LIUSTEELCO(SH:601003)2014-10-29 16:00Financial Performance - Revenue for the first nine months decreased by 1.40% to CNY 27,228,353,371.60 compared to the same period last year[8]. - Net profit attributable to shareholders was CNY 199,452,314.56, a significant recovery from a loss of CNY 16,088,201.03 in the previous year[9]. - Basic and diluted earnings per share were both CNY 0.0796, showing improvement from the previous year's loss[9]. - The net profit for the quarter was CNY 4.07 million, a decrease of CNY 7.73 million year-on-year, mainly due to increased operating taxes and financial expenses[15]. - Net profit for the first nine months was ¥204,056,828.81, compared to a net loss of ¥2,572,422.68 in the previous year, indicating a significant turnaround[22]. - The company’s total profit for the first nine months was ¥240,066,857.42, compared to a loss of ¥2,572,422.68 in the same period last year, showing a strong recovery[22]. Cash Flow and Liquidity - Operating cash flow for the first nine months rose by 44.80% to CNY 4,054,583,718.12 year-on-year[8]. - The company's cash and cash equivalents at the end of the period amounted to CNY 4.40 billion, an increase of CNY 3.02 billion compared to the beginning of the year, primarily due to improved internal management and reduced inventory funding[15]. - Cash flow from operating activities generated a net amount of ¥4,054,583,718.12, an increase from ¥2,800,222,497.86 year-on-year, reflecting improved operational efficiency[25]. - Total cash and cash equivalents at the end of the period amounted to ¥3,820,991,450.11, up from ¥1,562,406,369.94 at the end of the previous year[26]. Assets and Liabilities - Total assets increased by 5.54% to CNY 25,066,818,372.91 compared to the end of the previous year[8]. - Total liabilities amounted to CNY 19.33 billion, up from CNY 18.14 billion at the beginning of the year[20]. - The company's total equity was CNY 5.73 billion, an increase from CNY 5.61 billion at the beginning of the year[20]. - Accounts receivable at the end of the period reached CNY 0.83 billion, an increase of CNY 0.67 billion compared to the beginning of the year, mainly due to an increase in receivables from slag sales[15]. - Inventory at the end of the period was CNY 5.61 billion, a decrease of CNY 1.87 billion compared to the beginning of the year, attributed to reduced raw material reserves and lower average prices[15]. Shareholder Information - The total number of shareholders reached 83,833 by the end of the reporting period[12]. - The largest shareholder, Guangxi Liuzhou Steel (Group) Company, holds 82.51% of the shares, with no shares pledged or frozen[13]. - There are no reported related party transactions or concerted actions among shareholders[14]. Government Support and Expenses - The company received government subsidies related to environmental protection projects amounting to CNY 4,132,136.49 for the first nine months[10]. - The company incurred financial expenses of ¥552,159,361.78 for the first nine months, an increase from ¥335,692,969.30 in the same period last year, indicating rising financing costs[22]. - Sales expenses for the first nine months were ¥16,509,756.56, up from ¥12,406,424.74 year-on-year, reflecting increased marketing efforts[22]. Investment Activities - The company’s investment activities resulted in a net cash outflow of ¥98,729,753.08, an improvement from a net outflow of ¥1,422,584,919.18 in the previous year[25]. - The construction in progress at the end of the period was CNY 0.60 billion, an increase of CNY 0.20 billion compared to the beginning of the year, mainly due to ongoing technical renovation projects[15].