SMIC(SH:600810)2020-10-30 16:00Financial Performance - Operating income for the first nine months was CNY 7,864,778,880.02, down 26.29% year-on-year [21]. - Net profit attributable to shareholders was CNY 134,500,300.97, a decline of 76.62% compared to the same period last year [21]. - Basic earnings per share decreased by 76.81% to CNY 0.16 [21]. - The weighted average return on net assets dropped by 7.75 percentage points to 2.49% [21]. - Total revenue for Q3 2020 reached ¥3,751,190,438.62, an increase from ¥3,606,218,313.78 in Q3 2019, representing a growth of approximately 4.0% [61]. - The net profit margin for the first three quarters of 2020 was impacted, with total revenue of ¥7,864,778,880.02 down from ¥10,669,349,366.27 in the same period of 2019, reflecting a decline of approximately 26.0% [61]. - Q3 2020 net profit reached ¥75.50 million, down from ¥81.70 million in Q3 2019, representing a decline of 2.5% [67]. - The total comprehensive income attributable to the parent company for Q3 2020 was ¥78.99 million, compared to ¥84.61 million in Q3 2019, a decrease of 6.4% [69]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 19,850,906,251.32, a decrease of 6.62% compared to the end of the previous year [18]. - The company's total assets as of September 30, 2020, were ¥19,850,906,251.32, down from ¥21,257,119,395.91 at the end of 2019, a decrease of about 6.6% [51]. - The total liabilities amount to CNY 14,892,187,210.53, with current liabilities at CNY 12,491,731,356.02 [99]. - The total liabilities decreased to ¥10,492,849,338.40 from ¥12,491,731,356.02, a reduction of approximately 16.0% [51]. - The company's long-term equity investments decreased slightly to ¥883,793,421.95 from ¥904,466,767.96, a decline of about 2.3% [48]. - The total equity attributable to shareholders decreased to ¥4,920,164,609.05 from ¥5,329,391,088.08, reflecting a decrease of about 7.7% [53]. Cash Flow - Net cash flow from operating activities increased by 217.53% to CNY 2,550,142,151.50 for the first nine months [18]. - The net cash flow from operating activities was CNY 2,550,142,151.50, a significant increase from CNY 803,123,955.74 in the previous year [87]. - Cash inflow from operating activities totaled CNY 19,004,659,047.13, slightly down from CNY 19,637,093,541.51 in the same quarter of 2019 [87]. - The cash flow from financing activities included 7,671,085,097.57 RMB in cash inflows, compared to 4,563,732,507.89 RMB in the previous year [91]. - Cash and cash equivalents at the end of the period amounted to 4,182,322,180.40 RMB, an increase from 1,848,890,165.06 RMB year-over-year [90]. Shareholder Information - The total number of shareholders at the end of the reporting period was 39,444 [26]. - The largest shareholder, China Pingmei Shenma Group, held 65.17% of the shares [26]. - The company completed the acquisition of a 37.72% stake in Henan Shennong Nylon Chemical Co., Ltd. for CNY 208,617.35 million, funded through share issuance and convertible bonds [35]. - The company issued 262,411,757 shares to acquire the aforementioned stake, with the registration completed on September 23, 2020 [38]. Government Subsidies and R&D - The company received government subsidies amounting to CNY 12,787,978.67 during the reporting period [21]. - Research and development expenses decreased by 32.65% to CNY 197,206,623.45, mainly due to reduced investment in nylon chemical projects [31]. - The company received government subsidies amounting to CNY 12,787,978.67, an increase of 76.02% compared to the previous period [31].