SCMC(SH:600984)2020-10-28 16:00Financial Performance - Operating income for the first nine months rose by 17.87% to CNY 2.70 billion compared to the same period last year[6]. - Net profit attributable to shareholders decreased by 1.76% to CNY 375.23 million compared to the same period last year[6]. - Basic earnings per share decreased by 10.14% to CNY 0.4146 compared to the same period last year[6]. - The weighted average return on equity decreased by 1.50 percentage points to 9.23% compared to the same period last year[6]. - Total revenue for the first three quarters of 2020 reached CNY 2,696,855,806.99, a 17.9% increase compared to CNY 2,288,086,106.14 in the same period of 2019[34]. - Operating profit for the first three quarters of 2020 was CNY 440,910,778.53, slightly up from CNY 438,463,942.26 in the first three quarters of 2019[34]. - The company reported a net profit of CNY 179,682,791.45 for the third quarter of 2020, recovering from a loss of CNY 533,407,318.82 in the same period of 2019[32]. - The total profit for Q3 2020 was ¥248,885,848.06, compared to ¥229,013,931.47 in Q3 2019, indicating an increase of 8.3%[35]. Assets and Liabilities - Total assets increased by 29.35% to CNY 13.40 billion compared to the end of the previous year[6]. - The company's total assets reached CNY 7,779,978,375.93, up from CNY 4,805,817,875.79 at the end of 2019, a growth of 62.5%[32]. - The company's total liabilities reached CNY 7.76 billion, compared to CNY 6.56 billion at the end of 2019, an increase of approximately 18.4%[29]. - Total current liabilities amounted to CNY 4,418,183,019.28 as of December 31, 2019[49]. - The total current liabilities to total assets ratio stands at approximately 44.8%, indicating a moderate level of leverage[50]. - The company reported a total of CNY 1,248,243,777.99 in other receivables, indicating a significant asset component[52]. Cash Flow - Net cash flow from operating activities decreased significantly by 94.42% to CNY 38.85 million compared to the same period last year[6]. - The net cash flow from operating activities for the first three quarters of 2020 was ¥38.85 million, a significant decline from ¥695.82 million in the same period of 2019[42]. - The total cash inflow from financing activities in the first three quarters of 2020 was approximately ¥4.21 billion, compared to ¥1.04 billion in the same period of 2019, indicating a substantial increase[44]. - The company reported a net cash outflow from operating activities of approximately ¥145.48 million in the first three quarters of 2020, compared to a net inflow of ¥487.26 million in the same period of 2019[47]. Shareholder Information - The total number of shareholders reached 21,104 by the end of the reporting period[10]. - The largest shareholder, Shaanxi Construction Machinery (Group) Co., Ltd., holds 25.04% of the shares[10]. - The controlling shareholder, Shaanxi Construction Machinery (Group) Co., Ltd., plans to transfer 203,447,724 shares (21.04% ownership) to Shaanxi Coal and Chemical Industry Group Co., Ltd., pending completion of transfer procedures[20]. Investment and Expansion Plans - The company plans to invest in five regions to establish intelligent equipment maintenance and remanufacturing production bases, reflecting a strategic expansion initiative[21]. - The company intends to issue bonds with a total scale not exceeding CNY 2 billion, aimed at professional investors, with a maturity of up to 5 years[21]. - The company has indicated plans for market expansion and new product development in the upcoming quarters[39]. Other Financial Metrics - The company experienced a 38.63% increase in tax payments, totaling ¥122,350,272.46, due to higher VAT and corporate income tax obligations[16]. - The company reported a significant increase in long-term borrowings, totaling ¥1,157,740,000.00, reflecting a 199.16% rise[12]. - The company’s credit impairment losses increased significantly, reaching -¥126,835,959.89, indicating a rise in provisions for bad debts[14]. - Research and development expenses for the first three quarters of 2020 amounted to CNY 90,007,247.95, up from CNY 74,864,792.08 in the same period of 2019, a 20.1% increase[34].