SDHS(SH:600350)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 1.34 billion, a decrease of 37.92% year-on-year[6]. - Operating revenue for the period was CNY 7.58 billion, down 4.97% from the previous year[6]. - Basic earnings per share were CNY 0.278, a decrease of 37.81% year-on-year[6]. - The weighted average return on equity decreased by 2.45 percentage points to 4.03%[6]. - The company reported a decrease in undistributed profits to ¥17,542,788,602.94 from ¥18,381,877,261.99, a decline of approximately 4.6%[20]. - The total profit for Q3 2020 was CNY 1,396,367,469.51, compared to CNY 1,076,013,141.07 in Q3 2019, representing an increase of approximately 29.8%[31]. - The net profit for the first three quarters of 2020 was CNY 1,741,612,354.89, compared to CNY 1,822,410,941.19 in the same period of 2019, showing a decline of approximately 4.4%[31]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 91.99 billion, an increase of 4.58% compared to the end of the previous year[5]. - Total assets increased to ¥91,994,788,010.88 from ¥87,969,945,006.57, representing a growth of approximately 3.3% year-over-year[21]. - The company’s total liabilities increased, with current liabilities accounting for 4.10% of total assets, up from 2.75% year-on-year, indicating a 65.03% rise in short-term liabilities[13]. - Total liabilities increased to ¥57,115,168,622.79 from ¥50,567,263,997.63, reflecting a growth of about 12.1%[20]. - Current liabilities rose to ¥18,842,127,672.81, up from ¥14,731,838,506.50, indicating an increase of about 27.6%[20]. - Non-current assets totaled ¥81,410,604,954.24, compared to ¥76,940,054,433.78, reflecting a growth of approximately 5.7%[20]. Cash Flow - Net cash flow from operating activities was CNY 3.32 billion, a decline of 10.55% compared to the same period last year[5]. - Operating cash inflow for the first three quarters of 2020 was CNY 10,086,228,328.82, an increase of 3.1% compared to CNY 9,781,803,734.90 in the same period of 2019[33]. - Cash inflow from investment activities totaled CNY 3,221,952,290.44, up from CNY 2,074,172,618.19 in the previous year, marking a 55.2% increase[34]. - Cash outflow for purchasing fixed assets and other long-term assets was CNY 4,372,419,102.39, significantly lower than CNY 6,258,648,288.01 in the same period last year, a reduction of 30.1%[34]. - Cash inflow from financing activities was CNY 15,796,674,799.87, compared to CNY 17,062,154,048.21 in the previous year, a decrease of 7.4%[34]. - Net cash flow from financing activities improved to CNY 4,435,102,937.68 from CNY 2,513,232,682.22, an increase of 76.3% year-over-year[34]. Shareholder Information - The total number of shareholders at the end of the reporting period was 45,158[10]. - The largest shareholder, Shandong Expressway Group Co., Ltd., held 59.67% of the shares, with 977 million shares pledged[10]. Research and Development - The company reported a 352.49% increase in R&D expenses, totaling RMB 51,849,119.53, due to increased investment in research projects[15]. - Research and development expenses for Q3 2020 were approximately ¥38.12 million, significantly higher than ¥6.85 million in Q3 2019, marking an increase of 455.73%[25]. - Research and development expenses for Q3 2020 amounted to CNY 7,644,829.75, significantly higher than CNY 518,600.00 in Q3 2019, marking an increase of approximately 1,375.5%[30]. Other Income and Expenses - The company reported non-operating income from government subsidies amounting to CNY 13.62 million[7]. - The company’s other income increased significantly by 600.04%, totaling RMB 47,469,390.16, mainly from government subsidies received[15]. - The company reported a credit impairment loss of RMB -73,873,541.14, a 303.99% increase compared to the previous year, indicating higher bad debt provisions[15]. - The financial expenses for Q3 2020 were approximately ¥371.77 million, an increase from ¥322.29 million in Q3 2019, reflecting a rise of 15.32%[26].