CPEC(SH:600339)2015-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 1,391,237,828.02, a decrease of 35.77% year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 300,642,157.98, compared to a loss of CNY 57,382,493.24 in the same period last year[5] - Operating revenue decreased by 35.77% year-on-year, amounting to RMB 1,391,237,828.02, primarily due to a decline in sales volume and price of main products[14] - Net profit attributable to shareholders of the parent company was a loss of RMB 300,642,157.98, an increase in losses compared to the previous year[15] - The company anticipates a cumulative net profit loss for the year, influenced by current chemical market conditions and product sales[22] - The company reported a net loss of CNY 429,101,859.10 in equity attributable to shareholders, compared to a loss of CNY 128,459,701.12 at the beginning of the year[28] - The total profit for the first nine months of 2015 was approximately -¥368.81 million, compared to -¥54.87 million in the same period of 2014, showing a significant increase in losses[37] - The net profit for Q3 2015 was -86,522,811.60 RMB, compared to -10,349,477.04 RMB in the same period last year, indicating a significant decline[38] - The total comprehensive income for Q3 2015 was -86,522,811.60 RMB, reflecting a significant loss compared to -54,869,129.30 RMB in the same quarter last year[38] Cash Flow - Net cash flow from operating activities increased by 718.30% to CNY 218,508,256.54 compared to the same period last year[5] - Cash flow from operating activities generated a net cash inflow of 218,508,256.54 RMB, a substantial increase from 26,702,623.44 RMB year-over-year[42] - The company incurred cash outflows of 1,284,089,987.52 RMB for operating activities, compared to 1,961,413,252.53 RMB in the same period last year[42] - Investment activities generated a net cash flow of -RMB 15,794,276.73, an improvement of RMB 172,907,710.79 compared to the previous year[19] - Investment activities resulted in a net cash outflow of -15,794,276.73 RMB, a decrease from -188,701,987.52 RMB year-over-year[43] - Cash flow from financing activities showed a net outflow of -175,281,410.47 RMB, contrasting with a net inflow of 108,873,267.01 RMB in the previous year[43] Assets and Liabilities - Total assets decreased by 3.40% to CNY 3,800,241,459.09 compared to the end of the previous year[5] - Net assets attributable to shareholders decreased by 29.91% to CNY 703,607,919.51 compared to the end of the previous year[5] - Total liabilities increased to CNY 2,458,329,448.56 from CNY 2,252,769,161.22 at the beginning of the year, reflecting a rise of 9.1%[32] - Current liabilities totaled CNY 2,183,039,301.53, up from CNY 1,962,862,448.66 at the start of the year, indicating an increase of 11.2%[32] - Non-current liabilities decreased to CNY 275,290,147.03 from CNY 289,906,712.56, a decline of 5.1%[32] - Minority interests decreased by 57.56% compared to the beginning of the period, primarily due to increased losses from a subsidiary[12] Shareholder Information - The number of shareholders reached 64,101 at the end of the reporting period[9] Inventory and Receivables - Accounts receivable decreased by 55.15% to CNY 15,040,000.00 compared to the beginning of the year[10] - Inventory decreased to CNY 120,258,443.07 from CNY 154,715,282.03, a reduction of 22.2%[31] - Accounts receivable rose to CNY 122,644,609.82 from CNY 63,674,738.64, an increase of 92.5%[30] Other Financial Metrics - Asset impairment losses surged by 158.74% year-on-year, totaling RMB 64,368,297.02, due to the net realizable value of certain products being lower than their inventory cost[14] - Special reserves increased by 164.71% compared to the beginning of the period, attributed to the accrual of safety production expenses[12] - Other current liabilities decreased by 53.47% from the beginning of the period, due to the amortization of government grants[12] - The company reported an investment income of approximately ¥9.44 million for the first nine months of 2015, slightly up from ¥9.03 million in the same period of 2014[37] - Sales expenses for the first nine months of 2015 were approximately ¥70.56 million, a slight decrease from ¥74.65 million in the same period of 2014[37] Revenue Trends - Total revenue for Q3 2015 was CNY 540,205,394.28, a decrease of 38.7% compared to CNY 880,455,148.48 in Q3 2014[34] - Year-to-date revenue reached CNY 1,391,237,828.02, down 35.7% from CNY 2,166,160,834.28 in the same period last year[34] - Total operating revenue for Q3 2015 was approximately ¥540.21 million, a decrease from ¥880.46 million in Q3 2014, representing a decline of 38.7%[35] - The total operating costs for Q3 2015 were approximately ¥643.33 million, down from ¥895.84 million in Q3 2014, indicating a reduction of 28.2%[35] - For the first nine months of 2015, total operating revenue was approximately ¥1.10 billion, down from ¥1.51 billion in the same period of 2014, a decrease of 27.4%[37]