SCMF(SZ:000731)2016-10-24 16:00Financial Performance - Operating revenue for the period was CNY 429,671,768.96, down 64.99% year-on-year[8] - Net profit attributable to shareholders was a loss of CNY 59,297,134.34, a decrease of 753.45% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 59,789,691.73, down 795.17% year-on-year[8] - Basic earnings per share were CNY -0.1003, a decrease of 755.56% compared to the same period last year[8] - The company expects a cumulative net profit loss of CNY 200 million to CNY 140 million, compared to a profit of CNY 55.443 million in the same period last year[19] - The expected loss is mainly due to weak demand in the fertilizer market, declining product prices, and increased costs from the cancellation of electricity discounts for fertilizer production[19] Asset and Liability Changes - Total assets decreased by 10.25% to CNY 4,561,667,480.57 compared to the end of the previous year[8] - Accounts receivable decreased by 68.92% to CNY 15,070.79 million compared to the beginning of the year[15] - Prepayments decreased by 61.56% to CNY 14,128.14 million compared to the beginning of the year[15] - Current liabilities decreased by CNY 1.0688 million, a decline of 33.43%, mainly due to the recognition of deferred income in the current period[16] - Long-term borrowings increased by CNY 184.75 million, an increase of 51.78%, primarily due to the renewal of long-term loans[16] Operating Activities - Cash flow from operating activities decreased by 15.85% to CNY 51,058,513.69 year-to-date[8] - Operating revenue decreased by CNY 1.2774246 billion, a decline of 40.96%, attributed to lower sales prices and volumes of main products, as well as a decrease in trade business[16] - Operating costs decreased by CNY 1.1016472 billion, a decline of 40.14%, mainly due to the decrease in sales volume of main products[16] - Operating profit decreased by CNY 178.2438 million, a decline of 271.56%, mainly due to lower sales prices of main products[17] Investment and Financing Activities - Investment income decreased by CNY 9.1717 million, a decline of 814.99%, primarily due to a significant drop in profits from joint ventures and associates[17] - Net cash flow from investing activities decreased by CNY 52.5116 million, a decline of 30.48%, mainly due to increased investment in LNG projects[17] - Net cash flow from financing activities decreased by CNY 175.1382 million, a decline of 137.81%, primarily due to an increase in loan repayments[17] Changes in Receivables and Construction - Long-term receivables increased by 43.55% to CNY 5 million compared to the previous year[15] - Construction in progress increased by 64.79% to CNY 20,652.03 million compared to the previous year[15]