Xiangyu(SH:600057)2020-10-27 16:00Financial Performance - Operating revenue for the first nine months reached CNY 26,936.14 million, a 33.85% increase year-on-year[17]. - Net profit attributable to shareholders rose by 12.81% to CNY 932.72 million compared to the same period last year[17]. - Basic earnings per share increased by 18.18% to CNY 0.39 per share[17]. - The net profit after deducting non-recurring gains and losses increased by 23.96% to CNY 956.33 million[17]. - Total operating revenue for Q3 2020 reached ¥106.17 billion, a 40.3% increase from ¥75.72 billion in Q3 2019[53]. - Net profit for Q3 2020 was ¥406.45 million, compared to ¥338.87 million in Q3 2019, reflecting a 19.9% increase[57]. - The net profit for the first three quarters of 2020 reached approximately ¥272.96 million, a significant decrease from ¥479.38 million in the same period of 2019, indicating a decline of 43.1%[66]. - Operating profit for the first three quarters of 2020 was approximately ¥268.49 million, down from ¥472.94 million in the same period of 2019, reflecting a decrease of 43.1%[66]. Assets and Liabilities - Total assets increased by 36.91% to CNY 89,995.09 million compared to the end of the previous year[17]. - Total assets decreased by 79.05% in trading financial assets, dropping from RMB 238,548.11 million to RMB 49,976.19 million due to a reduction in short-term financial products[26]. - Current liabilities rose significantly to ¥59,705,773,853.42 from ¥36,398,949,350.85, an increase of about 63.9%[41]. - Total liabilities reached ¥68,432,074,457.74, up from ¥43,936,436,308.54, indicating a rise of about 55.7%[43]. - Non-current liabilities totaled ¥8,726,300,604.32, compared to ¥7,537,486,957.69, reflecting a growth of approximately 15.8%[43]. - Total current assets as of September 30, 2020, amounted to RMB 73,363.57 million, an increase from RMB 49,024.86 million at the end of 2019[37]. - Total assets reached CNY 65,732,457,792.47, with a slight increase to CNY 65,752,098,468.67, showing a change of CNY 19,640,676.20[81]. Cash Flow - Net cash flow from operating activities for the first nine months was CNY -2,107.10 million, compared to CNY -882.26 million in the previous year[17]. - The net cash flow from investing activities surged by 878.59% to RMB 54.60 million, compared to RMB 5.58 million in the previous year, due to reduced cash payments for fixed assets[31]. - The company reported a significant increase in financing cash flow, reaching RMB 2,011.89 million, a 157.29% increase from RMB 781.96 million in the previous year, primarily due to increased borrowings[31]. - Net cash flow from operating activities for the first three quarters of 2020 was -CNY 21,071,045,129.03, a decline from -CNY 8,822,629,176.43 in the same period of 2019[68]. - Cash outflow from operating activities reached CNY 321,486,121,641.79 in the first three quarters of 2020, compared to CNY 230,845,477,434.55 in the same period of 2019, reflecting an increase of about 39.2%[68]. Shareholder Information - The company reported a total of 58,896 shareholders at the end of the reporting period[21]. - The company completed a share buyback of 23,205,400 shares, accounting for 1.08% of total share capital, at an average price of RMB 6.03 per share, totaling RMB 139.97 million[32]. - The total comprehensive income attributable to the parent company for Q3 2020 was approximately ¥227.85 million, down from ¥280.31 million in Q3 2019, a decrease of 18.7%[62]. Investments and Expenditures - Research and development expenses rose by 102.19% to RMB 879.78 million, compared to RMB 435.13 million, mainly due to increased investment in information technology[29]. - The company increased investment in logistics information technology development, with development expenditures reported at RMB 15.50 million[26]. - The company plans to issue bonds totaling up to RMB 20 billion to professional investors, which has been approved by the China Securities Regulatory Commission[32]. Other Financial Metrics - The weighted average return on equity increased by 0.68 percentage points to 7.76%[17]. - Operating costs increased by 35.65% to RMB 26,470.42 million, up from RMB 19,513.16 million, primarily due to increased business volume in non-ferrous metals, aluminum products, and coal[29]. - The company reported a significant increase in derivative financial liabilities, rising by 122.20% to RMB 46,955.75 million due to increased losses on futures contracts[26].