SHANDONG STEEL(SH:600022)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months was ¥52,980,193,193.14, representing a year-on-year increase of 30.66%[18] - Net profit attributable to shareholders was ¥489,535,903.07, a decrease of 79.76% compared to the same period last year[18] - Basic earnings per share decreased to ¥0.0447, down 79.76% from ¥0.2209 in the previous year[20] - Total operating revenue for the reporting period reached RMB 52,980,193,193.14, an increase of 30.66% compared to RMB 40,547,379,396.02 in the same period last year[30] - Net profit for Q3 2019 was ¥4.80 million, compared to ¥870.96 million in Q3 2018, indicating a significant decline[47] - The net profit attributable to the parent company was -87,962,883.14 CNY, compared to 740,616,751.81 CNY in the previous quarter, indicating a significant decline[49] - The total profit for Q3 2019 was -198,066,152.94 CNY, down from 778,479,458.81 CNY in the same period last year[52] Cash Flow - Cash flow from operating activities for the first nine months was ¥2,014,006,544.74, down 19.79% from ¥2,510,956,094.55 in the previous year[18] - The net cash flow from operating activities decreased by 19.79% to RMB 2,014,006,544.74 from RMB 2,510,956,094.55 in the previous year[33] - Cash inflow from operating activities for the first three quarters of 2019 was CNY 34.63 billion, an increase of 41.5% compared to CNY 24.44 billion in the same period of 2018[57] - Net cash flow from operating activities for the first three quarters of 2019 was CNY 2.01 billion, a decrease of 20% from CNY 2.51 billion in the same period of 2018[57] - Cash inflow from operating activities in Q3 2019 was CNY 19.06 billion, an increase of 9.2% from CNY 17.45 billion in Q3 2018[59] - Net cash flow from operating activities in Q3 2019 was -CNY 248.04 million, compared to CNY 1.13 billion in Q3 2018[59] Assets and Liabilities - Total assets at the end of the reporting period reached ¥73,398,555,443.03, an increase of 2.08% compared to the previous year[18] - The company's cash and cash equivalents decreased by 41.52% to RMB 5,808,949,736.15 from RMB 9,933,921,806.70 at the beginning of the period[27] - Accounts receivable increased by 92.58% to RMB 207,056,486.99 from RMB 107,519,534.67 at the beginning of the period[27] - Total liabilities decreased slightly to approximately ¥43.52 billion from ¥42.78 billion, indicating a marginal increase of about 1.7%[39] - The total liabilities as of the latest report were ¥22.96 billion, slightly up from ¥22.63 billion in the previous period[43] - The company’s total assets were reported at ¥42.71 billion, an increase from ¥42.18 billion, reflecting growth in the asset base[43] Shareholder Information - The total number of shareholders at the end of the reporting period was 302,584[23] - The largest shareholder, Jinan Steel Group Co., Ltd., holds 30.19% of the shares, with 3,305,066,194 shares pledged[23] - The total equity attributable to shareholders increased to approximately ¥20.67 billion from ¥20.17 billion, a growth of about 2.5%[39] Research and Development - Research and development expenses surged by 515.74% to RMB 666,544,319.71 from RMB 108,250,380.31 in the previous year[30] - Research and development expenses increased to ¥254.68 million in Q3 2019, up from ¥80.96 million in Q3 2018, reflecting a focus on innovation[47] - Research and development expenses for Q3 2019 were 61,575,742.80 CNY, compared to 33,324,159.02 CNY in Q3 2018, reflecting an increase in R&D investment[52] Financial Position - The company received government subsidies amounting to ¥99,655,572.53 during the reporting period[20] - The company reported a significant increase in accounts payable, which stood at ¥4.27 billion, down from ¥5.25 billion in the previous period[43] - The company incurred financial expenses of 103,253,041.93 CNY in Q3 2019, a decrease from 127,229,309.02 CNY in Q3 2018[52]