SCIE(SH:600546)2015-10-30 16:00Financial Performance - Operating revenue decreased by 21.17% to CNY 38.63 billion year-on-year due to a continued downturn in the coal market[10] - Net profit attributable to shareholders decreased by 223.91% to a loss of CNY 88.72 million compared to the same period last year[6] - Investment income decreased by 87.72% year-on-year due to fewer dividends received compared to the previous year[11] - Total revenue for Q3 2015 was CNY 13,662,487,982.80, slightly down from CNY 13,755,169,752.77 in Q3 2014[28] - Year-to-date revenue reached CNY 38,630,492,806.21, compared to CNY 49,005,004,212.24 for the same period last year, indicating a decline of approximately 21.1%[28] - The net profit for Q3 2015 was a loss of approximately ¥69.98 million, contrasting with a profit of ¥59.59 million in Q3 2014[30] - The total profit for the first nine months of 2015 was approximately ¥57.31 million, down from ¥325.14 million in the same period last year[31] - Basic earnings per share for Q3 2015 were -¥0.05, compared to ¥0.01 in Q3 2014[30] - The company reported a total comprehensive income of approximately -¥69.98 million for Q3 2015, compared to ¥59.59 million in Q3 2014[30] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 89.18% to CNY 99.52 million year-on-year, reflecting reduced coal sales revenue[10] - Cash inflow from operating activities for the first nine months was CNY 47.26 billion, down 22.3% from CNY 60.81 billion in the previous year[34] - Cash outflow from operating activities totaled CNY 47.16 billion, a decrease of 21.4% compared to CNY 59.89 billion last year[35] - Net cash flow from operating activities was CNY 99.52 million, significantly lower than CNY 919.93 million in the same period last year[35] - Cash inflow from investment activities was CNY 278.37 million, compared to CNY 236.64 million in the previous year[35] - Net cash flow from investment activities was -CNY 651.22 million, an improvement from -CNY 814.67 million year-over-year[35] - Cash inflow from financing activities reached CNY 19.59 billion, up 37.4% from CNY 14.29 billion last year[35] - Net cash flow from financing activities was CNY 1.23 billion, compared to CNY 576.59 million in the previous year[35] - The ending cash and cash equivalents balance was CNY 2.49 billion, down from CNY 2.74 billion year-over-year[36] - The company reported a net increase in cash and cash equivalents of CNY 675.72 million, slightly higher than CNY 650.63 million in the previous year[36] - Total cash inflow from financing activities included CNY 16.90 billion from borrowings, an increase from CNY 12.70 billion last year[38] Assets and Liabilities - Total assets increased by 9.37% to CNY 52.28 billion compared to the end of the previous year[6] - Cash and cash equivalents increased by 74.46% compared to the beginning of the period, indicating a growth in cash reserves[11] - Long-term receivables increased by 125% due to payments for financing lease deposits[11] - The company's total current liabilities increased to CNY 35.71 billion from CNY 33.59 billion, representing a growth of about 6.3%[21] - Short-term borrowings rose to CNY 13.78 billion, compared to CNY 11.76 billion at the beginning of the year, marking an increase of approximately 17.2%[21] - Total liabilities increased to CNY 27,903,521,356.63 from CNY 23,779,997,525.71, reflecting a rise of about 17.8%[26] - Total equity as of September 30, 2015, was CNY 7,251,843,435.75, slightly down from CNY 7,258,390,095.99 at the beginning of the year[26] Operational Changes and Management - Sales expenses increased by 42.61% due to the adoption of a two-invoice settlement method for freight[10] - Financial expenses increased by 4.19% due to an increase in total borrowings during the reporting period[10] - Management expenses for Q3 2015 were about ¥20.32 million, slightly lower than ¥25.63 million in the same period last year[31] - Financial expenses for Q3 2015 were approximately ¥28.26 million, down from ¥59.36 million in Q3 2014, indicating improved cost management[31] - The company has committed to ensuring the independence of its operations, with no direct interference from controlling shareholders in decision-making processes[16] Legal and Regulatory Matters - The company won several legal cases, including a favorable arbitration ruling against CHINA SINOSTEEL (SINGAPORE) PTE LTD, which is currently in the execution phase[14] - The company has extended the equity custody agreement for four coal trading companies until December 31, 2016, due to unresolved property issues[17] Inventory Management - The company reported a significant increase in inventory, which rose to CNY 3.34 billion from CNY 3.11 billion, reflecting a growth of approximately 7.2%[20] - Inventory levels dropped to CNY 156,321,073.71 from CNY 212,882,495.09, representing a decrease of approximately 26.5%[25]