CC GAS(SH:600333)2019-10-24 16:00Financial Performance - Operating revenue for the first nine months was CNY 1,086,197,347.40, representing a year-on-year increase of 4.20%[6] - Net profit attributable to shareholders was a loss of CNY 84,939,097.78, an improvement from a loss of CNY 129,066,484.92 in the same period last year[6] - The weighted average return on net assets was -4.15%, improving from -6.11% in the previous year[6] - Basic earnings per share were -CNY 0.14, compared to -CNY 0.21 in the same period last year[6] - Total operating revenue for Q3 2019 was CNY 285,480,641.86, a decrease of 6.9% compared to CNY 305,987,944.05 in Q3 2018[24] - Net profit attributable to shareholders for Q3 2019 was CNY 115,724,711.98, a decrease of 35.4% compared to CNY 179,117,811.15 in Q3 2018[22] - Q3 2019 net profit was a loss of CNY 23,769,836.35, compared to a loss of CNY 42,881,003.59 in Q3 2018, showing an improvement of 44.5%[26] - Total comprehensive loss for Q3 2019 was CNY 23,769,836.35, compared to a loss of CNY 42,881,003.59 in the same period last year[28] - The net profit for Q3 2019 was -20,498,006.44 RMB, a decrease from -27,912,985.49 RMB in the same period of 2018, indicating an improvement of approximately 26.5% year-over-year[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,621,791,758.23, a decrease of 0.10% compared to the end of the previous year[6] - The total liabilities increased to ¥3,588,514,760 from ¥3,511,134,701, reflecting changes in both current and non-current liabilities[18] - Total assets as of September 30, 2019, amounted to CNY 5,244,029,209.82, an increase from CNY 5,206,195,382.25 at the end of 2018[22] - Total liabilities as of September 30, 2019, were CNY 3,365,208,969.32, compared to CNY 3,264,147,427.90 at the end of 2018[22] - The company’s long-term investments rose to CNY 1,826,905,455.72 from CNY 656,333,566.00 year-over-year[21] - Total current liabilities included accounts payable of CNY 299,365,032.31 and other payables of CNY 221,534,974.34[41] Cash Flow - The company reported a net cash flow from operating activities of -CNY 8,171,083.76 for the first nine months[6] - Net cash flow from operating activities improved by ¥85,228,092, reaching -¥8,171,083 compared to -¥93,399,175 in the previous year, mainly due to adjustments in winter natural gas sales prices[13] - The net cash flow from operating activities for Q3 2019 was -8,171,083.76 RMB, an improvement from -93,399,175.98 RMB in Q3 2018[33] - The cash inflow from operating activities for the first nine months of 2019 totaled 1,166,235,483.76 RMB, compared to 1,105,550,224.60 RMB in the same period of 2018, reflecting a growth of about 5.5%[33] - The company’s cash inflow from operating activities totaled CNY 896,538,329.93 for the first three quarters of 2019, compared to CNY 821,468,067.15 in the same period of 2018[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 44,337[9] - The largest shareholder, Changchun Changgang Gas Co., Ltd., held 58.75% of the shares[9] - The company’s equity attributable to shareholders was CNY 1,878,820,240.50 as of September 30, 2019, down from CNY 1,942,047,954.35 at the end of 2018[22] - The total equity attributable to minority shareholders was CNY 29,219,325.25, indicating a diverse ownership structure[38] Expenses - Financial expenses rose by 43.81% to ¥81,163,110 from ¥56,435,800, primarily due to increased loan interest expenses[12] - R&D expenses in Q3 2019 were CNY 1,281,347.76, significantly lower than CNY 7,834,835.35 in Q3 2018[29] - Sales expenses in Q3 2019 were CNY 59,032,686.96, down from CNY 69,031,361.03 in Q3 2018[29] - Management expenses in Q3 2019 were CNY 14,636,427.70, a decrease from CNY 16,235,732.01 in Q3 2018[29]