Yuanxing Energy(000683)2020-10-29 16:00Financial Performance - Revenue for the quarter was RMB 1.94 billion, a decrease of 4.86% year-over-year[3] - Net profit attributable to shareholders dropped by 85.57% to RMB 24.55 million[3] - Basic earnings per share (EPS) fell by 86.05% to RMB 0.006[3] - Weighted average return on equity (ROE) decreased by 85.80% to 0.24%[3] - Net profit attributable to parent company owners was RMB 24.55 million, a decrease of 85.6% compared to RMB 170.07 million in the same period last year[31] - Total comprehensive income for the period was RMB 39.47 million, down 81.1% from RMB 208.90 million in the previous year[31] - Basic earnings per share decreased to RMB 0.006 from RMB 0.043 year-over-year[31] - Net profit attributable to parent company owners was -52.88 million yuan, compared to 643.22 million yuan in the same period last year[35] - Total comprehensive income was -17.14 million yuan, compared to 825.25 million yuan in the same period last year[36] - Basic earnings per share were -0.01 yuan, compared to 0.16 yuan in the same period last year[36] - Net profit was 316.80 million yuan, compared to 862.74 million yuan in the same period last year[39] - Total comprehensive income was 316.39 million yuan, compared to 863.16 million yuan in the same period last year[40] Cash Flow and Liquidity - Operating cash flow increased by 13.97% to RMB 1.42 billion[3] - Cash and cash equivalents decreased by 42.04% to 1,149,453,702.14 due to reduced loan scale[11] - Sales of goods and services received cash of 5,115,600,037.60 yuan, an increase of 2.3% compared to the previous period[41] - Net cash flow from operating activities increased by 14.0% to 1,423,430,625.35 yuan[41] - Cash received from tax refunds increased by 123.9% to 50,015,340.88 yuan[41] - Net cash flow from investing activities was -368,603,952.77 yuan, a slight improvement from -372,248,997.67 yuan in the previous period[42] - Net cash flow from financing activities was -1,712,948,868.31 yuan, a significant decrease from -161,446,510.47 yuan in the previous period[42] - Cash and cash equivalents at the end of the period were 987,897,916.11 yuan, a decrease of 656,370,283.39 yuan from the beginning of the period[43] - Parent company's net cash flow from operating activities was -19,553,498.63 yuan, an improvement from -68,502,301.32 yuan in the previous period[44] - Parent company's net cash flow from investing activities was -62,989,340.00 yuan, an improvement from -82,512,182.40 yuan in the previous period[44] - Parent company's net cash flow from financing activities was 69,362,244.96 yuan, a significant decrease from 924,925,200.07 yuan in the previous period[45] - Cash and cash equivalents at the end of the period for the parent company were 839,867,215.10 yuan, a decrease of 13,187,157.67 yuan from the beginning of the period[45] Assets and Liabilities - Total assets decreased by 8.43% to RMB 21.54 billion compared to the end of the previous year[3] - Total assets decreased to 21.54 billion yuan from 23.52 billion yuan compared to the end of 2019[22][25] - Current assets decreased to 4.44 billion yuan from 6.08 billion yuan, with a significant drop in monetary funds from 1.98 billion yuan to 1.15 billion yuan[22] - Accounts receivable increased to 207.93 million yuan from 158.05 million yuan, indicating higher outstanding payments from customers[22] - Prepayments surged to 221.88 million yuan from 48.41 million yuan, reflecting increased advance payments for goods or services[22] - Inventory decreased to 397.22 million yuan from 512.81 million yuan, suggesting improved inventory management[22] - Total liabilities decreased to 9.48 billion yuan from 11.36 billion yuan, with a notable reduction in short-term borrowings from 4.16 billion yuan to 2.86 billion yuan[23][25] - Long-term liabilities decreased to 1.86 billion yuan from 2.24 billion yuan, primarily due to a reduction in long-term loans and long-term payables[23][25] - Shareholders' equity decreased slightly to 12.06 billion yuan from 12.16 billion yuan, with a minor decline in retained earnings[25] - Total assets decreased from 12.17 billion yuan to 11.93 billion yuan compared to the end of 2019[27][28] - Total liabilities decreased from 2.54 billion yuan to 2.01 billion yuan compared to the end of 2019[28] - Owner's equity increased from 9.64 billion yuan to 9.91 billion yuan compared to the end of 