to interest costs from the newly issued bonds[16] - Financial expenses for Q3 were approximately ¥6.62 million, an increase of 59.9% from ¥4.14 million year-over-year[30] Inventory and Receivables - Accounts receivable decreased by 27.84% to ¥127,159,827.28, reflecting a decline in sales revenue[15] - Inventory increased by 77.26% to ¥677,986,157.32, indicating significant purchases of raw materials[15] - Inventory levels surged to ¥677,986,157.32, up from ¥382,488,654.42, marking an increase of approximately 77.5%[23] Management and Operating Expenses - Management expenses for Q3 were approximately ¥13.43 million, an increase of 27.9% compared to ¥10.55 million in the same period last year[30] - The company incurred operating expenses of 1,028,717,498.26 RMB, up from 850,273,457.13 RMB year-on-year[39]