CCCC(SH:601800)2024-10-30 08:45Financial Performance - The company's operating revenue for the third quarter was CNY 179.19 billion, a decrease of 1.73% year-on-year[11]. - Net profit attributable to shareholders was CNY 4.88 billion, down 0.65% compared to the same period last year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2.90 billion, a significant decrease of 32.86% year-on-year[11]. - Total operating revenue for the first three quarters of 2024 was CNY 536.64 billion, a decrease of 2.4% compared to CNY 549.03 billion in the same period of 2023[48]. - Net profit for the first three quarters of 2024 was CNY 20.99 billion, slightly up from CNY 20.86 billion in the same period of 2023, representing a growth of 0.6%[48]. - The company’s total comprehensive income attributable to shareholders of the parent company was CNY 20.02 billion, an increase from CNY 15.88 billion year-over-year[50]. Assets and Liabilities - The total assets at the end of the reporting period reached CNY 1.90 trillion, an increase of 12.94% from the end of the previous year[13]. - The total liabilities of the company reached CNY 1,430.30 billion, compared to CNY 1,225.21 billion in the previous year[46]. - The equity attributable to shareholders increased to CNY 315.45 billion from CNY 301.75 billion year-on-year[46]. - The company's cash and cash equivalents increased to CNY 159.10 billion from CNY 120.98 billion year-on-year[44]. - The total cash and cash equivalents at the end of the period was CNY 24.26 billion, a decrease from CNY 32.23 billion at the end of the same period in 2023[67]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 77.03 billion, compared to a net outflow of CNY 50.37 billion in the same period last year[19]. - In the first three quarters of 2024, the cash inflow from operating activities was CNY 21.41 billion, a decrease of 37.5% compared to CNY 34.33 billion in the same period of 2023[67]. - The net cash flow from operating activities was -CNY 19.99 billion, compared to -CNY 8.36 billion in the first three quarters of 2023, indicating a worsening cash flow situation[67]. - Cash inflow from financing activities reached CNY 95.45 billion, an increase of 13.5% compared to CNY 83.95 billion in the same period of 2023[67]. - Cash flow from investing activities resulted in a net outflow of CNY 22.09 billion, compared to a net outflow of CNY 50.28 billion in the previous year[53]. Contracts and Business Growth - The company signed new contracts worth CNY 1.28 trillion during the reporting period, representing a year-on-year growth of 9.28%[18]. - The company signed new contracts worth CNY 12,804.56 billion, a year-on-year increase of 9.28%, achieving 64% of the annual target of CNY 17,532.15 billion[30]. - The infrastructure construction business accounted for CNY 11,494.50 billion of the new contracts, while emerging business areas achieved new contracts of CNY 3,900 billion, up 27% year-on-year[30]. - New contracts from overseas regions totaled CNY 2,651.62 billion (approximately USD 376.24 billion), representing a year-on-year growth of 24.66% and accounting for 21% of total new contracts[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 158,151, with 146,345 holding A shares and 11,806 holding H shares[21]. - The largest shareholder, China Communications Construction Group, holds 57.59% of the shares[23]. Financing Activities - The company plans to issue a super short-term financing bond of CNY 30 billion with a coupon rate of 1.82% on July 16, 2024[31]. - A technology innovation corporate bond of CNY 5 billion will be issued on August 15, 2024, with a coupon rate of 1.98%[32]. - Another super short-term financing bond of CNY 20 billion will be issued on August 16, 2024, with a coupon rate of 1.92%[34]. - The company issued a super short-term financing bond of CNY 2 billion on July 26, 2024, with a coupon rate of 1.92%[38]. - A public offering of technology innovation corporate bonds was conducted on August 15, 2024, with a total issuance of CNY 1.5 billion and a coupon rate of 2.05%[40]. Research and Development - Research and development expenses for the first three quarters were CNY 17.44 billion, a slight increase from CNY 17.31 billion in the same period of 2023[48]. - Research and development expenses rose to CNY 88.92 million, compared to CNY 14.53 million in the previous year, indicating a substantial increase of 510.5%[64].