FSSS(SH:600399)2017-10-27 16:00Financial Performance - Revenue for the first nine months reached CNY 4,121,419,347.39, an increase of 18.60% year-over-year[6] - Net profit attributable to shareholders decreased by 48.90% to CNY 67,465,318.93 compared to the same period last year[6] - Basic earnings per share fell by 48.92% to CNY 0.0519[8] - Total revenue for Q3 2017 was approximately 1.35 billion, an increase from 1.08 billion in the same quarter last year, representing a growth of 24.7%[38] - Operating profit for Q3 2017 reached approximately 10.75 million, compared to 33.04 million in the previous year, indicating a decrease of 67.5%[39] - Net profit attributable to shareholders for Q3 2017 was approximately 7.88 million, down from 28.02 million in the same quarter last year, a decline of 71.8%[39] - The total profit for the first three quarters was ¥81,081,846.20, down from ¥154,563,141.18 in the same period last year, reflecting a decrease of approximately 47.5%[42] - The total comprehensive income for the first three quarters was ¥68,150,782.67, down from ¥130,876,549.04 in the previous year, reflecting a decline of approximately 47.9%[44] Assets and Liabilities - Total assets increased by 2.17% to CNY 12,617,578,145.18 compared to the end of the previous year[6] - Current liabilities totaled CNY 9,576,378,430.86, down from CNY 9,884,439,845.29 in the previous year[32] - The company’s non-current liabilities totaled CNY 917,310,185.01, up from CNY 480,619,503.57 year-on-year[32] - The company’s total liabilities amounted to CNY 10,493,688,615.87, compared to CNY 10,365,059,348.86 in the previous year[32] - Long-term borrowings increased to CNY 658,280,000.00 from CNY 158,280,000.00 year-on-year, indicating a significant rise in financing[36] Cash Flow - Operating cash flow increased by 88.75% to CNY 34,346,524.61 for the first nine months compared to the same period last year[6] - The net cash flow from operating activities for the first nine months of 2017 was RMB 138,045,276.84, significantly higher than RMB 13,570,961.02 in the same period last year, marking an increase of 910.5%[46] - Total cash inflow from operating activities for the first nine months of 2017 reached RMB 5,094,833,318.03, up 33.0% from RMB 3,829,549,744.86 in the same period last year[46] - Cash outflow for financing activities in Q3 2017 was RMB 4,215,747,075.42, a decrease of 5.8% from RMB 4,476,841,766.95 in Q3 2016[47] Shareholder Information - The total number of shareholders reached 124,131 at the end of the reporting period[8] - The largest shareholder, Northeast Special Steel Group, holds 38.22% of the shares, with 496,876,444 shares frozen[8] - The company's equity attributable to shareholders rose to CNY 2,123,889,529.31 from CNY 1,985,024,210.38, reflecting a growth of approximately 7%[32] Expenses and Costs - The company reported total costs of approximately 1.14 billion for Q3 2017, up from 877.08 million in the same quarter last year, reflecting an increase of 30.1%[38] - The financial expenses for Q3 2017 were approximately 115.85 million, compared to 88.42 million in the previous year, an increase of 30.9%[38] - The financial expenses for the first three quarters totaled ¥276,494,221.28, an increase from ¥240,853,858.25, representing a rise of approximately 14.8%[42] - The company's management expenses for the first three quarters were ¥125,982,642.32, a decrease from ¥163,530,185.37, indicating a reduction of about 23%[42] Inventory and Receivables - The company's accounts receivable decreased to ¥1,318,212,550.52 from ¥1,113,792,530.69[30] - The company's inventory as of September 30, 2017, was ¥2,560,250,163.02, an increase from ¥2,438,664,929.28 at the beginning of the year[30] - Inventory levels rose to CNY 2,481,392,924.85, compared to CNY 2,367,324,034.49 at the start of the year, indicating a growth of about 4.8%[35]