SMIC(SH:600810)2019-10-30 16:00Financial Performance - Net profit attributable to shareholders decreased by 32.47% to CNY 383,613,601.55 year-on-year[20] - Basic earnings per share dropped by 47.66% to CNY 0.67[20] - The weighted average return on equity decreased by 8.78 percentage points to 11.34%[20] - Net profit for the first three quarters increased to RMB 338,981,382.04, compared to RMB 271,088,285.35 in the previous year, marking a growth of approximately 25%[62] - Net profit for Q3 2019 reached ¥86.92 million, compared to ¥280.33 million in Q3 2018, indicating a decline of 69%[84] - The total profit for Q3 2019 was ¥88.22 million, down from ¥316.74 million in Q3 2018, a decline of 72%[82] Revenue and Operating Income - Operating revenue rose by 12.10% to CNY 9,781,053,747.90 for the year-to-date period[18] - Total revenue for Q3 2019 was approximately ¥3.51 billion, an increase from ¥3.42 billion in Q3 2018, representing a growth of 2.4% year-over-year[113] - Revenue for the third quarter reached ¥6,746,640,325.76, an increase from ¥5,755,453,351.48 in the same period last year, representing a growth of approximately 17.2%[135] - The company’s operating income for the first nine months of 2019 was approximately ¥11.01 billion, compared to ¥9.96 billion in the same period of 2018, indicating a growth of 10.5%[113] Assets and Liabilities - Total assets increased by 22.46% to CNY 13,499,734,332.94 compared to the end of the previous year[18] - The total current assets reached ¥6,764,772,577.75, up 31.3% from ¥5,151,654,989.21 in the previous year[48] - The company's total assets increased to ¥13,499,734,332.94, representing a growth of 22.5% from ¥11,023,986,346.79 at the end of 2018[54] - Total liabilities increased to ¥9,238,199,391.21, a rise of 32.4% from ¥6,995,066,772.72 in 2018[54] - Short-term borrowings rose significantly to ¥4,083,424,197.45, compared to ¥2,725,950,000.00 in the previous year, marking an increase of 49.8%[52] Cash Flow - Net cash flow from operating activities surged by 105.33% to CNY 971,506,663.30 compared to the same period last year[18] - The company reported a significant increase in cash and cash equivalents, with RMB 2,323,454,284.29 compared to RMB 1,513,058,754.86, marking a growth of approximately 53.5%[60] - Cash inflow from financing activities amounted to ¥5,092,935,564.75, significantly higher than ¥2,994,075,882.78, reflecting an increase of about 70.5%[139] - Cash outflow from operating activities totaled ¥6,002,182,842.46, up from ¥5,542,645,928.77, indicating a rise of approximately 8.3%[139] Shareholder Information - The total number of shareholders at the end of the reporting period was 45,431[27] - The largest shareholder, China Pingmei Shenma Energy Chemical Group Co., Ltd., holds 49.28% of the shares[27] Research and Development - Research and development expenses increased by 52.57% to RMB 124,930,347.31, reflecting enhanced R&D efforts[32] - Research and development expenses for the quarter totaled ¥7,446,923.74, slightly down from ¥7,734,382.86 year-over-year[121] Strategic Developments - The company plans to establish a new materials technology company with a registered capital of RMB 400 million, contributing RMB 196 million for a 49% stake[36] - The acquisition of 100% equity in Henan Shennong Nylon New Material Co., Ltd. was completed for RMB 18.6053 million, with an additional RMB 40 million capital increase[36] - A major asset restructuring plan is underway to acquire 37.72% of Henan Shennong Chemical Co., Ltd. through a share issuance and cash payment[40] - The company plans to acquire 15% equity in Henan Pingmei Shenma Polycarbonate Materials Co., Ltd. for a nominal price, with a subscribed capital of RMB 180 million[40]