山西路桥(000755) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥218,882,116.72, representing a decline of 42.52% year-on-year[7]. - Net profit attributable to shareholders was ¥58,118,144.79, a decrease of 179.35% compared to the same period last year[7]. - The significant decrease in revenue and profit was primarily due to the impact of the COVID-19 pandemic, which led to a suspension of toll fees from February 17 to May 6, 2020[18]. - The company reported a net profit excluding non-recurring gains and losses of ¥59,578,611.52, a decrease of 171.93% year-on-year[7]. - Total revenue for the current period is 382,012,281.91, down from 664,611,383.89, a decrease of approximately 42.5%[46]. - Net profit for the current period is -88,397,602.37, compared to 111,405,233.53 in the previous period, indicating a significant loss[47]. - The total comprehensive income attributable to the parent company was -88,397,602.37 CNY, compared to 111,405,233.53 CNY in the previous period[48]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥8,251,596,726.65, a decrease of 3.52% compared to the end of the previous year[7]. - Total assets as of September 30, 2020, were ¥8,251,596,726.65, down from ¥8,552,836,246.28 at the end of 2019, reflecting a decrease of about 3.5%[29]. - Total liabilities decreased to ¥7,124,691,692.86 from ¥7,337,533,610.12, which is a reduction of approximately 2.9%[32]. - The company's non-current liabilities decreased to ¥5,005,996,894.59 from ¥5,165,977,123.22, indicating a decline of about 3.1%[32]. - The total liabilities decreased to CNY 941,273,165.01 from CNY 956,157,784.06, reflecting a decline of approximately 1.6%[36]. - Owner's equity totaled CNY 807,531,295.00, with retained earnings showing a deficit of CNY 1,015,489,211.57[66]. Cash Flow - The net cash flow from operating activities was ¥161,036,771.70, down 48.56% year-on-year[7]. - Cash and cash equivalents at the end of the period were ¥151,520.40, significantly lower than ¥247,959,583.50 at the end of the previous period[56]. - Cash outflow from operating activities totaled ¥4,261,541.20, down 88.3% from ¥36,506,557.89 in the previous period[56]. - Net cash flow from operating activities was -¥441,323.53, compared to -¥24,778,027.21 in the previous period, indicating an improvement[56]. - Cash outflow from financing activities was -314,662,633.02 CNY, compared to -388,229,876.81 CNY in the previous period[54]. Shareholder Information - The top shareholder, Shanxi Road and Bridge Construction Group Co., Ltd., holds 27.79% of the shares[9]. - The company did not engage in any repurchase transactions during the reporting period[13]. Investments and Acquisitions - The company is planning to acquire Shanxi Pingyu Expressway Co., Ltd. by issuing shares to purchase assets from Shanxi Provincial Highway Group Co., Ltd.[19]. - The company reported no significant changes in its financial investments or derivative investments during the reporting period[20][22]. - The company has not engaged in any trust investment activities during the reporting period[23]. Operational Metrics - Basic earnings per share were ¥0.1238, an increase of 90.46% compared to the previous period[7]. - The weighted average return on net assets was 4.96%, a decrease of 17.66% year-on-year[7]. - Operating profit increased to CNY 59,578,611.52, up from CNY 36,541,187.54, indicating a growth of 62.9% year-over-year[37]. - Management expenses decreased to 10,266,396.34 from 20,767,531.20, a decline of approximately 50.7%[47]. Changes in Accounting Standards - The company implemented new revenue and leasing standards starting January 1, 2020, requiring adjustments to the financial statements[57]. - The company has adopted new revenue and leasing standards effective January 1, 2020, impacting financial reporting[67].