CC GAS(SH:600333)2018-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 1,042,408,595.19, representing an increase of 11.78% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 129,066,484.92, compared to a loss of CNY 13,606,425.31 in the same period last year[6] - The weighted average return on net assets decreased by 5.34 percentage points to -6.11%[6] - Basic earnings per share were reported at -0.21 CNY, down from -0.02 CNY in the previous year[6] - Net profit decreased significantly by 802.21% to -¥129,939,606.71, primarily due to rising costs[13] - The company expects a significant decline in profits for the next reporting period due to delayed price adjustments in response to rising natural gas supply prices[14] - The total profit for the first nine months of 2018 was a loss of ¥84,313,455.76, compared to a profit of ¥14,794,645.82 in the same period of 2017[31] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 93,399,175.98, worsening from a net outflow of CNY 60,462,078.94 in the same period last year[6] - Cash inflow from operating activities totaled CNY 1,105,550,224.60, a slight increase from CNY 1,100,753,047.18 in the previous year[35] - Cash outflow from operating activities was CNY 1,198,949,400.58, compared to CNY 1,161,215,126.12 in the previous year, resulting in a net cash flow from operating activities of -CNY 93,399,175.98[35] - Cash flow from financing activities decreased by 50.55% to ¥170,384,980.73, mainly due to reduced cash from a previous targeted issuance[14] - Net cash flow from financing activities was CNY 170,384,980.73, compared to CNY 344,566,756.47 in the previous year[36] - The company reported a net cash flow from investment activities of -CNY 137,095,079.87, an improvement from -CNY 244,476,839.55 in the previous year[35] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 5,425,071,951.82, a slight increase of 0.39% compared to the previous year[6] - Net assets attributable to shareholders decreased by 7.26% to CNY 2,019,757,831.49 from CNY 2,177,789,932.66 at the end of the previous year[6] - The company's total liabilities increased to ¥3,396,984,787.81 from ¥3,217,960,790.27, indicating a rise in financial obligations[19] - The company’s total liabilities to total assets ratio stood at approximately 62.1% in Q3 2018, indicating a relatively high leverage position[24] Shareholder Information - The number of shareholders at the end of the reporting period was 56,762, with the largest shareholder holding 58.75% of the shares[10] Operational Costs and Expenses - Operating costs increased by 31.17% to ¥750,783,239.36 due to rising upstream natural gas prices and increased gas volume[13] - Total operating costs for Q3 2018 were ¥352,828,050.67, up 20.5% from ¥292,904,985.55 in Q3 2017[24] - Sales expenses for Q3 2018 were ¥85,150,253.44, up from ¥80,398,816.77 in Q3 2017, showing a 9.5% increase[26] - The company's financial expenses for Q3 2018 were ¥21,063,914.76, an increase from ¥18,273,420.78 in Q3 2017, marking a 9.8% rise[30] Investment Income - Investment income dropped by 50.28% to ¥8,613,003.74, attributed to a decrease in net profit from invested entities[13] - Investment income for Q3 2018 was ¥1,032,263.63, up from ¥827,876.64 in Q3 2017, showing a growth of 24.7%[31]