安源煤业(600397) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months increased by 33.25% to CNY 5,322,313,364.04 compared to the same period last year[6] - Net profit attributable to shareholders was a loss of CNY 224,879,545.13, a decrease of 162.26% compared to the same period last year[6] - Basic earnings per share decreased by 162.36% to CNY -0.2272 compared to the same period last year[6] - Total profit for the first three quarters of 2020 was a loss of ¥225,040,453.50, worsening from a loss of ¥91,713,473.97 in the same period of 2019[27] - The net profit attributable to shareholders of the parent company decreased by 162.37% to -¥224,879,545.13 from -¥85,747,696.73, largely due to significant declines in production and sales[12] - Net profit for Q3 2020 was a loss of ¥144,686,694.59, compared to a loss of ¥99,275,808.74 in Q3 2019, reflecting a deterioration in profitability[27] - The total comprehensive income for the first three quarters of 2020 was ¥2,852.34 million, down from ¥6,762.18 million in the same period of 2019, reflecting a decrease of about 57.8%[30] Assets and Liabilities - Total assets increased by 17.81% to CNY 7,789,697,644.82 compared to the end of the previous year[6] - Total liabilities increased to CNY 7,276,381,997.86 in Q3 2020, up from CNY 5,868,554,176.89 in Q3 2019, representing a growth of approximately 24%[18] - Current liabilities totaled CNY 6,455,759,899.26, an increase of 27% from CNY 5,101,824,985.87 in the previous year[18] - The company's total assets reached CNY 7,789,697,644.82, compared to CNY 6,612,208,569.47 in the previous year, marking an increase of about 18%[19] - Total liabilities amounted to CNY 5,868,554,176.89, with current liabilities at CNY 5,101,824,985.87 and non-current liabilities at CNY 766,729,191.02[37] - The company’s total liabilities included short-term borrowings of 2,302,080,000.00 RMB and accounts payable of 476,075,031.97 RMB[36] Cash Flow - Cash flow from operating activities decreased by 55.05% to CNY 31,741,869.81 compared to the same period last year[6] - Net cash flow from operating activities decreased by 55.05% to ¥31,741,869.81 from ¥70,614,652.13, primarily due to reduced cash recovery from sales[13] - Cash flow from financing activities generated a net cash inflow of 360,754,766.68 RMB, compared to a net outflow of -54,981,363.41 RMB in the previous year[34] - The total cash inflow from financing activities in the first three quarters of 2020 was ¥2,930.03 million, an increase from ¥1,982.98 million in the same period of 2019, reflecting a growth of approximately 47.8%[32] Shareholder Information - The total number of shareholders was 53,936 at the end of the reporting period[10] - The largest shareholder, Jiangxi Energy Group Co., Ltd., held 39.34% of the shares[10] - The equity attributable to shareholders decreased to CNY 631,640,334.25 from CNY 854,687,638.75, a decline of approximately 26%[19] - The company’s total equity attributable to shareholders was CNY 854,687,638.75[37] Operational Costs and Expenses - Total operating costs for Q3 2020 were ¥2,671,257,492.04, up 81.3% from ¥1,474,633,611.06 in Q3 2019[26] - The company reported a total operating cost of ¥5,484,762,907.77 for the first three quarters of 2020, up 34.9% from ¥4,066,251,180.03 in the same period of 2019[26] - The company incurred interest expenses of ¥77,326.84 million in the first three quarters of 2020, compared to ¥71,107.91 million in the same period of 2019, indicating an increase of about 8.5%[29] - The company’s management expenses for the first three quarters of 2020 were ¥2,862.59 million, up from ¥2,350.37 million in the same period of 2019, representing an increase of approximately 21.7%[29] Other Financial Metrics - Non-recurring gains and losses included a loss of CNY 70,639,620.77 for the year-to-date period[7] - The company had a weighted average return on equity of -30.30%, a decrease of 19.77 percentage points compared to the same period last year[6] - Other income increased by 210.41% to ¥17,504,323.36 from ¥5,639,095.53, primarily due to higher government subsidies received[12] - Research and development expenses in Q3 2020 were ¥214,706.14, a decrease of 86.6% from ¥1,604,993.06 in Q3 2019, indicating a potential reduction in innovation efforts[26]