SCC(SH:600740)2016-10-26 16:00Financial Performance - Operating revenue for the first nine months was ¥2,447,110,608.25, a decrease of 5.94% year-on-year[7] - Net profit attributable to shareholders of the listed company was -¥34,012,235.92, showing significant improvement from -¥437,324,859.32 in the same period last year[8] - Basic earnings per share for the period was -¥0.0403, improving from -¥0.5784 in the same period last year[8] - The company achieved operating revenue of CNY 244.71 million for the first nine months, a decrease of CNY 15.44 million or 5.94% compared to the same period last year[17] - The net profit attributable to the parent company improved to a loss of CNY 30.87 million, an increase of CNY 41.20 million compared to a loss of CNY 442.87 million in the same period last year[17] - The total profit for the first nine months of 2016 was reported at ¥2,445,953,876.63, down from ¥2,599,685,127.77 in the same period of 2015[41] - Net profit for the first nine months was CNY 55,324,641.74, contrasting with a net loss of CNY -443,594,609.95 in the same period last year[42] Cash Flow - Cash flow from operating activities generated ¥61,497,943.46, a substantial recovery from -¥515,396,164.59 in the previous year[7] - The net cash flow from operating activities increased by CNY 576.89 million, compared to a negative cash flow of CNY 51.54 million in the previous year[20] - The net cash flow from investing activities improved by CNY 231.58 million, from a negative CNY 378.09 million in the previous year[20] - The net cash flow from financing activities decreased significantly by CNY 647.18 million, primarily due to reduced borrowings[20] - Cash flow from operating activities generated a net cash inflow of CNY 61,497,943.46, recovering from a net outflow of CNY -515,396,164.59 in the previous year[46] - Cash inflow from financing activities totaled $1,298,400,000.00, compared to $2,296,500,000.00 in the previous period[49] Assets and Liabilities - Total assets at the end of the reporting period reached ¥10,703,928,674.45, an increase of 0.97% compared to the end of the previous year[7] - Total liabilities increased to CNY 8,159,206,655.82 from CNY 8,026,137,352.19, indicating a rise of 1.65%[30] - Current liabilities totaled CNY 5,786,629,167.60, up from CNY 5,615,802,438.17, representing an increase of 3.04%[30] - Non-current liabilities decreased to CNY 2,372,577,488.22 from CNY 2,410,334,914.02, a decline of 1.57%[30] - The company's retained earnings showed a negative balance of CNY -1,281,910,875.74, worsening from CNY -1,251,040,963.56 at the beginning of the year[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 59,980[13] - The largest shareholder, Shanxi Coking Coal Group Co., Ltd., held 14.22% of the shares, totaling 108,867,242 shares[13] Market and Operational Strategy - The company plans to integrate its operations with Shanxi Coking Coal Group and other subsidiaries to enhance competitiveness and promote sustainable development in the coking industry[24] - The company is focusing on the integration of its coking business during the 13th Five-Year Plan period (2016-2020) to streamline operations and improve efficiency[24] - The company plans to expand its market presence and invest in new product development to drive future growth[37] Government Support - The company received government subsidies amounting to ¥5,299,053.60 during the reporting period, which are closely related to its normal business operations[9] Restructuring Efforts - The company is currently undergoing a major asset restructuring, with financial and legal advisors actively preparing the restructuring report and related materials[21] - The company plans to accelerate the restructuring process and will convene a board meeting to review related matters once the necessary work is completed[21] Inventory and Receivables - Accounts receivable increased to CNY 910,245,786.36 from CNY 707,253,008.76, representing a growth of about 28.7%[28] - Inventory decreased to CNY 154,710,096.04 from CNY 223,916,206.05, a decline of 30.9%[33]