AXNMC(SH:600255)2016-10-28 16:00Financial Performance - Operating revenue for the first nine months was CNY 3,400,823,600.52, down 16.35% year-on-year [7]. - Net profit attributable to shareholders was a loss of CNY 79,819,352.50, an improvement from a loss of CNY 98,207,719.12 in the same period last year [7]. - The company reported a net loss of CNY 28,447,921.06 in the current period compared to a profit of CNY 73,190,569.46 in the previous period [25]. - Total operating revenue for Q3 2016 was approximately ¥1.17 billion, a decrease of 21.0% compared to ¥1.48 billion in Q3 2015 [29]. - Net profit for Q3 2016 was a loss of approximately ¥16.56 million, compared to a loss of ¥61.72 million in Q3 2015, indicating an improvement [30]. - Total comprehensive income for the first nine months of 2016 was -81,949,556.61 RMB, compared to -50,703,420.83 RMB in the previous year, reflecting a worsening performance [34]. Cash Flow - The net cash flow from operating activities for the first nine months was a negative CNY 112,993,256.80, an improvement from a negative CNY 265,126,086.48 in the previous year [7]. - Cash inflow from operating activities totaled ¥1,417,492,528.69, up from ¥1,100,589,628.66, representing an increase of approximately 28.8% year-over-year [40]. - Cash outflow from operating activities decreased to ¥1,206,022,175.75 from ¥1,364,929,098.70, reflecting a reduction of about 11.6% [40]. - The net cash flow from investing activities was -¥134,940,739.81, an improvement from -¥1,043,237,924.21 in the previous year [40]. - The company reported a total cash inflow from operating activities of ¥1,417,492,528.69, while cash outflow was ¥1,206,022,175.75, leading to a positive cash flow situation [40]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,655,501,699.61, a decrease of 6.13% compared to the end of the previous year [7]. - Current liabilities decreased from CNY 1,612,657,210.01 to CNY 1,431,567,198.79, a reduction of about 11.2% [23]. - Total liabilities decreased from CNY 1,633,313,923.76 to CNY 1,452,104,043.63, a decline of about 11.1% [23]. - Owner's equity decreased from CNY 3,326,065,497.95 to CNY 3,203,397,655.98, a reduction of approximately 3.7% [23]. - Non-current assets totaled CNY 2,265,001,774.79, down from CNY 2,320,589,694.06, a decrease of about 2.4% [22]. Shareholder Information - The total number of shareholders at the end of the reporting period was 184,967 [9]. - The largest shareholder, Wuhu Hengxin Copper Industry Group Co., Ltd., held 245,058,255 shares, accounting for 13.85% of the total shares [9]. - The controlling shareholder, Wuhu Hengxin Copper Industry Group, committed to invest approximately ¥128 million to increase its stake in the company over the next 12 months [17]. - The actual controller, Li Feilie, pledged to purchase between 2 million shares and up to 2% of the total share capital at a price below ¥10 per share within the next 12 months [17]. Government Support and Subsidies - Government subsidies recognized in the first nine months amounted to CNY 9,395,835.93 [8]. - Cash received from government subsidies increased by 48.60% to ¥13,271,603.90, reflecting higher government support [12]. Operational Efficiency - The company experienced a significant reduction in net losses year-over-year, indicating potential recovery and improved operational efficiency [30]. - The company has no significant changes in net profit forecast compared to the same period last year, indicating stability in financial performance [19]. - The company will continue to adhere to fair and transparent practices in related party transactions to protect the interests of minority shareholders [16].