JHEC(SH:600273)2019-10-24 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥942,304,382.17, marking a year-on-year increase of 10.19%[18]. - Basic earnings per share increased to ¥0.67, up 15.52% from ¥0.58 in the same period last year[21]. - The weighted average return on net assets rose to 14.13%, an increase of 1.23 percentage points compared to the previous year[21]. - Operating revenue for the year-to-date was ¥4,062,820,205.68, a decrease of 3.03% compared to the same period last year[18]. - The company reported a total profit of ¥348.71 million for Q3 2019, compared to ¥329.58 million in Q3 2018, reflecting a growth of 5.8%[61]. - Net profit for Q3 2019 reached ¥292.09 million, an increase of 6.3% compared to ¥275.04 million in Q3 2018[61]. - The total operating profit for the period was approximately CNY 316.81 million, showing an increase from CNY 309.57 million in the previous period, representing a growth of about 0.4%[66]. - The net profit for the period reached CNY 268.77 million, slightly up from CNY 266.75 million year-over-year, indicating a growth of approximately 0.8%[66]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,278,807,786.75, an increase of 1.59% compared to the end of the previous year[18]. - Current assets totaled ¥2,645,514,109.65, slightly down from ¥2,678,079,573.36, indicating a decrease of about 1.22%[46]. - Non-current assets rose to ¥5,633,293,677.10 from ¥5,471,426,390.86, reflecting an increase of approximately 2.96%[46]. - Total liabilities decreased to ¥1,347,673,801.67 from ¥1,591,025,805.46, a reduction of approximately 15.30%[48]. - Total equity attributable to shareholders reached ¥6,540,732,474.65, contributing to total equity of ¥6,558,480,158.76[85]. - Total liabilities amount to approximately $1.31 billion[92]. - Total assets amount to approximately $7.72 billion[92]. Cash Flow - Net cash flow from operating activities for the period was ¥1,163,958,414.67, representing a significant increase of 73.46% compared to the same period last year[18]. - Cash flow from operating activities increased by 73.46% to ¥1,163,958,414.67, driven by reduced cash payments for raw materials[33]. - The cash flow from operating activities showed a strong performance, with a net increase of approximately ¥76 million in cash and cash equivalents, contrasting with a decrease of approximately -¥730 million in the previous year[74]. - The net cash flow from operating activities for the first three quarters of 2019 was approximately ¥1,007 million, a significant increase from ¥522 million in the same period of 2018, representing a growth of 92.8%[74]. - The cash inflow from investment activities totaled CNY 402.49 million, down from CNY 1.15 billion year-over-year, reflecting a decline of about 65%[72]. Shareholder Information - The company reported a total of 35,781 shareholders at the end of the reporting period[25]. - The largest shareholder, Zhejiang Jiahua Group Co., Ltd., holds 32.62% of the shares, amounting to 467,389,604 shares[25]. Investments and Acquisitions - Long-term equity investments surged by 95.14% to ¥81,790,126.91 due to subsidiary equity acquisitions[31]. - The acquisition of a 21% stake in Jiaxing Hangzhou Bay Petrochemical Logistics Co., Ltd. was completed for ¥38,010,000, with a valuation increase of 91.56%[34]. - The company plans to establish a wholly-owned subsidiary, Zhejiang Jiahua Hydrogen Energy Technology Co., Ltd., with an investment of ¥50,000,000 for hydrogen energy technology development[34]. Government Subsidies and Other Income - The company recognized government subsidies totaling ¥32,044,145.58 during the reporting period, closely related to its normal business operations[22]. - Other income grew by 132.18% to ¥32,927,538.48, reflecting new reward subsidies[33]. Research and Development - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[56]. - Research and development expenses increased to ¥55.89 million in Q3 2019, up 19.4% from ¥46.86 million in Q3 2018[63].