SGC(SH:601139)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders rose by 18.93% to CNY 1.09 billion year-on-year[6] - Basic earnings per share increased by 18.75% to CNY 0.38[6] - The weighted average return on equity improved by 1.08 percentage points to 9.44%[6] - The company reported a significant increase in other income, which rose by 147.08% to RMB 32,397,262 from RMB 13,111,957 in the previous year[14] - The company expects a cumulative net profit for the year to not show significant changes compared to the previous year[17] - The company reported a decrease in operating costs to CNY 1,301,138,266.46 in Q3 2020 from CNY 1,427,253,085.43 in Q3 2019, reflecting improved operational efficiency[31] - Q3 2020 net profit attributable to shareholders was CNY 433,364,454.66, up 34.1% from CNY 323,485,158.72 in Q3 2019[29] - Total profit for Q3 2020 was CNY 529,530,405.64, an increase of 29.6% from CNY 408,394,347.69 in Q3 2019[28] Revenue and Sales - Revenue for the first nine months was CNY 10.07 billion, a slight increase of 0.73% compared to the same period last year[5] - The company's operating revenue for the reporting period was RMB 1,007,356,000, a 0.73% increase from RMB 1,000,069,000 in the same period last year[12] - Natural gas sales revenue reached RMB 672,144,000, up 1.71% from RMB 660,873,000 year-on-year, with sales volume increasing by 22.14% to 2.758 billion cubic meters[12] - The cash inflow from sales of goods and services for the first three quarters was CNY 11,772,705,811.82, compared to CNY 10,867,955,367.34 in the same period of 2019, representing an increase of approximately 8.3%[34] Assets and Liabilities - Total assets increased by 9.41% to CNY 25.40 billion compared to the end of the previous year[5] - The company's total equity reached CNY 12.32 billion, compared to CNY 11.57 billion at the end of 2019, marking an increase of about 6.5%[22] - Total current liabilities increased to CNY 9.94 billion from CNY 8.52 billion, reflecting a rise of approximately 16.7%[21] - The company's inventory decreased to CNY 437.18 million from CNY 466.10 million, a decline of about 6.2%[20] - The company's non-current assets totaled CNY 18.62 billion, up from CNY 18.12 billion, indicating an increase of about 2.8%[21] - Total liabilities increased to CNY 9,533,467,531.15 in Q3 2020 from CNY 8,297,150,625.86 in Q3 2019, representing a growth of approximately 14.9%[25] Cash Flow - Operating cash flow increased by 49.99% to CNY 2.74 billion for the first nine months of the year[5] - The total cash inflow from operating activities for the first three quarters of 2020 was CNY 12,094,738,770.28, an increase from CNY 11,141,935,579.30 in the same period of 2019, representing a growth of approximately 8.6%[34] - The net cash flow from operating activities increased significantly to CNY 2,735,381,510.72, compared to CNY 1,823,745,184.72 in the previous year, marking an increase of about 50%[34] - The cash inflow from financing activities totaled CNY 3,280,178,256.79, an increase from CNY 2,687,679,927.25 in the previous year, reflecting a growth of about 22%[35] Shareholder Information - The number of shareholders reached 25,797 by the end of the reporting period[9] - The largest shareholder, Shenzhen Municipal Government, holds 50.07% of the shares[9] Government Support - The company received government subsidies amounting to CNY 67.54 million during the reporting period[7] Borrowings and Debt - The company’s long-term borrowings increased by 193.60% to RMB 140,049,500 from RMB 47,700,000 due to the acquisition of a subsidiary[13] - The company reported a decrease in short-term borrowings to CNY 1.25 billion from CNY 2.39 billion, a reduction of about 47.9%[21] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[31]