SPC(SH:600688)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders was CNY -642,219, representing a decline of 138.41% year-on-year[5]. - Operating revenue for the first nine months was CNY 54,953,968, down 27.09% from the same period last year[5]. - The company's net profit for the third quarter of 2020 was a loss of CNY 632,549,000, representing a decline of 136.94% compared to a profit of CNY 1,712,502,000 in the same quarter of 2019[13]. - Basic earnings per share were CNY -0.059, a decrease of 140.97% year-on-year[5]. - Total operating revenue for Q3 2020 was CNY 19,290,616 thousand, a decrease of 17.8% compared to CNY 23,377,016 thousand in Q3 2019[20]. - The company reported a significant reduction in cash and cash equivalents, which decreased to CNY 3,113,935 thousand from CNY 7,263,279 thousand year-over-year[17]. - The total comprehensive income for Q3 2020 was CNY 957,963 thousand, compared to CNY 414,214 thousand in Q3 2019, showing a positive trend[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 44,941,275, a decrease of 1.52% compared to the end of the previous year[5]. - The total assets as of September 30, 2020, were CNY 44,941,275,000, a slight decrease from CNY 45,636,128,000 at the end of 2019[15]. - The company’s total liabilities as of September 30, 2020, were CNY 27,553,425,000, reflecting a decrease from CNY 28,309,163,000 at the end of 2019[15]. - Current liabilities totaled CNY 15,358,975 thousand, up from CNY 13,593,431 thousand in the previous year, indicating a 13% increase[19]. - The total liabilities increased to CNY 15,487,062 thousand from CNY 13,732,296 thousand, marking an increase of 12.8%[19]. - The company's equity attributable to shareholders decreased to CNY 27,364,401 thousand from CNY 29,510,906 thousand, a decline of 7.3%[19]. Cash Flow - The net cash flow from operating activities was CNY -2,114,789, an increase of 410.04% compared to the previous year[5]. - The cash flow from operating activities showed a net outflow of CNY 2,114,789,000, a 410.04% increase in outflow compared to CNY -414,628,000 in the same period last year[13]. - The net cash flow from financing activities improved to 3,139,939 thousand, compared to a negative (2,240,618) thousand in the same period last year[27]. - Cash inflow from financing activities totaled 6,396,576 thousand, an increase from 3,700,000 thousand year-over-year[27]. - The cash outflow from financing activities decreased to 3,256,637 thousand from 5,940,618 thousand year-over-year[27]. - The cash and cash equivalents net decrease was (3,645,175) thousand, an improvement from (5,841,930) thousand in the previous year[27]. Research and Development - The company reported a significant increase in research and development expenses, which rose by 99.98% to CNY 56,596,000, driven by increased investment in carbon fiber research projects[12]. - Research and development expenses for Q3 2020 were CNY 11,068 thousand, an increase from CNY 7,922 thousand in Q3 2019, reflecting a 39% rise[20]. - Research and development expenses for Q3 2020 were CNY 7,926 thousand, up from CNY 5,823 thousand in Q3 2019, indicating a focus on innovation[22]. Shareholder Information - The total number of shareholders at the end of the reporting period was 92,829[7]. - The largest shareholder, Sinopec Limited, held 50.44% of the shares[7].