SEP(SH:600021)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 32.41% year-on-year, amounting to ¥1.21 billion[5] - The net profit excluding non-recurring gains and losses grew by 70.96% year-on-year, reaching ¥1.15 billion[5] - Basic earnings per share increased by 21.56% to ¥0.4234[6] - Net profit for Q3 2020 reached CNY 800,142,744.74, compared to CNY 581,202,300.10 in Q3 2019, reflecting a growth of 37.66%[23] - The company’s operating profit for Q3 2020 was CNY 968,159,177.01, up from CNY 670,821,496.71 in Q3 2019, indicating a growth of 44.38%[24] - Total comprehensive income attributable to the parent company for Q3 2020 was ¥453,698,112.61, up from ¥361,159,203.79 in Q3 2019, representing a 25.6% increase[26] Revenue and Cash Flow - Revenue for the first nine months was ¥18.07 billion, reflecting a year-on-year growth of 2.19%[5] - Operating cash flow for the first nine months increased by 60.50% year-on-year, totaling ¥5.25 billion[5] - Cash flow from operating activities for the first three quarters of 2020 was ¥18,122,919,267.61, compared to ¥17,726,958,162.47 in the same period of 2019, indicating a growth of 2.2%[29] - The net cash flow from operating activities for Q3 2020 was CNY 5,246,898,222.94, an increase of 60.5% compared to CNY 3,269,103,121.74 in Q3 2019[30] Assets and Liabilities - Total assets at the end of the reporting period reached ¥123.88 billion, an increase of 11.58% compared to the end of the previous year[5] - Total liabilities reached ¥91,658,719,714.76, compared to ¥80,953,877,567.53, which is an increase of about 13.5%[19] - Current liabilities rose slightly to ¥45,776,697,939.91 from ¥45,249,766,604.74, reflecting a 1.2% increase[19] - Long-term borrowings increased significantly to ¥34,042,360,572.61, up from ¥24,508,849,313.30, marking a growth of approximately 38.8%[19] - The company reported a total debt of CNY 30,706,826,286.92 as of Q3 2020, up from CNY 26,657,849,545.33 in the same period last year, representing an increase of 3.93%[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 96,268[10] - The largest shareholder, State Power Investment Corporation, held 46.34% of the shares[10] - Shareholders' equity rose to ¥32,217,438,026.53 from ¥30,068,839,826.26, reflecting an increase of approximately 7.1%[19] Investment and Acquisitions - The company plans to acquire a 66.40% stake in KE Company from KES Energy in Pakistan for a cash consideration of $1.77 billion, with potential additional rewards not exceeding $27 million[14] - The company is actively working to fulfill all conditions for the completion of the acquisition agreement[14] Operational Efficiency - The company reported an increase in inventory to approximately ¥472.72 million from ¥395.12 million year-on-year[17] - The company reported a significant increase in long-term payables to ¥10,018,442,803.70 from ¥7,447,095,631.06, indicating a growth of approximately 34.5%[19] - The company reported a decrease in operating costs for Q3 2020 to ¥694,649,482.01 from ¥919,002,585.11 in Q3 2019, a reduction of 24.5%[27] Research and Development - Research and development expenses in Q3 2020 amounted to CNY 29,613,572.78, significantly higher than CNY 2,624,311.97 in Q3 2019, marking an increase of 1,030.56%[22]