CSCEC(SH:601668)2024-10-25 10:43Financial Performance - The company's operating revenue for Q3 2024 was CNY 481,921,938, a decrease of 13.62% compared to the same period last year[2] - The total profit for Q3 2024 was CNY 15,185,905, reflecting a decline of 27.78% year-on-year[2] - The net profit attributable to shareholders for Q3 2024 was CNY 10,253,185, down 30.16% from the previous year[3] - The basic earnings per share for Q3 2024 was CNY 0.25, a decrease of 28.57% compared to the same period last year[3] - Revenue for the period was CNY 1.63 trillion, a decrease of 2.7% year-on-year[14] - Net profit attributable to shareholders was CNY 39.7 billion, down 9.0% year-on-year[14] - Operating revenue for the first three quarters of 2024 was CNY 1,626,540,973, a decrease of 2.66% compared to CNY 1,671,241,806 in the same period of 2023[25] - Net profit for the first three quarters of 2024 was CNY 52,164,702, down 8.43% from CNY 56,756,317 in the previous year[25] - The company reported a decrease in comprehensive income to CNY 51,321,897 from CNY 55,440,882, a decline of 7.67%[27] Cash Flow and Management - The net cash flow from operating activities for Q3 2024 was CNY 31,759,855, indicating a significant improvement in cash management[3] - The company's cash flow from operations showed a net outflow reduction of RMB 318 million compared to the previous period[20] - Operating cash flow for the first three quarters of 2024 was -77,009,359 thousand RMB, a decrease from -16,351,463 thousand RMB in the same period of 2023[28] - The cash flow from operating activities generated a net amount of CNY 621,080, a significant recovery from a net outflow of CNY -3,379,472 in the first three quarters of 2023[36] - The cash flow from investing activities yielded a net inflow of CNY 7,021,468, down from CNY 9,150,709 in the same period last year[36] - The cash flow from financing activities resulted in a net outflow of CNY -7,468,679, an improvement from CNY -10,650,078 in the previous year[37] Assets and Liabilities - The total assets as of the end of the reporting period were CNY 3,273,640,618, an increase of 12.75% year-on-year[3] - The company's total liabilities rose to CNY 2,493,265,142, an increase of 14.77% from CNY 2,172,252,410 year-over-year[23] - The total current assets as of September 30, 2024, amounted to RMB 2,363,732 million, an increase from RMB 2,048,962 million at the end of 2023[22] - The company's total assets increased to CNY 3,273,640,618 from CNY 2,903,322,519, representing a growth of approximately 12.74% year-over-year[23] - The company's total liabilities increased to 210,511,954 thousand RMB in 2024 from 204,276,548 thousand RMB in 2023[32] Shareholder Equity - The equity attributable to shareholders increased to CNY 456,283,641, representing a growth of 6.71% compared to the previous year[3] - The total equity attributable to shareholders increased to CNY 456,283,641 from CNY 427,609,892, reflecting a growth of 6.67%[23] - The total equity increased to 151,052,136 thousand RMB in 2024 from 147,057,494 thousand RMB in 2023, indicating a growth of approximately 2%[32] Contracts and Business Segments - The company signed new contracts worth CNY 3.25 trillion, a year-on-year increase of 4.7%[14] - The construction business signed new contracts totaling CNY 2.001 trillion, a year-on-year increase of 0.9%[15] - The infrastructure business saw new contracts worth CNY 976.3 billion, a significant increase of 25.9% year-on-year[14] - The real estate segment achieved contract sales of CNY 260.5 billion, with a sales area of 9.45 million square meters[15] - The company’s overseas business signed new contracts amounting to CNY 165.1 billion, a year-on-year increase of 77.6%[16] - The company acquired land reserves of 4.72 million square meters, primarily in first-tier and strong second-tier cities[15] Research and Development - Research and development expenses decreased to CNY 24,567,855 from CNY 27,758,282, a reduction of 11.06% year-over-year[25] - The company reported a decrease in research and development expenses to CNY 28,974, down 61.9% from CNY 76,106 in the first three quarters of 2023[34] ESG and Future Plans - The company is focusing on enhancing its ESG governance framework, addressing key issues such as environment, supply chain, and safety[20] - The company plans to increase its shareholding through its controlling shareholder, with a proposed investment of no less than RMB 6 billion and no more than RMB 12 billion over the next 12 months[21] Inventory and Costs - The company's inventory increased to RMB 824,723 million from RMB 796,342 million, indicating a focus on managing stock levels[22] - The company’s inventory rose significantly to 617,505 thousand RMB in Q3 2024 from 379,916 thousand RMB in Q4 2023[31] - The company’s total operating costs decreased to CNY 1,556,381,628 from CNY 1,598,613,078, a decline of 2.65% year-over-year[25]