HTGF(SH:600864)2020-10-23 16:00Financial Performance - Net profit attributable to shareholders decreased by 63.68% to CNY 215,626,385.50 year-on-year[10] - Operating revenue for the first nine months was CNY 2,078,252,201.41, a decrease of 2.03% compared to the same period last year[10] - Basic earnings per share fell by 64.29% to CNY 0.10 compared to the same period last year[10] - The weighted average return on equity decreased by 2.94 percentage points to 1.63%[10] - The company reported a net profit of ¥834,510,411.21 for the first three quarters of 2020, compared to ¥795,709,074.32 for the same period in 2019, indicating a growth of about 4.9%[44] - The total profit for the first three quarters of 2020 was 194,214,906.34, down from 581,982,036.51 in the same period of 2019, indicating a decrease of about 66.7%[50] - The net profit for Q3 2020 was 139,245,745.19, compared to 78,653,471.87 in Q3 2019, representing an increase of approximately 77.2%[50] Cash Flow - Net cash flow from operating activities dropped by 76.18% to CNY 577,894,187.93 year-on-year[10] - The total cash flow from financing activities decreased by 110.58%, resulting in a net outflow of approximately RMB 917.64 million[22] - Cash received from sales of goods and services for the first three quarters of 2020 was CNY 482,439,372.74, compared to CNY 370,452,274.14 in the same period of 2019, reflecting a growth of 30.2%[56] - The net increase in cash and cash equivalents for the first three quarters of 2020 was -¥383,473,254.15, compared to an increase of ¥1,916,042,917.20 in 2019[62] - Cash paid for operating activities totaled ¥1,202,518,111.02 in 2020, significantly lower than ¥2,632,647,642.67 in 2019, indicating improved cash management[60] Assets and Liabilities - Total assets decreased by 10.73% to CNY 36,968,752,514.49 compared to the end of the previous year[10] - The company's total current assets were CNY 31,911,299,429.90 as of September 30, 2020, down from CNY 35,043,846,215.95 at the end of 2019, indicating a decrease of about 8.1%[36] - The total liabilities decreased to CNY 23,709,671,485.62 from CNY 27,908,107,198.97, a reduction of approximately 15.1%[38] - The company's total liabilities to equity ratio improved to approximately 1.80 as of September 30, 2020, compared to 2.07 at the end of 2019, indicating a reduction in financial leverage[38] - Total liabilities amounted to approximately ¥27.91 billion, with non-current liabilities totaling around ¥4.33 billion[69] Shareholder Information - The total number of shareholders at the end of the reporting period was 58,709[12] - The largest shareholder, Harbin Investment Group Co., Ltd., holds 36.96% of the shares[12] Operational Metrics - Operating income increased by 4.88% to CNY 834,510,411.21, driven by an increase in heating area and bulk heating sales[18] - Total operating costs for the first nine months of 2020 were CNY 2,238,445,689.42, a decrease of 3.97% compared to the previous year[18] - The company reported a significant increase in operating costs, which rose to CNY 19,897,576.40 in Q3 2020 from CNY 17,667,350.73 in Q3 2019, an increase of 13.8%[54] Investment and Capital Expenditures - Capital expenditures for various projects totaled approximately RMB 202.34 million, with significant progress reported in ongoing projects[29] - The company plans to continue its investment in new projects, including upgrades to existing facilities and new construction initiatives[29] Other Financial Metrics - The company reported non-recurring gains and losses totaling CNY 4,659,170.44 for the current period[12] - The company reported a significant increase in credit impairment losses by 105.56%, amounting to approximately RMB 128.55 million[19] - The fair value changes in financial assets resulted in a decrease of 48.26%, leading to a loss of approximately RMB 277.71 million[19]