Haohua Energy(SH:601101)2019-10-21 16:00Financial Performance - Net profit attributable to shareholders decreased by 33.87% to CNY 601,750,744.47 year-on-year[17] - Operating revenue declined by 3.07% to CNY 4,220,884,806.12 compared to the same period last year[17] - Basic earnings per share fell by 34.21% to CNY 0.50 compared to the same period last year[17] - The weighted average return on equity decreased by 4.34 percentage points to 7.26%[17] - Net profit for Q3 2019 was CNY 213,322,808.65, down from CNY 310,650,031.54 in Q3 2018, reflecting a decrease of approximately 31.3%[49] - The company reported a total profit of CNY 292,860,596.16 for Q3 2019, compared to CNY 400,323,227.91 in Q3 2018, a decline of approximately 26.8%[49] - The company reported a financial expense of CNY 18.10 million in Q3 2019, compared to a gain of CNY 0.92 million in Q3 2018[57] Cash Flow - Net cash flow from operating activities decreased by 30.22% to CNY 1,635,720,177.74 year-to-date[17] - Cash flow from operating activities for the first three quarters of 2019 was CNY 4.81 billion, down from CNY 5.13 billion in the same period of 2018[61] - Total cash inflow from operating activities was 5,468,057,295.85 RMB, while cash outflow was 3,832,337,118.11 RMB, resulting in a net cash inflow of 1,635,720,177.74 RMB[64] - Cash inflow from financing activities was 4,783,822,200.85 RMB, significantly higher than 1,514,000,000.00 RMB in the previous period, reflecting strong financing efforts[64] - The company reported a net cash decrease of -201,630,666.80 RMB for the period, contrasting with an increase of 1,078,640,723.20 RMB in the previous period[66] Assets and Liabilities - Total assets increased by 12.53% to CNY 23,409,494,987.33 compared to the end of the previous year[17] - Total liabilities reached ¥10,075,835,849.81, up from ¥8,076,168,137.40, which is an increase of around 24.8%[34] - Current liabilities rose significantly to ¥4,643,281,300.75 from ¥2,581,388,072.23, marking an increase of approximately 80.0%[34] - Non-current assets totaled ¥17,732,362,166.98, compared to ¥16,649,919,932.57, indicating an increase of about 6.5%[34] - The total liabilities increased to CNY 8,951,853,968.32 from CNY 6,847,449,695.95, marking an increase of about 30.7%[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 43,786[19] - The largest shareholder, Shougang Group Co., Ltd., held 62.30% of the shares[19] - Owner's equity increased to ¥13,333,659,137.52 from ¥12,725,860,690.51, showing a growth of approximately 4.8%[34] Receivables and Inventory - Accounts receivable increased by 132.13% to ¥32,388,000 from ¥13,952,000 due to export coal payment settlements being delayed[22] - Other receivables surged by 2,992.75% to ¥200,008,000 from ¥6,467,000 primarily due to the acquisition of debt from Hongdunzi Coal Industry amounting to ¥1.936 billion[22] - The company reported a decrease in inventory to ¥125,056,592.55 from ¥234,062,604.65, a decline of about 46.6%[39] Expenses - Sales expenses grew by 29.57% to ¥52,204,000 from ¥40,290,000 due to an increase in customers under the "one-ticket" settlement system[22] - Financial expenses rose by 44.30% to ¥23,419,000 from ¥16,229,000 as borrowing costs ceased to be capitalized after Hongqingliang Mine commenced operations[22] - Research and development expenses for Q3 2019 were CNY 740,153.87, significantly lower than CNY 5,604,876.96 in Q3 2018, indicating a decrease of about 86.8%[46] Investment Activities - Investment payments surged by 1,143.31% to ¥315,800,000 from ¥25,400,000 due to the acquisition of equity and debt from Hongdunzi Coal Industry amounting to ¥3.158 billion[23] - Cash flow from investing activities showed a net outflow of -3,523,760,149.14 RMB, compared to -659,722,676.74 RMB in the previous period, indicating increased investment expenditures[64]