Guizhou Gas(SH:600903)2019-10-24 16:00Financial Performance - Operating revenue for the first nine months was ¥2,835,767,725.38, representing an 18.90% increase from the same period last year[14]. - Net profit attributable to shareholders of the listed company was ¥167,612,486.41, up 43.73% year-on-year[14]. - Basic earnings per share increased by 50% to ¥0.15 compared to ¥0.10 in the same period last year[14]. - The company reported a net profit excluding non-recurring gains and losses of ¥136,129,744.48, an increase of 33.08% year-on-year[14]. - Operating profit rose by 61.52% to CNY 188,358,735.10 compared to CNY 116,619,497.08, primarily driven by increased gas sales[21]. - Net profit increased by 57.40% to CNY 162,076,369.55 from CNY 102,972,274.38, attributed to growth in gas sales[21]. - The company reported a significant increase in cash reserves, which may support future expansion and investment strategies[29]. - Total profit for Q3 2019 was CNY -12.13 million, down from CNY -8.98 million in Q3 2018, reflecting a decline in profitability[43]. - The company reported a net profit of CNY 32.86 million for the first three quarters of 2019, compared to CNY 102.97 million in the same period of 2018, representing a decrease of 68.1%[41]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,043,413,324.79, an increase of 10.41% compared to the end of the previous year[14]. - The company’s total liabilities increased by 297.77% in long-term payables, reaching CNY 371,823,163.35 from CNY 93,476,929.97[20]. - Current assets totaled approximately CNY 2.31 billion as of September 30, 2019, compared to CNY 1.99 billion at the end of 2018, representing an increase of about 15.7%[29]. - Total liabilities increased to approximately CNY 5.89 billion from CNY 5.38 billion, marking a rise of about 9.5%[32]. - Total assets increased to CNY 6.61 billion in Q3 2019 from CNY 5.87 billion in Q3 2018, marking a growth of 12.5%[36]. - Total liabilities rose to CNY 4.27 billion in Q3 2019, compared to CNY 3.76 billion in Q3 2018, an increase of 13.5%[36]. - Total equity attributable to shareholders rose to approximately CNY 2.67 billion from CNY 2.32 billion, reflecting an increase of about 15.1%[32]. - The company’s total profit rose by 64.61% to CNY 196,374,689.36 from CNY 119,296,309.67, driven by increased gas sales[21]. Cash Flow - Net cash flow from operating activities for the first nine months was ¥488,702,501.24, a significant increase of 214.71% compared to the previous year[14]. - The net cash flow from operating activities for the first three quarters of 2019 was CNY 488,702,501.24, compared to CNY 155,285,347.98 in 2018, indicating a significant increase of about 214.5%[46]. - Cash inflows from financing activities reached CNY 2,646,169,221.74 in 2019, compared to CNY 1,954,000,000.00 in 2018, marking an increase of about 35.4%[47]. - The net cash flow from financing activities was CNY 174,887,495.86 in 2019, down from CNY 389,625,119.61 in 2018, indicating a decline of approximately 55.1%[47]. - Cash inflow from financing activities amounted to CNY 2,477,169,221.74, an increase from CNY 1,825,000,000.00 in 2018[50]. Investments and Capital - The company increased its registered capital for Guizhou Gas Group Bijie City Gas Co., Ltd. by CNY 20 million, raising it from CNY 100 million to CNY 120 million[22]. - The company has fully paid its capital contribution of CNY 1 million to establish Guiyang Qianran Real Estate Co., Ltd., holding 100% equity[22]. - The company has made a provision for bad debts for the receivable gas fees totaling CNY 5,363,834.76 due from Guizhou Xinda Yuanyang Investment Co., Ltd.[24]. - The company has made a provision for bad debts for the receivable rent totaling CNY 9,931,714 due from Guizhou Shengdi Yajiao International Hotel Co., Ltd.[26]. - The company executed the new financial instrument standards starting January 1, 2019, affecting the classification of certain financial assets[56]. Future Outlook - The company has not disclosed specific future outlooks or new product developments in the current report[14]. - The company plans to continue expanding its market presence and exploring new strategies for growth in the upcoming quarters[39].