NANSHAN ALUMINIUM(SH:600219)2020-10-26 16:00Financial Performance - Net profit attributable to shareholders of the listed company reached approximately CNY 1.41 billion, an increase of 11.96% year-on-year[5]. - Operating revenue for the first nine months was approximately CNY 15.60 billion, down 4.43% compared to the same period last year[5]. - The net profit after deducting non-recurring gains and losses was approximately CNY 1.30 billion, an increase of 17.02% year-on-year[5]. - The company achieved a net cash flow from operating activities of approximately CNY 2.41 billion, a decrease of 2.36% year-on-year[5]. - The company reported a profit before tax of approximately ¥726 million for Q3 2020, compared to ¥672 million in Q3 2019, indicating a growth of 8.1%[24]. - The company’s net profit for Q3 2020 was approximately ¥554.6 million, an increase from ¥339.2 million in Q3 2019, representing a growth of 63.5% year-over-year[27]. - Total operating revenue for Q3 2020 reached ¥5.95 billion, up 23.5% from ¥4.81 billion in Q3 2019[27]. - The company reported a total comprehensive income of approximately ¥551.6 million for Q3 2020, compared to ¥338.9 million in Q3 2019, marking a 62.5% increase[27]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 54.72 billion, a decrease of 0.08% compared to the end of the previous year[5]. - Total liabilities decreased significantly, with long-term borrowings increasing by 111.76% to ¥360,000,000.00[14]. - Total liabilities decreased to ¥11.12 billion from ¥13.21 billion, a reduction of 15.83%[21]. - Total current liabilities were reported at ¥9,182,110,800.26, while total liabilities amounted to ¥11,375,749,668.03[36]. - Total current assets amounted to ¥16,609,400,116.58 as of September 30, 2020[35]. - Non-current assets totaled ¥32.85 billion, an increase from ¥32.04 billion, reflecting a growth of 2.53%[20]. Shareholder Information - Total number of shareholders reached 207,642[12]. - The top two shareholders, Nanshan Group and Shandong Yili Electric Power, hold 23.72% and 23.53% of shares respectively, both with pledged shares[12]. - Shareholders' equity increased to ¥43.60 billion from ¥41.55 billion, representing a growth of 4.93%[21]. Cash Flow - Cash inflow from operating activities for the first three quarters of 2020 was CNY 13,841,855,462.50, a slight increase from CNY 13,719,792,502.91 in the same period of 2019[28]. - The total cash and cash equivalents at the end of the period reached CNY 8,948,125,413.15, an increase from CNY 6,215,968,335.16 in the same period of 2019[29]. - Cash inflow from investment activities totaled CNY 13,932,705,874.04, compared to CNY 13,247,599,341.94 in the previous year[29]. - Cash outflow for purchasing goods and services was CNY 8,655,367,325.17, slightly down from CNY 8,749,303,902.65 in the previous year[28]. Expenses - R&D expenses increased by 429.81% year-on-year, reflecting higher investments in new product development[16]. - Sales expenses decreased by 67.25% compared to the same period last year, primarily due to the reclassification of transportation costs to operating costs under the new revenue recognition standards[16]. - The tax expenses for Q3 2020 were approximately ¥99.5 million, compared to ¥61.2 million in Q3 2019, representing a 62.4% increase[27]. Market Strategy and Outlook - The company has expanded its supply of high-end aluminum products for aviation and automotive applications, increasing its market presence despite challenging conditions[9]. - The company has adjusted its product structure and market strategies in response to the impacts of the COVID-19 pandemic, focusing on domestic market opportunities[9]. - Future outlook includes potential market expansion and strategic acquisitions to drive growth[24].