Daqin Railway(SH:601006)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders was ¥8.90 billion, a decrease of 26.37% year-on-year[6]. - Operating revenue for the first nine months was ¥52.68 billion, down 12.02% from the same period last year[6]. - Basic earnings per share decreased by 25.93% to ¥0.60[6]. - The weighted average return on equity decreased by 3.43 percentage points to 7.71%[6]. - Total operating revenue for Q3 2020 was ¥19,223,144,873, a decrease of 1.95% compared to ¥19,605,592,484 in Q3 2019[22]. - Net profit for Q3 2020 was ¥3,665,954,783, a decline of 17.0% from ¥4,416,176,259 in Q3 2019[25]. - The company reported a total profit of ¥4,646,616,108 for Q3 2020, compared to ¥5,152,662,770 in Q3 2019[25]. - The total profit for Q3 2020 was CNY 4,130,140,994, down from CNY 4,959,344,172 in Q3 2019, representing a decrease of 16.7%[29]. Cash Flow - The net cash flow from operating activities for the first nine months was ¥10.06 billion, a decline of 8.72% compared to the previous year[6]. - Cash flow from operating activities for the first three quarters of 2020 was CNY 35,240,459,389, compared to CNY 41,233,724,174 in the same period of 2019[31]. - Net cash flow from operating activities for Q3 2020 was CNY 7,620,980,666, down from CNY 8,911,540,003 in Q3 2019, reflecting a decline of 14.5%[34]. - Cash inflow from financing activities in Q3 2020 was CNY 874,596,531, while cash outflow was CNY 7,136,059,916, resulting in a net cash flow of -CNY 6,261,463,385[35]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥149.37 billion, an increase of 0.89% compared to the end of the previous year[6]. - Total liabilities decreased to ¥23,854,117,750 from ¥25,820,689,756, a reduction of approximately 7.63%[18]. - Current liabilities decreased to ¥13,108,299,726 from ¥14,170,482,156, a reduction of about 7.49%[21]. - Total current assets amounted to ¥29,034,429,506, while total non-current assets reached ¥119,009,355,534, resulting in total assets of ¥148,043,785,040[38]. - The company reported a significant increase in accounts payable, totaling ¥4,097,742,228, which may indicate growth in operational activities[42]. Shareholder Information - The total number of shareholders at the end of the reporting period was 166,968[8]. - The largest shareholder, China Railway Taiyuan Bureau Group Co., Ltd., held 61.70% of the shares[8]. - Shareholders' equity totaled ¥122,223,095,284, with retained earnings of ¥58,999,875,985[40]. Government Support and Subsidies - Government subsidies recognized in the current period amounted to ¥23.30 million, with a total of ¥116.18 million for the year-to-date[7]. Investments and Expenditures - Cash paid for fixed asset purchases decreased by 41% to CNY 1,841,084,747 from CNY 3,127,538,527 due to reduced capital expenditures[13]. - The company has received approval from the China Securities Regulatory Commission for the public issuance of convertible bonds[13]. - Long-term prepaid expenses increased by 215% to CNY 118,750,757 from CNY 37,652,776 mainly for railway work uniforms[12]. Other Financial Metrics - Non-operating income and expenses for the first nine months resulted in a net loss of ¥104.98 million[7]. - The company received CNY 98,012,715 in non-operating income, a 44% increase from CNY 67,873,350, primarily from the disposal of non-current assets[12]. - The company reported investment income of CNY 679,217,644 in Q3 2020, down from CNY 1,136,393,736 in Q3 2019[29].