Nisco(SH:600282)2016-10-28 16:00Financial Performance - Net profit attributable to shareholders was CNY 227.62 million, a significant recovery from a loss of CNY 474.31 million in the same period last year[4]. - Operating revenue increased by 2.04% to CNY 17.68 billion year-on-year[10]. - The company reported a total profit of CNY 280.33 million, recovering from a loss of CNY 628.90 million in the same period last year[11]. - Basic and diluted earnings per share were CNY 0.0574, recovering from a loss of CNY 0.1224 in the previous year[4]. - The company reported a net loss of ¥-2,198,995,623.95 for the current period, an improvement from a loss of ¥-2,512,523,632.83 in the previous period[30]. - The total profit for Q3 2016 was approximately ¥94.07 million, contrasting with a loss of ¥685.98 million in the previous year[34]. - In Q3 2016, the company reported a net profit of ¥262,835,481.59, a significant recovery from a net loss of ¥399,044,281.56 in the same period last year[37]. Cash Flow - Net cash flow from operating activities surged by 765.60% to CNY 2.67 billion compared to the same period last year[4]. - The operating cash flow for the first nine months of 2016 was ¥2,672,469,964.00, a substantial increase compared to ¥308,742,504.11 in the same period last year[39]. - Cash inflow from financing activities was ¥13.38 billion, significantly higher than ¥7.38 billion in the same quarter last year[42]. - The financing activities generated a net cash outflow of ¥2,795,920,542.57 in the first nine months of 2016, contrasting with a net inflow of ¥1,834,362,014.07 in the same period last year[40]. - The company reported a significant increase in cash inflows from operating activities, totaling ¥18,766,389,397.39 for the first nine months of 2016, compared to ¥17,792,473,332.00 in the previous year[39]. Assets and Liabilities - Total assets decreased by 7.60% to CNY 33.58 billion compared to the end of the previous year[4]. - Cash and cash equivalents decreased by 36.29% to ¥2,797,908,859.19, down from ¥4,391,791,026.26[12]. - Total liabilities decreased to ¥21,963,756,059.58 from ¥24,831,341,048.62, representing a reduction of about 11.5%[30]. - The company's current assets decreased to CNY 8.26 billion from CNY 10.25 billion at the beginning of the year, indicating a decline of approximately 19.3%[24]. - The total liabilities of the company were CNY 25.84 billion, down from CNY 29.16 billion, indicating a reduction of about 11.7%[25]. Shareholder Information - The number of shareholders reached 172,450, with the largest shareholder holding 45.31% of the shares[7]. - The company is focused on maintaining the interests of minority shareholders[21]. - The commitments made by the controlling shareholders are aimed at protecting the interests of Nanjing Steel Co., Ltd. and its shareholders[20]. Operational Commitments - The company committed to maintaining its existing operational structure and will not establish or expand any business that competes with Nanjing Steel Co., Ltd. under normal circumstances[20]. - The actual controller, Guo Guangchang, commits to not engaging in any competing business with Nanjing Steel Union during his control period[21]. - The company has committed to maintaining operational independence and avoiding conflicts of interest with its controlling shareholders[22]. - Nanjing Steel Union promises not to interfere with the company's management activities or infringe on company interests[21]. Investment and Costs - Operating costs decreased by 1.60% to CNY 15.83 billion, attributed to lower raw material procurement prices[10]. - The company reported a significant increase in investment income, reaching approximately ¥50.07 million in Q3 2016, compared to ¥6.75 million in Q3 2015[34]. - Cash outflow for purchasing goods and services was ¥23.90 billion, compared to ¥17.21 billion last year[42]. - The total operating costs for the first nine months of 2016 were approximately ¥17.53 billion, a decrease from ¥17.92 billion in the same period of 2015[36].