SHANGHAI ENERGY(SH:600508)2014-10-23 16:00Financial Performance - Operating revenue decreased by 25.80% to CNY 4,891,579,929.00 for the year-to-date period[6] - Net profit attributable to shareholders decreased by 65.70% to CNY 71,273,679.16 for the year-to-date period[6] - Basic earnings per share decreased by 65.52% to CNY 0.10[6] - Total profit decreased by 77.15% to ¥64,424,221.91 year-on-year, mainly due to the continued decline in coal prices[16] - Total operating revenue for Q3 2014 was approximately ¥1.50 billion, a decrease of 28% compared to ¥2.07 billion in Q3 2013[32] - Total profit for Q3 2014 was approximately ¥4.31 million, compared to a loss of ¥22.39 million in Q3 2013[34] - Net profit for Q3 2014 was ¥102,147, an improvement from a net loss of ¥16.46 million in Q3 2013[34] - Earnings per share for Q3 2014 was ¥0.01, compared to a loss of ¥0.01 per share in Q3 2013[34] Cash Flow - Cash flow from operating activities increased by 252.02% to CNY 474,860,781.61 for the year-to-date period[6] - Cash flow from operating activities for the first nine months of 2014 was approximately ¥474.86 million, an increase from ¥134.90 million in the same period of 2013[39] - The net cash flow from operating activities for the first nine months was CNY 45,338,612.08, down from CNY 486,647,405.26 year-on-year, indicating a significant decline[41] - The company reported a cash inflow from sales of goods and services of CNY 4,306,586,065.62 for the first nine months, down from CNY 5,503,884,192.07 in the same period last year[41] - The cash paid for purchasing goods and services was CNY 1,945,933,901.84, a decrease from CNY 2,490,452,233.15 year-on-year[41] - The company experienced a net decrease in cash and cash equivalents of CNY 144,734,226.31 during the reporting period[42] Assets and Liabilities - Total assets increased by 4.81% to CNY 13,748,279,474.31 compared to the end of the previous year[6] - Current liabilities totaled CNY 4.33 billion, an increase from CNY 4.10 billion, reflecting a rise of about 5.5%[27] - Non-current liabilities amounted to CNY 799.43 million, compared to CNY 653.23 million, indicating an increase of approximately 22.4%[27] - Owner's equity reached CNY 8.62 billion, up from CNY 8.37 billion, showing a growth of around 3.1%[27] - The company reported a total liability of CNY 5.13 billion, up from CNY 4.75 billion, indicating an increase of about 8.0%[27] Shareholder Information - The total number of shareholders reached 72,543 by the end of the reporting period[10] - The largest shareholder, China Coal Energy Company, holds 62.43% of the shares[10] - The company’s minority shareholders' equity increased by 37.46% to ¥562,239,651.72, primarily due to the increase in minority equity from Shanxi Yangquan Yuquan Coal Industry Co., Ltd.[14] Investment Activities - Cash outflow from investing activities decreased by 56.62% to ¥426,533,948.22, mainly due to reduced capital expenditures[18] - The total cash outflow from investment activities was CNY 438,955,676.05, compared to CNY 696,654,062.02 in the previous year, reflecting a reduction in investment spending[41] - Investment activities resulted in a net cash outflow of CNY 436,407,981.74, compared to a net outflow of CNY 690,484,542.57 in the previous year[41] Other Financial Metrics - The weighted average return on equity decreased by 1.72 percentage points to 0.89%[6] - Accounts receivable increased by 64.02% to ¥485,917,527.04 compared to the beginning of the year, primarily due to increased sales in coal and aluminum sectors[14] - Intangible assets rose by 174.50% to ¥1,206,603,215.06, mainly due to the acquisition of mining rights from Shanxi Yangquan Yuquan Coal Industry Co., Ltd.[14] - Other payables increased by 114.46% to ¥888,347,698.71, primarily due to the increase in payable equity acquisition funds and mining rights payments[15] - The company recorded an asset impairment loss of approximately -¥15.15 million in Q3 2014, compared to a gain of ¥0.44 million in Q3 2013[32]