Sichuan Express(SH:601107)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months was ¥3,298,781,739.52, a decrease of 29.50% year-on-year[18]. - Net profit attributable to shareholders was ¥264,211,462.50, down 76.35% from the previous year[18]. - Basic earnings per share decreased to ¥0.0864, a drop of 76.35% year-on-year[18]. - The net profit for the period was RMB 316,075,879.91, a decrease of 72.95% compared to the previous year, primarily impacted by a 29.50% decline in revenue due to the COVID-19 pandemic[30]. - The company reported a net profit excluding non-recurring gains and losses of ¥231,890,349.15, down 78.96% year-on-year[18]. - Total operating revenue for Q3 2020 was ¥1,526,200,098.05, a decrease of 4.45% compared to ¥1,597,806,525.61 in Q3 2019[68]. - Net profit for Q3 2020 reached ¥456,461,731.15, an increase of 53.01% compared to ¥298,639,384.25 in Q3 2019[72]. - The total comprehensive income for Q3 2020 was ¥457,952,827.66, an increase from ¥301,408,563.41 in Q3 2019[75]. - The company anticipates a significant decline in cumulative net profit compared to the previous year due to the impact of free toll policies during the COVID-19 pandemic[47]. Cash Flow - The net cash flow from operating activities for the first nine months was ¥1,274,578,937.31, a decline of 12.35% compared to the same period last year[18]. - The company's cash flow from operating activities for the first three quarters of 2020 was approximately ¥4.61 billion, a decrease of 19.4% from ¥5.71 billion in the same period of 2019[82]. - Total cash inflow from operating activities was ¥2,858,252,020.12, down from ¥7,049,789,431.17 in 2019, indicating a significant reduction of about 59%[90]. - Cash outflow from operating activities totaled ¥1,685,490,157.57, compared to ¥4,401,579,673.93 in 2019, reflecting a decrease of approximately 62%[90]. - Net cash flow from operating activities for the first three quarters of 2020 was ¥1,172,761,862.55, a decrease from ¥2,648,209,757.24 in the same period of 2019, representing a decline of approximately 55%[90]. - Cash inflow from financing activities was ¥2,360,000,000.00, a substantial increase from ¥500,000,000.00 in 2019, marking a growth of 372%[92]. - The net increase in cash and cash equivalents for the period was ¥452,671,238.10, down from ¥841,960,998.23 in the previous year, indicating a decline of about 46%[92]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥39,472,408,476.12, an increase of 4.65% compared to the end of the previous year[18]. - The company's total liabilities increased to RMB 9.176 billion as of September 30, 2020, compared to RMB 7.846 billion at the end of 2019, reflecting a growth of approximately 16.9%[54]. - Total liabilities increased to ¥23,373,579,804.35, up from ¥21,569,281,723.71, representing a growth of approximately 8.37%[57]. - Current liabilities rose to ¥9,898,822,419.82, compared to ¥7,151,674,807.09, marking an increase of about 38.54%[57]. - Non-current liabilities decreased to ¥13,474,757,384.53 from ¥14,417,606,916.62, reflecting a decline of approximately 6.53%[57]. - The company's non-current assets totaled RMB 30.297 billion as of September 30, 2020, compared to RMB 29.874 billion at the end of 2019, indicating an increase of about 1.4%[54]. Shareholder Information - The total number of shareholders reached 52,240, with the top ten shareholders holding significant stakes[25]. - The largest shareholder, Sichuan Provincial Transportation Investment Group, holds 35.86% of the shares[22]. Investment Activities - The company completed investments of approximately RMB 35.36 billion in the Chengle Expressway expansion project as of September 30, 2020[36]. - The company has invested approximately RMB 8.685 billion in the Chengdu Tianfu New District to Qionglai Expressway project, which is about 42 kilometers long[42]. - The company has completed an investment of approximately RMB 2.1 billion in the Tianqiong Expressway project by September 30, 2020[42]. - The company reported a significant decrease in investment cash flow, with a net outflow of RMB 1,128,278,189.17, primarily due to reduced cash inflows from investment activities[30]. Other Financial Metrics - The weighted average return on equity fell to 1.73%, a decrease of 5.74 percentage points compared to the previous year[18]. - The company reported a decrease in other comprehensive income to ¥24,912,399.02 from ¥90,625,846.91, a decline of about 72.5%[59]. - The company’s retained earnings decreased to ¥4,370,462,569.83 from ¥4,442,929,751.74, a reduction of approximately 1.63%[59]. - The company’s long-term borrowings decreased to ¥2,429,696,664.63 from ¥2,701,701,271.79, reflecting a decline of about 10.06%[67].