SLSVC(SH:600123)2016-10-25 16:00Financial Performance - Net profit attributable to shareholders decreased by 469.90% to a loss of CNY 236.26 million for the first nine months[7] - Operating revenue for the first nine months fell by 16.95% to CNY 2.84 billion compared to the same period last year[7] - The total profit for the period was -329,907,072.82 RMB, a decrease of 580.37% compared to the previous year, primarily due to declines in coal and urea product sales[17] - Net profit for Q3 2016 was a loss of approximately ¥87.34 million, compared to a loss of ¥30.54 million in Q3 2015[30] - The net loss for the first nine months of 2016 was approximately ¥344.99 million, compared to a loss of ¥30.85 million in the same period of 2015[30] - The company reported a total comprehensive loss of approximately ¥87.34 million for Q3 2016, compared to a loss of ¥30.54 million in Q3 2015[30] Cash Flow - The company reported a net cash flow from operating activities of -CNY 156.44 million, a decrease of 807.38% year-on-year[7] - Operating cash flow net amount was -156,440,876.60 RMB, a significant decrease of 807.38% compared to the previous period[18] - The total cash inflow from operating activities for the first nine months of 2016 was CNY 2,568,846,469.36, a decrease of 14.1% compared to CNY 2,991,037,132.68 in the same period last year[34] - The net cash flow from operating activities was negative CNY 156,440,876.60, worsening from negative CNY 17,240,938.63 year-on-year[34] - Cash inflow from financing activities totaled CNY 3,857,204,251.77, an increase of 18.4% compared to CNY 3,256,678,216.59 in the previous year[35] - The net cash flow from financing activities was CNY 811,010,301.13, significantly higher than CNY 223,981,055.32 in the same period last year[35] Assets and Liabilities - Total assets increased by 5.59% to CNY 24.06 billion compared to the end of the previous year[7] - Total liabilities increased to CNY 14.11 billion, up from CNY 12.49 billion, representing a growth of approximately 12.99% year-over-year[25] - Current liabilities rose to CNY 6.32 billion, compared to CNY 5.81 billion, marking an increase of about 8.73%[25] - Long-term borrowings increased by 37.16% to 3,027,243,680.10 RMB, reflecting additional borrowings from the company headquarters and Yumei Mine[15] - The total non-current liabilities rose to CNY 7.79 billion from CNY 6.67 billion, indicating an increase of about 16.73%[25] - Shareholders' equity decreased to CNY 9.96 billion from CNY 10.30 billion, a decline of about 3.30%[25] Sales and Production - Coal production decreased by 7.42% to 4.84 million tons, while sales dropped by 9.55% to 4.33 million tons[10] - The average selling price of coal (excluding tax) decreased by 18.28% to CNY 331.49 per ton[10] - Urea product sales increased by 5.80% to 0.90 million tons, despite a price drop of 33.65% to CNY 1,056.59 per ton[10] Shareholder Information - The total number of shareholders reached 73,071 at the end of the reporting period[11] Investment and Acquisitions - The company completed the acquisition of 53.2% of Shanxi Lanhua Qinyu Coal Mine Co., Ltd., impacting financial reporting[7] - The company has paid 90% of the acquisition price for a 51% stake in Luhe Coal Industry, amounting to 242,43.49 million RMB[18] Other Financial Metrics - The weighted average return on net assets decreased by 3.21 percentage points to -2.54%[7] - Accounts receivable decreased by 52.21% to 66,367,559.30 RMB, mainly due to the recovery of payments during the period[15] - Prepayments increased by 45.51% to 585,851,637.93 RMB, attributed to higher advance payments for engineering and equipment[15] - The company experienced a 46.94% rise in financial expenses, totaling 183,292,218.29 RMB, due to the cessation of interest capitalization for certain integrated mines[16]