*ST金山(600396) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders reached CNY 1,773,906.68, a significant recovery from a loss of CNY 49,048,085.86 in the same period last year[6] - Operating revenue decreased by 2.35% to CNY 5,189,137,786.50 compared to the same period last year[6] - The company reported a net loss of CNY 365,730,206.80 for the period, compared to a loss of CNY 212,137,024.32 in the same period last year[30] - The total profit for Q3 2020 was a loss of ¥133.24 million, compared to a loss of ¥66.75 million in Q3 2019, reflecting a significant decline[34] - The company's operating revenue for Q3 2020 was approximately ¥421.96 million, a 39.8% increase from ¥301.78 million in Q3 2019[37] - The net profit for Q3 2020 was a loss of ¥105.62 million, compared to a loss of ¥54.44 million in Q3 2019, indicating a worsening performance[34] Assets and Liabilities - Total assets increased by 4.37% to CNY 20,149,642,285.70 compared to the end of the previous year[6] - Total liabilities increased to 17.8051 billion yuan from 16.9454 billion yuan year-over-year[26] - The company's total liabilities reached CNY 5,201,283,511.48, up from CNY 4,461,927,060.42, representing an increase of about 16.6%[29] - Total current assets amounted to CNY 2,114,703,991.83 as of Q3 2020, reflecting a stable liquidity position[48] - The company reported total non-current assets of CNY 17,190,487,774.54, contributing to a total asset value of CNY 19,305,191,766.37[48] - Short-term borrowings reached CNY 6,670,909,861.68, indicating a significant reliance on short-term financing[48] Cash Flow - Cash flow from operating activities decreased by 38.43% to CNY 672,531,085.43 compared to the same period last year[6] - Net cash flow from operating activities decreased by 419.769 million yuan, a decline of 38.43%, mainly due to reduced cash inflow from electricity sales and a decrease in power generation[17] - Cash flow from investing activities decreased by 625.6125 million yuan, a decline of 238.01%, due to accelerated spending on renewable energy project construction[18] - Cash inflow from financing activities in the first three quarters of 2020 was ¥9,474,224,492.40, an increase of 31.0% from ¥7,238,097,060.22 in 2019[42] - The net cash flow from financing activities for the first three quarters of 2020 was ¥586,547,978.84, a significant improvement from a net outflow of ¥1,000,530,522.02 in 2019[42] Investments and Expenditures - The company’s construction in progress increased by 88.03% to CNY 68,491.13 million, reflecting ongoing investments in renewable energy projects[12] - Cash paid for the acquisition of fixed assets increased by 554.3366 million yuan, a rise of 169.72%, attributed to increased expenditures on wind power renewable energy projects[18] - Investment income decreased by 134.89% to CNY -11,501.23 million, mainly due to reduced production and sales at a joint venture[14] - Long-term investments increased to CNY 4,591,229,343.15 from CNY 4,374,312,376.35, indicating a growth of about 5%[28] Inventory and Receivables - The company’s inventory increased by 75.59% to CNY 15,067.04 million due to higher coal stock levels[11] - Other receivables increased by 36.46% to CNY 2,671,600.00, primarily due to heating guarantee deposits paid during the reporting period[11] - The company reported a significant amount of accounts receivable at CNY 920,383,903.72, highlighting potential cash flow challenges[48] - The total amount of other receivables was CNY 351,132,104.82, which includes interest and dividend receivables[51] Equity and Earnings - The total equity decreased to CNY 2,740,947,212.82 from CNY 2,893,942,515.58, a decline of approximately 5.3%[30] - Owner's equity totaled approximately $2.89 billion, with paid-in capital at $1.47 billion and capital reserves at $1.50 billion[52] - The company reported an undistributed profit of approximately -$212.14 million, indicating a loss in retained earnings[52] Tax and Other Income - Income tax expenses decreased by 21.8528 million yuan, a reduction of 373.71%, primarily because the company's Dandong subsidiary recognized deferred tax assets for potentially deductible unutilized losses[16] - The company reported a significant increase in other income by 86.57% to CNY 1,011.42 million, attributed to increased employment subsidies received[14] - Cash received from tax refunds increased by 1.6198 million yuan, a growth of 92.81%, due to increased refunds for property tax, land use tax, and VAT[17]