FANGDA S.Steel(SH:600507)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months was ¥11,093,943,241.10, a decrease of 13.21% year-on-year[17]. - Net profit attributable to shareholders for the first nine months was ¥1,277,264,313.32, down 44.82% from the previous year[17]. - Basic earnings per share for the reporting period was ¥0.88, a decrease of 46.99% year-on-year[17]. - The weighted average return on equity decreased by 26.49 percentage points to 22.19%[17]. - Total operating revenue for Q3 2019 was approximately ¥2.84 billion, a decrease of 37.5% compared to ¥4.54 billion in Q3 2018[51]. - Net profit for Q3 2019 reached ¥229 million, a significant decline of 77.3% from ¥1.01 billion in Q3 2018[54]. - The total profit for the first three quarters of 2019 was approximately ¥965.92 million, down from ¥2.65 billion in the same period of 2018, a decline of 63.7%[60]. - The company reported a total profit of approximately ¥282 million for Q3 2019, down from ¥1.33 billion in Q3 2018[54]. Cash Flow - Net cash flow from operating activities for the first nine months was ¥1,019,540,250.67, a decline of 64.87% compared to the same period last year[17]. - Total cash inflow from operating activities was CNY 9,134,147,798.09, down from CNY 10,800,789,306.11 in the previous year, reflecting a decline of 15.4%[67]. - Cash outflow from operating activities increased to CNY 8,114,607,547.42, compared to CNY 7,898,767,618.49 in 2018, marking an increase of 2.7%[67]. - The net cash flow from investment activities was CNY -92,283,410.48, compared to CNY 428,395,670.38 in the same period of 2018, indicating a decline[69]. - Cash inflow from financing activities totaled CNY 2,290,459,559.28, down from CNY 3,295,756,144.38 in the previous year, a decrease of 30.5%[69]. - The ending cash and cash equivalents balance was CNY 3,646,906,556.26, an increase from CNY 3,469,201,629.13 in the previous year[69]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥13,888,714,577.09, an increase of 44.41% compared to the end of the previous year[17]. - Current assets increased to ¥9,039,277,465.65 from ¥5,027,022,247.78, representing an increase of approximately 79.9% year-over-year[35]. - Total liabilities increased to ¥7,424,849,945.09 from ¥2,881,478,037.08, a rise of about 158.3%[41]. - The company’s accounts payable increased by 169.65% to CNY 1,121,869,566.33 from CNY 416,039,973.42 as of December 31, 2018[28]. - The company reported a total of $428.73 million in taxes payable and $2.11 billion in other payables[87]. Shareholder Information - The total number of shareholders at the end of the reporting period was 80,920[22]. - The largest shareholder, Fangda Steel, held 285,700,000 shares, accounting for 19.73% of the total shares[22]. - Shareholders' equity decreased to ¥6,463,864,632.00 from ¥6,736,283,532.26, a decline of approximately 4.0%[41]. Company Developments - The company established a new food company with a registered capital of CNY 11 million in Gansu Province, focusing on the manufacturing and sales of tofu[31]. - The company also set up a textile company with a registered capital of CNY 50 million, specializing in the manufacturing and sales of polyester sewing thread[31]. - The company was included in the "blacklist" for safety production dishonesty by the Ministry of Emergency Management in September 2019 due to a gas pipeline explosion[31]. - The company extended the validity period for its public offering of convertible bonds by 12 months, now valid until September 18, 2020[31]. Research and Development - Research and development expenses for Q3 2019 were approximately ¥6.79 million, a decrease of 28.2% compared to ¥9.44 million in Q3 2018[51]. - Research and development expenses for the first three quarters of 2019 were approximately ¥15.92 million, down 30.5% from ¥23.08 million in the same period of 2018[60].