2019[28] - Total assets of the company amounted to 23,519,258,707.82 yuan, with current assets totaling 6,083,964,255.91 yuan and non-current assets totaling 17,435,294,451.91 yuan[48] - The company's total liabilities were 11,360,908,889.25 yuan, with current liabilities at 9,120,287,814.15 yuan and non-current liabilities at 2,240,621,075.10 yuan[49] - Shareholders' equity totaled 12,158,349,818.57 yuan, with equity attributable to the parent company at 10,203,543,508.52 yuan and minority interests at 1,954,806,310.05 yuan[50] - The company's inventory stood at 512,811,756.25 yuan, while other current assets were significantly higher at 2,788,335,275.92 yuan[48] - Fixed assets were the largest component of non-current assets, amounting to 12,671,693,411.81 yuan[48] - Short-term borrowings constituted a significant portion of current liabilities at 4,160,980,688.71 yuan[48] - Long-term payables were a major component of non-current liabilities, totaling 1,623,879,947.90 yuan[49] - The company's monetary funds were reported at 853,054,372.77 yuan, with other receivables at 2,787,928,281.36 yuan[51] - Long-term equity investments were substantial at 7,347,442,737.00 yuan, indicating significant investment activities[52] - The company's total equity and liabilities matched the total assets at 23,519,258,707.82 yuan, indicating a balanced financial position[50] - Total liabilities amounted to 2,535,010,900.66 RMB[53] - Total owner's equity reached 9,636,265,050.42 RMB[54] - Long-term payables stood at 1,042,719,583.35 RMB[53] - Current liabilities totaled 1,397,856,147.56 RMB[53] - Non-current liabilities summed up to 1,137,154,753.10 RMB[53] - Retained earnings were 2,263,485,280.59 RMB[54] - Capital reserve was 3,695,245,604.30 RMB[53] - Total assets and liabilities equaled 12,171,275,951.08 RMB[54] - Deferred income was 11,935,169.75 RMB[53] Shareholder and Equity Information - The company's largest shareholder, Inner Mongolia Boyuan Holding Group, holds 28.60% of the shares, with 1.12 billion shares pledged and frozen[6] - The company's share repurchase account holds 217.42 million shares, representing 5.54% of total shares[6] - The top 10 shareholders hold a total of 1.82 billion shares, with 789.02 million shares held by the largest shareholder being tradable[6] - The company repurchased 1,080,000 shares, accounting for 0.28% of total shares, with a total transaction amount of 19,995,313.86[16] Income and Expenses - Operating revenue decreased by 4.85% to 1.94 billion yuan compared to the same period last year[29] - Operating costs increased by 4.67% to 1.95 billion yuan compared to the same period last year[30] - Net profit decreased by 78.36% to 55.24 million yuan compared to the same period last year[30] - R&D expenses decreased by 19.98% to 29.38 million yuan compared to the same period last year[30] - Parent company's operating income increased by 80.1% to RMB 7.04 million compared to RMB 3.91 million in the prior year[32] - Parent company's investment income surged significantly to RMB 445.89 million from RMB 71.57 million in the previous year[32] - Consolidated operating revenue for the period reached RMB 5.43 billion, a 4.6% decrease from RMB 5.69 billion in the same period last year[34] - Consolidated operating costs increased by 11.4% to RMB 5.37 billion compared to RMB 4.82 billion in the previous year[34] - Cost of sales for consolidated operations rose by 18.4% to RMB 4.15 billion from RMB 3.50 billion year-over-year[34] - Operating income was 36.66 million yuan, compared to 13.30 million yuan in the same period last year[38] Investments and Impairments - Investment income plummeted by 97.60% to 4,335,374.55 due to reduced income from equity investments[11] - Asset impairment losses increased by 113.56% to -10,153,762.48 due to higher mining face impairment provisions[11] - Long-term equity investment remained stable at approximately 7.33 billion yuan[27] - Long-term equity investments were substantial at 7,347,442,737.00 yuan, indicating significant investment activities[52] Taxes and Subsidies - Government subsidies received during the period amounted to RMB 16.59 million[4] - Tax and surcharges increased by 66.42% to 213,404,126.61 due to higher coal production and sales[11] - Income tax expense decreased by 64.50% to 74,916,742.71 due to reduced total profit[12] Miscellaneous - The company's third-quarter report was not audited[54]