AECC AST(SH:600391)2018-10-29 16:00Financial Performance - Net profit attributable to shareholders was -¥77,319,059.82, a decrease of 441.44% year-on-year, primarily due to a sluggish turbine market and exchange rate fluctuations[6][13]. - Operating revenue for the first nine months was ¥1,394,125,887.03, representing a year-on-year increase of 5.79%[6]. - The company reported a net loss for the year, with challenges in the foreign trade gas turbine market and the impact of Sino-US trade friction, making it difficult to reverse the current loss situation[18]. - Total operating revenue for Q3 2018 reached ¥503,441,799.87, a 29.3% increase from ¥389,099,272.18 in Q3 2017[29]. - Net loss for Q3 2018 was ¥25,458,593.12, compared to a net loss of ¥8,225,685.50 in Q3 2017[31]. - The total operating profit for the first nine months of 2018 was a loss of approximately ¥85.45 million, compared to a profit of ¥34.61 million in the same period of 2017[33]. Cash Flow - The net cash flow from operating activities was -¥46,834,492.32, a decline of 133.71% compared to the same period last year[6]. - The net cash flow from operating activities for the first nine months of 2018 was a negative ¥46.83 million, compared to a positive ¥138.92 million in the same period of 2017[36]. - Cash inflow from operating activities totaled $1,274,788,156.42, a decrease of 14.3% compared to $1,487,956,311.69 in the same period last year[39]. - Net cash flow from operating activities was $26,690,752.01, down 82.1% from $149,627,474.48 year-over-year[40]. - Cash inflow from financing activities reached $945,338,103.76, an increase of 35.2% from $699,761,009.93 in the same period last year[40]. - Net cash flow from financing activities was $6,246,793.09, a turnaround from -$103,260,637.90 in the previous year[40]. Assets and Liabilities - Total assets as of the end of the reporting period reached ¥5,874,857,514.28, an increase of 1.03% compared to the end of the previous year[6]. - The company's total liabilities reached CNY 3,829,699,973.15, compared to CNY 3,696,003,735.35 at the beginning of the year, marking an increase of about 3.6%[24]. - Current assets totaled CNY 3,774,153,641.53, up from CNY 3,653,433,029.62 at the beginning of the year, indicating a growth of approximately 3.3%[22]. - The company's cash and cash equivalents decreased to CNY 116,834,952.29 from CNY 242,952,581.29, a decline of approximately 51.8%[22]. - Total liabilities as of Q3 2018 were ¥3,121,422,848.51, up from ¥2,886,176,569.54 in the previous year[30]. Research and Development - Research and development expenses for the third quarter totaled ¥60,133,936.42, an increase of 33.38% year-on-year, indicating increased investment in R&D[13]. - Research and development expenses for Q3 2018 amounted to ¥25,164,984.89, an increase of 67.5% from ¥15,045,289.55 in Q3 2017[30]. - Research and development expenses increased to ¥18.14 million in Q3 2018, up 99.5% from ¥9.08 million in Q3 2017[33]. Shareholder Information - The number of shareholders at the end of the reporting period was 49,120, with the largest shareholder holding 36.02% of the shares[9]. - The company's retained earnings decreased to CNY 255,919,022.62 from CNY 343,141,963.45, a decline of approximately 25.5%[24].