TCICL(SH:600281)2016-10-28 16:00Financial Performance - Operating revenue for the first nine months was CNY 1,039,420,730.22, down 54.14% year-on-year [6]. - Net profit attributable to shareholders was a loss of CNY 23,943,856.96, compared to a loss of CNY 25,441,965.02 in the same period last year [6]. - Total operating revenue for Q3 2016 was ¥625,137,333.38, an increase of 29.6% compared to ¥482,396,866.91 in Q3 2015 [31]. - The net profit for Q3 2016 was ¥71,375,680.67, a significant recovery from a net loss of ¥8,139,999.29 in Q3 2015 [32]. - The cumulative net profit for the first nine months of 2016 was a loss of ¥23,611,263.07, improving from a loss of ¥25,649,423.85 in the same period of 2015 [32]. - The company reported a total profit of approximately ¥72.26 million for Q3, contrasting with a loss of ¥10.94 million in the same period last year [35]. Cash Flow - Cash flow from operating activities for the first nine months was a negative CNY 177,251,728.95, compared to a negative CNY 7,928,137.70 in the previous year [6]. - Cash flow from operating activities showed a net outflow of approximately ¥177.25 million, worsening from a net outflow of ¥7.93 million in the previous year [37]. - Total cash inflow from operating activities decreased to 543,549,275.97 RMB, down 29.2% from 766,455,997.76 RMB year-on-year [38]. - Cash outflow from operating activities was 735,729,514.08 RMB, slightly down from 772,585,560.10 RMB in the previous year [38]. - Cash inflow from financing activities increased to 190,000,000.00 RMB, up 58.3% from 120,000,000.00 RMB year-on-year [38]. - Net cash flow from financing activities was positive at 178,492,990.29 RMB, compared to a negative flow of -38,931,313.88 RMB in the same period last year [38]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,216,707,334.85, a decrease of 4.00% compared to the end of the previous year [6]. - Accounts receivable at the end of the period amounted to CNY 376,617,500, an increase of 113.05% compared to the beginning of the year [12]. - Short-term borrowings at the end of the period were CNY 217,000,000, an increase of 317.39% compared to the beginning of the year [13]. - Total liabilities as of the end of Q3 2016 amounted to ¥1,209,918,239.01, down from ¥1,400,391,703.90 at the end of the previous year [28]. - Total assets at the end of Q3 2016 were ¥1,671,117,315.60, down from ¥1,883,586,873.31 at the end of the previous year [28]. - The company’s total liabilities were 1.71 billion yuan, down from 1.77 billion yuan at the beginning of the year [25]. Shareholder Information - The number of shareholders at the end of the reporting period was 26,420 [10]. - The largest shareholder, Taiyuan Chemical Industry Group Co., Ltd., held 43.48% of the shares [10]. Non-Operating Income and Expenses - Non-operating income from government subsidies was CNY 81,784,399.61 for the first nine months [9]. - Non-operating income for the current period was 96.23 million yuan, up 562.27% year-on-year, mainly due to an increase in government subsidies [16]. - Non-operating expenses for the current period reached 31.05 million yuan, a rise of 132.59% compared to the previous period, primarily due to increased fixed asset disposals [17]. Asset Impairment - The asset impairment loss for the current period amounted to 74.31 million yuan, an increase of 968.44% compared to the previous period, primarily due to increased asset loss provisions [15]. - The company incurred asset impairment losses of approximately ¥72.87 million for the first nine months, compared to ¥6.74 million in the previous year [35].