XSS(SH:600117)2018-10-30 16:00Financial Performance - Operating revenue for the first nine months increased by 20.97% to CNY 5.08 billion compared to the same period last year[6] - Net profit attributable to shareholders was a loss of CNY 576.10 million, a decrease of 257.42% compared to the same period last year[6] - The net profit for the first nine months of 2018 was a loss of CNY 578,281,785.15, which represents a 256.73% increase in loss compared to a loss of CNY 162,105,710.00 in the same period of 2017[14] - Net profit for Q3 2018 was a loss of ¥579,897,374.72, compared to a loss of ¥165,320,184.86 in Q3 2017, indicating a significant decline in profitability[35] - The company reported a total profit loss of ¥592,257,016.34 for Q3 2018, compared to a loss of ¥165,111,607.66 in Q3 2017[29] Cash Flow - Net cash flow from operating activities for the first nine months was a negative CNY 338.76 million, a decrease of 1,222.49% compared to the same period last year[6] - The net cash flow from operating activities for the first nine months of 2018 was a negative ¥338,756,674.35, compared to a positive cash flow of ¥30,178,966.55 in the same period of 2017[37] - Cash inflow from financing activities totaled CNY 12,253,437,893.00, down 19.3% from CNY 15,160,358,639.72 year-on-year[41] - Net cash flow from financing activities improved to CNY 518,475,414.48, compared to a negative CNY (261,930,835.88) in the same period last year[41] Assets and Liabilities - Total assets increased by 2.20% to CNY 24.82 billion compared to the end of the previous year[6] - The company's total liabilities increased significantly, with other payables rising by 131.49% to CNY 3,141,061,983.60 from CNY 1,356,860,442.79[13] - Current liabilities rose to CNY 16.43 billion, compared to CNY 15.24 billion in the previous year, indicating an increase of about 7.9%[20] - The total liabilities increased to CNY 21.70 billion, up from CNY 20.58 billion, representing a growth of approximately 5.4%[20] Shareholder Information - The company had a total of 75,068 shareholders at the end of the reporting period[11] - The largest shareholder, Xining Special Steel Group, held 35.37% of the shares, amounting to 369,669,184 shares[12] - Shareholders' equity decreased to CNY 3.13 billion from CNY 3.70 billion, indicating a decline of about 15.3%[20] Operating Costs and Expenses - The company's operating costs for the first nine months of 2018 increased by 39.00% to CNY 4,664,464,556.44 compared to CNY 3,355,757,160.85 in the same period of 2017, primarily due to higher sales volume and raw material prices[14] - Total operating expenses for the first nine months of 2018 were ¥5,674,583,813.90, an increase from ¥4,360,962,116.9 in the previous year[28] - Financial expenses for Q3 2018 amounted to ¥329,565,706.39, significantly higher than ¥179,066,122.60 in the same quarter last year[29] Investment and Subsidies - The company reported a government subsidy income of CNY 10.54 million for the first nine months[8] - The investment income for the first nine months of 2018 was CNY 1,237,131.11, a significant turnaround from a loss of CNY -786,563.85 in the same period of 2017, marking a 257.28% increase[14] - The company reported a total investment cash inflow of ¥57,595,049.92 for the first nine months of 2018, compared to ¥6,243,623.78 in the same period last year[37] Other Financial Metrics - Basic and diluted earnings per share were both CNY -0.55, a decrease of CNY -0.40 compared to the previous year[7] - The company's retained earnings showed a significant decline, with a loss of CNY -721,471,260.91 compared to a loss of CNY -145,366,918.12 at the beginning of the year, representing a 396.31% increase in loss[13] - The company reported a significant decrease in income tax expenses, with a loss of CNY -6,502,988.52 compared to a gain of CNY 7,012,050.68 in the previous year, reflecting a 192.74% change[14]