GDG(SH:600098)2018-10-30 16:00Financial Performance - Net profit attributable to shareholders was CNY 644.69 million, an increase of 8.76% year-on-year[6]. - Operating revenue for the first nine months reached CNY 18.65 billion, reflecting a growth of 6.81% compared to the same period last year[6]. - The net cash flow from operating activities was CNY 1.32 billion, up by 5.00% year-on-year[6]. - The weighted average return on equity increased by 0.14 percentage points to 3.97%[6]. - Total operating revenue for Q3 2018 was approximately ¥6.40 billion, a decrease of 11.87% compared to ¥7.26 billion in Q3 2017[24]. - Net profit for Q3 2018 was approximately ¥238.47 million, down 29.05% from ¥336.36 million in Q3 2017[26]. - Basic earnings per share for Q3 2018 were ¥0.0767, compared to ¥0.0863 in Q3 2017, a decrease of 6.67%[26]. - The total comprehensive income for Q3 2018 was approximately ¥195.84 million, down from ¥230.27 million in Q3 2017[26]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 38.34 billion, a decrease of 0.55% compared to the end of the previous year[6]. - The company's total equity attributable to shareholders increased by 2.24% to CNY 16.38 billion compared to the end of the previous year[6]. - The current portion of non-current liabilities surged by 1357.68% to CNY 2.27 billion, primarily due to the reclassification of bonds[11]. - Total liabilities decreased to CNY 18,703,022,056.16 from CNY 19,298,423,558.90, indicating a reduction of about 3.1%[19]. - The total assets of the company as of September 30, 2018, were CNY 38,338,090,223.05, down from CNY 38,549,382,719.77 at the beginning of the year[19]. - The total non-current assets amounted to CNY 27,789,549,132.01, down from CNY 28,017,407,778.30, a decrease of approximately 0.8%[18]. Cash Flow - Cash flow from financing activities showed a net outflow of ¥975,503,863.86, a decline of 158.46% compared to the previous year due to the absence of bond issuance this year[13]. - Cash and cash equivalents decreased by 110.70% to -¥251,533,088.81 from ¥2,351,223,610.46, primarily due to the lack of bond issuance[13]. - Cash inflow from financing activities was $3,400,000,000.00, a decrease of 54.2% from $7,400,000,000.00 in the prior year[37]. - Net cash flow from financing activities was -$270,797,231.36, contrasting with a positive $420,585,073.70 in the same period last year[37]. - Cash inflow from investment activities totaled $2,811,340,463.20, down 23.8% from $3,691,322,159.53 in the previous year[36]. Investments and Expenditures - The company plans to increase investments in Guangzhou Development Gas Investment Co., Ltd. and Guangzhou Development Leasing Co., Ltd. by ¥148,254,406.03 and ¥150,982,302.40 respectively[13]. - The company approved an investment of 4,378.42 million CNY for the construction of the Guangzhou LNG emergency peak-shaving gas source station project, with 1,520.20 million CNY coming from its own capital[15]. - The company agreed to increase the registered capital of its wholly-owned subsidiary, Guangzhou Development New Energy Investment Co., Ltd., by ¥18,200,000[13]. - Cash paid for investments was $1,103,694,947.09, significantly lower than $2,934,038,460.32 in the previous year[36]. - Cash paid for purchasing fixed assets and intangible assets was $4,755,795.90, down from $19,431,671.53 year-over-year[36]. Research and Development - R&D expenses surged by 275.63% to ¥128,146,444.77 from ¥34,114,737.28, reflecting increased investment in innovation[12]. - Research and development expenses increased significantly to approximately ¥55.29 million in Q3 2018, compared to ¥9.98 million in Q3 2017, reflecting a growth of 453.66%[25]. - Research and development expenses increased to ¥295,121.43, up from ¥40,943.39 year-over-year, indicating a focus on innovation[29]. Shareholder Information - The number of shareholders at the end of the reporting period was 71,547[8]. - The company distributed a cash dividend of 0.10 CNY per share, totaling 272.62 million CNY based on a total share capital of 2,726,196,558 shares[14]. Regulatory and Market Changes - The price of pipeline natural gas for non-residential use was reduced from 4.25 CNY/m³ to 4.17 CNY/m³ starting June 1, 2018, and the gas distribution price for the West-to-East Gas Pipeline was decreased from 0.26 CNY/m³ to 0.15 CNY/m³[15]. - The company’s subsidiary received a notification regarding the adjustment of natural gas prices, which is expected to impact operational costs positively[15].