FSSS(SH:600399)2014-04-24 16:00Financial Performance - Operating income rose by 4.27% to CNY 1,527,358,868.70 year-on-year[9] - Net profit attributable to shareholders increased by 16.64% to CNY 5,958,809.78 compared to the same period last year[9] - The company reported a net profit excluding non-recurring gains and losses of CNY 6,048,359.78, a 28.21% increase year-on-year[9] - Total operating revenue for the current period reached ¥1,527,358,868.70, an increase of 4.8% compared to ¥1,464,834,117.48 in the previous period[26] - Net profit for the current period was ¥5,958,809.78, representing a 16.6% increase from ¥5,108,767.01 in the previous period[27] - Basic earnings per share rose to ¥0.011, compared to ¥0.010 in the previous period, indicating a 10% increase[27] Assets and Liabilities - Total assets increased by 1.92% to CNY 11,729,256,287.18 compared to the end of the previous year[9] - The company's total liabilities increased to CNY 10,011,303,549.51 from CNY 9,796,688,210.51, representing a rise of about 2.18%[21] - Current assets totaled CNY 6,947,998,959.66, up from CNY 6,754,577,717.55, indicating an increase of approximately 2.87%[19] - The company's equity attributable to shareholders reached CNY 1,717,952,737.67, slightly up from CNY 1,711,993,927.89, indicating a marginal increase of about 0.35%[21] - Total assets increased to ¥11,707,664,964.19 from ¥11,492,629,398.84, marking a growth of 1.9%[24] - Total liabilities rose to ¥9,978,454,286.15, up from ¥9,770,136,255.87, reflecting a 2.1% increase[24] Cash Flow - Net cash flow from operating activities improved by 5.49% to CNY 75,193,120.97 year-to-date[9] - Operating cash inflow totaled CNY 1,559,430,236.38, an increase from CNY 1,461,635,869.27 in the previous period, reflecting a growth of approximately 6.5%[34] - Operating cash outflow amounted to CNY 1,483,465,696.49, compared to CNY 1,394,829,849.92 in the prior period, indicating an increase of about 6.4%[34] - Cash flow from financing activities showed a net outflow of CNY -55,187,895.02, indicating a reduction in financing[12] - The net cash flow from financing activities was negative at CNY -54,833,528.75, a decline from a positive CNY 56,539,563.93 in the previous period[35] Shareholder Information - The total number of shareholders reached 43,963 at the end of the reporting period[10] - The largest shareholder, Northeast Special Steel Group Co., Ltd., holds 54.49% of the shares, totaling 283,349,201 shares[11] Changes in Receivables and Payables - Accounts receivable increased by 47.24% to CNY 1,272,162,969.67 due to growth in sales revenue[12] - Prepayments rose by 58.35% to CNY 119,086,501.29, attributed to increased material payments[12] - Other receivables surged by 325.35% to CNY 67,674,177.43, resulting from increased inter-company transactions[12] - Employee compensation payable increased by 326.03% to CNY 12,125,181.98 due to accrued benefits[12] - Tax payable rose by 165.21% to CNY 26,848,366.92, mainly due to increased VAT[12] Operational Independence - The company maintained an independent financial structure, ensuring no shared bank accounts with the Northeast Special Steel Group[16] - Fushun Special Steel Co., Ltd. emphasized its operational independence, with no interference from the Northeast Special Steel Group in its business activities[16]