ACEG(600502)2024-10-25 10:40Financial Performance - Revenue for the third quarter was RMB 20.50 billion, a decrease of 8.71% year-over-year[2] - Net profit attributable to shareholders was RMB 349.10 million, down 14.42% compared to the same period last year[2] - Basic earnings per share (EPS) for the quarter was RMB 0.20, a decrease of 16.67% year-over-year[3] - Weighted average return on equity (ROE) decreased by 0.7 percentage points to 2.45%[3] - Total operating revenue for the first three quarters of 2024 was RMB 53.96 billion, a decrease of 9.96% compared to RMB 59.93 billion in the same period of 2023[15] - Net profit attributable to the parent company's shareholders was RMB 962.04 million, a decrease of 9.55% compared to RMB 1.06 billion in the same period of 2023[17] - Comprehensive income for the first three quarters of 2024 reached 1,319,538,405.61 yuan, a decrease from 1,432,276,942.39 yuan in the same period last year[18] Assets and Liabilities - Total assets increased by 4.99% to RMB 179.63 billion compared to the end of the previous year[3] - Equity attributable to shareholders rose by 11.71% to RMB 13.93 billion[3] - Total assets increased to 179.628 billion yuan as of September 30, 2024, from 171.084 billion yuan at the end of 2023[12] - Total liabilities increased to RMB 154.32 billion, up 4.94% from RMB 147.05 billion at the end of 2023[13] - Long-term borrowings increased by 14.74% to RMB 40.83 billion compared to RMB 35.59 billion at the end of 2023[13] - Contract liabilities increased by 15.45% to RMB 13.77 billion from RMB 11.92 billion at the end of 2023[13] - Total equity attributable to the parent company's shareholders increased by 11.71% to RMB 13.93 billion from RMB 12.47 billion at the end of 2023[14] Cash Flow - Cash flow from operating activities was negative RMB 5.26 billion year-to-date, primarily due to increased outflows from construction and PPP projects[5] - Net cash flow from operating activities for the first three quarters of 2024 was -5,255,248,547.38 yuan, compared to 111,860,642.48 yuan in the same period last year[19] - Net cash flow from investing activities for the first three quarters of 2024 was -4,390,001,219.37 yuan, compared to -2,587,932,751.69 yuan in the same period last year[19] - Net cash flow from financing activities for the first three quarters of 2024 was 7,299,338,529.09 yuan, an increase from 2,468,864,465.25 yuan in the same period last year[20] - Cash received from sales of goods and services for the first three quarters of 2024 was 51,153,816,120.79 yuan, a decrease from 63,800,440,184.41 yuan in the same period last year[18] - Cash paid for goods and services for the first three quarters of 2024 was 48,492,602,016.42 yuan, a decrease from 57,541,391,446.72 yuan in the same period last year[19] - Cash paid to employees for the first three quarters of 2024 was 3,239,592,906.27 yuan, an increase from 2,842,325,519.60 yuan in the same period last year[19] - Cash received from tax refunds for the first three quarters of 2024 was 79,943,294.06 yuan, an increase from 32,797,625.33 yuan in the same period last year[19] - Cash received from investments for the first three quarters of 2024 was 13,242,478.49 yuan, a decrease from 22,686,145.40 yuan in the same period last year[19] - Cash received from financing activities for the first three quarters of 2024 was 23,745,825,252.49 yuan, an increase from 21,888,944,176.52 yuan in the same period last year[20] Business Operations - The company achieved a total new engineering contract value of 31.475 billion yuan in Q3 2024, a year-on-year increase of 17.85%, with a cumulative new contract value of 103.762 billion yuan for the first three quarters, up 2.21% year-on-year[10] - Infrastructure business accounted for 71.84% of the total new contracts in the first three quarters, with water conservancy engineering new contracts growing by 333.41% year-on-year[10] - Emerging business orders grew rapidly, with design and testing business new contracts reaching 1.381 billion yuan, up 37.89% year-on-year, and intelligent manufacturing business new contracts reaching 2.33 billion yuan, up 255.83% year-on-year[10] - Building industrialization business new contracts reached 890 million yuan, up 0.20% year-on-year, and building materials trading business new contracts reached 67.946 billion yuan, up 157.51% year-on-year[10] Shareholder Information - The company's largest shareholder, Anhui Construction Engineering Group Holding Co., Ltd., holds 32.14% of the shares[6] - The number of ordinary shareholders at the end of the reporting period was 69,545[6] Other Financial Metrics - Non-recurring gains and losses amounted to RMB 58.36 million for the quarter[4] - The company's monetary funds stood at 13.417 billion yuan as of September 30, 2024, compared to 16.025 billion yuan at the end of 2023[11] - Accounts receivable increased to 48.825 billion yuan as of September 30, 2024, from 48.094 billion yuan at the end of 2023[11] - Prepayments increased to 1.915 billion yuan as of September 30, 2024, from 1.236 billion yuan at the end of 2023[12] - Other receivables increased to 6.257 billion yuan as of September 30, 2024, from 4.585 billion yuan at the end of 2023[12] - Inventory decreased to 14.850 billion yuan as of September 30, 2024, from 15.810 billion yuan at the end of 2023[12] - R&D expenses increased by 3.18% to RMB 1.29 billion compared to RMB 1.25 billion in the same period of 2023[15] - Interest expenses increased by 2.74% to RMB 1.63 billion compared to RMB 1.58 billion in the same period of 2023[17] - Credit impairment losses increased by 23.26% to RMB 307.27 million compared to RMB 249.30 million in the same period of 2023[17] - Other comprehensive income improved to a gain of RMB 15.91 million, compared to a loss of RMB 14.31 million in the same period of 2023[17]