SDF(SH:605006)2020-10-25 16:00Financial Performance - Revenue for the first nine months reached CNY 1,366,290,237.83, reflecting a 2.39% increase year-over-year[6] - Net profit attributable to shareholders decreased by 10.60% to CNY 92,279,407.65 compared to the same period last year[6] - Basic earnings per share fell by 15.38% to CNY 0.22[6] - The weighted average return on equity decreased by 1.77 percentage points to 6.40%[6] - Net profit for the first three quarters of 2020 was ¥108,502,590.40, compared to ¥114,444,236.02 in the same period of 2019, indicating a decrease of 5.2%[23] - The total revenue for the first three quarters of 2020 reached ¥92,279,407.65, down from ¥103,223,984.93 in the same period of 2019, representing a decline of 10.6%[25] - The total profit for Q3 2020 was ¥39,516,193.36, a significant increase from ¥25,285,939.00 in Q3 2019, marking a growth of 56.5%[25] Assets and Liabilities - Total assets increased by 18.13% to CNY 4,820,730,387.29 compared to the end of the previous year[6] - Total assets as of September 30, 2020, amounted to ¥2,915,967,664.29, an increase from ¥2,515,874,558.29 at the end of 2019[22] - Total liabilities as of September 30, 2020, were ¥1,320,940,683.88, a decrease from ¥1,377,783,605.63 at the end of 2019[22] - The company's total liabilities increased to ¥2,155,098,353.53 in Q3 2020, compared to ¥1,812,713,646.05 in Q2 2020, indicating a rise of approximately 18.9%[33] - Total liabilities decreased to CNY 2,723,455,508.53 in Q3 2020 from CNY 2,833,604,465.39 at the end of 2019[39] Shareholder Information - Net assets attributable to shareholders rose by 25.32% to CNY 1,701,369,312.31 year-over-year[6] - The total number of shareholders reached 37,665 by the end of the reporting period[10] - The largest shareholder, Linyi Mining Group, holds 52.74% of the shares, totaling 263,701,361 shares[11] - The company reported a total of ¥1,701,369,312.31 in equity attributable to shareholders, up from ¥1,357,567,820.24 in the previous year, reflecting a growth of 25.3%[19] Cash Flow - Operating cash flow improved significantly, with a net cash flow of CNY 63,627,198.02, a 329.28% increase compared to the same period last year[6] - Cash flow from operating activities for the first nine months of 2020 was ¥63,627,198.02, a significant improvement from a negative cash flow of ¥27,750,631.37 in the same period of 2019[32] - Net cash flow from operating activities in Q3 2020 was CNY 15,072,281.35, a significant improvement compared to a negative CNY 49,321,142.75 in Q3 2019[35] - The net cash flow from financing activities for Q3 2020 was ¥473,756,806.14, an increase from ¥187,588,002.24 in Q2 2020[33] Expenses - Total operating costs for Q3 2020 were ¥431,788,326.93, up from ¥386,612,600.82 in Q3 2019, reflecting a 11.7% increase[23] - Research and development expenses for Q3 2020 were ¥18,790,027.57, up 8.4% from ¥17,337,477.43 in Q3 2019[24] - The company's sales expenses for the first three quarters of 2020 were ¥57,169,274.23, compared to ¥49,520,556.35 in the same period of 2019, an increase of 15.3%[24] Changes in Accounting Policies - The company implemented the revised revenue recognition standards starting January 1, 2020, affecting the financial statements without adjusting comparative period information[44] - The deferred tax assets increased to CNY 31,394,446.93 after adjustments, reflecting the impact of the new revenue standards[42] - The company has changed its revenue recognition policy for pipeline connection fees from recognizing income upon contract signing and project completion to recognizing income when heating services begin, amortized over 10 years[45]