ST洲际(600759) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months was CNY 1,236,977,616.48, down 38.00% year-on-year[18] - Net profit attributable to shareholders was a loss of CNY 184,042,467.54, a decrease of 544.20% compared to the same period last year[18] - Basic earnings per share were CNY -0.0813, a decline of 544.26% year-on-year[18] - The company reported a revenue of 123,697.76 million CNY for the first three quarters of 2020, a decrease of 38.00% compared to the same period last year, primarily due to the decline in oil prices and the impact of the COVID-19 pandemic[34] - The net profit attributable to the parent company for the first three quarters was -18,404.25 million CNY, reflecting a significant decrease in both revenue and profit compared to the previous year[34] - The company achieved an operating income of 48,831.90 million CNY in Q3 2020, with a total profit of 3,152.75 million CNY, and a net profit attributable to the parent company of -2,229.79 million CNY[34] - Total operating revenue for Q3 2020 was approximately ¥488.32 million, a decrease of 25.5% compared to ¥654.93 million in Q3 2019[57] - Net loss for the first three quarters of 2020 was approximately ¥608.84 million, compared to a net loss of ¥390.63 million in the same period of 2019[57] - The company's total comprehensive income for Q3 2020 was -¥85,305,477.59, compared to ¥95,256,984.21 in Q3 2019[62] - The basic earnings per share for Q3 2020 was -0.0099, down from 0.0048 in Q3 2019[62] Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,373,069,885.01, a decrease of 5.03% compared to the end of the previous year[18] - As of September 30, 2020, the company's total assets were 1,337,306.99 million CNY, a decrease of 5.03% from the beginning of the year, while the equity attributable to the parent company was 514,427.68 million CNY, down 4.10%[34] - Current assets amounted to CNY 776,023,150.40, down from CNY 1,145,862,613.05 in the previous year[46] - The total liabilities decreased to CNY 7,975,971,060.79 from CNY 8,486,503,176.12 compared to the previous year[50] - The company has a long-term debt of CNY 1,264,124,812.50, down from CNY 1,645,156,544.39 in the previous year[50] - Total liabilities increased to approximately ¥5.24 billion as of September 30, 2020, compared to ¥4.96 billion at the end of 2019[55] - The company's total equity decreased to approximately ¥4.16 billion as of September 30, 2020, down from ¥4.38 billion at the end of 2019[57] Cash Flow - Net cash flow from operating activities for the first nine months was CNY 420,478,407.23, a slight decrease of 0.35% compared to the previous year[18] - Cash inflow from operating activities totaled 1,381,920,386.50 CNY, compared to 2,153,166,228.75 CNY in the previous year, indicating a decline of approximately 36%[72] - Cash outflow from operating activities was 961,441,979.27 CNY, down from 1,731,226,942.45 CNY in the previous year, reflecting a reduction of about 44%[72] - The net cash flow from investing activities was -70,825,524.59 CNY, an improvement from -188,247,666.33 CNY year-over-year[74] - Cash flow from financing activities showed a net outflow of -227,840,924.63 CNY, compared to -253,077,605.80 CNY in the previous year[74] - The ending balance of cash and cash equivalents was 198,534,092.24 CNY, up from 96,240,676.42 CNY in the previous year[74] - The company paid 397,241,590.17 CNY in taxes, down from 934,118,139.21 CNY in the previous year, indicating a reduction of approximately 57%[72] Shareholder Information - The total number of shareholders at the end of the reporting period was 79,191[22] - The largest shareholder, Guangxi Zhenghe Industrial Group Co., Ltd., held 29.38% of the shares, totaling 665,081,232 shares[22] Government Support and Legal Issues - The company received government subsidies amounting to CNY 2,160,030.05 for the year-to-date[21] - The company is actively pursuing litigation related to corporate loan disputes, which may impact its financial position[38] - The company has ongoing legal disputes, including a loan repayment of CNY 50 million and interest to Guoding Sheng[39] - The company is also required to repay CNY 55,491,986.3 and interest to Rongyida, as per an arbitration ruling[39] Operational Adjustments - The company has implemented cost reduction and efficiency improvement measures to maintain stable production amidst the challenges posed by the pandemic and low oil prices[34] - The company has postponed some non-urgent capital expenditures and optimized production management to adapt to the current market conditions[34]