HLGF(SH:600346)2019-10-23 16:00Financial Performance - Net profit attributable to shareholders rose by 86.64% year-on-year, amounting to CNY 681,716.61 million[5] - Operating income for the first nine months increased by 74.14% year-on-year, totaling CNY 7,632,880.45 million[5] - Basic earnings per share rose by 75% to CNY 0.98[6] - The company reported a significant increase in non-operating income, totaling CNY 16,552,464.77 million for the period[6] - The company's net profit for the period is expected to show substantial growth compared to the previous year, reflecting strong operational performance[13] - Total operating revenue for Q3 2019 reached ¥33,995,531,886.42, a significant increase from ¥17,379,265,060.01 in Q3 2018, representing a growth of approximately 96%[21] - Net profit for Q3 2019 was ¥2,778,661,867.00, compared to ¥1,812,806,058.53 in Q3 2018, reflecting a year-over-year increase of about 53%[23] - The total profit for Q3 2019 was ¥3,654,436,770.33, up from ¥2,288,688,477.47 in Q3 2018, marking an increase of approximately 60%[23] Assets and Liabilities - Total assets increased by 35.10% year-on-year, reaching CNY 16,920,699.88 million[5] - The company's total liabilities increased significantly, with short-term borrowings rising by 58.53% to ¥36.45 billion, attributed to the need for working capital for the refining integration project[11] - Total liabilities reached ¥136.61 billion, compared to ¥97.33 billion, marking an increase of around 40.4%[17] - Current liabilities totaled ¥85.83 billion, compared to ¥54.22 billion in the previous year, reflecting an increase of about 58.3%[17] - Long-term borrowings rose to ¥46.53 billion, up from ¥40.07 billion, indicating a growth of approximately 16.3%[17] - The company's total liabilities and shareholders' equity combined amounted to ¥169.21 billion, consistent with total assets[17] Cash Flow - Net cash flow from operating activities surged by 368.70% year-on-year, reaching CNY 2,662,383.11 million[5] - The company's cash and cash equivalents increased by 67.71% to ¥20.67 billion from ¥12.32 billion due to increased profitability and funds from bond issuance[10] - The net cash flow from operating activities increased by 368.70% to ¥26.62 billion from ¥5.68 billion, reflecting significant changes in cash inflows from operations[12] - The net cash flow from operating activities for Q3 2019 was -16,045,011.94 RMB, compared to -33,565,533.58 RMB in Q3 2018, indicating an improvement[32] - The cash inflow from investment activities was 2,499,770,000.00 RMB in Q3 2019, significantly higher than 1,512,885,041.65 RMB in Q3 2018[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 24,000[7] - The largest shareholder, Hengli Group, holds 30.11% of the shares, with 2,119,746,874 shares pledged[7] - The company has established a strong relationship with its major shareholders, indicating potential strategic alignment[9] Inventory and Receivables - Accounts receivable surged by 702.44% to ¥3.88 billion from ¥483.78 million, primarily due to increased sales from the 20 million tons/year refining integration project[10] - The company's inventory decreased to ¥15.43 billion from ¥18.48 billion, indicating improved inventory management[15] - Other receivables decreased to ¥133.86 million from ¥2.30 billion, indicating a decline of approximately 94.2%[18] Financial Expenses - The company reported a 71.69% increase in financial expenses, primarily due to higher interest expenses[12] - The company’s financial expenses for Q3 2019 were ¥1,173,745,442.84, significantly higher than ¥423,591,978.78 in Q3 2018, reflecting an increase of approximately 177%[22] Investments - The company has made significant investments in new projects, including the ethylene project and PTA projects, leading to increased cash outflows from investing activities[12] - The company has ongoing construction projects valued at ¥46,007,545,914.76, indicating future growth potential[35]