SINOMACH-HE(SH:601399)2020-10-23 16:00Financial Performance - Operating revenue for the first nine months was CNY 5,721,877,562.41, down 6.89% year-on-year[7] - Net profit attributable to shareholders was CNY 291,579,386.16, representing a decrease of 9.66% compared to the same period last year[7] - The company reported a net loss of ¥9,935,718,462.22, an improvement compared to a loss of ¥10,227,297,848.38 in the previous period[18] - Total operating revenue for Q3 2020 was ¥2,048,477,531.21, an increase from ¥1,632,990,840.02 in Q3 2019, representing a growth of approximately 25.5%[20] - Net profit for Q3 2020 was ¥212,004,144.18, up from ¥168,961,301.70 in Q3 2019, indicating a growth of approximately 25.5%[21] - The total comprehensive income for Q3 2020 was ¥109,061,315.49, compared to ¥230,427,928.05 in Q3 2019, indicating a decrease of about 52.7%[22] Cash Flow - The company achieved a net cash flow from operating activities of CNY -788,638,590.43, an improvement from CNY -836,255,865.95 in the previous year[7] - The net cash flow from investment activities was CNY 153,269,354.26, a significant improvement from a negative cash flow in the same period last year[14] - The net cash flow from operating activities for the first three quarters of 2020 was ¥4,362,925,998.69, down from ¥5,701,828,798.30 in the first three quarters of 2019, representing a decline of about 23.5%[26] - The company reported a total cash outflow from operating activities of 5,652,608,481.35 RMB, compared to 7,204,661,747.53 RMB in the same period last year[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 27,404,759,872.14, a decrease of 1.40% compared to the end of the previous year[7] - The company's accounts receivable reached CNY 4,320,642,437.64, an increase of 38.36% compared to the end of 2019, primarily due to project settlement cycles and delayed payments in the equipment manufacturing sector[12] - Total liabilities decreased to ¥14,280,740,576.00 from ¥14,895,785,486.26, a reduction of about 4.1%[18] - The company's contract liabilities stood at CNY 4,200,505,124.25, reflecting a shift from advance payments to contract liabilities following the new revenue recognition standards[14] Equity and Shareholder Information - The total number of shareholders at the end of the reporting period was 48,859[10] - The company's equity attributable to shareholders increased to ¥12,568,483,832.40 from ¥12,344,389,537.71, reflecting an increase of approximately 1.8%[18] - The total equity attributable to shareholders was approximately $12.28 billion, showcasing the company's value to its investors[37] Research and Development - Research and development expenses totaled CNY 49,316,927.34, down 35.49% year-over-year, attributed to reduced R&D spending in the equipment manufacturing sector[14] - Research and development expenses for Q3 2020 were reported as -¥1,791,233.85, compared to ¥21,249,345.32 in Q3 2019, indicating a significant reduction in R&D spending[21] Investment and Contracts - The company successfully completed several major projects, including the first successful ignition of a 200MW heavy oil power plant unit in Cambodia[5] - The company signed a number of significant contracts in equipment manufacturing and engineering project contracting during the reporting period[5] - The company reported an investment income of CNY 4,426,528.99, a decline of 40.12% compared to the previous year, due to decreased returns from other equity investments[14] Financial Ratios - The weighted average return on net assets decreased by 0.37 percentage points to 2.34%[7] - The basic earnings per share for Q3 2020 was ¥0.0275, up from ¥0.0232 in Q3 2019, reflecting an increase of approximately 18.6%[22]