AHHL(SH:600761)2018-10-24 16:00Financial Performance - Operating revenue for the first nine months rose by 17.51% to CNY 7,378,559,788.08 year-on-year[5] - Net profit attributable to shareholders increased by 29.04% to CNY 444,750,692.82 for the first nine months[5] - Basic earnings per share rose by 27.66% to CNY 0.60[5] - The total profit for the first nine months of 2018 was CNY 489.86 million, compared to CNY 392.50 million in the same period last year, marking a 24.8% increase[25] - The company's operating costs for the first nine months of 2018 were CNY 5.98 billion, an increase from CNY 5.05 billion in the previous year[25] - The company reported a net profit margin improvement, with operating costs rising at a slower rate than revenue growth[22] Assets and Liabilities - Total assets increased by 4.40% to CNY 7,403,046,956.99 compared to the end of the previous year[5] - Total liabilities increased to 2,526,714,913.30 RMB from 2,297,730,622.29 RMB, indicating a rise in financial obligations[16] - Long-term borrowings surged by 4,626.46% to CNY 203,022,727.00, attributed to loans from China Export-Import Bank[9] - Total assets as of September 30, 2018, amounted to 7,403,046,956.99 RMB, up from 7,090,916,791.23 RMB at the beginning of the year[16] - Current assets totaled ¥4,398,351,028.07, up 6.66% from ¥4,124,273,888.27 at the beginning of the year[19] - Total liabilities increased to ¥2,256,297,633.37, compared to ¥1,968,877,484.47, marking a rise of 14.63%[20] Cash Flow - Cash flow from operating activities decreased by 27.85% to CNY 456,867,133.03 compared to the same period last year[5] - The net cash flow from operating activities for the first nine months of 2018 was CNY 456.87 million, down 27.9% from CNY 633.21 million in the same period last year[29] - The total cash inflow from operating activities for the first nine months of 2018 was CNY 4,995,555,006.59, compared to CNY 4,275,344,689.20 in the same period last year, marking a growth of 16.8%[32] - The net cash flow from investment activities in Q3 2018 was -CNY 504,218,289.42, worsening from -CNY 469,609,123.35 in Q3 2017[33] - Cash and cash equivalents at the end of Q3 2018 were CNY 672,747,877.37, down from CNY 792,482,213.08 at the end of Q3 2017, a decrease of 15.1%[33] Investments and Income - Long-term equity investments increased by 64.76% to CNY 150,083,965.04 due to investments in joint ventures[8] - Investment income surged by 121.39% to 55,951,598.15 RMB, attributed to increased returns from bank wealth management investments[10] - The company achieved a total investment income of CNY 160.13 million for the first nine months of 2018, up from CNY 131.81 million in the same period last year[25] - The company received CNY 104,363,029.55 in investment income during Q3 2018, up from CNY 73,866,346.57 in Q3 2017, representing an increase of 41.2%[33] Shareholder Information - The number of shareholders reached 32,730 by the end of the reporting period[6] - The net profit attributable to the parent company showed a significant increase, with retained earnings reaching 2,743,116,637.78 RMB as of September 30, 2018[16] Expenses - Research and development expenses for the first nine months were ¥252,181,889.78, an increase of 14.15% compared to ¥220,819,985.43 in the previous year[22] - Research and development expenses for the first nine months of 2018 were CNY 208.34 million, up 15.1% from CNY 181.02 million in the previous year[25] - Financial expenses increased significantly to -21,046,862.84 RMB from -1,197,738.72 RMB, primarily due to increased interest income and reduced foreign exchange losses[10] - Asset impairment losses rose by 69.36% to 35,538,980.41 RMB, mainly due to an increase in bad debt provisions for receivables[10] Other Income - Other income increased by 43.80% to 22,049,966.32 RMB, primarily due to higher government subsidies related to daily operations[10] - Cash received from tax refunds increased by 119.19% to 129,145,282.74 RMB, mainly due to higher export tax rebates[12]