XCEC(SH:600777)2019-10-28 16:00Financial Performance - Net profit attributable to shareholders rose by 53.74% to CNY 1.00 billion year-on-year[5] - Operating revenue for the first nine months reached CNY 4.38 billion, an increase of 23.01% compared to the same period last year[5] - Basic earnings per share increased by 50.00% to CNY 0.15 per share[5] - The weighted average return on equity improved by 1.84 percentage points to 6.53%[5] - Net profit increased by 53.74% compared to the same period last year, primarily due to increased sales profits from oil and gas products and the absence of large asset impairment provisions from the previous year[11] - Total revenue for Q3 2019 was ¥1,709,573,856.14, an increase of 21% compared to ¥1,412,597,819.41 in Q3 2018[21] - Net profit for Q3 2019 was ¥629,907,409.04, compared to ¥409,630,816.97 in Q3 2018, representing a growth of 54%[23] - Total comprehensive income for the third quarter of 2019 was approximately CNY 1.08 billion, an increase from CNY 921.44 million in the same period of 2018, representing a growth of 17.03%[24] - Basic and diluted earnings per share for the third quarter of 2019 were both CNY 0.09, compared to CNY 0.06 in the same quarter of 2018, reflecting a 50% increase[24] Assets and Liabilities - Total assets increased by 15.83% to CNY 28.67 billion compared to the end of the previous year[5] - Total non-current assets reached ¥25,739,387,344.29, up from ¥22,574,142,867.56, reflecting an increase of approximately 14.4%[16] - Total liabilities increased to ¥12,366,205,059.67 from ¥9,927,461,382.02, marking a rise of about 24.5%[17] - The company's total assets amounted to ¥28,666,379,759.31, compared to ¥24,748,383,173.19, showing an increase of approximately 15.4%[17] - The equity attributable to shareholders rose to ¥16,300,174,699.64, up from ¥14,820,921,791.17, which is an increase of about 10.0%[17] - The company’s long-term debt increased to ¥8,487,480,000.00 from ¥4,804,240,000.00, reflecting a growth of approximately 76.0%[17] - The company’s total liabilities to equity ratio increased, indicating a higher leverage position compared to the previous year[17] Cash Flow - The net cash flow from operating activities decreased by 9.23% to CNY 2.94 billion year-to-date[5] - Cash inflow from operating activities for the first three quarters of 2019 was CNY 4,696,984,365.57, an increase of 6.6% compared to CNY 4,404,196,533.17 in the same period of 2018[28] - Cash outflow from operating activities totaled CNY 1,758,358,893.09, up from CNY 1,166,851,297.35 in the previous year, resulting in a net cash flow from operating activities of CNY 2,938,625,472.48, down 9.2% from CNY 3,237,345,235.82[28] - Cash flow from investing activities showed a net outflow of CNY 3,531,957,184.29, an improvement from a net outflow of CNY 4,137,960,413.23 in the same period last year[29] - Cash inflow from financing activities was CNY 4,670,046,900.00, compared to CNY 6,889,134,000.00 in the previous year, while cash outflow was CNY 3,194,964,523.45, leading to a net cash flow from financing activities of CNY 1,475,082,376.55, up from CNY 824,534,028.01[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 98,986[7] - The top ten shareholders held a combined total of 2,000,000,000 shares, representing significant ownership concentration[8] Financial Adjustments and Regulations - The company made adjustments to its financial statement format in accordance with new regulations issued by the Ministry of Finance[9] - The company has not applied the new financial instrument and lease standards retroactively, indicating a stable accounting approach[39] Operational Insights - The company expects continued growth in operating performance for the full year 2019, based on stable production, WTI prices, and exchange rates in the fourth quarter[13] - The company is focusing on improving its financial performance and reducing losses, as evidenced by the decrease in management and financial expenses[26]