HZIS(SH:600126)2015-10-23 16:00Financial Performance - Operating revenue for the first nine months decreased by 36.59% to CNY 7,290,606,019.32 compared to the same period last year[7]. - Net profit attributable to shareholders was a loss of CNY 409,223,934.68, compared to a profit of CNY 5,057,751.62 in the same period last year[7]. - Total revenue for the first nine months was CNY 7,290,606,019.32, down from CNY 11,498,137,329.38 in the same period last year, representing a decrease of approximately 36.3%[32]. - Net profit for the first nine months was a loss of CNY 400,001,977.06, compared to a profit of CNY 15,887,902.70 in the same period last year[33]. - Total operating costs for the first nine months were CNY 7,679,926,501.06, compared to CNY 11,467,287,619.05 in the previous year, reflecting a decline of about 32.4%[33]. - Operating profit turned negative at CNY -389,645,835.50, a significant decline from CNY 30,606,609.16 in the previous year, representing a decrease of 1,373.08%[11]. - Net profit attributable to the parent company was CNY -409,223,934.68, down from CNY 5,057,751.62, marking a decline of 8,191.02%[12]. - Total comprehensive income for Q3 2015 was -¥118,225,266.58, compared to -¥5,756,546.02 in Q3 2014[37]. Assets and Liabilities - Total assets decreased by 14.62% to CNY 6,000,857,124.95 compared to the end of the previous year[7]. - The company's total assets decreased to CNY 5,885,720,822.77 from CNY 6,897,561,699.01 at the beginning of the year, a reduction of approximately 14.7%[31]. - The company's current assets totaled CNY 3,930,954,354.79, down from CNY 4,801,460,337.70 at the beginning of the year, indicating a decline of approximately 18.1%[25]. - The company's total liabilities decreased to CNY 3,565,012,468.51 from CNY 4,143,118,718.11, a reduction of approximately 13.9%[31]. - The total liabilities of the company were CNY 2,778,954,701.97, down from CNY 3,396,791,446.11, representing a decrease of approximately 18.2%[27]. - The company's equity attributable to shareholders decreased from CNY 3,307,498,401.46 to CNY 2,894,079,773.03, a decline of about 12.5%[27]. Cash Flow - Net cash flow from operating activities decreased by 54.46% to CNY 350,987,754.05 compared to the same period last year[7]. - Cash flow from operating activities decreased by 54.46% to CNY 350,987,754.05 compared to CNY 770,692,177.26 in the previous year[14]. - The net cash flow from operating activities for Q3 2015 was ¥350,987,754.05, a decrease of 54.5% compared to ¥770,692,177.26 in Q3 2014[40]. - Total cash inflow from operating activities for the first nine months of 2015 was ¥9,316,421,093.66, down 32.4% from ¥13,746,714,621.77 in the same period last year[43]. - The ending cash and cash equivalents balance for Q3 2015 was ¥352,287,551.34, an increase from ¥220,327,616.08 at the end of Q3 2014[41]. - The cash and cash equivalents increased by ¥84,863,250.29 in Q3 2015, contrasting with a decrease of ¥13,947,804.42 in Q3 2014[40]. Shareholder Information - The total number of shareholders was 63,010, with the largest shareholder holding 65.50% of the shares[9]. - The largest shareholder, Hangzhou Steel Group Co., Ltd., held 549,532,150 shares[9]. - As of the end of the reporting period, the controlling shareholder, Hangzhou Iron & Steel Group, had increased its stake by acquiring 3,639,400 shares, representing 0.43% of the total shares issued[21]. - The company has not identified any related party relationships among the top shareholders[9]. Restructuring and Future Plans - The company is undergoing a major asset restructuring due to the planned shutdown of its main production base by the end of 2015[17]. - The company plans to continue its major asset restructuring, which is pending approval from the China Securities Regulatory Commission[20]. - The company plans to raise CNY 280 million through a share issuance to support asset acquisition, with a maximum of 530,303,024 shares to be issued at CNY 5.28 per share[18]. - The company has committed to maintaining the interests of all shareholders, particularly minority shareholders, during the restructuring process[20]. Other Financial Metrics - Basic and diluted earnings per share were both CNY -0.49, a decrease of 5,000% compared to the previous year[8]. - Accounts receivable increased by 149.10% to CNY 119,993,469.68 from CNY 48,171,751.84[11]. - The company reported non-recurring gains and losses totaling CNY 2,575,332.11 for the period[9]. - The company reported a 56.48% decrease in prepayments, totaling CNY 47,114,143.89, down from CNY 108,268,411.76[11]. - The company experienced a 82.46% reduction in taxes payable, amounting to CNY 5,748,845.64 compared to CNY 32,775,437.95 in the previous year[11]. - The company reported a cash balance of CNY 352,287,551.34, slightly up from CNY 347,344,002.30 at the beginning of the year[25]. - The accounts receivable decreased from CNY 2,894,194,907.83 to CNY 2,232,449,514.78, indicating a decline of approximately 22.9%[25].