ANG(603689)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 10.21% to CNY 148,053,066.16 for the year-to-date period[6] - Operating revenue for the year-to-date period increased by 4.58% to CNY 2,978,881,751.61 compared to the same period last year[6] - Basic earnings per share decreased by 10.20% to CNY 0.44[6] - The weighted average return on equity decreased by 1.36 percentage points to 6.53%[6] - Total operating revenue for Q3 2020 was ¥933,939,698.32, an increase from ¥905,025,988.06 in Q3 2019, representing a growth of approximately 3.2%[25] - Net profit for the first three quarters of 2020 reached ¥3,880,285.18, up from ¥3,660,733.15 in the same period of 2019, indicating a growth of approximately 6%[25] - The company reported a total profit of CNY 36,863,358.56 for Q3 2020, down from CNY 53,068,229.91 in Q3 2019, marking a decrease of approximately 30.5%[32] - The company’s operating profit for Q3 2020 was CNY 35,208,883.58, compared to CNY 52,977,878.67 in Q3 2019, a decline of about 33.7%[32] Assets and Liabilities - Total assets increased by 4.88% to CNY 3,580,092,539.48 compared to the end of the previous year[6] - The company's total liabilities increased to ¥1,012,830,283.63 from ¥954,796,054.78, reflecting ongoing operational financing needs[20] - The total assets as of Q3 2020 amounted to ¥2,533,524,586.21, a slight decrease from ¥2,564,414,325.95 at the end of Q3 2019[23] - Current liabilities totaled ¥202,022,149.98 in Q3 2020, down from ¥222,490,938.05 in Q3 2019, showing a reduction of about 9.2%[23] - The total liabilities as of Q3 2020 were ¥336,805,951.85, down from ¥404,215,737.89 in Q3 2019, indicating a decrease of about 16.7%[23] - The company’s total equity increased to ¥2,196,718,634.36 in Q3 2020, compared to ¥2,160,198,588.06 in Q3 2019, reflecting a growth of about 1.7%[23] Cash Flow - Net cash flow from operating activities for the year-to-date period increased by 1.15% to CNY 401,780,648.47[6] - The net cash flow from operating activities for the first nine months of 2020 was CNY 401,780,648.47, slightly up from CNY 397,225,648.00 in the previous year[35] - The net cash flow from operating activities in Q3 2020 was CNY 247 million, compared to CNY 263 million in Q3 2019, indicating a decline of approximately 6.2%[39] - The cash flow from investing activities showed a net outflow of CNY 179,754,330.12 in the first nine months of 2020, compared to a net outflow of CNY 227,748,291.31 in the same period of 2019, reflecting an improvement[36] - Cash outflow from investment activities in Q3 2020 totaled CNY 108.8 million, up from CNY 75.3 million in Q3 2019, reflecting an increase of about 44.5%[39] Shareholder Information - The total number of shareholders reached 17,769 at the end of the reporting period[10] - The largest shareholder, Anhui Energy Group Co., Ltd., holds 43.31% of the shares[10] Investment and Subsidiaries - The company reported an investment income of ¥4,479,331.36, a significant increase of 2684.07% compared to ¥160,891.62 from the previous year, mainly from dividends received from investment in Huishang Bank[14] - The company established two new subsidiaries, Anhui Natural Gas Sales Co., Ltd. and Anhui Energy Port Clean Energy Co., Ltd., which were registered on September 25, 2020[15] Government Support - The company received government subsidies amounting to CNY 4,109,439.65 for the year-to-date period[8] Market Strategy - The company plans to enhance market expansion efforts in the upcoming quarters, focusing on new product development and technology advancements[30] - The company is focusing on expanding its market presence and enhancing product development strategies[46]