FJC(SH:600802)2020-10-26 16:00Financial Performance - Net profit attributable to shareholders decreased by 15.31% to CNY 218,286,908.01 year-on-year[7] - Operating revenue rose by 3.46% to CNY 2,043,410,351.69 for the first nine months of the year[7] - Basic earnings per share decreased by 15.31% to CNY 0.476[7] - The weighted average return on equity fell by 9.53 percentage points to 15.19%[7] - Net profit for the first three quarters of 2020 was ¥277,244,342.62, a decrease of 25.43% compared to ¥371,721,161.43 in the same period of 2019[31] - The total profit for the first three quarters of 2020 was approximately ¥321.22 million, down from ¥379.28 million in the same period of 2019[35] - The net profit for Q3 2020 was approximately ¥18.05 million, a decrease of 68.36% from ¥56.95 million in Q3 2019[35] - The total profit for Q3 2020 was approximately ¥37.34 million, down 46.64% from ¥70.06 million in Q3 2019[35] Assets and Liabilities - Total assets increased by 6.82% to CNY 4,201,809,136.79 compared to the end of the previous year[7] - The total number of shareholders reached 57,967 by the end of the reporting period[11] - The total liabilities increased to RMB 2,610,893,172.79 from RMB 2,433,413,666.10, reflecting an increase of approximately 7.27%[28] - The equity attributable to shareholders rose to RMB 1,468,589,513.58 from RMB 1,395,365,288.04, marking an increase of about 5.25%[28] - The company's current assets decreased to RMB 853,692,167.63 from RMB 901,965,131.89 at the end of 2019, a decline of about 5.34%[26] - Total liabilities increased to ¥3,361,166,550.96 in Q3 2020, compared to ¥2,947,386,593.52 in Q3 2019, reflecting a growth of 14.05%[31] - The company's total cash and cash equivalents decreased to RMB 520,855,037.63 from RMB 635,141,422.33, a drop of approximately 18.01%[26] Cash Flow - Net cash flow from operating activities dropped by 49.34% to CNY 285,026,280.27 compared to the same period last year[7] - Cash received from operating activities decreased by CNY 241.70 million, a drop of 89.14%, primarily due to last year's receipt of funds from the transfer of cement clinker capacity indicators[20] - The company reported a net cash outflow from investing activities of CNY -218,624,698.79, compared to CNY -9,983,061.24 in the same period last year, indicating increased investment expenditures[43] - Cash inflow from operating activities totaled CNY 3,150,079,376.18, up from CNY 2,549,901,046.81 in the previous year, representing a growth of 23.5%[43] - The company's total cash flow for the first three quarters of 2020 was CNY 59,430,166.88, a decrease from CNY 360,647,005.91 in the same period last year[44] Inventory and Receivables - Accounts receivable increased by CNY 1.93 million compared to the beginning of the year, attributed to timing differences in settlements with key engineering clients[15] - Inventory increased by CNY 75.30 million, a growth of 57.02%, mainly due to increased production and sales leading to higher stock levels[16] - The company's inventory increased to RMB 207,373,347.14 from RMB 132,071,514.68, representing a growth of approximately 57.0%[26] - Accounts receivable financing decreased by CNY 46.19 million, a reduction of 51.48%, due to a decrease in business volume settled using notes[15] Shareholder Information - The largest shareholder, Fujian Provincial Building Materials (Holding) Co., Ltd., holds 28.78% of the shares[11] - The company's minority shareholder profit decreased by CNY 24.50 million, a decline of 56.07%, primarily due to the acquisition of 30% of minority shareholder equity in December 2019[19] Other Financial Metrics - Non-operating income for the first nine months totaled CNY 2,353,474.02, with a significant portion from government subsidies[9] - Other income decreased by CNY 4.65 million, a decline of 33.93%, mainly due to last year's government subsidies for electricity rewards and tax refunds[18] - The fair value change of other equity investments decreased by CNY 146.13 million, a decline of 226.10%, due to changes in the fair value of stocks held by the company[19] - The company reported a significant increase in asset impairment losses of ¥152.70 million in Q3 2020[34]