DTCIC(SH:601001)2015-10-29 16:00Financial Performance - Operating revenue decreased by 15.73% to CNY 5.69 billion for the year-to-date period[7] - Net profit attributable to shareholders decreased by 301.84% to CNY -1.14 billion for the year-to-date period[7] - Basic earnings per share were CNY -0.68, a decrease of 300% compared to the previous year[8] - The company reported a net loss of CNY 7.04 million from non-recurring items for the year-to-date period[10] - The company experienced a significant decrease in operating income, with sales of goods and services dropping by 42.63% from 8.065 billion RMB to 4.627 billion RMB[16] - The company expects a significant decline in cumulative net profit compared to the same period last year, primarily due to the previous year's profit from the sale of mining assets and the impact of the coal market in 2015[20] - Total revenue for Q3 2015 was CNY 1,758,427,344.32, a decrease of 20.1% compared to CNY 2,202,348,280.60 in Q3 2014[31] - Year-to-date revenue (January to September 2015) reached CNY 5,690,403,208.94, down 15.7% from CNY 6,752,950,539.87 in the same period last year[31] - Net loss for Q3 2015 was CNY 388,003,417.63, compared to a net loss of CNY 148,387,484.07 in Q3 2014[33] - Year-to-date net loss reached CNY 937,697,512.83, a significant decline from a profit of CNY 914,250,000.75 in the same period last year[33] - The company reported a total comprehensive income of -¥460,359,580.41 for Q3 2015, compared to -¥352,064,861.56 in Q3 2014[39] - The total operating profit for the first nine months of 2015 was -¥1,325,015,361.13, compared to -¥1,033,896,587.98 in the same period of 2014[37] - The company reported a total loss of ¥1,325,054,530.57 for the first nine months of 2015, compared to a profit of ¥222,744,817.87 in the same period of 2014[38] Assets and Liabilities - Total assets increased by 12.39% to CNY 27.71 billion compared to the end of the previous year[7] - As of September 30, 2015, the company's total assets amounted to approximately CNY 27.71 billion, an increase from CNY 24.66 billion at the beginning of the year[26] - The company's total liabilities increased to CNY 16.43 billion from CNY 12.40 billion, reflecting a rise of approximately 32.5%[26] - Total assets increased to CNY 16,156,118,905.98, up from CNY 13,286,388,025.90 year-over-year, representing a growth of 21.2%[30] - Total liabilities rose to CNY 12,401,282,526.10, compared to CNY 8,194,145,064.34 in the previous year, marking a 51.5% increase[30] - Current assets totaled CNY 9,175,897,212.11, an increase from CNY 6,874,508,998.03 year-over-year[30] - Non-current assets amounted to CNY 6,980,221,693.87, up from CNY 6,411,879,027.87, reflecting a growth of 8.8%[30] - The company reported a total equity of CNY 3,754,836,379.88, down from CNY 5,092,242,961.56, indicating a decrease of 26.2%[30] Cash Flow - The net cash flow from operating activities was CNY -1.44 billion, a decrease of 133.44% compared to the same period last year[7] - Operating cash inflow for the first nine months of 2015 was CNY 5,026,795,959.19, a decrease of 38.5% compared to CNY 8,236,923,380.05 in the same period last year[42] - Net cash outflow from operating activities was CNY -1,441,735,920.32, worsening from CNY -617,614,746.73 year-over-year[42] - Cash inflow from investment activities totaled CNY 786,880,571.83, while cash outflow was CNY 1,542,376,888.01, resulting in a net cash outflow of CNY -1,542,376,888.01[42] - Cash inflow from financing activities was CNY 5,555,150,000.00, an increase of 9.1% from CNY 5,094,812,933.20 in the previous year[43] - Net cash flow from financing activities was CNY 3,992,916,141.94, up from CNY 3,432,530,323.13 year-over-year[43] - The total cash and cash equivalents at the end of the period reached CNY 6,270,078,701.93, compared to CNY 4,893,792,117.24 at the same time last year, marking a 28.1% increase[43] - The parent company's net cash flow from operating activities was CNY -1,650,646,463.05, compared to CNY -1,284,895,874.62 in the previous year[45] - Cash inflow from financing activities for the parent company was CNY 4,775,150,000.00, an increase from CNY 2,007,550,000.00 year-over-year[46] - The parent company's cash and cash equivalents at the end of the period were CNY 4,849,135,925.32, up from CNY 2,846,185,901.90 in the previous year, reflecting a 70.4% increase[46] Shareholder Information - The total number of shareholders was 112,074 at the end of the reporting period[12] - The largest shareholder, Datong Coal Mine Group, held 57.46% of the shares[12] - The company has committed to not reducing its shareholding in the company for six months, which is being strictly adhered to[19] - The company has made a commitment to avoid substantial competition with its parent company, ensuring that it retains priority rights for asset injections[18] Operational Metrics - The company's coal production reached 27.1 million tons, while coal sales volume was 17.96 million tons, generating sales revenue of 5.461 billion RMB with a cost of sales amounting to 3.610 billion RMB, resulting in a gross profit of 1.851 billion RMB[16] - Accounts receivable increased by 60.46% from 1.354 billion RMB to 2.173 billion RMB due to an increase in coal receivables[15] - Prepayments surged by 362.85% from 174.7 million RMB to 808.7 million RMB, attributed to engineering payments made by the subsidiary Tashan Mine[15] - Other receivables rose by 250.95% from 168.4 million RMB to 591.2 million RMB, reflecting increased daily operational transactions with group companies[15] - Long-term borrowings increased by 42.04% from 3.191 billion RMB to 4.533 billion RMB, indicating a rise in long-term loans for the parent and subsidiary mining companies[16] - The company reported a 390.51% increase in notes payable, rising from 45.3 million RMB to 222.1 million RMB, due to increased note settlements during the period[15] - The financial expenses increased by 68.28% from 127 million RMB to 213.8 million RMB, primarily due to higher loan interest expenses[16] - The company’s other payables increased by 54.55% from 563.9 million RMB to 871.5 million RMB, reflecting an increase in payable operational expenses[15] - The company’s cash received from other operating activities rose by 132.61% from 171.9 million RMB to 399.9 million RMB, due to cash guarantees received from the subsidiary mining company[16] - The company's inventory decreased to CNY 509.61 million from CNY 668.67 million, a decline of approximately 23.8%[24] - The company's equity attributable to shareholders decreased to CNY 6.12 billion from CNY 7.28 billion, a decline of approximately 15.9%[26] - The company’s operating costs for Q3 2015 were CNY 2,141,882,822.96, a decrease of 7.2% from CNY 2,306,824,309.73 in Q3 2014[32] - Total operating revenue for Q3 2015 was ¥557,004,656.77, a decrease of 1.85% compared to ¥568,059,403.74 in Q3 2014[37] - Operating costs for Q3 2015 were ¥619,878,470.84, up from ¥577,147,078.44 in the same period last year, reflecting a 7.1% increase[37] - Sales expenses for the first nine months of 2015 were ¥660,334,001.37, an increase from ¥640,243,591.50 in the previous year[37] - Management expenses for the first nine months of 2015 were ¥272,369,040.03, down from ¥322,136,575.31 in the same period last year, showing a reduction of approximately 15.5%[37] - Financial expenses for the first nine months of 2015 were ¥197,138,152.07, significantly higher than ¥88,567,870.17 in the previous year, indicating an increase of over 122%[37]