DTPC(SH:600719)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 35.11% to CNY -31,064,553.15 for the first nine months of the year[6] - Operating revenue declined by 14.12% to CNY 429,256,897.32 year-on-year[6] - The company's net profit for Q3 2020 was -42,555,646.17 RMB, compared to -39,424,032.39 RMB in Q3 2019, indicating a year-over-year decline of approximately 5.4%[31] - Total revenue for Q3 2020 was CNY 1,392,199.82, a decrease from CNY 18,306,082.36 in Q3 2019[29] - The company's total profit for Q3 2020 was -46,133,037.50 RMB, compared to -43,133,695.55 RMB in Q3 2019, showing an increase in losses of about 6.9%[33] - The company reported a credit impairment loss of 244,387.60 RMB in Q3 2020, compared to a reversal of -212,649.69 RMB in Q3 2019, indicating a shift towards increased credit risk[33] Cash Flow - Cash flow from operating activities showed a significant decrease of 271.31%, amounting to CNY -184,567,668.49[6] - The net cash flow from operating activities was negative CNY 184.57 million, a decrease of 271.29% compared to the same period last year[17] - The net cash flow from financing activities increased by 155.69% to CNY 562.83 million, driven by increased borrowings for engineering projects[17] - The net cash flow from operating activities for the third quarter was -184,567,668.49 RMB, compared to -49,706,984.78 RMB in the same period last year, indicating a significant decline[37] - Total cash inflow from operating activities was 328,839,651.12 RMB, while cash outflow was 513,407,319.61 RMB, resulting in a net cash flow deficit[37] Assets and Liabilities - Total assets increased by 11.96% to CNY 2,531,204,644.31 compared to the end of the previous year[6] - Total liabilities increased to CNY 1.83 billion from CNY 1.52 billion at the end of 2019[23] - Current assets totaled CNY 834.48 million, up from CNY 663.55 million at the end of 2019[21] - Total non-current assets reached CNY 1,597,331,848.25, including fixed assets of CNY 1,288,174,795.52[43] - Total liabilities rose to CNY 1,753,229,309.62 in Q3 2020, compared to CNY 1,424,673,685.17 in Q3 2019[26] Shareholder Information - The number of shareholders reached 19,195 at the end of the reporting period[9] - The equity attributable to shareholders decreased to CNY 702.89 million from CNY 737.60 million at the end of 2019[23] - Shareholders' equity totaled approximately $730.09 million, with paid-in capital at $404.60 million[49] Borrowings and Financing - Long-term borrowings increased by 279.07% to CNY 86,920,000 due to new project financing[14] - Short-term borrowings increased to CNY 614,000,000.00 from CNY 550,000,000.00 in Q3 2019[26] - The company raised 1,254,000,000.00 RMB through borrowings, compared to 830,000,000.00 RMB in the same period last year, reflecting a 51% increase in financing activities[38] Inventory and Accounts Receivable - Inventory increased by 87.74% to CNY 12,539,000, reflecting higher coal reserves[14] - The company reported a significant drop in accounts receivable by 78.87% to CNY 1,401,000, indicating improved cash collection[14] - Accounts receivable stood at CNY 66,295,814.40, while inventory was valued at CNY 66,794,104.01[43] Management and Strategy - The company has not reported any new product developments or market expansions in this quarter[12] - The company is focusing on market expansion and new product development strategies to enhance growth prospects[46] - Future guidance indicates a commitment to maintaining strong liquidity and managing debt levels effectively[46]