福建高速(600033) - 2020 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY 248,307,001.90, down 62.61% year-on-year[18]. - Operating revenue for the first nine months was CNY 1,517,547,432.43, a decrease of 27.39% compared to the same period last year[18]. - Basic earnings per share decreased by 62.60% to CNY 0.0905[20]. - The weighted average return on net assets was 2.59%, a decrease of 4.56 percentage points compared to the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 309,180,501.37, down 53.32% year-on-year[18]. - Total revenue for Q3 2020 reached ¥827,274,982.78, an increase from ¥737,848,530.88 in Q3 2019, representing a growth of approximately 12.0%[49]. - Net profit for Q3 2020 was ¥300,598,749.13, compared to ¥286,713,969.61 in Q3 2019, reflecting a growth of approximately 4.3%[53]. - Total comprehensive income for Q3 2020 amounted to CNY 437.23 million, significantly higher than CNY 289.38 million in Q3 2019, marking an increase of approximately 51.1%[62]. - The company’s total comprehensive income for the first three quarters of 2020 was CNY 978.82 million, compared to CNY 412.25 million in the same period of 2019, representing a growth of approximately 137%[62]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 16,040,355,705.34, a decrease of 6.59% compared to the end of the previous year[18]. - Total assets decreased from CNY 17,172,450,462.63 to CNY 16,040,355,705.34, a decline of approximately 6.6%[42]. - Current assets decreased significantly from CNY 1,987,174,142.54 to CNY 1,210,925,141.00, representing a reduction of about 39%[42]. - Non-current assets also saw a decrease from CNY 15,185,276,320.09 to CNY 14,829,430,564.34, a decline of approximately 2.3%[42]. - Total liabilities decreased from CNY 5,437,747,413.88 to CNY 4,056,463,125.90, a reduction of about 25.4%[42]. - The company's equity attributable to shareholders increased from CNY 9,510,749,082.72 to CNY 9,674,683,780.03, an increase of approximately 1.7%[43]. - Total liabilities also decreased from ¥3,250,467,376.05 to ¥2,157,459,881.66, a reduction of approximately 33.6%[49]. - The company's long-term borrowings decreased from CNY 1,608,010,000.00 to CNY 1,508,940,000.00, a reduction of approximately 6.2%[42]. Cash Flow - Net cash flow from operating activities increased by 42.89% to CNY 1,348,959,956.25 for the first nine months[18]. - Operating cash inflow for the first three quarters of 2020 reached CNY 1,868,500,971.80, an increase of 17.4% compared to CNY 1,591,686,455.93 in the same period of 2019[64]. - Cash outflow from operating activities totaled CNY 519,541,015.55, a decrease of 19.8% from CNY 647,635,470.80 in the previous year[64]. - Cash inflow from financing activities amounted to CNY 597,420,000.00, with total cash outflow from financing activities reaching CNY 2,160,376,415.36[67]. - The net increase in cash and cash equivalents for the third quarter of 2020 was -CNY 532,155,334.60, compared to an increase of CNY 22,156,741.55 in the same quarter of 2019[67]. Shareholder Information - The total number of shareholders at the end of the reporting period was 101,051[24]. - The largest shareholder, Fujian Provincial Highway Group, held 36.16% of the shares[24]. Operational Highlights - The company reported a non-operating income of CNY 2,130,764.53 for the third quarter[23]. - The company anticipates significant revenue decline due to a 79-day toll exemption policy during the COVID-19 pandemic[32]. - Operating revenue decreased by 27.39% to ¥1,517,547,432.43 from ¥2,089,862,606.63, primarily due to the impact of COVID-19 on toll income[29]. - Financial expenses decreased by 29.48% to ¥101,792,993.02 from ¥144,353,833.84, due to lower interest rates and reduced interest-bearing liabilities[29]. Investment and Expenses - Investment income decreased significantly by 332.00% to -¥28,612,869.80 from -¥6,623,376.83, primarily due to prior period gains from Xiamen International Bank investments[29]. - Research and development expenses for the year totaled ¥101,792,993.02, compared to ¥144,353,833.84 in the previous year, indicating a decrease of approximately 29.4%[53]. - The company reported a significant reduction in financial expenses, down to ¥19,944,216.13 from ¥46,262,370.47, a decrease of about 56.9%[53].