SLSVC(SH:600123)2019-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 25.15% to CNY 739,861,221.95 year-to-date[5] - Operating revenue for the first nine months decreased by 2.44% to CNY 6,161,259,553.52 compared to the same period last year[5] - Basic earnings per share decreased by 25.15% to CNY 0.6476 compared to the same period last year[5] - The weighted average return on equity decreased by 2.93 percentage points to 7.07%[5] - Total operating revenue for Q3 2019 was CNY 2,038,584,261.30, a decrease of 8.9% compared to CNY 2,237,507,646.30 in Q3 2018[21] - Net profit for Q3 2019 was CNY 167,697,580.14, down 48.6% from CNY 326,133,215.12 in Q3 2018[22] - Operating profit for Q3 2019 was CNY 270,667,170.90, a decline of 40.5% from CNY 455,432,638.14 in Q3 2018[21] - The company's gross profit margin for Q3 2019 was approximately 33.8%, down from 38.4% in Q3 2018[21] - Earnings per share (EPS) for Q3 2019 was CNY 0.1707, compared to CNY 0.3148 in Q3 2018, reflecting a decrease of 45.7%[22] - The total profit for the first three quarters of 2019 was CNY 900,516,061.18, down 27.6% from CNY 1,243,454,204.54 in the same period of 2018[21] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 25.38% to CNY 837,355,521.68 year-to-date[5] - Cash and cash equivalents increased by 35.19% to ¥1,796,457,619.52 from ¥1,328,873,384.45 due to increased bank loans and receivables collection[10] - The net cash flow from operating activities for the first three quarters of 2019 was CNY 718,872,486.56, compared to CNY 692,378,355.64 in 2018, reflecting a growth of 3.8%[28] - Operating cash inflow for the first three quarters of 2019 was CNY 4,164,556,674.26, an increase of 7.4% compared to CNY 3,876,327,095.49 in the same period of 2018[28] - Total cash and cash equivalents at the end of Q3 2019 amounted to CNY 1,181,250,368.44, compared to CNY 1,291,485,928.34 at the end of Q3 2018, a decrease of 8.6%[27] Assets and Liabilities - Total assets increased by 7.61% to CNY 25,079,889,537.58 compared to the end of the previous year[5] - The company’s total current assets increased to ¥4,954,481,984.66 from ¥3,822,056,075.95, reflecting overall growth in liquidity[16] - The company’s total liabilities increased significantly, with accounts payable rising by 122.83% to ¥360,351,313.19 from ¥161,717,213.55, indicating higher obligations to suppliers[10] - Current liabilities increased to approximately $10.70 billion from $9.79 billion, marking a rise of about 9.3%[17] - Total liabilities amounted to approximately $13.91 billion, compared to $12.68 billion, indicating a growth of about 9.7%[18] - Total current liabilities reached CNY 9,787,691,990.38, remaining stable compared to previous periods[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 62,928[8] - The largest shareholder, Shanxi Lanhua Coal Industry Group Co., Ltd., holds 45.11% of the shares[8] - The total equity attributable to shareholders reached approximately $10.75 billion, up from $10.20 billion, indicating an increase of about 5.4% year-over-year[18] Investment Activities - Long-term equity investments grew by 33.35% to ¥864,391,799.63 from ¥648,232,767.08, attributed to the recognition of investment income from China Resources Danning[10] - Investment income increased by 61.48% to ¥398,974,300.87 from ¥247,075,733.46, primarily due to the reversal of previous excessive losses from a subsidiary[11] - The company plans to issue corporate bonds totaling up to ¥3 billion as approved by the China Securities Regulatory Commission[12] - The company’s subsidiary, Chongqing Lanhua Solar Energy, has entered bankruptcy liquidation, which will impact its consolidation in financial reports[13] Other Financial Metrics - The company reported non-operating income and expenses totaling CNY -7,067,935.41 for the third quarter[7] - Other income surged by 122.07% to ¥12,982,194.16 from ¥5,845,882.37, mainly due to an increase in deferred income amortization[11] - The company reported a decrease in management expenses to CNY 275,594,892.74 in Q3 2019, down 13.3% from CNY 317,691,026.39 in Q3 2018[21] - The company experienced a tax expense of CNY 97,043,331.20 in Q3 2019, down from CNY 126,207,973.98 in Q3 2018, indicating a reduction of 22.9%[21]