SCC(SH:600740)2018-10-22 16:00Financial Performance - Net profit attributable to shareholders reached CNY 1.29 billion, a significant increase of 2,376.51% year-on-year[7] - Operating revenue for the first nine months was CNY 5.20 billion, up 26.08% from the same period last year[7] - Basic earnings per share rose to CNY 1.0640, reflecting an increase of 1,467.01% compared to the previous year[8] - The company expects significant net profit growth compared to the same period last year, driven by stable production and profitability from joint ventures[18] - Operating revenue for the third quarter was CNY 1,695,261,815.38, up from CNY 1,629,933,594.68, a growth of about 4.0%[30] - Year-to-date revenue reached CNY 5,203,278,872.60, compared to CNY 4,126,955,066.69 in the same period last year, representing an increase of approximately 26.1%[30] - Net profit for the first nine months of 2018 was ¥1,285,730,765.00, significantly up from ¥51,656,897.15 in the same period last year, representing a growth of 2,384.5%[35] Assets and Liabilities - Total assets increased by 77.88% to CNY 19.79 billion compared to the end of the previous year[7] - Total assets increased to CNY 19,789,088,519.61 from CNY 11,125,132,009.65, representing a growth of approximately 78.5% year-over-year[24] - Current liabilities rose to CNY 8,430,587,735.33, up from CNY 7,055,856,249.97, indicating an increase of about 19.5%[24] - Total liabilities increased to CNY 9,660,998,538.61 from CNY 8,411,468,624.85, reflecting a growth of approximately 14.9%[24] - Total equity surged to CNY 10,128,089,981.00, compared to CNY 2,713,663,384.80, marking an increase of around 272.5%[24] Cash Flow - The company reported a net cash flow from operating activities of CNY 137.29 million, an increase of 17.56% year-on-year[7] - Cash inflow from operating activities for the first nine months of 2018 was CNY 5,178,556,420.74, an increase of 27.9% compared to CNY 4,048,079,183.73 in the same period last year[42] - Net cash flow from operating activities was CNY 168,623,941.15, up from CNY 132,214,204.12 year-over-year, reflecting a growth of 27.5%[42] - Total cash inflow from operating activities for the first nine months was CNY 5,178,556,420.74, while cash outflow was CNY 5,009,932,479.59, leading to a net cash flow of CNY 168,623,941.15[42] - The company experienced a net decrease in cash and cash equivalents of CNY -227,883,572.16 during the third quarter[43] Shareholder Information - The total number of shareholders reached 79,272 by the end of the reporting period[11] - The largest shareholder, Shanxi Coking Coal Group, holds 54.14% of the shares, totaling 775,335,842 shares[12] Investments and Acquisitions - Long-term equity investments surged by 60,346.01% to ¥7,913,892,419.35, reflecting the acquisition of a 49% stake in Shanxi Zhongmei Huajin Energy[14] - The company completed the acquisition of a 49% stake in Shanxi Zhongmei Huajin Energy, with the transaction approved by regulatory authorities[16] Operational Costs and Expenses - Total operating costs for Q3 2018 were 1,624,783,726.01, up from 1,597,901,946.65 in Q2 2018, reflecting rising operational expenses[31] - Financial expenses for Q3 2018 were 69,007,618.80, compared to 61,592,092.72 in Q2 2018, suggesting increased borrowing costs[31] - Research and development expenses for Q3 2018 were 6,971,519.16, significantly higher than 180,235.23 in Q2 2018, highlighting increased investment in innovation[31] Government Support - The company received government subsidies amounting to CNY 5.40 million for the year-to-date, which are closely related to its normal business operations[10]