大连热电(600719) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months was CNY 499,826,595.33, reflecting a year-on-year increase of 1.27%[6] - Net profit attributable to shareholders was CNY -22,992,801.59, showing an improvement of 32.24% compared to the same period last year[6] - The weighted average return on net assets increased by 1.57 percentage points to -3.21%[6] - Total revenue for Q3 2019 reached ¥18,306,082.36, compared to ¥9,397,555.98 in Q3 2018, representing a year-over-year increase of 94.5%[28] - The company reported a net profit of ¥26,196,664.17 for Q3 2019, down from ¥45,975,348.22 in Q3 2018, reflecting a decrease of 43.1%[27] - The total profit for Q3 2019 was a loss of ¥45,290,040.63, which is an increase in loss compared to ¥51,336,373.19 in Q3 2018[30] - The net profit for Q3 2019 was a loss of ¥39,424,032.39, compared to a loss of ¥45,733,954.32 in the same period last year, indicating a reduction in losses of approximately 13.5%[31] - The total operating profit for Q3 2019 was -43,132,287.31 RMB, compared to -50,454,410.74 RMB in Q3 2018, indicating a year-over-year improvement of about 14.5%[34] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,093,571,787.67, an increase of 1.40% compared to the end of the previous year[6] - Total liabilities increased to CNY 1.39 billion from CNY 1.34 billion, indicating a rise in financial obligations[23] - The company's total assets reached CNY 2.09 billion, slightly up from CNY 2.06 billion[23] - The company's total assets as of Q3 2019 amounted to ¥1,994,080,679.40, compared to ¥1,950,965,062.58 at the end of Q3 2018, showing an increase of 2.2%[26] - Current liabilities totaled ¥1,062,950,892.68 in Q3 2019, down from ¥1,130,056,591.81 in Q3 2018, a decrease of 6.0%[27] - Long-term borrowings increased to ¥230,000,000.00 in Q3 2019 from ¥100,000,000.00 in Q3 2018, marking a significant rise of 130.0%[27] - Total current liabilities were CNY 1,130,056,591.81 as of the third quarter of 2019[48] - Total liabilities amounted to CNY 1,336,230,146.36, with current liabilities at CNY 1,211,485,887.35[51] Cash Flow - Cash flow from operating activities improved to CNY -49,706,984.78, a reduction of 82.94% in losses compared to the previous year[6] - Net cash flow from operating activities improved by 82.94% to CNY -4.97 million from CNY -29.13 million, mainly due to reduced cash payments for raw material purchases[19] - Cash flow from operating activities for the first nine months of 2019 was -49,706,984.78 RMB, an improvement from -291,308,830.34 RMB in the same period of 2018[37] - The cash outflow for purchasing goods and services in Q3 2019 was 281,613,464.90 RMB, significantly lower than 515,727,700.71 RMB in Q3 2018, indicating a reduction of approximately 45.4%[37] - The total cash and cash equivalents at the end of Q3 2019 were 41,588,761.59 RMB, down from 49,525,887.77 RMB at the end of Q3 2018, a decrease of approximately 16.0%[38] Shareholder Information - The company had a total of 20,510 shareholders at the end of the reporting period[9] - The top shareholder, Dalian Thermal Power Group Co., Ltd., held 32.91% of the shares, with 16 million shares frozen[9] Operational Metrics - Electricity generation for Q3 2019 was 1,452 million kWh, an increase of 633 million kWh year-on-year[11] - Steam sales volume in Q3 2019 reached 60,563 tons, a significant increase of 37,945 tons compared to Q3 2018[12] - The East China Power Plant operated for an additional 20 days compared to the previous year, contributing to increased electricity and steam output[11] Cost and Expenses - Total operating costs for Q3 2019 were ¥63,516,625.57, up from ¥60,372,880.49 in Q3 2018, indicating a rise of 3.6%[28] - The company's operating costs for Q3 2019 were ¥47,473,867.17, up from ¥42,968,439.59 in Q3 2018, reflecting an increase of 11.7%[32] - Financial expenses increased by 45.36% to CNY 737,000 from CNY 507,000, influenced by increased borrowings[18] - The financial expenses for Q3 2019 were ¥3,146,150.18, slightly up from ¥3,119,569.89 in Q3 2018[32] Investment and Development - The company invested 195,796,708.16 RMB in fixed assets during the first three quarters of 2019, significantly higher than 90,628,872.67 RMB in the same period of 2018[39] - Research and development expenses were not specified in the report, indicating a potential area for future investment focus[32] - The company has not reported any new product launches or technological advancements in this quarter, suggesting a need for strategic development in these areas[32]