TBEA(SH:600089)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥1.67 billion, a decrease of 13.98% year-on-year[4]. - Operating revenue for the first nine months was ¥25.45 billion, down 9.83% from the same period last year[4]. - Basic earnings per share decreased by 13.95% to ¥0.4490 compared to ¥0.5218 in the same period last year[4]. - The weighted average return on net assets was 4.95%, down 1.29 percentage points from the previous year[4]. - The net profit attributable to minority shareholders decreased by 34.40% due to a significant drop in polysilicon product prices[15]. - The total profit for the first three quarters of 2019 was ¥1.07 billion, compared to ¥1.37 billion in the same period of 2018, indicating a decrease of about 21.0%[44]. - The company reported a significant increase in asset disposal income by 5149.14% to ¥169,442,672.41 from the sale of idle land and properties[15]. - The company reported a net profit increase, with retained earnings rising to ¥13.73 billion from ¥12.72 billion, reflecting a growth of about 7.9%[29]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥387.82 million, compared to -¥220.31 million in the previous year, indicating a worsening cash flow situation[4]. - Cash flow from investing activities also worsened, with a net outflow of -¥5,591,984,318.29, an increase of ¥2,425,514,485.15, mainly due to payments for major projects[16]. - The cash flow from operating activities for the first three quarters of 2019 was ¥30.70 billion, up from ¥27.43 billion in 2018, reflecting an increase of approximately 8.3%[48]. - The company recorded a cash inflow from operating activities of ¥30.70 billion, while cash outflow was ¥31.09 billion, resulting in a net cash flow of -¥387.82 million for the first three quarters of 2019[48]. - The company experienced a net cash outflow from investment activities of CNY -5,591,984,318.29, compared to CNY -3,166,469,833.14 in the same period of 2018[49]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥97.35 billion, an increase of 5.13% compared to the end of the previous year[4]. - Current assets totaled ¥48.86 billion, a decrease from ¥49.87 billion at the end of 2018, indicating a decline of about 2.1%[28]. - Long-term borrowings increased by 37.87% to CNY 19,567,410,178.53, mainly due to bank loans for the high-purity polysilicon upgrade project[13]. - Total liabilities reached ¥54.61 billion, up from ¥53.61 billion, indicating a rise of approximately 1.9%[29]. - The company's total liabilities decreased significantly, reflecting a strategic adjustment in its financial structure[13]. - The company’s total shareholders' equity as of September 30, 2019, was CNY 26,107,929,476.59, an increase of 8.4% from CNY 24,999,642,147.20 at the end of 2018[35]. Investments and Financial Activities - The company issued CNY 500,000,000 in bonds during the period, primarily for Belt and Road Initiative projects[13]. - The company’s total equity investments increased by 54.01% to CNY 775,300,050.58, driven by investments in non-publicly issued stocks[12]. - The company’s financial services subsidiary attracted deposits amounting to CNY 15,277,957.38, reflecting its expansion in financial services[13]. - The company raised CNY 2,316,902,081.59 from minority shareholders in the first three quarters of 2019, compared to CNY 1,725,750,000.00 in the same period of 2018[49]. Operational Metrics - The company reported a 401.33% increase in interest receivable, reaching CNY 4,640,083.33, primarily due to financial services provided by its subsidiary[12]. - The company’s inventory stock decreased due to the repurchase and cancellation of part of the stock from the equity incentive plan[14]. - The company has ongoing investments in construction projects, with capital expenditures in construction amounting to ¥11.04 billion, up from ¥8.58 billion, indicating a growth of approximately 28.6%[28]. - R&D expenses in Q3 2019 were CNY 13,506,723.00, a substantial increase from CNY 1,121,128.21 in Q3 2018, indicating a focus on innovation[42]. Shareholder Information - The total number of shareholders at the end of the reporting period was 255,825[7]. - The largest shareholder, Xinjiang TBEA Group Co., Ltd., held 12.03% of the shares, totaling 446,982,637 shares[8].