2019-10-28 16:00Financial Performance - Net profit attributable to shareholders was CNY 33,376,530, a decrease of 86.48% year-on-year[7]. - Operating revenue for the reporting period was CNY 1,388,092,945.70, representing a growth of 10.02% compared to the same period last year[7]. - Basic earnings per share decreased by 86.36% to CNY 0.03[7]. - The company reported a loss of 252,788,083.19 CNY in fair value changes of financial assets, impacting profit growth[29]. - Net profit for the quarter was CNY 32,633,145.27, a significant decrease of 86.8% from CNY 246,855,566.15 in the previous year[50]. - Net profit for the period was CNY 328,240,267.08, a decrease of 66.3% from CNY 972,108,444.59 in the same period last year[57]. - The total comprehensive income for the quarter was CNY 126,982,843.49, a decrease from CNY 336,544,574.71 year-over-year[51]. - The company reported a significant increase in financial expenses, totaling CNY 78,601,046.01, compared to CNY 49,766,292.01 in the prior period[55]. - The company incurred financial expenses of CNY 73,934,113.81, which is an increase of 65.5% from CNY 44,718,715.90 in the previous year[61]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 14,021,512,065.50, an increase of 3.70% compared to the end of the previous year[7]. - The company's total assets increased to CNY 12,801,385,964.66, compared to CNY 12,362,407,160.97 in the previous year[50]. - Total liabilities reached CNY 5,543,543,565.09, reflecting an increase of CNY 38,959,449.74 from the prior period[78]. - Current liabilities decreased to CNY 3.56 billion from CNY 3.83 billion, a reduction of about 7.1%[41]. - Total liabilities amounted to approximately CNY 5.12 billion, with a slight increase of CNY 1.2 million compared to the previous period[80]. - The company reported a total liability of CNY 5.83 billion, an increase from CNY 5.54 billion, representing a growth of 5.2%[41]. Cash Flow - The net cash flow from operating activities was CNY 33,228,755.48, down 77.05% year-on-year[7]. - Cash and cash equivalents decreased by 43.87% to ¥2,021,879,895.70 due to the use of raised funds for investment projects[15]. - The cash flow from operating activities generated a net amount of CNY 227,617,242.19, up from CNY 111,751,982.93 in the same quarter last year[66]. - The net cash flow from operating activities was negative at -9,439,540.97 CNY, a significant decrease compared to 49,696,082.17 CNY in the same period last year[69]. - Total cash inflow from investment activities was 864,889,838.20 CNY, while cash outflow was 2,474,549,912.03 CNY, resulting in a net cash flow of -1,609,660,073.83 CNY[69]. Shareholder Information - The top shareholder, Li Liangbin, holds 20.87% of the shares, with 202,327,839 shares pledged[11]. - The total number of ordinary shareholders at the end of the reporting period was 165,626[11]. - The company plans to repurchase and cancel a total of 22,484,370 restricted stocks, accounting for 1.71% of the total share capital, at a price of 30.21 CNY per share[23]. Investments - Long-term equity investments increased by 92.89% to ¥3,347,584,457.93 primarily due to additional stakes in RIM and ME companies[15]. - The company completed the acquisition of a 50% stake in Minera Exar for $16 million, increasing its ownership from 37.5%[17]. - The company invested £1,440,009.1 in Bacanora and £756,364.9 in Sonora, acquiring up to 29.99% and 22.5% stakes respectively[19]. Expenses - Operating costs rose by 44.90% to ¥3,204,182,776.79 driven by increased sales volume[16]. - Sales expenses increased by 58.97% to ¥79,765,588.22 due to higher sales volume[16]. - Research and development expenses rose to CNY 18,379,923.96, up from CNY 16,010,635.92, reflecting a focus on innovation[49]. - Research and development expenses increased to CNY 55,227,336.63, up from CNY 43,503,891.43 year-over-year[55]. Accounting Policies - The company has made adjustments to its accounting policies, which were disclosed in December 2018[7]. - The company implemented new leasing standards effective January 1, 2019, impacting the accounting treatment of leases[75]. - The company implemented new leasing standards starting January 1, 2019, affecting the accounting treatment of leases[80]. Miscellaneous - The company has no overdue commitments from controlling shareholders or related parties during the reporting period[27]. - The company has no violations regarding external guarantees during the reporting period[32]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[33]. - The company has no entrusted financial management during the reporting period[34]. - The report for the third quarter was not audited, indicating that the figures may be subject to further review[82].