Seazen(SH:601155)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 70.09 billion, a 137.11% increase compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 4.74 billion, up 26.91% year-on-year[5]. - Basic earnings per share increased by 26.35% to CNY 2.11[5]. - The company reported a gross profit of ¥2,379,021,502 for Q3 2020, compared to ¥1,154,108,236 in Q3 2019, marking an increase of about 106.5%[24]. - Net profit for Q3 2020 was ¥1,756,210,938, up from ¥1,262,745,675 in Q3 2019, indicating a growth of approximately 39.1%[24]. - The company's total profit for Q3 2020 was a loss of CNY 592,664,167, compared to a loss of CNY 374,731,356 in Q3 2019, indicating a decline of approximately 58%[27]. Assets and Liabilities - Total assets increased by 17.21% year-on-year to CNY 541.63 billion[5]. - Total liabilities reached ¥473.90 billion, an increase of 18.4% from ¥400.17 billion[18]. - Current assets totaled ¥431.71 billion, an increase of 17.3% from ¥367.75 billion year-over-year[16]. - Long-term borrowings rose to ¥37.61 billion, up from ¥24.37 billion, indicating a growth of 54.3%[18]. - The total liabilities as of Q3 2020 amounted to ¥97,984,365,458, an increase from ¥82,579,194,652 in the previous year, showing a rise of about 18.6%[21]. Cash Flow - Net cash flow from operating activities for the first nine months was CNY -14.20 billion, compared to CNY -741.13 million in the previous year[5]. - The company reported a total cash flow from operating activities of CNY 100,303,744,328 for the first nine months of 2020, down from CNY 107,012,269,195 in the same period of 2019, a decrease of approximately 6.6%[29]. - Cash inflow from operating activities for the first three quarters was 4,013,658,621 RMB, significantly higher than 1,070,023,760 RMB in the same period last year[32]. - The net cash flow from investment activities was 6,373,826,993 RMB, compared to 6,108,648,988 RMB in the previous year[34]. Shareholder Information - The total number of shareholders at the end of the reporting period was 43,939[8]. - The largest shareholder, Fuyou Development Group, holds 61.06% of the shares, with 374.71 million shares pledged[8]. Financial Ratios - The weighted average return on equity decreased by 0.18 percentage points to 12.04%[5]. - The company's equity increased to ¥67.72 billion, up from ¥61.94 billion, representing a growth of 9%[18]. Government and Legal Matters - The company reported a government subsidy of CNY 188.13 million for the first nine months[6]. - The company is currently involved in significant litigation regarding a share transfer contract, with the amount involved being RMB 1,015,713,900[13]. Investment and Expenses - The company reported a significant increase in tax expenses, totaling ¥1,672,025,076 in Q3 2020, compared to ¥1,222,780,426 in Q3 2019, reflecting a rise of approximately 37%[22]. - The company’s financial expenses increased by 46.90% to RMB 754,269,831, compared to RMB 513,447,242, due to a rise in average borrowings[11].