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福建水泥(600802) - 2016 Q3 - 季度财报
FJCFJC(SH:600802)2016-10-24 16:00

Financial Performance - Operating revenue for the first nine months was CNY 805,174,069.29, a decrease of 27.92% year-on-year[9] - Net profit attributable to shareholders was a loss of CNY 73,371,971.07, improving from a loss of CNY 203,743,124.73 in the same period last year[9] - Basic earnings per share for the period was -CNY 0.19, compared to -CNY 0.53 in the same period last year[9] - The weighted average return on net assets improved by 8.15 percentage points to -9.07% compared to -17.22% in the same period last year[9] - Total profit increased by 115,485,555.84, mainly due to the gain from the sale of Industrial Bank shares[21] - The company reported a net loss of CNY 328,455,986.52 in retained earnings, compared to a loss of CNY 255,084,015.45 at the beginning of the year[36] - The company reported a net profit of 85,137,274.82 RMB for the first nine months of 2016, compared to a loss of 25,000,115.72 RMB in the same period last year[42] Assets and Liabilities - Total assets decreased by 7.80% to CNY 4,652,711,387.13 compared to the end of the previous year[8] - Net assets attributable to shareholders decreased by 21.60% to CNY 750,810,775.49 compared to the end of the previous year[8] - Total assets as of September 30, 2016, amounted to CNY 4,377,910,978.52, a slight decrease from CNY 4,457,023,891.61 at the beginning of the year[36] - Total liabilities decreased to CNY 3,190,168,261.57 from CNY 3,211,085,016.77 at the start of the year, reflecting a reduction of approximately 0.6%[37] - The company's total equity as of September 30, 2016, was CNY 1,187,742,716.95, down from CNY 1,245,938,874.84 at the beginning of the year, indicating a decline of about 4.7%[37] Cash Flow - Cash flow from operating activities increased by 20.20% to CNY 19,371,669.70 compared to the same period last year[8] - Cash inflow from operating activities totaled CNY 898,541,228.53, a decrease of 44% compared to CNY 1,606,978,192.55 in the previous year[46] - Cash outflow from operating activities was CNY 879,169,558.83, compared to CNY 1,590,861,820.65 in the same period last year[46] - Net cash flow from investing activities was CNY 117,454,502.96, a significant improvement from a negative CNY 87,656,625.22 in the previous year[47] - Cash inflow from financing activities was CNY 1,111,500,000.00, slightly down from CNY 1,147,680,366.39 in the same period last year[47] - Net cash flow from financing activities was negative CNY 147,857,098.70, compared to negative CNY 74,369,463.13 in the previous year[47] Shareholder Information - The total number of shareholders at the end of the reporting period was 24,501[12] - The largest shareholder, Fujian Provincial Building Materials (Holding) Co., Ltd., holds 28.78% of the shares[13] - The company has commitments from major shareholders to not reduce their holdings during specified periods, ensuring stability in share ownership[25] Legal Matters - The company reported a pending lawsuit with a claim of 17.31 million yuan for construction contract disputes, with an additional interest claim of 4.35 million yuan[24] - The company has recognized a provision of 11 million yuan for the pending litigation in the 2015 fiscal year[24] Inventory and Receivables - Accounts receivable increased by 3,397,426.08, up 52.59%, due to increased business volume using notes[18] - Prepayments increased by 10,555,643.78, up 134.87%, mainly due to prepayments for electricity and materials[18] - Accounts receivable decreased from approximately 2.57 million yuan to 1.43 million yuan, a reduction of about 44%[31] - Inventory decreased from approximately 167.93 million yuan to 140.29 million yuan, a decline of about 16.5%[31] Investment Income - Investment income increased by 110,078,033.41, up 381.18%, primarily from the sale of 8.59 million shares of Industrial Bank[20] - The company reported non-operating income of CNY 109,621,771.62 for the first nine months, primarily from government subsidies and asset disposals[10] Operating Costs - Sales expenses decreased by 20,447,974.93, down 45.53%, due to a decline in product sales[20] - Cash paid for purchasing goods and services decreased by 549,405,880.87, down 47.68%, due to controlled production output[22] - Cash paid for dividends and interest decreased by 38,402,737.75, down 33.53%, due to lower financing rates[23] Quarterly Performance - Total operating revenue for Q3 2016 was CNY 299,032,878.81, a decrease of 11.3% compared to CNY 337,008,320.49 in Q3 2015[39] - Total comprehensive income for Q3 2016 was CNY 26,962,242.26, compared to a loss of CNY 170,704,635.72 in the same period last year[43] - Basic and diluted earnings per share for Q3 2016 were CNY 0.223, an improvement from a loss of CNY 0.065 in Q3 2015[43]