2015-10-29 16:00Financial Performance - Revenue for the first nine months decreased by 39.10% to CNY 3.17 billion compared to the same period last year[4] - Net profit attributable to shareholders decreased by 56.25% to CNY 640.92 million for the first nine months[4] - Basic earnings per share decreased by 57.35% to CNY 0.1231[5] - The company reported a significant decrease in investment income, down 77.25% to ¥103,691,583.90 from ¥455,850,771.39[13] - The total profit for the first nine months of 2015 was CNY 778.74 million, down from CNY 1.65 billion in the same period last year[49] - The company reported a net profit of CNY 676.58 million for the first nine months of 2015, a decrease of 4.9% compared to CNY 1.41 billion in the same period last year[49] - Total revenue for Q3 2015 was CNY 905,406,522.35, a decrease of 40% compared to CNY 1,506,268,735.85 in Q3 2014[44] - The company reported a net profit of CNY 1,846,121.66 for Q3 2015, a significant decrease compared to CNY 81,143,155.40 in Q3 2014[44] - The total profit for Q3 2015 was CNY 224.56 million, a decline of 44.4% compared to CNY 403.99 million in Q3 2014[49] Assets and Liabilities - Total assets increased by 7.53% to CNY 30.17 billion compared to the end of the previous year[4] - As of September 30, 2015, total assets amounted to approximately ¥30.17 billion, an increase from ¥28.05 billion at the beginning of the year, reflecting a growth of about 7.5%[35] - The company’s total liabilities increased to approximately ¥6.20 billion from ¥2.99 billion, reflecting a growth of about 106.5%[36] - Current liabilities increased to CNY 5,113,999,167.88 from CNY 3,104,123,068.06, reflecting a significant rise in short-term borrowings[40] - Long-term borrowings decreased to CNY 3,907,507,123.44 from CNY 4,160,920,000.00, indicating a reduction in long-term debt[37] Cash Flow - The company reported a net cash flow from operating activities of CNY 1.68 billion, a decrease of 7.34% compared to the previous year[4] - The net cash flow from operating activities for the first nine months of 2015 was RMB 1,675,549,841.47, a decrease of RMB 132,711,771.94 compared to RMB 1,808,261,613.41 in the same period of 2014[14] - The net cash flow from investing activities decreased significantly to -RMB 3,351,963,686.29, down by RMB 4,533,084,322.57 from RMB 1,181,120,636.28 in the previous year[14] - The net cash flow from financing activities increased to RMB 1,072,653,063.32, an improvement of RMB 2,290,186,024.36 compared to -RMB 1,217,532,961.04 in the same period last year[14] - Cash inflows from operating activities amounted to CNY 4,458,245,797.96, a decrease of approximately 11.4% from CNY 5,035,478,707.16 in the same period last year[52] - The net cash flow from financing activities was CNY 2,125,024,691.27, compared to a net outflow of CNY -669,481,681.43 in the same period last year[57] Shareholder Information - The total number of shareholders reached 168,790 at the end of the reporting period[8] - The largest shareholder, Luoyang Mining Group, holds 31.56% of the shares[8] - The second largest shareholder, Hongshang Industrial Holdings Group, holds 29.79% of the shares[8] - The management committed to not selling their shares for six months following the proposed stock increase plan, ensuring stability in shareholding[29] Operational Commitments - The company has committed to not engage in any competitive business activities that may conflict with its operations, ensuring compliance with its competitive commitments[21] - Luoyang Molybdenum Company has committed to avoiding any business activities that may compete with its operations, ensuring no direct or indirect competition with its subsidiaries[23] - The company has pledged to disclose any related transactions in a timely manner, following legal and regulatory requirements[25] - The company guarantees the independence of its assets, personnel, finance, and operations, ensuring no competition with Hongshang Group and its affiliates[26] Dividend Policy - The company adopts an active cash or stock dividend distribution policy, prioritizing cash dividends when conditions are met[28] - The cash dividend ratio should not be less than 30% of the distributable profit for the year, with higher ratios for mature stages and significant capital expenditures[28] - The company plans to conduct mid-term cash dividends when conditions allow, ensuring sustainable development alongside daily operations[28]