MINLIST(SH:600058)2014-10-29 16:00Financial Performance - Operating revenue decreased by 16.16% to CNY 109.70 billion for the first nine months compared to the same period last year[10] - Net profit attributable to shareholders decreased by 23.82% to CNY 176.68 million year-on-year[10] - Basic earnings per share decreased by 23.84% to CNY 0.1648[11] - Total operating revenue for Q3 2014 was CNY 39,963,650,758.47, a decrease of 25.7% compared to CNY 53,862,655,461.21 in Q3 2013[40] - The net profit for the first nine months of 2014 was CNY 423,147,347.99, down 51.4% from CNY 87,037,977.49 in the same period last year[44] - The total profit for Q3 2014 was CNY 23,468,957.31, a decrease of 72.2% from CNY 84,447,892.59 in Q3 2013[44] - The company reported a total comprehensive income of CNY 174,358,798.41 for Q3 2014, compared to a loss of CNY 69,679,273.00 in Q3 2013[41] - The total comprehensive income for the first nine months of 2014 was CNY 422,952,347.99, down from CNY 83,422,977.49 in the same period last year[44] Assets and Liabilities - Total assets increased by 16.88% to CNY 53.97 billion compared to the end of the previous year[10] - Total liabilities reached CNY 43,323,289,944.39, compared to CNY 35,362,780,966.18 at the beginning of the year, indicating a rise in financial obligations[35] - Current assets totaled CNY 39,715,814,242.20, up from CNY 31,899,776,767.49 at the start of the year, driven by increases in accounts receivable and inventory[33] - Total assets as of the end of Q3 2014 amounted to CNY 9,486,449,237.86, a decrease from CNY 9,756,183,731.71 at the end of Q3 2013[39] - Total liabilities for Q3 2014 were CNY 151,536,105.73, significantly lower than CNY 731,672,322.74 in Q3 2013[39] Cash Flow - Net cash flow from operating activities improved to CNY -5.14 billion, a reduction in loss compared to CNY -5.65 billion in the same period last year[10] - The company reported a net cash outflow from operating activities of CNY -5,143,003,214.21 for the first nine months of 2014, compared to CNY -5,650,931,183.34 in the same period last year[46] - Cash and cash equivalents at the end of Q3 2014 amounted to CNY 1,733,975,860.79, a decrease from CNY 2,089,145,530.69 at the end of Q3 2013[47] - The net decrease in cash and cash equivalents for the quarter was -28,566,232.84 CNY, compared to -30,419,964.91 CNY in the prior quarter[48] Shareholder Information - The total number of shareholders reached 108,609 by the end of the reporting period[15] - The largest shareholder, China Minmetals Corporation, holds 62.56% of the shares[15] - The equity attributable to shareholders of the parent company was CNY 8,610,946,320.93, slightly up from CNY 8,541,738,699.09[35] Inventory and Receivables - Accounts receivable increased by 31.21% to CNY 11,457,548,119.10 due to expanded business scale in steel delivery and increased credit sales[19] - Inventory rose by 41.08% to CNY 12,975,376,972.94, primarily due to an increase in nickel-iron alloy inventory[19] - The company's accounts receivable increased to CNY 11,457,548,119.10 from CNY 8,731,956,956.84, indicating higher sales on credit[33] - The company reported a significant increase in inventory, which rose to CNY 12,975,376,972.94 from CNY 9,197,068,368.70, suggesting potential growth in sales or production[33] Expenses and Financial Management - Financial expenses surged by 473.23% to CNY 925,382,037.71, driven by increased borrowing costs and currency depreciation[19] - The company incurred management expenses of CNY 37,258,021.21 for the first nine months of 2014, down 62.3% from CNY 98,743,650.82 in the same period last year[43] - The company experienced a significant increase in tax expenses, with Q3 2014 tax expenses reported at CNY 7,428,930.62, compared to CNY 10,215,962.83 in Q3 2013[44] Investment and Future Plans - Investment income jumped by 1864.14% to CNY 218,424,701.51, attributed to gains from the disposal of subsidiary equity[19] - The company plans to actively promote the restructuring of black metal-related assets and businesses by June 30, 2022[20] - The company plans to focus on market expansion and new product development in the upcoming quarters[40]