MINLIST(SH:600058)2015-10-29 16:00Financial Performance - Operating revenue for the first nine months decreased by 51.54% to CNY 53.17 billion compared to the same period last year[7]. - Net profit attributable to shareholders was a loss of CNY 920.78 million, a decrease of 621.16% compared to the same period last year[7]. - Basic earnings per share were CNY -0.8590, a decrease of 621.24% compared to the same period last year[7]. - The company reported a net profit of -814,283,971.76 CNY for Q3 2015, compared to a net profit of 173,368,798.41 CNY in the same period last year, indicating a significant decline[30]. - Operating profit for Q3 2015 was -906,754,906.30 CNY, a decrease from 195,146,750.19 CNY in Q3 2014, highlighting a downturn in operational performance[30]. - The total profit for the first nine months of 2015 was -1,488,988,146.40 CNY, compared to -19,739,563.70 CNY in the same period last year, reflecting a worsening financial position[30]. - The company anticipates a potential net loss for the year due to economic slowdown and declining commodity prices, which may lead to a significant decrease compared to the previous year[16]. Assets and Liabilities - Total assets increased by 4.01% to CNY 48.70 billion compared to the end of the previous year[7]. - Total current liabilities increased to CNY 34.73 billion from CNY 31.77 billion, indicating a rise of approximately 9.4% year-to-date[21]. - The total liabilities reached ¥1,558,729,109.01, up from ¥487,570,611.74 at the start of the year[26]. - The company's total equity was reported at ¥9,509,589,355.14, slightly up from ¥9,496,218,203.21 at the beginning of the year[26]. Cash Flow - Net cash flow from operating activities was CNY 239.45 million, a significant recovery from a loss of CNY 5.14 billion in the same period last year[7]. - Cash inflow from operating activities for the first nine months was CNY 59.36 billion, down from CNY 117.97 billion in the previous year, representing a decrease of approximately 49.7%[35]. - Cash inflow from financing activities was CNY 19.10 billion, down from CNY 22.52 billion year-over-year, indicating a decrease of about 15.5%[36]. - The net increase in cash and cash equivalents for the period was CNY 279.30 million, compared to CNY 137.95 million in the same period last year, showing an increase of approximately 102.1%[36]. Shareholder Information - The total number of shareholders reached 56,232 at the end of the reporting period[9]. - China Minmetals Corporation holds 62.56% of the shares, making it the largest shareholder[9]. Expenses and Costs - Operating costs amounted to CNY 51.39 billion, down 52.12% from CNY 107.34 billion year-on-year, reflecting the decline in revenue[12]. - Financial expenses rose by 40.88% to CNY 1.30 billion due to increased foreign exchange losses amid RMB depreciation[12]. - Sales expenses for the first nine months of 2015 amounted to 673,581,347.14 CNY, up from 572,414,042.17 CNY in the same period last year, indicating increased spending on sales[30]. - The company incurred financial expenses of 871,251,036.37 CNY in Q3 2015, compared to 300,235,785.52 CNY in the same quarter last year, representing a significant increase[30]. Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 22.46 million during the reporting period[8]. - Non-recurring gains and losses totaled CNY 4.51 million for the reporting period[8]. Investment and Impairment - The company’s asset impairment losses surged by 172.06% to CNY 314.46 million, attributed to significant declines in commodity prices[12]. - The company’s investment income turned negative at CNY -2.71 million, a decline of 101.24% from CNY 218.42 million in the previous year[12]. Future Plans - The company plans to issue non-public shares, with the stock suspended since August 17, 2015, to facilitate this process[12]. - The company is currently undergoing due diligence for the non-public share issuance, with intermediaries actively involved in the process[13].