DYEC(SH:600403)2016-10-28 16:00Financial Performance - Operating revenue for the first nine months was CNY 2.64 billion, a decrease of 32.79% year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 1.29 billion, compared to a loss of CNY 579.92 million in the same period last year[7] - The weighted average return on net assets decreased by 10.15 percentage points to -16.23%[7] - Total operating revenue for the third quarter was CNY 1,047,002,630.47, slightly down from CNY 1,047,963,547.26 in the same period last year[30] - Year-to-date revenue reached CNY 2,635,613,270.70, compared to CNY 3,921,366,059.31 for the same period last year, indicating a decline of approximately 32.8%[30] - Total operating expenses for the first nine months of 2016 were ¥1,952,854,900.24, a decrease of 23.4% from ¥2,551,175,983.14 in the same period last year[35] - The total profit for Q3 2016 was a loss of ¥257,430,154.03, which is an improvement from a loss of ¥326,640,104.01 in Q3 2015[35] - The company reported a total comprehensive income of -¥352,264,171.72 for Q3 2016, compared to -¥391,624,166.20 in Q3 2015, reflecting a 10% improvement[32] Assets and Liabilities - Total assets decreased by 5.66% to CNY 14.69 billion compared to the end of the previous year[7] - Net assets attributable to shareholders decreased by 13.36% to CNY 7.36 billion compared to the end of the previous year[7] - The company's total equity was CNY 10,226,432,055.52, down from CNY 11,238,125,130.36, representing a decline of approximately 9.0%[29] - Current assets decreased from CNY 4.94 billion at the beginning of the year to CNY 4.08 billion, representing a decline of about 17.4%[23] - The company's total current liabilities increased from CNY 5.08 billion to CNY 6.15 billion, an increase of approximately 21.2%[24] - The company’s non-current liabilities due within one year increased by CNY 911,000,000.00, a rise of 511.80%, due to the maturity of some long-term borrowings[12] - Total liabilities decreased to CNY 9,619,490,752.02 from CNY 9,951,040,842.40, reflecting a reduction of about 3.3%[29] Cash Flow - The company reported a net cash flow from operating activities of -CNY 150.95 million for the first nine months[7] - Cash inflow from operating activities for the first nine months was 3,068,731,848.91 CNY, down from 4,902,998,458.40 CNY year-on-year, representing a decrease of approximately 37.3%[39] - The net cash flow from operating activities was -150,951,982.42 CNY for the first nine months, an improvement from -398,023,762.09 CNY in the previous year[39] - The net cash flow from financing activities was -112,184,511.42 CNY, compared to a positive flow of 990,099,642.35 CNY in the same period last year[40] - The company received 1,431,000,000.00 CNY in borrowings during the first nine months, down from 2,413,200,000.00 CNY in the previous year[39] - The cash outflow for purchasing goods and services was 1,477,386,406.61 CNY, down from 2,734,114,405.95 CNY year-on-year, indicating a reduction of approximately 46.0%[39] Shareholder Information - The total number of shareholders reached 32,481 at the end of the reporting period[10] - The largest shareholder, Yima Coal Industry Group Co., Ltd., holds 63.04% of the shares[10] Production and Operational Issues - The company incurred a total of CNY 206 million in losses due to production stoppages at coal mines, primarily from incidents at Qianqiu and Gengcun coal mines[9] - The company expects to incur a cumulative net loss for the year due to a decline in coal production and sales, as well as increased production costs[19] - The company is actively coordinating with relevant government departments to resolve legal issues regarding mining rights, ensuring continued operational stability[16] Changes in Financial Metrics - Basic and diluted earnings per share were both -CNY 0.5379[7] - Financial expenses increased by CNY 61,150,607.58, a rise of 270.71%, primarily due to increased interest expenses from bank loans[14] - Asset impairment losses rose by CNY 46,003,132.01, up 159.06%, mainly due to inventory impairment provisions resulting from falling coal prices[14] - The company’s special reserves increased by CNY 151,284,099.07, a significant rise of 1321.11%, due to unutilized safety and maintenance fees[12] - The company reported a decrease in cash inflow from sales of goods and services, totaling 3,001,543,027.50 CNY, compared to 4,782,391,714.48 CNY in the previous year[38]