BGE(SH:603588)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 4,317,577,626.53, a 36.15% increase year-on-year[18] - Net profit attributable to shareholders increased by 31.70% to CNY 413,436,386.62 compared to the same period last year[18] - Basic earnings per share rose by 22.15% to CNY 0.579 compared to the same period last year[20] - Diluted earnings per share increased by 31.58% to CNY 0.575 compared to the same period last year[20] - The weighted average return on net assets improved by 1.36 percentage points to 12.391%[20] - The company reported a net profit for Q3 2020 of ¥181,848,364.81, compared to ¥143,992,032.37 in Q3 2019, indicating a growth of 26.2%[64] - The total revenue for Q3 2020 reached ¥1,694,391,866.68, a 55.4% increase from ¥1,090,632,370.05 in Q3 2019[58] - The net profit for Q3 2020 was approximately ¥164.70 million, compared to ¥127.01 million in Q3 2019, representing a year-over-year increase of 29.7%[67] Assets and Liabilities - Total assets increased by 24.80% to CNY 14,296,210,217.59 compared to the end of the previous year[18] - Total liabilities reached CNY 9.18 billion, up from CNY 7.79 billion, which is an increase of approximately 17.8%[47] - Long-term borrowings rose by 70.57% year-to-date, driven by increased project financing[28] - Current assets totaled CNY 5.65 billion, compared to CNY 4.48 billion in the previous period, marking an increase of about 26.4%[44] - Total liabilities increased slightly to ¥6,739,855,246.79 from ¥6,622,919,177.06, a growth of 1.8%[56] - The total liabilities to equity ratio stands at approximately 2.13, indicating a leveraged capital structure[97] Cash Flow - Net cash flow from operating activities for the first nine months was CNY 526,167,881.21, up 48.90% year-on-year[18] - The net cash flow from operating activities improved by 48.90%, amounting to 52,616.79 million RMB compared to 35,336.74 million RMB in the previous year[33] - The company reported a net cash flow from operating activities of CNY 526,167,881.21 for the first three quarters of 2020, an increase of 49% compared to CNY 353,367,359.13 in the same period of 2019[85] - Total cash inflow from operating activities reached CNY 4,590,043,252.11, up from CNY 3,785,283,006.60 year-over-year, reflecting a growth of approximately 21%[85] - The company's cash outflow for operating activities was CNY 4,063,875,370.90, compared to CNY 3,431,915,647.47 in the previous year, indicating an 18% increase[85] Shareholder Equity - Net assets attributable to shareholders increased by 45.13% to CNY 4,542,500,872.84 compared to the end of the previous year[18] - The company's equity attributable to shareholders rose to CNY 4.54 billion, compared to CNY 3.13 billion, reflecting an increase of approximately 45.1%[48] - The total equity increased to ¥3,929,678,268.72 from ¥2,577,249,817.87, marking a growth of 52.5%[56] Inventory and Prepayments - Inventory levels were affected by the implementation of new revenue accounting standards, impacting the financial statements[28] - Prepayments increased by 95.28% year-to-date, mainly due to higher prepayments for equipment and subcontracting[28] - Inventory decreased significantly to CNY 219.15 million from CNY 1.87 billion, indicating a reduction of about 88.3%[50] Government Subsidies and Other Income - The company reported government subsidies of CNY 9,462,091.90 for the first nine months[21] - The fair value change income surged by 446.18%, attributed to hedging activities to mitigate price fluctuations of nickel and copper[32] - The company reported a significant increase in prepayments to ¥644,843,846.98 from ¥242,647,870.56, a rise of 166.5%[62] Financial Management - The company is implementing new financial accounting standards effective from January 1, 2019, impacting financial reporting[105] - The company has not disclosed any new product developments or market expansion strategies in the current report[106]