FSSS(SH:600399)2014-10-23 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 22,624,845.16, an increase of 42.66% year-on-year[7]. - Operating revenue for the first nine months was CNY 4,242,860,444.97, reflecting a year-on-year increase of 1.58%[7]. - Basic earnings per share increased to CNY 0.04, representing a growth of 33.33%[9]. - The weighted average return on equity rose by 0.38 percentage points to 1.31%[7]. - Total operating revenue for Q3 2014 was CNY 1,369,157,461.19, an increase of 1.0% compared to CNY 1,343,150,184.44 in Q3 2013[36]. - Net profit for Q3 2014 reached CNY 8,141,102.71, representing a significant increase of 76.5% from CNY 4,612,730.44 in Q3 2013[38]. - Operating profit for Q3 2014 was CNY 8,079,815.49, up by 28.4% compared to CNY 6,297,025.12 in the same period last year[38]. - The total comprehensive income for Q3 2014 was CNY 8,141,102.71, compared to CNY 4,612,730.44 in Q3 2013, marking a growth of 76.5%[39]. - The company reported a total profit of CNY 10,805,057.02 for the third quarter, compared to CNY 7,442,977.99 in the previous year, marking an increase of approximately 45%[44]. Cash Flow - The net cash flow from operating activities was CNY 207,851,158.49, down 68.06% compared to the same period last year[7]. - Cash flow from operating activities for the first nine months was CNY 207,851,158.49, a decrease from CNY 650,758,477.07 in the same period last year[45]. - The cash flow from investing activities showed a net outflow of CNY 514,240,873.24, compared to a net outflow of CNY 987,211,196.36 in the previous year[46]. - The cash flow from financing activities generated a net inflow of CNY 266,232,050.92, down from CNY 739,683,344.67 in the same period last year[46]. - Operating cash inflow for Q3 2014 was CNY 5,100,734,591.36, an increase from CNY 4,416,595,687.54 in Q3 2013, reflecting a growth of approximately 15.5%[49]. - Net cash outflow from investing activities was CNY -513,975,929.95, compared to CNY -987,047,045.13 in the same period last year, indicating a reduction in investment losses[49]. - The net cash flow from financing activities was CNY 267,316,974.53, a significant decline from CNY 741,726,367.93 in the previous year, showing a decrease of approximately 64%[50]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 11,448,788,339.04, a decrease of 0.52% compared to the end of the previous year[7]. - The total liabilities decreased to CNY 9,683,549,404.18 from CNY 9,770,136,255.87 year-over-year, reflecting a reduction of approximately 0.9%[35]. - Current liabilities decreased to CNY 8,924,640,002.63 from CNY 9,380,522,202.28, a reduction of about 4.8%[30]. - The company's cash and cash equivalents decreased to CNY 2,272,356,229.21 from CNY 2,717,855,916.96 at the beginning of the year, representing a decline of approximately 16.4%[28]. - The total equity attributable to shareholders rose to CNY 1,724,218,773.05 from CNY 1,711,993,927.89, reflecting a growth of about 0.7%[30]. - The total equity increased to CNY 1,737,068,502.52 from CNY 1,722,493,142.97, showing a growth of 0.8%[35]. Shareholder Information - The total number of shareholders at the end of the reporting period was 37,291[11]. - The largest shareholder, Northeast Special Steel Group Co., Ltd., held 49.61% of the shares, totaling 257,987,868 shares[11]. Other Financial Metrics - The company recognized a total of CNY 6,238,782.66 in non-recurring gains and losses for the year-to-date[11]. - The company reported a debt restructuring gain of CNY 1,630,520.72 during the reporting period[11]. - Prepayments increased by 193.40% to ¥220,644,245.05 compared to ¥75,203,347.21 in the previous year[16]. - Other receivables surged by 430.12% to ¥84,343,612.50 from ¥15,910,410.84 year-on-year[16]. - Construction in progress rose by 58.43% to ¥1,323,643,760.00 from ¥835,489,722.14[16]. - Tax expenses increased by 191.39% to ¥17,423,276.99 compared to ¥5,979,297.14 in the previous year[16]. - The company reported an 81.29% decrease in asset impairment losses to ¥2,385,517.95 from ¥12,750,771.73[16]. - Operating tax and additional charges fell by 34.95% to ¥13,377,919.35 from ¥20,566,833.92[16]. Strategic Initiatives - The company committed to avoiding substantial competition with Fushun Special Steel and ensuring operational independence post-acquisition[18]. - The company has adjusted its financial reporting to comply with new accounting standards, impacting the classification of long-term equity investments[25]. - The company is actively engaged in ongoing projects, with construction in progress valued at CNY 1,323,643,760.00, up from CNY 835,489,722.14[29].