JSNE(SH:603693)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company for the first three quarters was ¥350,754,484.74, representing an increase of 82.81% year-on-year[17]. - Operating revenue for the first three quarters was ¥1,190,603,306.95, up 10.20% from the same period last year[17]. - The net cash flow from operating activities for the first three quarters was ¥497,769,509.41, an increase of 28.32% year-on-year[17]. - The basic earnings per share for the reporting period was ¥0.57, an increase of 83.87% compared to the previous year[17]. - The company’s weighted average return on equity increased by 3.14 percentage points to 7.39%[17]. - The company’s net profit attributable to shareholders increased by 82.81% to ¥350,754,484.74, driven by increased installed capacity and lower fuel costs[31]. - The company reported a 53.11% increase in tax refunds received, totaling ¥41,394,186.83, due to increased VAT refunds[31]. - The total comprehensive income for the first three quarters of 2020 was CNY 313,709,920.06, compared to CNY 286,255,920.74 in the same period of 2019, reflecting an increase of approximately 9.5%[74]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥10,319,215,817.90, an increase of 23.70% compared to the end of the previous year[17]. - The company's total liabilities increased to CNY 4,925,598,276.92 from CNY 3,280,071,210.29, marking a rise of about 50.1%[49]. - Long-term borrowings rose by 37.55% to ¥2,842,691,135.82, reflecting new external bank loans[28]. - The company's equity attributable to shareholders reached CNY 4,850,391,339.68, compared to CNY 4,592,788,646.32 in the previous year, showing an increase of about 5.6%[49]. - The company’s contract assets amounted to ¥1,238,211,438.72, with no prior year comparison available due to reclassification[28]. - The company reported a decrease in inventory from CNY 45,676,246.19 in 2019 to CNY 34,448,785.92, a decline of approximately 24.5%[43]. - The company’s accounts receivable decreased significantly from CNY 1,142,961,873.12 to CNY 116,229,011.91, a drop of about 89.8%[43]. Cash Flow - The company’s cash and cash equivalents increased by 59.11% to ¥1,249,023,714.19 due to new external bank loans[28]. - Cash inflow from operating activities totaled CNY 1,230,599,172.80, up from CNY 1,003,443,111.61 in the previous year, representing a growth of about 22.6%[76]. - The net cash flow from financing activities was CNY 804,392,962.24, compared to negative CNY 331,664,483.48 in the same period last year, indicating a turnaround[81]. - The ending balance of cash and cash equivalents was CNY 1,232,956,723.18, compared to CNY 982,420,402.91 at the end of the same period last year, reflecting an increase of approximately 25.5%[80]. - The company received CNY 1,160,000,000.00 from the recovery of investments, down from CNY 2,340,000,000.00 in the previous year, representing a decrease of about 50.5%[77]. Research and Development - Research and development expenses decreased by 98.75% to ¥87,379.25, indicating a significant reduction in R&D investment[28]. - Research and development expenses for Q3 2020 were CNY 32,179.71, a substantial decrease from CNY 1,906,108.96 in Q3 2019[58]. - The company reported a significant increase in research and development expenses, totaling approximately ¥32.18 million, compared to ¥14.35 million in the previous quarter, marking an increase of about 124%[68]. Strategic Initiatives - The company plans to transfer all shares of a subsidiary to eliminate potential competition, with a commitment to complete the transfer within 24 months[36]. - The company is actively pursuing research and evaluation for a share transfer plan, which may impact future financial performance and market positioning[38]. - The company plans to focus on market expansion and new product development in the upcoming quarters[58]. Operational Metrics - The total electricity generation from controlled renewable energy projects was 2.039 billion kWh, a year-on-year increase of 12.09%[25]. - The on-grid electricity volume for the first three quarters was 1.936 billion kWh, an increase of 12.38% year-on-year[25]. - The company’s biomass power generation project profits increased year-on-year due to lower fuel acquisition prices and better quality[26].