BSGCO(SZ:000959)2017-10-25 16:00Financial Performance - Operating revenue for the period reached CNY 15.88 billion, a 43.18% increase compared to the same period last year[7] - Net profit attributable to shareholders surged by 575.83% to CNY 813.51 million[7] - Basic earnings per share increased by 574.56% to CNY 0.1538[7] - The net profit for the current period increased compared to the same period last year, primarily due to the recovery in the steel market and rising sales prices[15] - The company reported a significant increase in net profit excluding non-recurring gains and losses, which rose by 649.88% to CNY 811.08 million[7] - Total operating revenue for the current period reached ¥15,882,570,357.31, a significant increase from ¥11,092,664,100.22 in the previous period, representing a growth of approximately 43.0%[38] - Net profit for the current period was ¥1,168,589,796.63, compared to ¥176,790,460.90 in the previous period, marking an increase of around 561.5%[39] - The total profit for the period amounted to ¥1,359,934,645.31, up from ¥264,223,273.37 in the previous period, reflecting an increase of approximately 414.5%[48] Assets and Liabilities - Total assets increased by 3.85% to CNY 132.1 billion compared to the end of the previous year[7] - Current liabilities rose to CNY 56.17 billion, compared to CNY 52.80 billion in the previous period, indicating an increase of about 6.5%[32] - The company's short-term borrowings increased to CNY 21.89 billion, up from CNY 19.89 billion, reflecting a growth of approximately 10.1%[32] - Non-current liabilities totaled CNY 40.47 billion, slightly down from CNY 40.82 billion, showing a decrease of about 0.9%[32] - The total liabilities reached CNY 96.64 billion, compared to CNY 93.63 billion, marking an increase of around 3.2%[32] - The company's equity attributable to shareholders increased to CNY 25.56 billion, up from CNY 24.38 billion, representing a growth of approximately 4.9%[32] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 3.49 billion, up 18.79%[7] - The net cash flow from operating activities was ¥3,487,024,370.66, compared to ¥2,935,534,837.19 in the previous period, showing an increase of about 18.8%[50] - Cash inflow from financing activities totals CNY 5,679,892,562.76, down 11.1% from CNY 6,394,069,084.78 in the previous period[54] - The net cash flow from financing activities is CNY -987,377,055.00, compared to a positive CNY 2,641,663,347.70 in the previous period[54] - The ending balance of cash and cash equivalents is CNY 688,701,097.97, down from CNY 1,004,887,058.17 in the previous period[54] Inventory and Receivables - Accounts receivable rose to ¥7,032,093,659.17 from ¥3,088,010,863.83, indicating an increase of about 128.5%[30] - The increase in accounts receivable is mainly attributed to customers opting for bill settlement methods[15] - The company's inventory decreased slightly to CNY 2.25 billion from CNY 2.31 billion, showing a decline of about 2.5%[34] Expenses and Costs - Total operating costs amounted to ¥14,598,379,071.72, compared to ¥10,972,554,415.64 in the prior period, reflecting an increase of about 33.9%[38] - Sales expenses increased to ¥442,693,081.53 from ¥261,873,389.34, marking an increase of approximately 69.0%[48] - Financial expenses rose to ¥569,590,435.90 from ¥321,443,654.81, reflecting an increase of about 77.3%[48] Commitments and Future Plans - The company plans to inject Shougang Mining Company into Shougang Co., Ltd. within 36 months, contingent on stable profitability and market conditions[16] - The company is committed to maintaining independence and will not harm the interests of public shareholders during the asset restructuring process[16] - The company has undertaken to minimize and regulate related party transactions following the completion of significant asset swaps[16] - The company will continue to fulfill its original commitments regarding related party transactions post-restructuring[16]