AYIS(SH:600569)2015-10-29 16:00Financial Performance - Revenue for the first nine months decreased by 19.75% to CNY 16.68 billion compared to the same period last year[7]. - Net profit attributable to shareholders was a loss of CNY 1.28 billion, a decrease of 2,500.31% compared to the same period last year[7]. - Basic and diluted earnings per share were both -CNY 0.5328, reflecting a decrease of 2,500.00% compared to the same period last year[8]. - Total revenue for Q3 2015 was ¥5,502,178,198.41, a decrease of 21.6% compared to ¥7,020,591,506.25 in Q3 2014[27]. - Year-to-date revenue for 2015 reached ¥16,675,390,310.03, down 19.4% from ¥20,779,634,300.04 in the same period of 2014[27]. - Net loss for Q3 2015 was ¥883,384,582.61, compared to a profit of ¥8,548,542.58 in Q3 2014, indicating a significant decline[30]. - The company's total equity decreased to ¥6,053,997,555.41 in Q3 2015 from ¥7,322,232,251.02 in Q3 2014, a drop of 17.4%[24]. - The company reported a gross profit margin of -6.4% in Q3 2015, compared to 4.8% in Q3 2014[30]. Cash Flow and Liquidity - Operating cash flow decreased by 60.11% to CNY 1.97 billion for the first nine months compared to the same period last year[7]. - The company reported a net cash flow from operating activities of CNY 1,972,792,617.61, a decrease of 60.11% compared to CNY 4,945,696,641.76 in the same period last year[16]. - Cash inflow from operating activities for the first nine months of 2015 was CNY 17,883,074,047.16, down from CNY 21,094,077,442.00 in the previous year, a decline of about 15.5%[42]. - Total cash and cash equivalents at the end of Q3 2015 amounted to CNY 1,226,515,347.95, up from CNY 896,965,750.35 at the end of the previous year[40]. - Cash outflow for purchasing goods and services in the first nine months was CNY 13,974,732,792.06, slightly lower than CNY 14,227,977,184.77 in the same period last year[42]. Assets and Liabilities - Total assets increased by 3.88% to CNY 33.39 billion compared to the end of the previous year[7]. - Net assets attributable to shareholders decreased by 17.40% to CNY 5.96 billion compared to the end of the previous year[7]. - The company’s long-term payables rose by 118.93% to CNY 1,635,439,332.74 from CNY 747,003,364.87, indicating new financing lease obligations[14]. - Total liabilities increased significantly, with other payables rising by 93.82% to CNY 717,175,411.88 from CNY 370,028,714.55, indicating an increase in guarantees[14]. - Total liabilities increased to ¥26,719,113,830.36 from ¥24,515,161,820.27, indicating a rise of approximately 9.0%[21]. - The company's equity attributable to shareholders decreased to ¥5,964,802,535.30 from ¥7,221,362,954.23, a drop of approximately 17.4%[21]. Shareholder Information - The total number of shareholders was 169,966 at the end of the reporting period[12]. - The largest shareholder, Anyang Iron & Steel Group Co., Ltd., held 60.14% of the shares, with 83,167,700 shares pledged[12]. Operational Challenges - The operating profit turned negative at CNY -1,275,777,085.99, a decline of 2942.61% from CNY 44,880,477.82, primarily due to a significant reduction in steel gross margins[16]. - The company anticipates a cumulative net profit loss for the period until the next reporting date, reflecting the ongoing downturn in the steel industry and low steel prices[18]. - The company recorded an asset impairment loss of CNY 37,691,868.89, a significant increase of 292.24% from CNY 9,609,426.93, due to provisions for bad debts[16]. Future Outlook - The company has not provided specific guidance for future performance or new product developments in this report[30].