上峰水泥(000672) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was ¥505,451,663.03, a decrease of 14.41% year-on-year[8]. - Operating revenue for the period was ¥1,576,742,799.73, down 6.74% compared to the same period last year[8]. - The net profit after deducting non-recurring gains and losses was ¥419,983,802.46, a decline of 26.72% year-on-year[8]. - Basic earnings per share were ¥0.63, down 14.86% year-on-year[8]. - The weighted average return on equity was 8.45%, a decrease of 5.28% compared to the previous year[8]. - The company reported a net profit loss of CNY 229,570,266.46 for the reporting period, indicating significant financial challenges[53]. - The total profit for the current period is ¥2,029,018,405.60, compared to ¥2,104,260,452.41 in the previous period, indicating a decrease of 3.6%[95]. - Net profit attributable to the parent company is ¥1,513,983,271.32, down from ¥1,540,600,419.88, reflecting a decline of 1.7%[95]. Cash Flow - The net cash flow from operating activities was ¥584,129,558.24, an increase of 10.86% compared to the previous year[8]. - The net cash flow from operating activities decreased by 18.13% to CNY 1.456 billion, primarily due to a decline in operating profit[43]. - The company reported a net cash flow from operating activities of ¥1,455,614,779.41, down from ¥1,778,059,154.02 in the previous period, a decline of 18.2%[104]. - The net cash flow from operating activities was -26,837,355.77 yuan, compared to -9,216,191.98 yuan in the previous period, indicating a significant decline in operational cash flow[108]. - The company’s total cash outflow from financing activities is ¥2,123,732,287.39, compared to ¥1,665,172,592.08 in the previous period, an increase of 27.5%[107]. - The net cash flow from financing activities was -471,528,861.13 yuan, down from 846,471,034.29 yuan in the previous period, showing a shift in financing strategy[110]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,931,629,186.02, an increase of 0.32% compared to the end of the previous year[8]. - The company's asset-liability ratio decreased from 41.62% at the beginning of the year to 33.13% at the end of the reporting period[23]. - Total liabilities decreased to CNY 3,290,762,248.91 from CNY 4,119,757,680.13, indicating improved financial stability[70]. - The company's total equity was 5,779,704,928.78 yuan, reflecting a stable financial position despite operational challenges[118]. Investments - Long-term equity investments rose by 123.65% to CNY 451.64 million, indicating increased investment in new economic sectors[23]. - The company achieved a significant increase in investment income, which rose by 431.43% to CNY 143.90 million, mainly from investments in the secondary market[33]. - The company has invested CNY 6,210,000 in entrusted financial management products, with an outstanding balance of CNY 2,050,000[58]. - The company has made significant purchases in stocks, including CNY 161,233,777.55 in Tianshan Shares and CNY 106,397,534.60 in Conch Cement[53]. Operational Challenges - The company faced challenges in sales due to the pandemic, particularly in the East China region, but sales and prices began to recover in September[21]. - The company's total revenue for the first nine months decreased by 2.80% compared to the previous year, with a product gross margin of 46.57%[21]. - The company reported an increase in long-term equity investments to CNY 451,639,691.34 from CNY 201,937,352.83, indicating a strategic focus on long-term growth[68]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 63,479[12]. - Zhejiang Shangfeng Holding Group Co., Ltd. held 32.27% of the shares, amounting to 262,566,915 shares, with 105,500,000 shares pledged[12]. Miscellaneous - The company has not engaged in derivative investments during the reporting period, indicating a conservative investment strategy[54]. - The company has not reported any violations regarding external guarantees during the reporting period, reflecting a stable financial position[59]. - The company has not experienced any non-operational fund occupation by controlling shareholders or related parties during the reporting period, ensuring financial integrity[60].