JSHX(SH:600307)2015-10-26 16:00Financial Performance - Operating revenue for the first nine months dropped by 46.86% to CNY 43.30 billion year-on-year[7] - Net profit attributable to shareholders of the listed company was a loss of CNY 3.53 billion, compared to a loss of CNY 136.12 million in the same period last year[7] - The company's weighted average return on equity was -24.05%, down from -0.83% in the previous year[7] - The company's net loss was primarily influenced by the downturn in the domestic economy and oversupply in the steel industry, leading to continuous price declines[14] - The net profit for Q3 2015 was a loss of ¥1,998,985,962.81, compared to a profit of ¥181,941,789.13 in Q3 2014, indicating a significant downturn[29] - The total profit for the first nine months of 2015 was a loss of ¥3,017,167,335.52, contrasting with a profit of ¥771,133,815.51 in the same period last year[31] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 949.73 million, a decline of 117.29% compared to the previous year[7] - The company's operating cash flow for the first nine months of 2015 was negative at ¥949,725,903.66, compared to a positive cash flow of ¥5,491,374,433.43 in the previous year[34] - The net cash flow from operating activities for the first nine months of 2015 was -1,152,056,024.44 RMB, compared to 5,134,344,999.78 RMB in the same period last year, indicating a significant decline in operational performance[36] - Total cash inflow from operating activities was 37,474,934,015.94 RMB, down from 59,438,499,737.86 RMB year-over-year, reflecting a decrease of approximately 37%[36] - Cash outflow for purchasing goods and services was 35,842,886,973.04 RMB, compared to 51,285,932,766.11 RMB in the previous year, representing a reduction of about 30%[36] - The net cash flow from investing activities was -336,503,242.61 RMB, compared to -446,422,434.87 RMB in the same period last year, showing an improvement in investment cash flow[37] Assets and Liabilities - Total assets decreased by 17.63% to CNY 43.78 billion compared to the end of the previous year[7] - As of September 30, 2015, the company's total assets amounted to approximately CNY 43.78 billion, a decrease from CNY 53.15 billion at the beginning of the year, reflecting a decline of about 17.6%[20] - The company's current assets totaled CNY 12.16 billion, down from CNY 21.72 billion at the start of the year, indicating a reduction of approximately 44%[21] - Total liabilities decreased to CNY 30,221,967,846.50 from CNY 35,269,903,381.58 at the start of the year[26] - The company's equity totaled CNY 15,603,156,907.83, down from CNY 18,138,284,653.99 at the beginning of the year[26] Inventory and Receivables - Inventory decreased by 45.19% compared to the beginning of the year due to reduced procurement and increased sales efforts[13] - Inventory levels dropped from CNY 8.12 billion to CNY 4.45 billion, a decrease of approximately 45.5%[21] - The company's accounts receivable rose to CNY 2.47 billion from CNY 823 million, marking an increase of approximately 200%[21] - Accounts receivable increased to CNY 3,470,106,931.59 from CNY 2,817,859,280.67 at the beginning of the year[24] - Inventory decreased significantly to CNY 2,844,389,799.02 from CNY 6,769,207,483.01 at the beginning of the year[25] Financial Warnings and Commitments - The company reported a net profit warning for the upcoming reporting period, indicating potential losses compared to the previous year[17] - The company has committed to avoiding competition with its major shareholder, ensuring no direct or indirect involvement in carbon steel production[16] - The company has taken measures to maintain the independence of its operations and avoid unfair related transactions with its major shareholder[17] - The company has not yet made substantial progress on the cooperation agreement signed with China Nuclear Longrui Technology Co., Ltd., and will disclose any significant developments in the future[15] Operating Costs - The gross profit margin for the first nine months was negatively impacted by a 44.54% decrease in operating costs year-on-year[13] - Total operating costs for Q3 2015 were CNY 11,921,506,531.18, compared to CNY 26,866,636,441.81 in Q3 2014[28] - The total operating costs for Q3 2015 were ¥9,033,210,566.81, compared to ¥20,337,201,839.18 in Q3 2014, reflecting a decrease of about 55.6%[31] Cash and Equivalents - Cash and cash equivalents decreased significantly from CNY 11.72 billion to CNY 4.34 billion, representing a decline of about 63.0%[21] - Cash inflow from financing activities totaled 16,518,435,000.00 RMB, down from 20,642,569,205.27 RMB year-over-year, a decrease of approximately 20%[37] - The ending cash and cash equivalents balance was 3,152,544,446.66 RMB, significantly lower than 10,235,521,897.70 RMB at the end of the same period last year, a decline of about 69%[37]