HPEC(SH:600312)2018-10-30 16:00Financial Performance - Operating revenue for the first nine months was ¥4,998,914,283.93, a decrease of 16.15% year-on-year[7] - Net profit attributable to shareholders was ¥2,243,531.22, down 99.52% compared to the same period last year[7] - Basic earnings per share fell to ¥0.0017, a decline of 99.50% year-on-year[8] - The company reported a net loss of ¥7,686,186.42 after deducting non-recurring gains and losses[7] - The company reported a net profit margin of approximately 2.3% for the first nine months, down from 3.1% in the same period last year[26] - Operating revenue for the third quarter reached CNY 2,378,926,718.54, up 28.7% from CNY 1,848,433,015.42 in the same period last year[26] - The total profit for Q3 2018 was ¥149,677,225.68, compared to ¥138,209,638.51 in Q3 2017, marking an increase of about 8.5%[28] - The net profit attributable to the parent company for Q3 2018 was ¥132,971,154.59, compared to ¥112,376,994.41 in Q3 2017, reflecting an increase of about 18.4%[28] Assets and Liabilities - Total assets at the end of the reporting period reached ¥20,432,036,368.30, an increase of 6.24% compared to the end of the previous year[7] - Total liabilities rose to CNY 11,468,864,815.37 from CNY 10,054,155,648.38, an increase of about 14.1% year-over-year[21] - Total equity decreased to CNY 8,963,171,552.93 from CNY 9,177,756,857.27, reflecting a decline of approximately 2.3% year-over-year[21] - The total current assets increased to 15,324,307,616.88 RMB, up from 14,039,341,176.26 RMB, reflecting a growth in liquidity[19] - Other non-current assets increased by 11,134,664.20 RMB, a rise of 40.33%, due to an increase in prepaid project payments[14] Cash Flow - Net cash flow from operating activities for the first nine months was -¥597,428,822.36, an improvement from -¥2,071,473,777.44 in the previous year[7] - Cash inflow from operating activities totaled ¥4,237,841,539.74, while cash outflow was ¥4,835,270,362.10, resulting in a net cash flow deficit[32] - Cash flow from financing activities generated a net inflow of ¥657,955,967.36, compared to ¥1,087,067,243.27 in the previous year[33] - The company received cash from borrowings amounting to ¥3,835,905,353.32, significantly higher than ¥2,420,399,838.30 in the same period last year[33] - The cash and cash equivalents at the end of the period stood at ¥1,023,176,702.87, up from ¥342,760,972.13 at the end of the previous year[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 61,276[10] - The largest shareholder, Pinggao Group Co., Ltd., held 40.50% of the shares[10] Research and Development - Research and development expenses decreased by 55,715,699.67 RMB, a decline of 59.21% compared to the previous period, indicating reduced investment in R&D projects[16] - Research and development expenses for Q3 2018 were ¥11,711,893.42, down from ¥19,162,773.39 in Q3 2017, indicating a reduction of approximately 38.8%[29] Financial Expenses - The company reported a significant increase in financial expenses by 58,082,562.27 RMB, a rise of 103.77%, attributed to increased interest expenses and foreign exchange losses[16] - The financial expenses for Q3 2018 were ¥38,835,513.40, compared to ¥29,067,773.08 in Q3 2017, reflecting an increase of about 33.5%[29] Future Outlook - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[21]