SCIE(SH:600546)2016-10-27 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY -500.83 million, a decrease of 461.87% year-on-year[13]. - Operating income for the period was CNY 37.35 billion, down 3.31% from the previous year[7]. - Total operating revenue for Q3 2016 was CNY 2,105,774,719.15, a decrease of 35.4% compared to CNY 3,265,033,486.88 in Q3 2015[34]. - Net profit for Q3 2016 was a loss of CNY 11,148,179.09, compared to a loss of CNY 69,981,645.94 in Q3 2015[35]. - The company reported a total profit of CNY 28,205,967.53 in Q3 2016, compared to a loss of CNY 37,556,615.68 in Q3 2015[34]. - The company recorded a net loss attributable to shareholders of CNY 56,206,460.66 in Q3 2016, compared to a loss of CNY 97,643,674.82 in Q3 2015[35]. - Operating profit for Q3 2016 was CNY 27,748,416.52, a significant improvement from a loss of CNY 39,033,324.66 in Q3 2015[34]. - The total comprehensive income for Q3 2016 was a loss of CNY 11,148,179.09, compared to a loss of CNY 69,981,645.94 in Q3 2015[35]. Cash Flow and Liquidity - Net cash flow from operating activities increased by 690.89% to CNY 787.11 million compared to the same period last year[14]. - Operating cash inflow for the first nine months of 2016 was CNY 42.81 billion, a decrease of 9.7% from CNY 47.26 billion in the same period last year[38]. - Cash inflow from other operating activities increased to CNY 6.07 billion, up from CNY 5.08 billion, reflecting a growth of 19.5%[38]. - Cash outflow for purchasing goods and services was CNY 34.08 billion, down from CNY 40.80 billion, indicating a reduction of 16.6%[38]. - Total cash inflow from financing activities was CNY 16.98 billion, a decrease of 13.1% compared to CNY 19.59 billion in the previous year[39]. - Net cash flow from financing activities was negative at CNY -2.65 billion, contrasting with a positive CNY 1.23 billion in the same period last year[39]. - Cash and cash equivalents at the end of the period stood at CNY 1.17 billion, down from CNY 2.49 billion year-on-year[39]. - The company reported a significant reduction in cash outflow for taxes, which was CNY 837.95 million, down from CNY 994.94 million, a decrease of 15.7%[38]. Assets and Liabilities - Total assets decreased by 2.42% to CNY 49.27 billion compared to the end of the previous year[7]. - The company’s cash and cash equivalents decreased from RMB 6.26 billion at the beginning of the year to RMB 4.81 billion by September 30, 2016, a decline of approximately 23.3%[25]. - Total liabilities decreased to ¥29,324,733,963.95 from ¥29,055,685,034.03, indicating a slight increase in financial stability[31]. - The total equity attributable to shareholders decreased to ¥6,921,033,248.35 from ¥6,944,123,947.59, a reduction of 0.33%[31]. - Current liabilities decreased from RMB 37.54 billion to RMB 36.65 billion, a reduction of about 2.4%[26]. - The company’s long-term borrowings decreased from RMB 3.01 billion to RMB 2.73 billion, a decline of approximately 9.3%[26]. - The total non-current liabilities decreased to ¥3,102,504,109.54 from ¥3,394,016,438.36, a decline of 8.6%[31]. Operational Changes - Sales expenses decreased by 40.83% year-on-year, attributed to changes in the sales model[12]. - The company transferred 100% equity of seven wholly-owned subsidiaries to Huarong Jinshang Asset Management Co., Ltd., which is expected to reduce significant losses and financial risks[15]. - The seven subsidiaries reported a total loss of approximately RMB 800 million in 2015, and losses are still ongoing, severely impacting the company's overall performance[16]. - The company has committed to ensuring independence in personnel, assets, finance, organization, and operations from its controlling shareholders[18]. - The company has extended the equity custody agreement for four coal trading and service companies until December 31, 2016, due to unresolved property rights issues[21]. - The company is actively monitoring litigation risks related to its subsidiaries and aims to minimize these risks[17]. Investment Activities - The company’s investment activities generated a net cash flow decrease of 61.39% due to reduced capital expenditures in coal mining[14]. - Investment activities resulted in a net cash outflow of CNY -251.46 million, an improvement from CNY -651.22 million in the previous year[39].