SBT(SH:600608)2015-10-26 16:00Financial Performance - Operating revenue for the first nine months was CNY 123,384,245.94, representing a decline of 37.30% year-on-year [6]. - Net profit attributable to shareholders was a loss of CNY 17,677,230.79, compared to a loss of CNY 4,096,954.65 in the same period last year [6]. - Basic and diluted earnings per share were both -CNY 0.05, compared to -CNY 0.01 in the same period last year [7]. - Total revenue for the third quarter was CNY 34,082,424.71, a decrease from CNY 83,100,442.49 in the same period last year [27]. - Year-to-date revenue reached CNY 123,384,245.94, down from CNY 196,782,671.16 year-over-year [27]. - The net profit attributable to the parent company for Q3 2015 was a loss of CNY 5,699,850.57, compared to a profit of CNY 8,777,464.31 in the same period last year [29]. - The company reported an operating profit of CNY -6,114,442.95 for Q3 2015, a significant decline from the previous year's profit of CNY 7,650,371.17 [28]. - The total comprehensive income for Q3 2015 was CNY -5,564,691.49, contrasting with CNY 7,741,173.37 in Q3 2014 [29]. - The net profit for the first nine months of 2015 was a loss of CNY 8,718,548.17, compared to a profit of CNY 4,201,848.25 in the same period last year [31]. Cash Flow - The net cash flow from operating activities for the first nine months was CNY 9,525,275.37, recovering from a negative cash flow of CNY 24,066,029.84 in the previous year [6]. - The company’s cash received from operating activities increased by 33.22% to CNY 7,585,220.73 from CNY 5,693,760.30 [13]. - Cash inflow from operating activities totaled CNY 147,788,556.51, a decrease of 4.4% compared to CNY 154,143,834.72 in the previous year [35]. - Cash outflow for purchasing goods and services was CNY 91,847,290.32, down 16.0% from CNY 109,365,969.92 year-over-year [35]. - Cash inflow from investment activities was CNY 19,857,463.72, compared to CNY 19,376,240.00 in the previous year [36]. - Net cash flow from investment activities was negative at CNY -480,902.28, a decline from CNY 17,788,445.24 in the previous year [36]. - Cash inflow from financing activities was CNY 30,000,000.00, down 24.0% from CNY 39,500,000.00 year-over-year [36]. - Net cash flow from financing activities was CNY -6,628,100.00, an improvement from CNY -11,285,408.00 in the previous year [36]. - The ending cash and cash equivalents balance was CNY 29,371,958.18, up from CNY 11,069,934.23 at the end of the previous year [36]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 190,137,029.60, a decrease of 2.60% compared to the end of the previous year [6]. - The company’s total current assets decreased to CNY 146,763,270.32 from CNY 149,360,147.24 [20]. - The company’s fixed assets decreased to CNY 35,300,104.36 from CNY 37,598,240.25 [20]. - Total liabilities increased to CNY 219,456,229.95 from CNY 206,584,348.73 [22]. - Current liabilities totaled CNY 212,349,611.66, up from CNY 199,477,730.44 [22]. - Non-current liabilities remained stable at CNY 7,106,618.29 [22]. - The company reported a negative retained earnings of CNY -856,715,302.31, worsening from CNY -839,038,071.52 [22]. - The total equity attributable to shareholders was CNY -42,021,396.74, compared to CNY -24,344,165.95 previously [22]. Shareholder Information - The total number of shareholders at the end of the reporting period was 24,970 [11]. - The top shareholder, Kunming Transportation Investment Co., Ltd., held 39,486,311 shares, accounting for 12.01% of the total shares [11]. Operational Insights - Operating costs decreased by 37.04% to CNY 116,509,633.21 from CNY 185,044,045.27, primarily due to reduced sales volume and lower raw material prices [12]. - The company reported a significant increase in non-recurring gains of CNY 30,587.85 compared to a loss of CNY 10,211.22 in the previous period [9]. - The company has not disclosed any new product developments or market expansion strategies in this report [6]. - The company anticipates a potential loss for the fiscal year 2015 due to a continuous decline in the downstream market for special steel pipes and corrugated pipes, along with high energy and labor costs [15]. - The company reported a 66.09% decrease in employee compensation payable, dropping to CNY 1,224,087.35 from CNY 3,609,813.29, as previous accruals were paid during the reporting period [12]. - Management expenses for Q3 2015 were CNY 6,592,428.23, an increase from CNY 5,475,042.30 in the same period last year [28]. Audit and Compliance - The report has not been audited, and the board members have confirmed the accuracy and completeness of the financial statements [4]. - The company’s stock may face suspension from trading if the audited net profit or net assets remain negative for the fiscal year 2015 [15].