ELION(SH:600277)2019-10-28 16:00Financial Performance - Operating income for the period was approximately CNY 9.82 billion, a decrease of 30.54% compared to the same period last year[19]. - Net profit attributable to shareholders of the listed company was approximately CNY 761.60 million, an increase of 13.19% year-on-year[19]. - The company reported a total profit of approximately ¥112.72 million in Q3 2019, down 68.8% from ¥360.55 million in Q3 2018[62]. - Total operating revenue for Q3 2019 was approximately ¥3.03 billion, a decrease of 30.0% compared to ¥4.34 billion in Q3 2018[58]. - The company's total operating revenue for the first three quarters of 2019 was approximately ¥9.82 billion, a decrease of 30.5% from ¥14.14 billion in the same period of 2018[58]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 36.57 billion, a decrease of 0.33% compared to the end of the previous year[19]. - The company's total liabilities decreased by 36.58% in cash used for debt repayment, amounting to RMB 3,013,840,628.08 compared to RMB 4,752,291,585.08 in the previous year[30]. - The company's total current assets amounted to approximately 15.23 billion yuan, an increase from 13.05 billion yuan at the end of 2018[43]. - The company's total assets as of September 30, 2019, were approximately 36.57 billion yuan, slightly down from 36.69 billion yuan at the end of 2018[47]. - Total liabilities amount to approximately $9.15 billion, with current liabilities at about $6.55 billion and non-current liabilities at approximately $2.59 billion[92]. Shareholder Information - The total number of shareholders at the end of the reporting period was 67,794[24]. - The largest shareholder, Yili Resources Group Co., Ltd., held 49.16% of the shares[24]. - Shareholders' equity increased from CNY 14,295,045,646.98 to CNY 14,540,970,369.18, an increase of approximately 1.72%[54]. Cash Flow - The net cash flow from operating activities was approximately CNY 2.04 billion, down 25.64% from the previous year[19]. - The cash flow from operating activities for the first three quarters of 2019 was CNY 11,963,795,354.12, down from CNY 15,087,450,148.48 in the same period of 2018, a decrease of approximately 20.5%[70]. - The cash inflow from sales of goods and services was 2,729,763,490.22 RMB, up from 1,774,467,919.71 RMB, marking an increase of approximately 53.9%[76]. Research and Development - The company reported a significant increase in research and development expenses, rising by 503.24% to RMB 37,348,455.84 from RMB 6,191,351.67 year-on-year, reflecting an increase in high-tech projects[30]. - Research and development expenses increased significantly to approximately ¥16.24 million in Q3 2019, compared to ¥5.00 million in Q3 2018, reflecting a 224.9% increase[62]. - Research and development expenses for Q3 2019 were CNY 2,908,332.68, significantly higher than CNY 16,217.74 in Q3 2018, marking an increase of over 17,800%[67]. Investment Activities - The investment income increased by 466.72% to RMB 942,152,858.12 from RMB 166,245,180.00, due to gains from the transfer of subsidiaries and equity method investments[30]. - The company achieved investment income of approximately ¥91.96 million in Q3 2019, an increase of 17.5% compared to ¥78.40 million in Q3 2018[62]. - The investment income for Q3 2019 was CNY 87,924,838.81, compared to CNY 75,516,726.29 in Q3 2018, indicating an increase of about 16.5%[67]. Mergers and Acquisitions - The company plans to acquire 100% equity of Yili Ecology from Yili Group and related parties through a combination of issuing shares and cash payment, with the transaction expected to enhance its asset portfolio[34]. - The company has engaged in mergers and acquisitions for clean energy projects, with a total of 2,495 T/H in operational, under construction, and planned projects as of September 30, 2019[33]. Financial Adjustments - The implementation of new financial instrument standards has led to adjustments in accounting policies, impacting the classification and measurement of financial assets[94]. - The company has adopted the expected credit loss model for impairment accounting, which requires ongoing assessment of credit risk[96].