CPEC(600339)2024-10-29 10:11Financial Performance - The company's operating revenue for Q3 2024 was ¥18,825,529,002.03, representing a year-on-year increase of 3.88%[2] - The net profit attributable to shareholders for Q3 2024 was ¥104,823,485.51, a decrease of 52.13% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥90,102,317.28, down 58.56% year-on-year[2] - The basic earnings per share for Q3 2024 was ¥0.0188, reflecting a decline of 52.04% compared to the previous year[3] - Total operating revenue for the first three quarters of 2024 was CNY 51.17 billion, a decrease of 3.2% compared to CNY 52.85 billion in the same period of 2023[20] - Net profit for the first three quarters of 2024 was CNY 630.29 million, a decline of 29.7% from CNY 896.77 million in the same period of 2023[21] - The total comprehensive income for the third quarter of 2024 was CNY 629,826,348.78, a decrease from CNY 898,855,778.82 in the same period of 2023, reflecting a decline of approximately 30%[22] - Basic and diluted earnings per share for the third quarter of 2024 were CNY 0.1132, down from CNY 0.1604 in the third quarter of 2023, representing a decrease of about 29.4%[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥109,949,976,198.60, an increase of 2.21% from the end of the previous year[3] - The company's total assets reached RMB 109.950 billion as of September 30, 2024, an increase from RMB 107.569 billion at the end of 2023[17] - The company's total liabilities as of the end of the third quarter of 2024 were CNY 83.34 billion, an increase from CNY 81.41 billion at the end of 2023[19] - The total equity attributable to shareholders of the parent company was CNY 26.55 billion, up from CNY 26.11 billion in the previous year[19] Cash Flow - The net cash flow from operating activities for the year-to-date was negative at -¥7,316,440,960.40[3] - Cash inflows from operating activities for the first three quarters of 2024 amounted to CNY 59,269,089,869.34, compared to CNY 52,308,664,404.89 in the same period of 2023, indicating an increase of approximately 13.7%[24] - The net cash flow from operating activities for the first three quarters of 2024 was -CNY 7,316,440,960.40, an improvement from -CNY 9,614,186,972.35 in the same period of 2023[24] - The total cash outflow from operating activities for the first three quarters of 2024 was CNY 66,585,530,829.74, compared to CNY 61,922,851,377.24 in the same period of 2023, indicating an increase of approximately 7.5%[24] - The cash and cash equivalents at the end of the third quarter of 2024 were CNY 27,345,021,698.80, an increase from CNY 22,394,770,388.46 at the end of the same period in 2023[25] Contracts and Revenue Growth - The total new contracts signed during the reporting period amounted to RMB 94.263 billion, representing a year-on-year growth of 17.62%[12] - Of the new contracts, RMB 71.166 billion (75.50%) were signed domestically, while RMB 23.097 billion (24.50%) were signed internationally[12] - The new contracts in the pipeline and storage engineering business totaled RMB 35.459 billion, accounting for 37.62% of the new contracts[13] Expenses and Investments - The company reported a decrease in gross profit margin in its pipeline and storage business due to intensified market competition[5] - Research and development expenses increased to CNY 1.07 billion in the first three quarters of 2024, up 62.5% from CNY 658.94 million in 2023[20] - The company plans to continue investing in technology research and development despite the increased costs impacting profitability[5] - The company reported a decrease in sales expenses to CNY 63.13 million in 2024 from CNY 71.11 million in 2023[20] - The company's financial expenses improved, showing a net income of CNY -65.76 million in 2024 compared to CNY -201.43 million in 2023[20] Other Financial Metrics - Non-recurring gains and losses for the reporting period totaled ¥14,721,168.23, with significant contributions from government subsidies and asset disposals[4] - The weighted average return on equity for Q3 2024 was 0.40%, a decrease of 0.45 percentage points year-on-year[3] - The cash and cash equivalents stood at RMB 27.833 billion, down from RMB 34.143 billion at the end of 2023[15] - Accounts receivable increased to RMB 12.748 billion from RMB 9.306 billion, indicating a significant rise in outstanding payments[15] - The total inventory reached RMB 17.709 billion, up from RMB 12.867 billion, reflecting increased stock levels[17] - The company engaged in related party transactions amounting to RMB 1.884 billion in sales of goods and services to its parent company[13] - The company received CNY 123,876,210.67 in tax refunds during the first three quarters of 2024, a decrease from CNY 261,004,474.49 in the same period of 2023[24] - The company reported a net cash outflow from investment activities of -CNY 138,872,823.12 for the first three quarters of 2024, an improvement from -CNY 626,943,586.86 in the same period of 2023[24] - The company has not reported any changes in the status of major shareholders due to securities lending activities[11]