MINLIST(SH:600058)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months was ¥44,194,070,972.72, reflecting an increase of 11.43% year-on-year[18]. - Net profit attributable to shareholders was ¥140,911,792.88, a significant recovery from a loss of ¥395,683,593.86 in the previous year[18]. - Net profit for the first three quarters of 2019 was ¥44,199,262,981.39, compared to ¥39,667,205,179.31 in the same period of 2018, indicating an increase of 11.4%[61]. - The company reported a significant improvement in performance, expecting cumulative net profit to show improvement compared to the same period last year[41]. - The company reported a net loss of CNY 2,070,065,010.25 for the period, an improvement compared to a loss of CNY 2,142,653,369.69 in the previous year[52]. Cash Flow - Net cash flow from operating activities for the first nine months was ¥2,645,420,550.29, a substantial improvement from a negative cash flow of ¥2,082,614,069.71 in the same period last year[18]. - Cash inflows from operating activities totaled ¥1,886,521,097.64, compared to ¥686,194,561.82 in the previous year, indicating an increase of about 174%[78]. - The net cash flow from operating activities for the first three quarters of 2019 was ¥303,625,175.65, a significant increase compared to ¥11,562,219.67 in the same period of 2018, reflecting a growth of approximately 2,520%[78]. - Cash flow from operating activities generated a net inflow of 2,645,420,550.29 CNY, a significant recovery from a net outflow of -2,082,614,069.71 CNY in the same period last year[76]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥24,907,006,470.14, an increase of 19.33% compared to the previous year[18]. - The company's current assets reached CNY 21,577,913,231.48, up from CNY 17,389,181,982.20 in December 2018, indicating a growth of about 24.3%[46][52]. - Total liabilities amounted to CNY 18,131,987,895.08, up from CNY 14,158,670,976.86, which is an increase of around 28.0%[52]. - The total liabilities increased to ¥2,351,736,763.41 in Q3 2019 from ¥310,711,394.56 in Q3 2018, showing a significant rise[59]. - Current liabilities reached ¥13,703,897,483.27, including short-term borrowings of ¥5,235,866,767.34 and accounts payable of ¥3,634,089,371.65[88]. Shareholder Information - The total number of shareholders at the end of the reporting period was 65,751[22]. - The largest shareholder, China Minmetals Corporation, held 62.56% of the shares[22]. - Basic and diluted earnings per share were both ¥0.0619, recovering from a loss of ¥0.3691 per share in the previous year[18]. Inventory and Receivables - Accounts receivable decreased by 54.34% to RMB 95,840.26 million as a result of stricter collection management[25]. - Inventory rose by 91.8% to RMB 646,658.74 million to meet market demand for metallurgical raw materials and steel[25]. - Accounts receivable rose to CNY 6,464,662,351.26, compared to CNY 5,598,729,998.36 in December 2018, marking an increase of about 15.4%[46][52]. Investment and Financing Activities - Investment activities generated a net cash outflow of RMB 5,829.21 million due to the disposal of a subsidiary's equity[28]. - Financing activities resulted in a net cash outflow of RMB 184,211.28 million as the company repaid part of its short-term borrowings[28]. - The company announced a capital increase of 66.34 million RMB for its subsidiary, Wukuang Trade Co., maintaining an 80% ownership stake[31]. Government Support - The company received government subsidies totaling ¥16,859,908.56 during the reporting period[21]. Comprehensive Income - The total comprehensive income for the period was CNY 50,171,158.34, recovering from a loss of CNY -260,332,186.25 in Q3 2018[67]. - The company reported a decrease in other comprehensive income, with a net amount of -1,360,000.00 CNY compared to a gain of 240,000.00 CNY in the previous period[71].