SMIC(SH:600810)2015-10-28 16:00Financial Performance - Operating revenue decreased by 22.93% to CNY 9,648,538,190.14 for the first nine months compared to the same period last year [9]. - Net profit attributable to shareholders dropped by 90.02% to CNY 8,529,276.63 year-on-year [9]. - Basic earnings per share fell by 89.47% to CNY 0.02 [9]. - The weighted average return on net assets decreased by 3.12 percentage points to 0.37% [9]. - The company reported a significant decline in net profit due to reduced operating revenue and increased costs [9]. - Net profit for the third quarter was a loss of CNY 5,184,099.73, primarily due to a decrease in profits [18]. - Total revenue for Q3 2015 was approximately ¥2.85 billion, a decrease of 33.7% compared to ¥4.29 billion in Q3 2014 [31]. - Year-to-date revenue for the first nine months of 2015 reached approximately ¥9.65 billion, down 22.3% from ¥12.52 billion in the same period last year [31]. - The net profit for Q3 2015 was approximately ¥7.33 million, a significant decline of 64.6% compared to ¥20.63 million in Q3 2014 [33]. - The company reported a net loss attributable to shareholders of approximately ¥178.99 million, compared to a loss of ¥182.58 million in the previous period [30]. Cash Flow - Net cash flow from operating activities decreased by 65.14% to CNY 344,334,068.43 for the year-to-date [8]. - Cash flow from operating activities for the first nine months of 2015 was CNY 344,334,068.43, a decrease of 65.14% compared to CNY 987,890,315.43 in the same period of 2014 [18]. - Cash flow from investing activities showed a net outflow of CNY 171,325,878.88, significantly higher than the outflow of CNY 59,232,172.56 in the previous year, attributed to increased cash payments for fixed asset acquisitions [18]. - Cash flow from financing activities was CNY 108,778,227.92, a recovery from a negative cash flow of CNY 721,818,187.19 in the same period last year [18]. - Cash inflow from operating activities totaled CNY 4,280,138,188.62, a decrease of 22.4% compared to CNY 5,513,179,645.02 in the previous year [42]. - Net cash flow from operating activities was CNY 344,334,068.43, down 65.1% from CNY 987,890,315.43 year-on-year [42]. - Cash outflow for investing activities was CNY 178,329,142.88, significantly higher than CNY 62,127,100.56 in the same period last year [42]. - Cash inflow from financing activities reached CNY 2,492,591,382.00, an increase of 15.7% compared to CNY 2,154,256,125.67 in the previous year [43]. - Net cash flow from financing activities was CNY 108,778,227.92, a recovery from -CNY 721,818,187.19 in the same period last year [43]. Assets and Liabilities - Total assets increased by 5.71% to CNY 8,366,628,016.15 compared to the end of the previous year [8]. - Current assets totaled CNY 3,614,580,822.00, up from CNY 3,361,698,701.98 at the start of the year [24]. - The company’s total liabilities as of September 30, 2015, were CNY 5,776,456,980.83, compared to CNY 5,331,171,436.77 at the beginning of the year [26]. - The accounts receivable increased by 35.40%, amounting to 936,677,116.53 RMB, primarily due to uncollected sales revenue [16]. - The prepayment items surged by 141.95%, totaling 243,856,612.81 RMB, mainly due to increased advance payments for materials [16]. - The construction in progress rose by 56.59%, reaching 758,613,936.04 RMB, attributed to increased investment in the Dongchang District relocation project [16]. - The company reported a significant increase in accounts payable by 282.95%, amounting to 1,085,000,496.12 RMB, due to rising material costs [17]. - The company reported a decrease in inventory from CNY 786,495,965.61 to CNY 688,195,552.04 [24]. Shareholder Information - The total number of shareholders reached 36,503 at the end of the reporting period [13]. - The largest shareholder, China Pingmei Shenma Energy Chemical Group, holds 49.28% of the shares [13]. - The total number of shares held by the top ten unrestricted shareholders includes 217,936,408 shares held by China Pingmei Shenma Energy Chemical Group [14]. Research and Development - Research and development expenses increased by 99.10%, amounting to 21,719,991.59 RMB, due to heightened R&D efforts [17]. - The company plans to focus on new product development and market expansion strategies to improve future performance [31].