HLGF(SH:600346)2018-10-19 16:00Financial Performance - Operating revenue for the first nine months was CNY 43.83 billion, representing a year-on-year growth of 34.43%[7] - Net profit attributable to shareholders for the first nine months was CNY 3.65 billion, up 98.94% from the same period last year[7] - Basic earnings per share for the reporting period was CNY 0.76, reflecting a 90.00% increase compared to the same period last year[8] - The company reported a net profit margin improvement, with net income for the year-to-date period showing significant growth compared to the previous year[32] - Net profit for Q3 2018 was approximately 1.81 billion, compared to 1.04 billion in Q3 2017, reflecting a year-over-year increase of 74.5%[34] - The net profit attributable to the parent company for the third quarter was approximately ¥825.70 million, compared to a loss of ¥232.28 million in the previous year[37] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 115.10 billion, an increase of 75.12% compared to the end of the previous year[7] - The company's total liabilities reached ¥86,312,426,673.09, significantly up from ¥46,363,420,551.90 at the beginning of the year[26] - The total assets increased to CNY 115,100,548,447.52, up from CNY 65,727,251,222.34 at the beginning of the year[25] - Shareholders' equity increased to ¥28,788,121,774.43 from ¥19,363,830,670.44 at the beginning of the year[26] Cash Flow - Cash flow from operating activities for the first nine months was CNY 5.68 billion, a significant increase of 343.62% year-on-year[7] - The net cash flow from operating activities increased by 343.62% to CNY 5,680,347,925.0, driven by higher sales revenue[17] - The net cash flow from operating activities for Q3 2018 was ¥5,680,347,925.02, a significant increase compared to ¥1,280,458,869.89 in the same period last year, reflecting a growth of approximately 344%[44] - Cash inflow from financing activities totaled ¥74,531,981,819.81, a substantial increase from ¥22,244,585,959.97 in the prior year, representing an increase of around 235%[45] Investments and Acquisitions - The company completed the acquisition of 100% equity in Hengli Investment (Dalian) Co., Ltd. and Hengli Petrochemical (Dalian) Refining Co., Ltd., as well as 100% equity in Suzhou Deya Textile Co., Ltd.[8] - The company reported a significant investment income of approximately ¥519.95 million for the first nine months of 2018[41] - The company is currently in the construction phase of the Hengli Refining Integration Project, which is expected to enhance operational capacity[16] Research and Development - Research and development expenses increased by 136.55% to RMB 626.54 million, up from RMB 264.86 million, indicating a significant investment in new technologies[16] - Research and development expenses amounted to approximately 230 million in Q3 2018, up from 29 million in the same quarter last year, indicating an increase of 694.5%[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 24,696[11] - The company’s major shareholder, Hengli Group, held 29.72% of the shares, with a total of 1,501,594,173 shares[11] - The number of shares held by the top ten unrestricted shareholders includes 200.20 million shares held by Hengli Group, indicating strong institutional support[14] Operational Highlights - The company is in the final stages of the 20 million tons/year refining integration project, with all major equipment installed and preparations for trial production underway[18] - The 1.5 million tons/year ethylene project is progressing with detailed design and foundation construction, expected to be operational by Q4 2019[19] - The PTA-4 project with an annual capacity of 2.5 million tons is on track for completion of civil works by the end of 2018, with production expected to start in Q4 2019[20] - The new textile materials project aims for an annual output of 1.35 million tons and is set to complete factory construction and equipment installation this year[21]