新天绿能(600956) - 2020 Q3 - 季度财报

Financial Performance - Revenue for the first nine months was CNY 8.32 billion, a 2.76% increase year-on-year[5] - Net profit attributable to shareholders decreased by 10.75% to CNY 941.76 million compared to the same period last year[5] - Basic earnings per share decreased by 14.81% to CNY 0.23 compared to the same period last year[7] - Total operating revenue for Q3 2020 was approximately ¥1.73 billion, a slight increase from ¥1.71 billion in Q3 2019, representing a year-over-year growth of 1.5%[24] - Net profit for Q3 2020 was approximately ¥13.85 million, compared to ¥121.90 million in Q3 2019, reflecting a significant decrease of 88.6%[25] - The total comprehensive income attributable to the parent company's shareholders for Q3 2020 was approximately ¥13.85 million, a significant decrease from ¥121.90 million in Q3 2019, indicating a decline of 88.6%[26] - The company's total revenue for Q3 2020 was CNY 49,528.30, compared to CNY 49,528.30 in Q3 2019, indicating no growth year-over-year[28] - The net profit for Q3 2020 was CNY 133,085,651.53, a significant increase from CNY 42,821,820.00 in Q3 2019, representing a growth of approximately 210%[29] Assets and Liabilities - Total assets increased by 16.18% to CNY 53.50 billion compared to the end of the previous year[5] - Non-current assets totaled approximately $45.16 billion, compared to $38.56 billion in the previous year, marking an increase of 17.2%[19] - Total liabilities reached approximately $37.04 billion, compared to $31.26 billion, indicating a rise of 18.5%[20] - Current liabilities rose to approximately $10.75 billion, slightly up from $10.55 billion, reflecting a 1.8% increase[20] - Total assets as of the end of Q3 2020 amounted to approximately ¥14.64 billion, an increase from ¥13.29 billion at the end of Q3 2019, representing a growth of 10.2%[23] - Total liabilities as of the end of Q3 2020 were approximately ¥4.41 billion, compared to ¥4.14 billion at the end of Q3 2019, showing an increase of 6.5%[23] Shareholder Information - The company had a total of 42,655 shareholders as of September 30, 2020[10] - The largest shareholder, Hebei Construction Investment Group, holds 48.73% of the shares[10] - Shareholders' equity increased to approximately $16.46 billion from $14.79 billion, showing a growth of 11.3%[20] Cash Flow - Operating cash flow for the first nine months increased by 36.31% to CNY 2.82 billion compared to the same period last year[5] - Total cash inflow from operating activities for the first nine months of 2020 was CNY 8,565,613,358.44, compared to CNY 8,078,319,070.68 in the same period of 2019, showing an increase in cash inflow[31] - The cash outflow from investing activities totaled 7,440,864,725.26 RMB, compared to 3,269,377,014.26 RMB in the previous year, reflecting increased investment expenditures[32] - The company reported a net cash flow from financing activities of 4,435,594,025.46 RMB, a substantial increase from 926,114,628.04 RMB in the prior year[32] Research and Development - Research and development expenses surged by 255.04% from CNY 5,032,703.43 to CNY 17,868,060.39[15] - Research and development expenses for Q3 2020 were approximately ¥10.52 million, compared to a negative expense of ¥0.41 million in Q3 2019, highlighting an increase in investment in R&D[24] Financial Expenses - Financial expenses for Q3 2020 were approximately ¥225.48 million, slightly up from ¥218.84 million in Q3 2019, reflecting a year-over-year increase of 3.0%[24] - The company incurred financial expenses of CNY 5,140,189.11 in Q3 2020, up from CNY 2,377,300.17 in Q3 2019, indicating rising costs associated with financing[28] Investment Income - The company reported investment income of approximately ¥37.79 million in Q3 2020, compared to ¥29.13 million in Q3 2019, representing a year-over-year increase of 29.7%[25] - The company reported an investment income of CNY 163,921,439.35 in Q3 2020, compared to CNY 51,320,855.97 in Q3 2019, indicating a significant increase in investment returns[28] Other Financial Metrics - The company received government subsidies amounting to CNY 532,719.47 during the reporting period[8] - The company reported a significant increase in credit impairment losses by 610.06% from CNY 8,554,209.49 to CNY 60,739,695.95[15] - Cash and cash equivalents amounted to approximately $357.73 million, up from $326.01 million, a growth of 9.1%[21]