ZDG(000906)2019-10-25 16:00Financial Performance - Net profit attributable to shareholders rose by 23.04% to CNY 100,558,923.82 for the reporting period[7] - Operating revenue reached CNY 18,735,527,649.81, reflecting a year-on-year growth of 17.21%[7] - Basic earnings per share increased by 30.00% to CNY 0.13[7] - The company reported a net profit of CNY 395,455,824.88 for the year-to-date, an increase of 89.51% compared to the same period last year[7] - The company expects a cumulative net profit of CNY 48,000,000 for the year, representing a 56.90% increase compared to the previous year[19] - Basic earnings per share are projected to be CNY 0.65, a 66.67% increase year-over-year[19] - The total profit for the year-to-date period was CNY 564,139,383.21, compared to CNY 291,471,912.83 in the previous year[52] - The net profit attributable to the parent company for the year-to-date period was CNY 395,455,824.88, an increase from CNY 208,675,933.75 in the previous year[52] Assets and Liabilities - Total assets increased by 51.71% to CNY 17,659,383,721.48 compared to the end of the previous year[7] - Accounts receivable increased by 48.21% to CNY 4,058,880,486.55 due to rapid growth in iron ore and coal import businesses[15] - Prepayments surged by 128.75% to CNY 4,437,326,499.53, driven by the same business growth factors[15] - Inventory rose by 42.79% to CNY 4,490,216,043.12, reflecting increased operational demands[15] - Short-term borrowings increased by 196.57% to CNY 5,354,814,862.95 due to expanded business scale and increased working capital needs[15] - The company's total liabilities reached CNY 14.38 billion, compared to CNY 8.70 billion at the end of 2018, representing a growth of about 65.5%[36] - The company's total assets reached CNY 11,640,024,395.63, with current assets totaling CNY 4,525,067,531.36[70] Cash Flow - Net cash flow from operating activities for the year-to-date was CNY -3,276,745,492.07, indicating a significant cash outflow[7] - The cash flow from operating activities shows a net outflow of CNY -3,276,745,492.07, worsening from CNY -722,645,637.21 in the previous period[60] - Total cash inflow from operating activities is CNY 57,740,851,454.24, compared to CNY 51,865,619,984.64 in the previous period, showing an increase of 11.4%[60] - Cash and cash equivalents at the end of the period decreased to CNY 968,765,102.65 from CNY 1,173,080,469.45, a decline of 17.4%[61] Investment Activities - Investment income surged by 1867.54% to CNY 181,695,558.07, primarily from the revaluation of equity in a former subsidiary[15] - The company reported investment income of CNY 282,283,316.28, significantly higher than CNY 69,439,195.21 in the previous period, marking an increase of 305.5%[56] - The company issued short-term financing bonds totaling CNY 410,000,000 during the reporting period[15] Derivative Investments and Hedging - The company reported a total derivative investment of 10,451.63 million, with a net investment amount of 269,531.51 million at the end of the reporting period, reflecting a 7.16% increase[25] - The company engaged in commodity futures hedging to mitigate the impact of price fluctuations on operations, with key contracts including rebar, iron ore, and coke[26] - The independent directors confirmed that the company's hedging activities do not harm the interests of the company and its shareholders[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,901[11] - Zhejiang Provincial Transportation Investment Group Co., Ltd. held the largest share with 38.01% of total shares[11] Compliance and Governance - There were no reported instances of non-compliance with external guarantees or non-operational fund occupation by controlling shareholders during the reporting period[29][30] - The company has made adjustments in financial reporting according to new accounting standards effective from January 1, 2019[71]