FSSS(SH:600399)2015-10-21 16:00Financial Performance - Net profit attributable to shareholders increased by 714.18% to CNY 184,207,678.59 for the first nine months of the year[7]. - Operating revenue decreased by 14.26% to CNY 3,637,697,130.37 for the first nine months compared to the same period last year[7]. - Basic and diluted earnings per share rose by 404.14% to CNY 0.2193[8]. - The company reported a significant increase in other comprehensive income, contributing positively to the overall financial performance[35]. - The company’s net profit for the first nine months of 2015 was CNY 184.21 million, up from CNY 22.62 million in the same period last year, reflecting an increase of 715.5%[34]. - The company reported a total profit of CNY 63.12 million for Q3 2015, up from CNY 9.74 million in the same quarter last year[34]. - Operating profit for Q3 2015 was CNY 17.32 million, compared to CNY 8.08 million in Q3 2014, marking a 114.0% increase[34]. Revenue and Expenses - Total revenue for Q3 2015 was CNY 1,057,060,459.42, a decrease of 22.8% compared to CNY 1,369,157,461.19 in Q3 2014[32]. - Year-to-date revenue from January to September 2015 was CNY 3,637,697,130.37, down 14.3% from CNY 4,242,860,444.97 in the same period last year[32]. - Operating expenses for the first nine months of 2015 totaled CNY 2,907.86 million, down from CNY 3,654.13 million in the previous year, a decrease of 20.4%[37]. - The company’s total operating expenses for Q3 2015 were CNY 892.39 million, down from CNY 1,196.01 million in Q3 2014, indicating a reduction of 25.4%[33]. Assets and Liabilities - Total assets increased by 11.18% to CNY 12,955,015,440.36 compared to the end of the previous year[7]. - Total liabilities reached CNY 11,020,715,648.02, compared to CNY 9,849,492,137.18 at the start of the year, reflecting an increase of 11.9%[30]. - Current liabilities totaled CNY 10,374,791,368.60, up from CNY 9,071,136,239.34 at the beginning of the year, indicating a rise of 14.3%[30]. - Non-current liabilities decreased to CNY 645,924,279.42 from CNY 778,355,897.84, a decline of 17.0%[30]. - The company’s equity attributable to shareholders was CNY 1,928,865,833.61, up from CNY 1,763,170,631.92 at the beginning of the year, indicating an increase of 9.4%[30]. Cash Flow - Net cash flow from operating activities increased by 6.52% to CNY 221,410,047.97 for the first nine months[7]. - Total cash inflow from operating activities decreased to CNY 3,642,450,810.00 from CNY 5,188,827,482.23, representing a decline of about 29.8% year-over-year[42]. - The company reported a net cash outflow from investing activities of CNY -198,199,483.46, compared to CNY -514,240,873.24 in the previous year, indicating a reduction in cash outflow by approximately 61.5%[43]. - The total cash outflow from operating activities was CNY 3,421,040,762.03, down from CNY 4,980,976,323.74, indicating a decrease of about 31.3% year-over-year[43]. - The company incurred a cash outflow of CNY 3,258,758,447.37 for debt repayment, which was an increase from CNY 3,152,070,000.00 in the previous year, reflecting a rise of approximately 3.4%[43]. Shareholder Information - The total number of shareholders reached 159,814 at the end of the reporting period[11]. - The largest shareholder, Northeast Special Steel Group Co., Ltd., holds 38.58% of the shares, with 501,549,200 shares pledged[11]. Government Subsidies and Other Income - Government subsidies recognized in the first nine months amounted to CNY 94,643,683.35[9]. - Non-recurring gains and losses totaled CNY 38,929,386.55 for the first nine months[10]. - The company experienced a 1085.98% increase in non-operating income, totaling CNY 94,896,136.83, largely due to increased government subsidies[16]. Operational Changes and Independence - The company has committed to ensuring the independence of its operations and management from Northeast Special Steel Group, including maintaining separate financial and operational structures[21]. - Northeast Special Steel Group has pledged to avoid any undue influence over the business activities of Fushun Special Steel, ensuring that all related transactions are conducted fairly and transparently[22]. - The company has established an independent financial department and accounting system to maintain financial autonomy[21]. - Fushun Special Steel's total liabilities and equity will be managed independently, with no illegal appropriation of funds or assets by Northeast Special Steel Group[21]. - The company is focused on minimizing ongoing related party transactions, adhering to principles of fairness and transparency for unavoidable transactions[22].