COSL(SH:601808)2015-10-29 16:00Financial Performance - Operating revenue decreased by 27.5% to RMB 17,996.5 million for the first nine months compared to the same period last year[8] - Net profit attributable to shareholders decreased by 80.9% to RMB 1,249.1 million for the first nine months compared to the same period last year[8] - Cash flow from operating activities decreased by 44.5% to RMB 3,832.1 million for the first nine months compared to the same period last year[8] - Basic earnings per share decreased by 81.2% to RMB 0.26[9] - Operating profit for the first nine months was RMB 1,600.0 million, down 78.6% from RMB 7,479.6 million in the same period last year[23] - The group's total profit for the nine months ended September 30, 2015, was RMB 1,650.8 million, a decrease of RMB 5,887.0 million or 78.1% compared to the same period last year[25] - The group's net profit for the nine months ended September 30, 2015, was RMB 1,289.8 million, down RMB 5,279.6 million or 80.4% year-on-year[27] - Total operating revenue for Q3 2015 was ¥5,646,395,431, a decrease of 33.5% compared to ¥8,536,957,489 in Q3 2014[55] - Net profit attributable to shareholders of the parent company was ¥354,358,272, down 83.3% from ¥2,124,687,961 in the same period last year[56] - The company reported a gross profit margin of 6.5% for Q3 2015, down from 27.7% in Q3 2014[55] - Total comprehensive income for Q3 2015 was ¥753,879,294, compared to ¥2,132,245,382 in the previous year, indicating a decline of 64.7%[56] Assets and Liabilities - Total assets increased by 9.3% to RMB 94,948.4 million compared to the end of the previous year[8] - The total assets as of September 30, 2015, reached RMB 94,948.4 million, an increase of 9.3% from the beginning of the year[14] - Total liabilities as of September 30, 2015, were CNY 48.23 billion, compared to CNY 39.55 billion at the beginning of the year[50] - Total assets decreased to ¥73,517,442,712 from ¥75,134,107,460, reflecting a decline of 2.2%[52] - Total liabilities decreased to ¥28,727,974,436 from ¥30,087,986,382, a reduction of 4.5%[52] - The company’s equity attributable to shareholders was CNY 46.63 billion, slightly down from CNY 47.27 billion at the beginning of the year[50] Cash Flow and Investments - The net cash inflow from operating activities for the nine months ended September 30, 2015, was RMB 3,832.1 million, a decrease of RMB 3,073.0 million or 44.5% year-on-year[40] - The net cash outflow from investing activities for the nine months ended September 30, 2015, was RMB 2,260.5 million, a decrease of RMB 5,373.0 million or 70.4% compared to the previous year[41] - The net cash inflow from financing activities for the nine months ended September 30, 2015, was RMB 4,947.3 million, compared to a net cash outflow of RMB 182.6 million in the same period last year[41] - The company received CNY 18.86 billion in cash from sales of goods and services in the first nine months of 2015, down 17.5% from CNY 22.72 billion in the previous year[61] - The company reported a decrease in total assets impairment losses to CNY 7.75 million in the first nine months of 2015, down from CNY 172.07 million in the same period last year[58] - The company’s financial expenses decreased significantly to CNY 149.57 million in the first nine months of 2015, compared to CNY 175.15 million in the previous year[58] Shareholder Information - The total number of shareholders reached 83,437 at the end of the reporting period[12] - China National Offshore Oil Corporation holds 50.53% of the shares, totaling 2,410,849,300 shares[12] - The company’s controlling shareholder, China National Offshore Oil Corporation, committed to not reducing its stake during the share buyback period[46] Market Conditions and Outlook - The company expects a significant decline in net profit for the full year 2015 compared to 2014 due to seasonal factors and decreased market demand[46] - The three-dimensional data acquisition volume decreased by 39.7% year-on-year, reflecting a decline in market demand[19] - The operating days for drilling services decreased to 8,878 days, a decline of 13.8% year-on-year[15] - The available utilization rate for drilling platforms dropped to 77.4%, down 19.6 percentage points year-on-year[17] - The company has not disclosed any new product or technology developments in this report[6]