WTECL(SH:600157)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 198.33 million, representing a 51.39% increase compared to the same period last year[4]. - Operating revenue for the first nine months was CNY 15.74 billion, up 2.97% year-on-year[4]. - Basic earnings per share rose to CNY 0.0160, reflecting a 52.38% increase year-on-year[4]. - The company reported a net loss for the first three quarters of 2020 was CNY 1,062,383,760.97, compared to a loss of CNY 566,666,878.88 in the same period of 2019[24]. - The total profit for Q3 2020 was approximately ¥245.72 million, compared to ¥231.80 million in Q3 2019, reflecting an increase of about 6.2% year-over-year[26]. - The net profit for Q3 2020 was approximately ¥153.19 million, a significant increase from ¥75.46 million in Q3 2019, representing a growth of about 102.5% year-over-year[26]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 107.09 billion, a 0.56% increase from the end of the previous year[4]. - Non-current liabilities totaled CNY 32.74 billion, an increase from CNY 31.78 billion compared to the previous year[22]. - Current liabilities decreased slightly to CNY 45.48 billion from CNY 46.02 billion year-over-year[22]. - Total liabilities amounted to CNY 77,809,510,655.27, with non-current liabilities at CNY 31,784,770,702.06[35]. - Total equity attributable to shareholders reached CNY 23,790,206,779.03, while total equity was CNY 28,675,647,193.52[35]. Cash Flow - The net cash flow from operating activities for the first nine months was CNY 3.65 billion, a decrease of 2.61% compared to the previous year[4]. - The company's net cash flow from operating activities decreased by 2.61% to ¥3,647,171,925.58 compared to the previous period, primarily due to a decline in cash received related to operating activities[11]. - The net cash flow from financing activities showed a significant improvement, with a net outflow of CNY 1,890,206,052.07 in 2020 compared to CNY 4,092,936,406.06 in 2019, indicating a reduction in cash outflow by approximately 53.8%[31]. - The company's cash and cash equivalents at the end of the third quarter of 2020 stood at CNY 1,059,917,776.70, an increase from CNY 630,913,999.67 at the end of the same period in 2019[31]. Revenue and Costs - Total operating revenue for Q3 2020 was CNY 5,652,055,488.97, a slight increase from CNY 5,599,187,334.33 in Q3 2019, representing a growth of 0.94%[25]. - Total operating costs for Q3 2020 were CNY 5,407,151,833.85, compared to CNY 5,369,707,714.17 in Q3 2019, indicating an increase of 0.70%[25]. - The operating cost for the first nine months of 2020 was approximately ¥467.22 million, compared to ¥356.59 million in the same period of 2019, which is an increase of about 31.1%[27]. Shareholder Information - The company reported a total of 311,923 shareholders at the end of the reporting period[6]. - The top shareholder, Yongtai Group Co., Ltd., holds 32.41% of the shares, with a total of 4,027,292,382 shares[6]. Other Financial Metrics - The weighted average return on equity increased by 0.29 percentage points to 0.84%[4]. - The company's tax expenses decreased by 36.35% to ¥258,448,890.85 compared to the previous year[10]. - Other income increased by 179.53% to ¥9,953,284.61, mainly due to an increase in tax refunds and government subsidies[10]. - Investment income decreased by 39.92% to ¥70,655,447.16, primarily due to a decline in debt restructuring income[10]. Operational Highlights - The company achieved a power generation of 25.375 billion kWh in the first three quarters of 2020, an increase of 3.50% year-on-year[14]. - The company reported a coal production of 7.2088 million tons, up 14.09% compared to the same period last year[14]. - The company successfully rented out 1 million cubic meters of its 1.15 million cubic meters of oil storage tanks, benefiting from the drop in international crude oil prices[14]. - The company reduced management expenses by 6.65% year-on-year in the first three quarters of 2020[14].