SLSVC(SH:600123)2014-10-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 97.88% to CNY 17.57 million for the first nine months of the year[7] - Operating revenue for the first nine months was CNY 3.84 billion, down 21.41% year-on-year[7] - The company reported a significant decline in diluted earnings per share, down 97.88% to CNY 0.0154[7] - Total operating revenue for Q3 2014 was RMB 1,266,881,059.06, a decrease of 29.3% compared to RMB 1,793,467,696.31 in Q3 2013[30] - Net profit for Q3 2014 was RMB 9,811,053.54, a significant decline of 90.6% compared to RMB 104,813,553.04 in Q3 2013[30] - The total profit for the first nine months of 2014 was RMB 28,336,521.48, a decrease of 97.3% compared to RMB 1,054,257,827.13 in the same period last year[30] - Basic earnings per share for Q3 2014 were RMB 0.0223, down from RMB 0.1134 in Q3 2013[32] - The company experienced a loss in minority interests amounting to RMB 15,697,769.58 in Q3 2014, compared to a loss of RMB 24,688,192.69 in Q3 2013[32] - The total comprehensive income for Q3 2014 was RMB 9,811,053.54, a decrease of 90.6% from RMB 104,813,553.04 in Q3 2013[32] Asset and Liability Management - Total assets increased by 6.49% to CNY 21.81 billion compared to the end of the previous year[7] - Total liabilities increased to CNY 11.59 billion, up from CNY 10.00 billion year-on-year, representing a growth of approximately 15.9%[25] - Current assets rose to CNY 7.09 billion, compared to CNY 6.96 billion at the beginning of the year, reflecting an increase of about 1.5%[27] - Total equity decreased slightly to CNY 10.22 billion from CNY 10.48 billion, a decline of about 2.5%[25] - Short-term borrowings increased to CNY 1.72 billion, compared to CNY 743.5 million, indicating a rise of approximately 131.5%[25] - The company’s long-term borrowings decreased to CNY 1.55 billion from CNY 1.68 billion, a decline of about 7.4%[25] - The total liabilities to equity ratio stands at approximately 1.14, indicating a leverage increase compared to the previous year[25] Production and Sales - Coal production increased by 14.30% to 5.21 million tons, while sales rose by 2.16% to 4.83 million tons[8] - Urea production dropped by 26.32% to 900,200 tons, with sales down 25.26% to 891,000 tons[8] - The average selling price of coal decreased by 21.48% to CNY 475.78 per ton[8] - The average selling price of urea fell by 17.10% to CNY 1,555.13 per ton[8] Cash Flow Analysis - The net cash flow from operating activities improved by 228.28% to CNY 382.35 million compared to the same period last year[7] - Operating cash flow improved by 228.28% to ¥382,353,019.99, due to reduced payments for goods and services[18] - The net cash flow from operating activities for the year-to-date period (January to September) is RMB 382,353,019.99, a significant improvement compared to a net outflow of RMB -298,052,678.70 in the same period last year[38] - Total cash inflow from operating activities amounted to RMB 3,721,143,045.53, while cash outflow was RMB 3,338,790,025.54, resulting in a net cash inflow of RMB 382,353,019.99[38] - Cash inflow from investment activities decreased to RMB 241,661,107.45 from RMB 1,166,383,996.96 year-on-year, leading to a net cash outflow of RMB -629,304,622.49 compared to a net inflow of RMB 228,102,555.76 last year[38] - Cash inflow from financing activities totaled RMB 2,299,275,805.49, slightly down from RMB 2,394,115,792.34 in the previous year[39] - The net cash flow from financing activities was RMB 967,795,379.70, a turnaround from a net outflow of RMB -277,640,704.15 in the same period last year[39] Investment and Impairment - Investment income decreased by 43.96% to ¥163,660,862.06, attributed to declining coal product prices affecting the performance of the associated company[16] - Asset impairment losses surged by 1415.24% to ¥267,785,148.01, mainly due to the shutdown and relocation of the fertilizer subsidiary[16]