CJS(SH:600176)2018-10-18 16:00Financial Performance - Net profit attributable to shareholders increased by 23.26% to CNY 1.91 billion for the first nine months of the year[8] - Operating revenue for the first nine months reached CNY 7.63 billion, reflecting an 18.48% increase year-on-year[8] - The weighted average return on equity rose by 0.99 percentage points to 14.60%[8] - Year-to-date operating revenue for 2018 was ¥7,629,350,441.43, up 18.5% from ¥6,439,317,649.58 in the previous year[28] - Operating profit for the third quarter was ¥783,753,959.45, up 20.2% from ¥651,755,380.35 in the same quarter of 2017[28] - Year-to-date operating profit reached ¥2,301,502,926.92, an increase of 23.9% compared to ¥1,856,269,107.08 in the previous year[28] - The company reported a net profit margin of approximately 30% for the third quarter, reflecting strong operational efficiency[28] - The net profit for Q3 2018 reached ¥645,924,346.16, up 17.9% from ¥547,171,044.13 in Q3 2017[29] - The total comprehensive income for Q3 2018 was ¥614,334,530.19, an increase of 25.1% from ¥490,994,341.48 in Q3 2017[29] - Basic earnings per share for Q3 2018 were ¥0.1843, compared to ¥0.1557 in Q3 2017, reflecting a growth of 18.0%[29] Asset and Liability Management - Total assets increased by 18.99% to CNY 29.50 billion compared to the end of the previous year[8] - The company's total assets reached ¥29,499,501,077.46, up from ¥24,791,808,201.34 at the beginning of the year[22] - Current liabilities increased to ¥11,749,545,238.09, compared to ¥7,819,976,985.42 at the start of the year[22] - The company's total liabilities amounted to ¥15,559,211,867.76, up from ¥12,238,394,938.91 at the start of the year[22] - The equity attributable to shareholders increased to ¥13,648,635,622.58 from ¥12,448,657,302.83 at the beginning of the year[22] - Total liabilities increased to ¥5,245,957,901.03 from ¥4,407,916,137.97 at the beginning of the year, representing a rise of 19.0%[26] Cash Flow Analysis - Cash flow from operating activities for the first nine months was CNY 2.44 billion, an increase of 8.45% compared to the same period last year[8] - Operating cash inflow for the year-to-date reached CNY 7,108,213,344.39, an increase of 12.7% compared to CNY 6,307,775,829.08 in the previous year[35] - Net cash flow from operating activities was CNY 2,436,727,906.63, up from CNY 2,246,882,816.13, reflecting a growth of 8.5% year-over-year[35] - Cash inflow from investment activities totaled CNY 1,521,044,621.26, a significant decrease of 59.7% from CNY 3,769,450,843.19 in the prior year[36] - Net cash flow from investment activities was negative at CNY -3,017,103,471.75, compared to CNY -748,610,395.43 in the same period last year[36] - Cash inflow from financing activities amounted to CNY 6,307,305,654.10, slightly up from CNY 6,282,219,062.48, indicating a marginal increase of 0.4%[36] - Net cash flow from financing activities improved to CNY 567,749,185.83, compared to a loss of CNY -1,487,341,291.60 in the previous year[36] - The total cash and cash equivalents at the end of the period stood at CNY 1,880,736,218.49, an increase from CNY 1,762,065,982.99 year-over-year[36] Operational Efficiency - Total operating costs for the third quarter were ¥1,842,322,321.89, a rise of 5.9% from ¥1,739,203,052.54 in the same quarter of 2017[28] - Year-to-date total operating costs amounted to ¥5,356,333,881.58, an increase of 15.2% compared to ¥4,651,801,949.08 in the same period last year[28] - The gross profit margin for the first nine months of 2018 was approximately 12.4%, compared to 10.4% in the same period of 2017[32] - The financial expenses for Q3 2018 were ¥43,902,488.50, significantly higher than ¥18,960,499.22 in Q3 2017, indicating increased borrowing costs[32] - The company reported a total tax expense of ¥138,396,969.42 for Q3 2018, compared to ¥105,304,548.16 in Q3 2017, representing a 31.4% increase[29] Investment and Growth Strategy - Prepayments increased by 71.69% to CNY 545.74 million due to increased engineering prepayments[12] - Construction in progress rose by 112.38% to CNY 2.66 billion, attributed to new and upgraded production lines[12] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[31]