SLSVC(SH:600123)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 66.90% to CNY 244.87 million year-on-year[6] - Operating revenue declined by 22.53% to CNY 4.77 billion compared to the same period last year[6] - Cash flow from operating activities decreased by 60.69% to CNY 329.14 million year-to-date[6] - The company reported a significant decline in the sales revenue of dimethyl ether, down 79.00% to CNY 130.13 million[9] - The weighted average return on equity decreased by 4.76 percentage points to 2.31%[6] - Basic earnings per share fell by 66.89% to CNY 0.2144[6] - The company reported a 68.88% decrease in investment income to 124,148,184.39, attributed to the bankruptcy of a subsidiary and decreased profits from associated companies[14] - The company reported a significant increase in financial expenses, totaling approximately ¥13.7 million in Q3 2020, compared to ¥3.4 million in Q3 2019[24] - The investment income for Q3 2020 was approximately ¥39.7 million, down 31.5% from ¥58.1 million in Q3 2019[24] Assets and Liabilities - Total assets increased by 4.52% to CNY 26.71 billion compared to the end of the previous year[6] - The company's total liabilities increased to CNY 15.85 billion from CNY 14.70 billion, marking an increase of about 7.8%[18] - The company's equity attributable to shareholders rose to CNY 10.62 billion, compared to CNY 10.50 billion in the previous year, showing a growth of around 1.1%[18] - Accounts receivable increased by 58.53% to 130,112,249.83, primarily due to an increase in receivables[13] - Contract liabilities rose by 98.18% to 808,716,092.78, mainly due to an increase in prepayments for coal and fertilizer[13] - The total amount of accounts payable was approximately ¥1.11 billion, which is a critical component of the company's working capital[35] - The total liabilities to equity ratio stands at approximately 1.35, indicating a leveraged capital structure[32] Cash Flow - Cash inflow from operating activities for the first three quarters of 2020 was CNY 3,492,447,959.47, down from CNY 4,839,455,397.60 in the same period of 2019, representing a decrease of approximately 27.8%[26] - Net cash flow from operating activities for Q3 2020 was negative CNY 283,171,830.38, compared to a positive CNY 718,872,486.56 in Q3 2019, indicating a significant decline[29] - Cash inflow from financing activities for Q3 2020 was CNY 5,713,000,000.00, an increase from CNY 5,521,510,000.00 in Q3 2019, reflecting a growth of approximately 3.5%[29] - Total cash outflow from operating activities in Q3 2020 was CNY 3,001,596,974.32, compared to CNY 3,445,684,187.70 in Q3 2019, reflecting a decrease of approximately 12.9%[29] - The total cash and cash equivalents at the end of Q3 2020 amounted to CNY 1,461,936,835.66, up from CNY 718,176,391.57 at the end of Q3 2019, representing an increase of approximately 103.5%[29] Production and Sales - Coal production increased by 0.78% to 6.69 million tons, while sales volume rose by 1.40% to 6.20 million tons[9] - The average selling price of coal decreased by 19.91% to CNY 456.1 per ton[9] - Urea sales volume increased by 4.00% to 0.71 million tons, but the average selling price dropped by 11.78% to CNY 1,512.26 per ton[9] - The company has been under production suspension since October 1, 2019, due to environmental regulations, impacting operational performance[16] Shareholder Information - The total number of shareholders at the end of the reporting period is 59,134[12] - The largest shareholder, Shanxi Lanhua Coal Industry Group Co., Ltd., holds 515,340,000 shares, accounting for 45.11% of the total shares[12] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[22] - The company has not indicated any significant changes in net profit expectations compared to the previous year, suggesting stability in financial performance[16]