*ST金山(600396) - 2019 Q3 - 季度财报

Financial Performance - Operating income for the first nine months was CNY 5,314,283,619.68, down 1.70% year-on-year [7]. - Net profit attributable to shareholders was a loss of CNY 49,048,085.86, an improvement of 88.71% compared to the same period last year [7]. - The weighted average return on equity improved to -2.53%, an increase of 14.99 percentage points from -17.52% [8]. - Investment income increased by ¥101.26 million, a growth of 632.93%, mainly due to the recognition of net profit share from joint ventures [15]. - Operating profit increased by ¥409.36 million, a growth of 84.62%, driven by an increase in the marginal contribution rate of power generation and heating [15]. - Net profit attributable to the parent company increased by ¥385.52 million, an increase of 88.71%, primarily due to the increase in operating profit [15]. - The company reported a net loss of CNY 1.03 billion compared to a loss of CNY 987.39 million in the previous period [26]. - Net loss for Q3 2019 was CNY 54,436,027.60, compared to a net loss of CNY 275,469,372.40 in Q3 2018, indicating an improvement of 80.3% [32]. - The company reported an operating profit of CNY -67,239,675.92 for Q3 2019, an improvement from CNY -270,392,918.44 in Q3 2018 [32]. - The company reported a total operating profit of -73,327,007.04 CNY for Q3 2019, an improvement from -102,925,401.57 CNY in Q3 2018, reflecting a year-over-year improvement of about 29% [35]. Cash Flow - The net cash flow from operating activities increased by 111.30% to CNY 1,092,300,126.99 for the first nine months [7]. - Cash flow from operating activities increased by ¥575.37 million, a growth of 111.30%, mainly due to a decrease in coal procurement volume and a reduction in VAT rates [16]. - Cash flow from investment activities increased by ¥260.06 million, a growth of 49.73%, primarily due to reduced capital expenditure on infrastructure investments [17]. - Cash flow from financing activities decreased by ¥1.34 billion, a reduction of 393.85%, mainly due to an increase in loan repayments [18]. - Cash flow from operating activities for the first three quarters of 2019 was CNY 1,395,894,484.97, a significant increase from CNY 572,506,944.68 in the same period of 2018, representing an increase of approximately 143.5% [39]. - Cash inflow from financing activities was CNY 2,720,000,000.00, compared to CNY 3,050,000,000.00 in the same period of 2018, reflecting a decrease of approximately 10.8% [40]. - Net cash flow from financing activities was negative at CNY -75,367,266.56, contrasting with a positive inflow of CNY 187,593,674.96 in Q3 2018 [40]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 20,053,664,893.27, a decrease of 0.26% compared to the end of the previous year [7]. - Total liabilities increased slightly to CNY 17.62 billion from CNY 17.60 billion year-over-year [26]. - Current assets decreased to CNY 583.27 million from CNY 639.56 million, a decline of approximately 8.8% [28]. - Long-term investments rose to CNY 4.22 billion from CNY 4.04 billion, an increase of about 4.4% [28]. - Short-term borrowings increased to CNY 3.36 billion from CNY 3.19 billion, reflecting a growth of approximately 5.2% [30]. - Total equity decreased to CNY 2.43 billion from CNY 2.50 billion, a decline of about 2.8% [26]. - The company’s total assets decreased to CNY 7.10 billion from CNY 7.16 billion, a reduction of approximately 0.8% [30]. - Non-current liabilities decreased to CNY 5.83 billion from CNY 6.30 billion, a decline of about 7.5% [26]. - The total assets of the company stood at CNY 20,106,044,859.29, remaining stable compared to the previous reporting period [42]. - Total liabilities amounted to ¥17,603,323,664.35, with non-current liabilities totaling ¥6,301,858,417.97 [43]. Shareholder Information - The number of shareholders at the end of the reporting period was 66,662 [10]. - The top three shareholders held a combined 58.60% of the shares, with Huadian Energy holding 20.92% [10]. - The company is in the process of signing a share transfer agreement for the sale of equity in its subsidiaries, which has been approved by the shareholders [19]. Inventory and Receivables - The company recorded a decrease in other receivables by 75.95%, amounting to a reduction of CNY 44,039,600, due to the recovery of funds related to the separation and transfer of "three supplies and one industry" [13]. - Accounts payable increased by ¥444.53 million, a growth of 30.13%, mainly due to increased construction payables from wind power projects and rising coal payables [14]. - Prepayments decreased by ¥235.37 million, a reduction of 67.22%, primarily due to the recognition of pre-collected heating fees as revenue [14]. - Inventory levels decreased to CNY 20.40 million from CNY 23.70 million, a decline of about 13.0% [28]. - Accounts receivable stood at ¥97,692,502.34, and other receivables were ¥339,422,505.79, including receivable dividends of ¥237,938,254.74 [46].