BAOTI(SH:600456)2015-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 6,070.20% to a loss of CNY 89,948,258.57 year-on-year[6] - Operating revenue declined by 14.81% to CNY 1,505,929,455.03 for the first nine months of the year[6] - Basic and diluted earnings per share both reported a loss of CNY 0.209, a decrease of 5,325.00% compared to the previous year[7] - The company faced challenges due to declining average selling prices of titanium products, impacting profitability[7] - Increased depreciation expenses from project transitions contributed to the overall financial strain during the reporting period[7] - Investment income showed a significant decline of 202.50% to -¥2,393,520.96, primarily due to increased losses from joint ventures[11] - The company expects a cumulative net profit loss for the year 2015 due to weak market demand and increased competition in the titanium industry[17] Cash Flow - Net cash flow from operating activities showed a significant decrease of 222.65%, resulting in a negative cash flow of CNY 142,566,228.89[6] - Cash flow from operating activities showed a net outflow of -¥142,566,228.89, a decrease of 222.65% compared to the same period last year[12] - Operating cash inflow for the first nine months of 2015 was CNY 492,776,451.24, a decrease of 45.5% compared to CNY 904,630,332.98 in the same period last year[44] - Net cash flow from operating activities was negative CNY 140,595,729.53, compared to a positive CNY 89,487,427.45 in the previous year[45] - Total cash outflow from operating activities was CNY 633,372,180.77, down 22.3% from CNY 815,142,905.53 year-on-year[45] - Cash inflow from financing activities was CNY 1,140,000,000.00, a decrease of 35.7% from CNY 1,770,000,000.00 in the previous year[45] - Net cash flow from financing activities was CNY 73,118,906.25, compared to a negative CNY 16,619,733.04 in the same period last year[45] - Cash outflow for investment activities was CNY 23,221,412.48, significantly higher than CNY 5,960,483.76 in the previous year[45] - Net cash flow from investment activities was negative CNY 21,750,780.01, compared to negative CNY 4,067,125.43 in the same period last year[45] Shareholder Information - The number of shareholders reached 30,111, indicating a stable shareholder base[8] - The largest shareholder, BaoTi Group Co., Ltd., holds 55.04% of the shares, totaling 236,826,585 shares[8] - The company’s major shareholder, Baotai Group, increased its stake by acquiring 8,599,287 shares, bringing its total ownership to 55.04%[15] Assets and Liabilities - Total assets increased by 1.19% to CNY 7,019,123,178.28 compared to the end of the previous year[6] - Total current assets increased to CNY 3,829,987,641.64 from CNY 3,644,229,121.88, representing a growth of approximately 5.06%[23] - Total liabilities increased to CNY 3,197,257,051.48 from CNY 3,005,458,663.58, reflecting a rise of approximately 6.38%[25] - Short-term borrowings increased to CNY 990,000,000.00 from CNY 900,000,000.00, marking an increase of 10%[24] - Non-current assets totaled CNY 3,189,135,536.64, down from CNY 3,292,141,385.13, indicating a decrease of about 3.14%[24] - The company's equity attributable to shareholders decreased to CNY 3,506,523,516.71 from CNY 3,617,873,249.33, a decline of approximately 3.08%[25] Inventory and Receivables - Accounts receivable increased by 79.39% to ¥711,155,584.48 due to an increase in customer sales outstanding[10] - Prepayments rose by 157.78% to ¥39,795,946.48, attributed to increased advance payments for material procurement[10] - Inventory rose significantly to CNY 2,044,718,593.23, up from CNY 1,776,469,485.95, indicating an increase of about 15.08%[23] Tax and Expenses - The company reported a 66.11% decrease in business tax and additional charges to ¥3,093,018.20, attributed to a reduction in VAT payments[11] - Management expenses increased to approximately ¥73.40 million in Q3 2015, compared to ¥42.02 million in Q3 2014, reflecting a rise of 74.8%[36] - Financial expenses for Q3 2015 were approximately ¥29.53 million, a slight increase from ¥28.08 million in Q3 2014[36]