嘉泽新能(601619) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 17.78% to CNY 192,945,592.77 year-on-year[11] - Operating revenue for the first nine months decreased by 4.64% to CNY 800,115,938.94 compared to the same period last year[11] - Basic earnings per share decreased by 23.39% to CNY 0.0930[13] - The weighted average return on net assets decreased by 2.99 percentage points to 5.65%[13] - The company reported a decrease in net profit after deducting non-recurring gains and losses by 17.42% to CNY 193,790,517.78[11] - Total operating revenue for Q3 2020 was CNY 273,351,174.50, a decrease of 1.0% compared to CNY 277,378,454.88 in Q3 2019[49] - Net profit for Q3 2020 was CNY 74,517,559.46, down 7.0% from CNY 80,083,727.04 in Q3 2019[52] - The company reported a total profit of CNY 81,220,340.80 for Q3 2020, compared to CNY 85,081,347.27 in Q3 2019, a decline of 4.3%[52] Assets and Liabilities - Total assets increased by 31.92% to CNY 12,042,286,703.36 compared to the end of the previous year[11] - Total assets increased to approximately $12.04 billion, up from $9.13 billion year-over-year, representing a growth of 32.1%[39] - Current assets totaled approximately $3.29 billion, compared to $1.84 billion in the previous year, reflecting a 78.7% increase[37] - Non-current assets reached approximately $8.75 billion, an increase from $7.29 billion, marking a growth of 20.0%[37] - Total liabilities amounted to approximately $8.38 billion, up from $5.80 billion, indicating a rise of 44.0%[39] - Current liabilities totaled approximately $1.49 billion, compared to $928.23 million, showing a 60.5% increase[39] - Long-term borrowings increased to approximately $4.11 billion from $3.94 billion, a growth of 4.0%[39] - The company reported a significant increase in long-term payables, which rose to approximately $1.72 billion from $936.97 million, indicating an increase of 83.5%[39] Cash Flow - The net cash flow from operating activities increased by 2.51% to CNY 409,695,155.72 year-on-year[11] - Net cash flow from investing activities was negative at -¥1,502,639,638.03, a decrease of 1,285.57% compared to the previous year, due to increased project construction investments[25] - Cash inflow from financing activities totaled 2,051,502,241.30 RMB, an increase of 147,880,000.00 RMB year-over-year[66] - Net cash flow from operating activities was 114,460,977.38 RMB, down from 185,023,353.17 RMB in the previous year[68] - Total cash and cash equivalents at the end of the period amounted to 231,140,319.28 RMB, compared to 29,853,172.99 RMB in the previous year[66] Shareholder Information - The total number of shareholders at the end of the reporting period was 53,384[14] - The largest shareholder, Jinyuan Rongtai Investment Management, holds 30.17% of the shares[14] Government Support and Other Income - The company received government subsidies amounting to CNY 2,392,505.48 related to normal business operations[13] - Other income rose by 397.75% to ¥9,766,090.06 from ¥1,962,047.65, mainly due to increased VAT refunds[25] - The company recorded other income of CNY 6,264,357.99 in Q3 2020, significantly higher than CNY 681,744.30 in Q3 2019[49] Investment and Project Development - The company issued ¥1.3 billion in convertible bonds, with a term of 6 years, to raise funds for project financing[28] - Construction in progress grew by 641.29% to ¥1,962,092,127.86 from ¥264,687,143.90, reflecting increased project investments[23] - Accounts receivable rose by 55.00% to ¥29,450,000.00 from ¥19,000,000.00, primarily from receiving renewable energy subsidies[23] - Prepayments surged by 153,559.28% to ¥460,617,606.79 from ¥299,765.57, mainly due to increased investment prepayments[23] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[50]