FJC(SH:600802)2016-04-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 1,117,019,472.79, a decrease of 21.58% year-on-year[9] - Net profit attributable to shareholders was a loss of CNY 203,743,124.73, compared to a loss of CNY 14,150,109.89 in the same period last year[9] - The company's total profit decreased by 28,012.76 million RMB, primarily due to a significant drop in product prices and sales volume, resulting in an increased loss of 15,582.53 million RMB[19] - The net profit attributable to the parent company decreased by 18,959.30 million RMB, mainly due to the substantial reduction in total profit[19] - Total operating revenue for Q3 2015 was ¥337,008,320.49, a decrease of 34.5% compared to ¥514,497,817.45 in Q3 2014[38] - Net profit for Q3 2015 was a loss of ¥98,988,441.31, compared to a loss of ¥17,980,231.67 in Q3 2014[38] - The net profit attributable to the parent company for Q3 2015 was -79,208,065.33 CNY, compared to -24,240,759.31 CNY in the same period last year, indicating a significant decline[39] - The total comprehensive income attributable to the parent company for Q3 2015 was -224,919,439.95 CNY, down from -7,599,309.31 CNY year-over-year[41] - The net loss for the first nine months of 2015 was -54,956,225.94 CNY, compared to -26,013,245.35 CNY in the same period last year, indicating ongoing financial challenges[40] Assets and Liabilities - Total assets decreased by 6.07% to CNY 5,075,013,578.73 compared to the end of the previous year[8] - The company's total liabilities increased from CNY 3.28 billion to CNY 3.32 billion, an increase of about 1.1%[32] - The company's equity attributable to shareholders decreased from CNY 1.35 billion to CNY 1.05 billion, a decline of approximately 22%[32] - Total assets as of September 30, 2015, amounted to ¥4,338,305,329.39, an increase from ¥4,125,741,383.13 at the beginning of the year[35] - Current assets totaled ¥1,552,521,817.79, up from ¥1,195,578,482.91 at the beginning of the year, indicating a growth of 29.9%[34] - Total liabilities increased to ¥3,167,688,972.53 from ¥2,794,337,915.21, representing a rise of 13.4%[35] Cash Flow - Cash flow from operating activities decreased by 92.79% to CNY 16,116,371.90[8] - Cash received from operating activities increased by 6,045.62 million RMB, up 56.82%, primarily due to an increase in bid deposits and receivables[20] - Cash received from financing activities decreased by 19,966.81 million RMB, down 99.83%, as the company did not engage in certain financing activities this period[22] - Cash flow from operating activities for the first nine months was CNY 198,882,991.91, an increase from CNY 131,500,623.56 in the previous year[49] - Total cash inflow from operating activities was CNY 2,634,019,406.22, down from CNY 3,332,731,880.42 year-on-year[49] - Cash outflow from operating activities totaled CNY 2,435,136,414.31, compared to CNY 3,201,231,256.86 in the same period last year[49] - The net increase in cash and cash equivalents was CNY 110,306,191.13, compared to CNY 13,354,994.42 in the same period last year[49] - The ending balance of cash and cash equivalents was CNY 245,670,544.15, up from CNY 220,861,872.85 year-on-year[49] Shareholder Information - The total number of shareholders at the end of the reporting period was 39,544[12] - The largest shareholder, Fujian Provincial Building Materials (Holding) Co., Ltd., holds 28.78% of the shares[12] Expenses and Income - Financial expenses increased by 3,704.19 million RMB, up 49.05%, due to increased borrowings and the cessation of interest capitalization for new projects[19] - The financial expenses for the first nine months of 2015 were 41,092,593.11 CNY, significantly reduced from 67,051,324.41 CNY in the previous year[40] - The sales expenses for Q3 2015 were 4,476,752.05 CNY, down from 7,364,183.02 CNY in Q3 2014, reflecting a cost-cutting strategy[40] - The company reported an investment income of 28,878,300.00 CNY for the first nine months of 2015, compared to 20,922,336.15 CNY in the same period last year[40] Other Financial Metrics - The weighted average return on net assets decreased by 15.84 percentage points to -17.220%[9] - The company's undistributed profits decreased by 21,863.62 million RMB, down 145.53%, due to operating losses during the reporting period[18] - The company's impairment losses increased by 510.09 million RMB, up 93.94%, primarily due to inventory write-downs at a subsidiary[19] - Cash paid for the acquisition of fixed assets decreased by 11,351.86 million RMB, down 50.14%, as the previous year saw peak construction spending[21] - Other receivables increased by 1,313.53 million RMB, up 35.79%, mainly due to the payment of ecological guarantee deposits[17] - The company's construction in progress decreased by 9,420.94 million RMB, down 32.86%, as a subsidiary's project was completed and transferred to fixed assets[17]