ZCE(SH:600121)2018-10-29 16:00Financial Performance - Operating revenue decreased by 18.85% to CNY 3.65 billion for the first nine months compared to the same period last year[6] - Net profit attributable to shareholders decreased by 73.22% to CNY 164.78 million for the first nine months compared to the same period last year[6] - Basic earnings per share decreased by 73.21% to CNY 0.1623 for the first nine months compared to the same period last year[6] - Cash flow from operating activities decreased by 52.27% to CNY 228.07 million for the first nine months compared to the same period last year[6] - The weighted average return on net assets decreased by 15.17 percentage points to 4.76% compared to the same period last year[6] - Operating revenue for the first nine months of 2018 was CNY 3.65 billion, a decrease of 18.8% compared to CNY 4.50 billion in the same period last year[24] - Net profit for the first nine months was CNY 516.49 million, a decline of 44.7% from CNY 932.38 million year-over-year[24] - Total profit for the first nine months of 2018 was ¥159,974,807.68, a decrease of 49.69% compared to ¥317,033,279.63 in the previous year[28] - Operating profit for the first nine months of 2018 was ¥131,878,058.90, down 53.19% from ¥281,579,638.97 in the same period of 2017[28] Assets and Liabilities - Total assets increased by 7.82% to CNY 12.14 billion compared to the end of the previous year[6] - The total assets of the company reached ¥12,141,266,130.10, up from ¥11,260,616,977.42, indicating an increase of 7.8% year-over-year[19] - Total liabilities increased to CNY 7.98 billion, up from CNY 7.02 billion, reflecting a rise of approximately 13.7%[23] - The company's total liabilities increased to ¥7,218,771,079.45 from ¥6,855,967,583.25, reflecting a rise of 5.3%[19] - Short-term borrowings decreased by 37.04% to ¥1,911,000,000.00 from ¥3,035,500,000.00, primarily due to repayment of loans[18] - Accounts payable and notes payable rose significantly by 68.38% to ¥3,614,521,743.34 from ¥2,146,698,879.30, mainly due to the issuance of bank acceptance bills[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 48,780[10] - The largest shareholder, Zhengzhou Coal Industry (Group) Co., Ltd., holds 63.83% of the shares[10] Cash Flow - The company's operating cash flow for the first nine months of 2018 was ¥228,074,178.81, a decrease of 52.4% compared to ¥477,811,133.42 in the same period last year[32] - Total cash inflow from operating activities was ¥3,510,816,650.87, down 24.7% from ¥4,666,569,903.62 year-on-year[32] - Cash outflow for purchasing goods and services was ¥1,492,057,281.97, a decrease of 36.1% from ¥2,332,877,294.05 in the previous year[32] - The net cash flow from investing activities was ¥2,585,515.72, recovering from a negative cash flow of ¥99,518,924.21 in the same period last year[33] - Cash inflow from financing activities totaled ¥4,016,000,000.00, an increase of 15.6% compared to ¥3,475,500,000.00 in the previous year[33] - The company repaid debts amounting to ¥2,545,500,000.00, which is an increase of 49.0% from ¥1,706,000,000.00 last year[33] Other Financial Metrics - Non-operating income for the first nine months amounted to CNY 28.06 million[8] - The company's financial expenses increased by 43.86% to ¥206,997,514.78 from ¥143,886,606.07, attributed to higher financing costs[12] - The company's deferred income tax liabilities decreased by 45.46% to ¥3,907,244.48 from ¥7,164,253.79, primarily due to fair value changes in investments[19] - The company's other comprehensive income decreased by 45.44% to ¥11,721,733.49 from ¥21,482,983.49, mainly due to fair value changes in investments[19] - The company recorded other comprehensive income after tax of -¥8,336,250.00 for Q3 2018, compared to -¥10,647,379.96 in Q3 2017[25] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters to drive future growth[24]