XSS(SH:600117)2016-10-28 16:00Financial Performance - Operating revenue for the first nine months increased by 33.32% to CNY 5,013,062,032.54 compared to the same period last year[6] - Net profit attributable to shareholders improved by 31.03% to a loss of CNY 349,917,895.37 compared to the same period last year[6] - Basic earnings per share improved by 30.88% to a loss of CNY 0.47 per share compared to the same period last year[6] - The company reported a total profit of approximately ¥58.88 million for the first nine months of 2016, compared to a loss of ¥221.12 million in the same period of 2015[26] - Net profit for Q3 2016 was approximately ¥10.31 million, a significant improvement from a net loss of ¥271.73 million in Q3 2015[25] - The total profit for the first nine months of 2016 was approximately -¥370.40 million, an improvement from -¥526.66 million in the same period of 2015[25] Assets and Liabilities - Total assets increased by 2.02% to CNY 25,891,590,266.34 compared to the end of the previous year[6] - Total liabilities amounted to CNY 24,473,602,974.89, an increase of 3.87% from CNY 23,561,922,791.75[16] - Current liabilities increased to CNY 21,081,154,576.17, compared to CNY 19,055,111,394.49 at the start of the year, marking an increase of 10.63%[15] - The company’s total liabilities and equity reached CNY 25,891,590,266.34, up from CNY 25,380,159,042.46, indicating a growth of 2.01%[16] - The company’s total liabilities decreased by 69.04% in current non-current liabilities due to the repayment of non-public debt instruments[11] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 321,436,287.89, worsening by 92.00% compared to the same period last year[6] - Cash inflow from operating activities totaled 2,138,837,579.94 RMB, down from 3,476,794,587.71 RMB year-over-year[30] - Cash outflow from operating activities was 2,460,273,867.83 RMB, a decrease from 3,644,210,123.30 RMB in the previous year[30] - Cash flow from operating activities for the first nine months was -321,436,287.89 RMB, compared to -167,415,535.59 RMB in the same period last year, indicating worsening cash flow[30] - The company’s net cash increase for the period was -451,594,269.41 RMB, compared to -314,530,697.69 RMB in the previous year[31] Shareholder Information - The total number of shareholders reached 60,239 by the end of the reporting period[9] - The largest shareholder, Xining Special Steel Group Co., Ltd., holds 49.87% of the shares, with 369,669,184 shares pledged[9] Inventory and Receivables - Accounts receivable dropped significantly by 82.15%, from ¥112,491,948.83 to ¥20,074,354.74, mainly due to increased discounts by a subsidiary[11] - The company’s inventory rose to ¥2,219,505,182.52, up from ¥1,945,540,929.21, reflecting a strategy to maintain stock levels amid market fluctuations[14] - Inventory levels increased to CNY 1,010,816,943.85, up from CNY 843,499,929.52, reflecting a growth of 19.83%[19] Government Support and Future Plans - The company received government subsidies amounting to CNY 7,967,096.33 during the reporting period[7] - The company plans to initiate a non-public stock issuance following approval from the China Securities Regulatory Commission, aiming to strengthen its capital base[12]