SHANGHAI ENERGY(SH:600508)2019-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 11.68% to CNY 668,134,684.48 year-on-year[18] - Operating income rose by 7.32% to CNY 5,566,931,743.87 for the period from January to September[18] - The company reported a decrease in net profit excluding non-recurring items by 13.79% to CNY 657,558,808.46[20] - Basic earnings per share decreased by 12.38% to CNY 0.92[20] - The total operating profit for the first three quarters of 2019 was ¥821,332,264.62, down from ¥995,276,297.45 in the same period of 2018, a decrease of 17.5%[62] - Net profit for Q3 2019 was ¥167,583,349.53, compared to ¥143,755,489.58 in Q3 2018, representing a growth of 16.5%[62] - The company's total comprehensive income for Q3 2019 was reported at -¥865,462.43, an improvement from -¥2,630,037.80 in Q3 2018[55] - The net profit for Q3 2019 reached ¥100,657,420.56, a significant recovery from a net loss of ¥69,635,149.67 in Q3 2018[72] Assets and Liabilities - Total assets increased by 14.98% to CNY 17,100,937,642.26 compared to the end of the previous year[18] - Current assets totaled approximately ¥3.40 billion, an increase of 20.8% from ¥2.82 billion in the previous year[41] - Non-current assets amounted to ¥13.70 billion, a rise of 13.6% from ¥12.06 billion year-over-year[45] - Total liabilities amounted to ¥7.03 billion, reflecting a growth of 35% compared to ¥5.20 billion in the previous year[47] - Current liabilities increased to ¥5.25 billion, a 14% rise from ¥4.60 billion year-over-year[47] - The total assets increased to ¥16,177,939,283.42 in the current period from ¥12,898,967,345.38 in the previous period, marking a growth of 25.5%[53] - Total liabilities rose to ¥7,180,740,917.04, up from ¥4,129,253,318.72, indicating a significant increase of 74.5%[53] Cash Flow - Net cash flow from operating activities increased by 51.52% to CNY 1,852,616,383.72 compared to the same period last year[18] - Cash inflow from operating activities totaled ¥6,457,420,293.13, compared to ¥5,916,831,352.93 in the previous year, reflecting a growth of 9.1%[81] - Cash outflow from operating activities was ¥4,604,803,909.41, slightly down from ¥4,694,104,048.97 in the previous year[81] - The net cash flow from investing activities was -¥859,020,306.84, an improvement from -¥911,026,762.00 in the same period last year[82] - Cash inflow from financing activities was ¥885,000,000.00, with a net cash flow from financing activities of ¥257,856,838.06, compared to a negative cash flow of -¥252,151,575.07 last year[83] Shareholder Information - The total number of shareholders at the end of the reporting period was 451,191,33, with the largest shareholder holding 62.43%[26] - Shareholders' equity totaled approximately ¥10.08 billion, an increase of 4.2% from ¥9.67 billion year-over-year[47] Operational Highlights - The company produced 5.8194 million tons of self-produced coal, 3.7467 million tons of washed coal, and generated 2.627 billion kWh of electricity in the first three quarters of 2019[29] - The company closed several power generation units with a total installed capacity of 324MW, which is not expected to significantly impact its electricity business[31] - The company plans to properly dispose of the assets of the closed units in the next steps[31] Research and Development - Research and development expenses for Q3 2019 were ¥1,993,533.58, compared to ¥455,266.59 in Q3 2018, showing a substantial increase of 338.5%[59] - Research and development expenses increased to ¥1,993,533.58 in Q3 2019, up from ¥455,266.59 in Q3 2018, indicating a focus on innovation[70] Financial Management - The company reported a significant increase in financial expenses by 43.31% to ¥103,005,740.82, mainly due to new leasing standards and increased bill discounting[35] - The financial expenses for Q3 2019 were ¥8,232,711.93, a decrease from ¥10,266,089.90 in Q3 2018, indicating improved cost management[70]