XSS(SH:600117)2014-10-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -161,520,944.61, a decrease of 783.16% year-on-year [9]. - Operating revenue decreased by 8.98% to CNY 4,349,736,484.04 for the first nine months of the year [8]. - Basic earnings per share were CNY -0.2179, down 783.07% year-on-year [9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -178,467,832.66, a decrease of 1,459.75% year-on-year [9]. - Total profit decreased by 205% year-on-year, resulting in a loss of ¥65,481,383.91, attributed to declining market demand and increased financial costs [25]. - Net profit decreased by 334.65% year-on-year, resulting in a loss of ¥112,187,224.54, primarily due to the same factors affecting total profit [28]. - The net profit for Q3 2014 was a loss of approximately ¥0.96 million, an improvement from a loss of ¥35.62 million in Q3 2013, while year-to-date net profit loss was ¥112.19 million compared to a profit of ¥47.81 million in the previous year [45]. - The operating profit for Q3 2014 was a loss of approximately ¥27.05 million, an improvement from a loss of ¥34.34 million in Q3 2013, with year-to-date operating loss increasing to ¥118.92 million from a profit of ¥53.64 million [45]. Assets and Liabilities - Total assets increased by 20.32% to CNY 20,938,199,734.03 compared to the end of the previous year [8]. - Cash and cash equivalents increased by 111.43% year-on-year, reaching ¥1,820,701,453.80, primarily due to the arrival of financing funds [16]. - Accounts receivable rose by 125.70% year-on-year to ¥477,136,731.45, mainly due to outstanding payments for steel products [17]. - Other receivables increased by 207.89% year-on-year to ¥110,349,588.24, primarily due to increased deposits for financing lease transactions [18]. - Other current assets surged by 536.82% year-on-year to ¥77,594,039.93, mainly due to VAT credits [19]. - Long-term payables increased by ¥796,922,188.19, primarily due to new financing lease transactions of ¥900 million [23]. - Total liabilities increased to ¥17,459,294,068.99 from ¥13,816,875,203.37, marking a growth of around 26.5% [37]. - Current liabilities rose to ¥13,796,308,939.49 from ¥11,391,969,829.41, reflecting an increase of approximately 21.1% [36]. - Owner's equity decreased to ¥3,478,905,665.04 from ¥3,585,278,270.84, a decline of about 3% [37]. Cash Flow - Net cash flow from operating activities was CNY -99,265,983.93, a decline of 147.74% compared to the same period last year [8]. - The cash inflow from sales of goods and services reached ¥2,858,936,526.68, a significant increase of 56.1% compared to ¥1,830,142,251.92 in the same period last year [52]. - The cash outflow for purchasing goods and services was ¥1,292,680,417.71, which is a 105.6% increase from ¥629,395,349.78 in the previous year [52]. - The company reported a net cash flow from financing activities of ¥636,034,788.15, slightly down from ¥643,587,930.49 year-over-year [53]. - The cash flow from operating activities showed a net increase of ¥146,598,451.90, a turnaround from a loss of -¥22,718,866.83 in the previous year [57]. Shareholder Information - The total number of shareholders reached 78,700 by the end of the reporting period [13]. - The largest shareholder, Xining Special Steel Group Co., Ltd., holds 49.87% of the shares, with 243,670,000 shares pledged [13]. Government Support - Government subsidies recognized in the current period amounted to CNY 49,456,265.33, contributing to the overall financial performance [11].