FSSS(SH:600399)2018-10-21 16:00Financial Performance - Revenue for the first nine months rose by 5.60% to CNY 4,352,109,426.82 compared to CNY 4,121,419,347.39 in the same period last year[6]. - Net profit attributable to shareholders was CNY -126,164,506.18, a decrease of 287.01% compared to CNY 67,465,318.93 in the previous year[6]. - Year-to-date net profit for the first nine months of 2018 was a loss of ¥126,164,506.18, compared to a profit of ¥67,465,318.93 in the same period last year[36]. - The company's operating revenue for Q3 2018 was CNY 1,400,626,613.40, a decrease of 2.2% compared to CNY 1,442,632,410.54 in Q3 2017[38]. - The net profit for Q3 2018 was a loss of ¥56,623,131.83, compared to a profit of ¥7,876,887.79 in Q3 2017, indicating a significant decline[36]. - The total comprehensive income for Q3 2018 was -52,985,065.48, significantly lower than the comprehensive income of 9,327,662.46 in Q3 2017[40]. Assets and Liabilities - Total assets decreased by 11.05% to CNY 8,508,701,081.33 compared to the end of the previous year[6]. - The company's current assets decreased to CNY 4,113,509,124.68 from CNY 5,131,672,863.63, representing a reduction of about 20%[26]. - The total liabilities decreased to CNY 9,461,582,853.59 from CNY 10,692,572,266.40, indicating a decline of approximately 11.5%[28]. - The total amount of debt claims submitted by creditors reached 9,811,682,577.37 as of October 19, 2018, with 967 claims filed[16]. - The company's total equity attributable to shareholders decreased to CNY -952,881,772.26 from CNY -1,126,717,266.08, indicating an improvement in the negative equity position[28]. Cash Flow - Operating cash flow increased significantly by 288.21% to CNY 133,336,555.25 year-to-date[6]. - The net cash flow from operating activities increased by 288.21% to 133,336,555.25, primarily due to an increase in cash received from sales of goods and services[14]. - Cash and cash equivalents decreased by 54.84% to CNY 1,004,781,366.52 from CNY 2,224,725,744.24 at the end of the previous year[10]. - Cash and cash equivalents at the end of the period totaled ¥409,963,574.66, compared to ¥210,755,017.21 at the end of the previous year, representing an increase of 94.5%[43]. - The company reported a net cash flow from financing activities of ¥106,041,676.69, a decrease of 2.2% from ¥108,227,062.95 in the previous year[43]. Shareholder Information - The number of shareholders reached 118,646 at the end of the reporting period[8]. - The largest shareholder, Northeast Special Steel Group Co., Ltd., holds 38.2% of the shares, with 496,876,444 shares[8]. Impairment and Restructuring - The company reported an asset impairment loss of 16,567,470.76, an increase of 489.91% compared to the previous year[12]. - The company is undergoing a restructuring process, with the court accepting the application for reorganization on September 20, 2018[16]. - The company is actively seeking to improve its financial situation through restructuring and other measures to enhance sustainability[23]. Other Financial Metrics - Basic and diluted earnings per share were both CNY -0.0970, down 286.90% from CNY 0.0519[6]. - The company's investment income was reported at -2,373,186.23, reflecting a 100% decrease due to losses from an associated company[12]. - The company incurred financial expenses of ¥289,908,500.46 for the first nine months of 2018, slightly down from ¥298,465,862.36 in the same period last year[35].