CSSC-STC(SH:600072)2015-10-30 16:00Financial Performance - Operating revenue increased by 6.93% to CNY 679,806,671.83 for the period from January to September compared to the same period last year[6]. - Net profit attributable to shareholders was a loss of CNY 52,806,935.87, improving from a loss of CNY 84,448,111.77 in the same period last year[7]. - Basic and diluted earnings per share were both -CNY 0.094, an improvement from -CNY 0.162 in the same period last year[7]. - The company reported a net profit margin of approximately 5.5% for the year-to-date period[22]. - The total profit for the first nine months of 2015 was a loss of CNY 47.29 million, compared to a loss of CNY 76.80 million in the same period of 2014, indicating a 38.5% improvement[25]. - Net profit attributable to the parent company for Q3 2015 was a loss of CNY 15.94 million, compared to a loss of CNY 22.84 million in Q3 2014, reflecting a 30.5% improvement[24]. - The total comprehensive income for Q3 2015 was a loss of CNY 15.98 million, compared to a loss of CNY 18.03 million in Q3 2014, showing an 11.4% improvement[24]. Cash Flow - Net cash flow from operating activities was CNY 49,664,053.25, a significant recovery from a negative cash flow of CNY 113,619,160.81 in the same period last year[6]. - Cash flow from operating activities for the first nine months of 2015 was 49,664,053.25 RMB, a significant improvement from -113,619,160.81 RMB in the same period last year[28]. - Cash inflow from operating activities totaled 774,477,146.91 RMB, while cash outflow was 724,813,093.66 RMB for the first nine months of 2015[28]. - Cash flow from investing activities showed a net outflow of -254,024,698.86 RMB for the first nine months of 2015, compared to -36,278,888.72 RMB in the previous year[29]. - The total cash and cash equivalents at the end of Q3 2015 were 151,151,762.66 RMB, down from 356,480,320.18 RMB at the beginning of the period[29]. - The net cash flow from investment activities was -$254,151,239.88, worsening from -$23,584,462.12 year-over-year[31]. Assets and Liabilities - Total assets decreased by 10.41% to CNY 2,144,621,725.30 compared to the end of the previous year[6]. - Total liabilities decreased to CNY 993,935,098.15 from CNY 1,193,808,887.81 at the start of the year, reflecting a reduction of approximately 16.7%[18]. - Current liabilities totaled CNY 891,579,992.15, a decrease of 18.1% compared to CNY 1,088,781,611.48 at the beginning of the year[18]. - Cash and cash equivalents decreased by 54.51% to ¥170,884,995.57 from ¥375,690,489.02 due to reduced cash flow from investment activities[11]. - Inventory increased to CNY 422,779,929.26 from CNY 393,980,328.17 at the beginning of the year, reflecting a growth of 7.3%[20]. Shareholder Information - The total number of shareholders was 78,593 at the end of the reporting period[10]. - The largest shareholder, China Shipbuilding Industry Group, held 29.21% of the shares[10]. Non-Recurring Items - The company reported a total of CNY 192,685.28 in non-recurring gains and losses for the current period[9]. - The company received CNY 27,997,322.27 from non-current asset disposal gains during the reporting period[8]. - The company incurred a loss in undistributed profits, which decreased by 39.23% to ¥77,150,598.35 from ¥126,951,054.61[12]. - Investment income decreased by 31.33% to ¥2,626,167.57 from ¥3,824,281.88, reflecting reduced net profits from joint ventures[12]. - The company reported a significant increase in non-operating income, which rose by 285.89% to ¥28,667,572.60 from ¥7,428,972.54, primarily due to compensation received for relocation[12]. Asset Restructuring - The company is currently undergoing a major asset restructuring, with ongoing due diligence and audits being conducted by relevant intermediaries[14]. - The company plans to continue its stock suspension as it progresses with the major asset restructuring[14].