SCC(SH:600740)2019-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 30.14% to CNY 899.32 million year-on-year[17] - Operating income for the first nine months increased by 0.89% to CNY 5.25 billion compared to the same period last year[17] - Basic earnings per share decreased by 43.90% to CNY 0.5969 compared to the previous year[17] - The weighted average return on net assets decreased by 37.14 percentage points to 9.23%[17] - The net profit attributable to shareholders decreased by 30.14% to CNY 899,322,494.50, attributed to rising raw material prices and declining product prices[30] - Net profit for Q3 2019 reached CNY 123,480,698.49, compared to CNY 464,272,993.77 in Q3 2018, reflecting a significant decrease of approximately 73.4%[53] - The company reported a total comprehensive income of approximately ¥123.48 million for Q3 2019, a decrease from ¥464.27 million in Q3 2018[58] Assets and Liabilities - Total assets increased by 6.67% to CNY 21.54 billion compared to the end of the previous year[17] - Current assets totaled approximately ¥6.31 billion, a decrease from ¥6.65 billion in the previous year, reflecting a decline of about 5.01%[39] - Long-term equity investments increased to approximately ¥9.01 billion from ¥7.43 billion, marking a growth of about 21.29%[39] - Total liabilities reached approximately ¥10.45 billion, slightly up from ¥10.41 billion, showing a marginal increase of about 0.38%[41] - The company's equity attributable to shareholders increased to approximately ¥10.57 billion from ¥9.23 billion, reflecting a growth of about 14.49%[41] - Total liabilities decreased slightly to CNY 9,206,229,143.07 from CNY 9,278,341,964.55, indicating a reduction of about 0.8%[50] Cash Flow - Net cash flow from operating activities decreased by 46.31% to CNY 73.72 million year-to-date[17] - The company reported a net cash flow from operating activities of CNY 73,718,774.34, down 46.31% compared to the previous year[30] - Cash inflow from operating activities totaled CNY 5,171,057,491.40, slightly lower than CNY 5,194,582,031.19 in the previous year[66] - The net cash flow from investing activities was -CNY 731,811,254.52, a decrease from -CNY 204,170,198.11 year-over-year[66] - Cash inflow from financing activities amounted to CNY 3,387,982,147.34, significantly higher than CNY 1,701,900,000.00 in the previous year[66] Investments and Expenses - Research and development expenses increased by 121.56% to CNY 40,040,824.62, reflecting an increase in R&D projects during the reporting period[30] - Research and development expenses in Q3 2019 amounted to CNY 39,447,002.17, a substantial increase from CNY 6,971,519.16 in Q3 2018, marking an increase of about 466.5%[50] - Investment income increased by 58.33% to CNY 1,479,097,768.29, driven by new financial instrument accounting policies[30] - Investment income for Q3 2019 was CNY 376,115,733.56, compared to CNY 320,374,538.58 in Q3 2018, showing an increase of about 17.4%[53] Shareholder Information - The largest shareholder, Shanxi Coking Group Co., Ltd., holds 51.14% of the shares[24] - The company completed a non-public offering, raising CNY 639,999,974.60, with net proceeds of CNY 631,385,574.94 allocated to a designated account[33] Operational Highlights - There were no significant mergers or acquisitions reported during this period[17] - The company has not disclosed any new product developments or market expansion strategies in this report[17] - The company plans to extend the coking time to 48 hours as per environmental protection requirements[33]