SHINVA(SH:600587)2017-10-27 16:00Financial Performance - Operating revenue for the first nine months rose by 20.09% to CNY 7,091,347,350.67 compared to the same period last year[6]. - Net profit attributable to shareholders decreased by 91.51% to CNY 12,451,599.25 year-on-year[6]. - Basic earnings per share dropped by 91.67% to CNY 0.03 compared to CNY 0.36 in the same period last year[6]. - Operating income from non-operating activities rose by 116.13% to 117,410,093.64, mainly due to an increase in government subsidies and performance compensation[15]. - Net profit for Q3 2017 was a loss of ¥46,809,848.50, compared to a profit of ¥73,320,626.04 in Q3 2016[31]. - The company reported a total loss of ¥37,433,256.70 for Q3 2017, contrasting with a profit of ¥98,583,093.68 in the previous year[30]. - The company’s total profit for Q3 was a loss of ¥139.79 million, compared to a loss of ¥5.61 million in the same period last year[35]. Cash Flow - The net cash flow from operating activities for the first nine months was CNY 273,120,007.57, a significant recovery from a negative cash flow of CNY -92,186,644.46 in the previous year[6]. - Cash flow from operating activities generated ¥273.12 million, a significant recovery from a negative cash flow of ¥92.19 million in the previous year[37]. - Net cash flow from operating activities was ¥174,082,530.22, a significant improvement from a net outflow of ¥13,982,759.40 in the previous year[40]. - Cash inflow from sales of goods and services reached ¥1,897,707,210.55, up 25.8% from ¥1,507,419,238.64 in the same period last year[40]. - Total cash outflow from operating activities was ¥1,752,708,837.20, an increase of 12.3% compared to ¥1,560,018,554.87 last year[40]. Assets and Liabilities - Total assets increased by 3.54% to CNY 11,770,269,780.08 compared to the end of the previous year[6]. - Total current assets increased to CNY 6,774,083,290.36 from CNY 6,445,445,872.70, representing a growth of approximately 5.1%[21]. - Total non-current assets reached CNY 4,996,186,489.72, up from CNY 4,922,810,282.40, indicating an increase of about 1.5%[22]. - Total liabilities increased to CNY 7,711,026,008.35 from CNY 7,350,127,050.82, representing a growth of about 4.9%[23]. - The company's long-term borrowings increased by 57.59% to 427,885,055.70, attributed to an increase in long-term borrowings by subsidiaries[14]. - Short-term borrowings rose significantly to CNY 3,740,484,608.48 from CNY 2,979,100,000.00, marking an increase of approximately 25.5%[22]. Shareholder Information - The total number of shareholders at the end of the reporting period was 33,424[10]. - The largest shareholder, Zibo Mining Group Co., Ltd., held 28.77% of the shares[10]. Impairment and Losses - The impairment loss on assets surged by 2160.71% to 207,582,051.42, primarily due to an increase in goodwill impairment provision[14]. - The company reported an asset impairment loss of ¥198.91 million, a substantial increase from ¥7.77 million in the same period last year[34]. Government Support and Subsidies - The company received government subsidies amounting to CNY 45,034,645.36 during the first nine months[8]. - The company has received a total of 9,950,800.00 in performance compensation from individuals for unmet performance commitments from previous years[17]. Future Plans and Adjustments - The company plans to adjust the fundraising amount and investment projects for the non-public issuance of A-shares due to changes in regulatory and financing environments[15]. - The company has not indicated any significant changes in cumulative net profit forecasts for the year[18].