CISC(SH:601005)2014-10-28 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY -2,018,531, representing a decrease of 18.53% year-on-year[8]. - Operating revenue for the period was CNY 9,356,203, down 33.22% compared to the same period last year[8]. - The company reported a net loss of CNY 1,582,266 for the year-to-date, a decrease of 6.87% compared to the previous year[8]. - The weighted average return on net assets was -17.34%, an increase of 33.76 percentage points year-on-year[9]. - Total operating revenue for Q3 2014 was CNY 3,331,347, a decrease of 29.4% compared to CNY 4,716,710 in the same period last year[30]. - Net profit for Q3 2014 was a loss of CNY 637,029, compared to a loss of CNY 582,978 in Q3 2013, representing a 9.2% increase in loss[32]. - The total comprehensive income for Q3 2014 was a loss of CNY 637,029, compared to a loss of CNY 582,978 in Q3 2013[32]. Cash Flow - Net cash flow from operating activities increased by 46.38% to CNY 2,397,149 year-to-date[8]. - Cash flow from operating activities for the first nine months of 2014 was CNY 11,227,040, down 33.8% from CNY 16,864,044 in the same period last year[37]. - Operating cash inflow for Q3 2014 was CNY 11,735,066 thousand, a decrease from CNY 16,872,128 thousand in the previous year[38]. - Total cash outflow for operating activities in the first nine months was CNY 9,246,250 thousand, compared to CNY 15,241,298 thousand in the previous year[41]. - Net cash flow from investment activities for the first nine months was CNY -2,330,018 thousand, worsening from CNY -1,527,974 thousand year-over-year[42]. Shareholder Information - The total number of shareholders at the end of the reporting period was 82,356[11]. - The largest shareholder, Chongqing Iron and Steel (Group) Co., Ltd., held 63.05% of the shares[11]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 48,151,818, an increase of 0.22% compared to the end of the previous year[8]. - Total liabilities as of the end of Q3 2014 were CNY 39,682,679, an increase of 4.9% from CNY 37,816,683 at the end of Q3 2013[31]. - Total equity decreased to CNY 8,349,521 from CNY 9,840,970 year-over-year, a decline of 15.1%[31]. - The company's cash and cash equivalents decreased from 1,553,350 thousand RMB at the beginning of the year to 1,172,659 thousand RMB[20]. - Inventory levels increased slightly from 8,792,179 thousand RMB at the beginning of the year to 8,854,467 thousand RMB[21]. - Short-term borrowings decreased from 4,705,734 thousand RMB at the beginning of the year to 3,146,690 thousand RMB[22]. Operational Performance - The company's operating revenue decreased by 4,655,205 thousand RMB compared to the same period last year, primarily due to a 31% decline in sales volume, resulting in a revenue loss of 4,165,291 thousand RMB[14]. - The average selling price of steel dropped by approximately 180 RMB per ton, contributing to a revenue decrease of 489,914 thousand RMB[14]. - The company reported a total operating profit loss of CNY 639,960 for Q3 2014, compared to a loss of CNY 582,310 in Q3 2013[31]. - The company is actively implementing cost reduction and resource optimization measures, including the disposal of certain assets, which may lead to a significant reduction in losses compared to the previous year if market conditions do not worsen[16]. Government Support - The company received government subsidies amounting to CNY 3,001 during the reporting period, contributing to its financial performance[10].