HSPC(SH:603353)2020-10-26 16:00Financial Performance - Operating income decreased by 13.07% to CNY 1,288,532,833.28 for the period from January to September[7] - Net profit attributable to shareholders increased by 6.53% to CNY 121,128,031.63 for the period from January to September[7] - Basic and diluted earnings per share decreased by 13.09% to CNY 0.99[7] - Total operating revenue for Q3 2020 was ¥527.21 million, an increase of 7.67% compared to ¥489.60 million in Q3 2019[25] - Total operating costs for Q3 2020 were ¥461.09 million, up from ¥438.90 million in Q3 2019, reflecting a 5.06% increase[25] - Net profit for Q3 2020 reached ¥55.44 million, a 46.47% increase from ¥37.88 million in Q3 2019[26] - The company reported a total net profit of ¥121.13 million for the first three quarters of 2020, compared to ¥113.65 million in the same period of 2019, marking a 6.45% increase[26] - The company reported a total profit of CNY 59,156,569.35 for Q3 2020, up from CNY 47,468,215.88 in Q3 2019, marking a growth of 24.6%[32] Assets and Liabilities - Total assets increased by 90.95% to CNY 1,943,459,624.63 compared to the end of the previous year[7] - Total liabilities amounted to ¥508,844,290.23, up from ¥430,110,633.35, indicating an increase of approximately 18%[23] - Current liabilities rose to ¥347,693,983.56 compared to ¥330,596,143.60, reflecting an increase of approximately 5%[20] - Non-current assets totaled ¥667,407,425.17, up from ¥640,884,819.43, indicating a slight increase of about 4%[20] - Total current assets amounted to $524.71 million, with cash and cash equivalents at $205.93 million[44] Cash Flow - Cash flow from operating activities increased by 68.94% to CNY 170,691,555.89 for the period from January to September[7] - The net cash flow from financing activities was ¥644,118,867.58, a significant increase compared to a negative cash flow of ¥4,311,510.70 in the previous period[13] - Cash inflow from investment activities totaled ¥17,589,385.34, a decrease of 42.5% from ¥30,437,256.71 in the previous year[37] - The company’s operating cash inflow for the first nine months of 2020 was CNY 1,598,185,154.90, down from CNY 1,693,866,796.18 in the same period of 2019[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,363[11] - The largest shareholder, Hunan Heshun Investment Development Co., Ltd., holds 41.74% of the shares[11] Other Financial Metrics - The company received government subsidies amounting to CNY 125,920.10 during the reporting period[8] - Non-recurring gains and losses totaled CNY 6,454,042.03 for the period from January to September[10] - The company’s capital reserve rose to ¥883,555,973.33 from ¥76,161,587.80, reflecting a substantial increase of around 1,161%[23] - Unappropriated profits increased to ¥439,122,334.92 from ¥392,180,539.10, a growth of about 12%[23] Inventory and Prepayments - Prepayments surged by 381.52% to ¥126,755,689.45 from ¥26,324,184.45, primarily due to increased oil product orders[13] - Inventory rose by 34.48% to ¥138,196,845.91 from ¥102,763,726.34, attributed to higher oil product purchases during the period[13] - Accounts receivable surged to ¥142,788,832.30 from ¥83,351,317.48, representing an increase of approximately 71%[22] - Inventory increased to ¥116,444,499.67 from ¥99,968,405.77, showing a growth of about 16%[22] Strategic Developments - The company added 2 self-operated gas stations, bringing the total to 32[14] - A strategic cooperation agreement was signed with Changsha Wancheng Urban Construction Investment Group, with the first gas station expected to be operational soon[14]