STEC(SH:600820)2018-10-26 16:00Financial Performance - Net profit attributable to shareholders rose by 10.37% to CNY 1.28 billion for the first nine months of the year[7]. - Operating revenue for the first nine months reached CNY 23.46 billion, reflecting a growth of 17.54% year-on-year[7]. - Basic earnings per share improved by 10.81% to CNY 0.41[7]. - The weighted average return on equity increased by 0.20 percentage points to 6.56%[7]. - Total operating revenue for Q3 reached ¥9.38 billion, a 17.7% increase from ¥7.96 billion in the same period last year[25]. - Net profit for Q3 was ¥444.85 million, representing a 10% increase compared to ¥404.24 million in Q3 of the previous year[27]. - The company reported a total profit of ¥551.93 million for Q3, an increase from ¥498.88 million in the same period last year[26]. Assets and Liabilities - Total assets increased by 7.37% to CNY 72.92 billion compared to the end of the previous year[7]. - The company's total current assets amounted to CNY 41,808,378,455.70, up from CNY 38,507,654,677.74, indicating an increase of 5.95%[17]. - Non-current liabilities rose to ¥16.06 billion, compared to ¥11.36 billion in the previous year, marking an increase of about 41.4%[19]. - Total liabilities reached ¥51.95 billion, up from ¥47.82 billion, an increase of approximately 8.9%[19]. - The company's cash and cash equivalents decreased to CNY 12,120,888,752.11 from CNY 12,477,430,616.02, reflecting a decline of 2.88%[17]. Cash Flow - The net cash flow from operating activities increased by 6.01% to CNY 66.84 million[7]. - The net cash flow from financing activities was CNY 4,962,970,040.40, a significant improvement compared to a negative cash flow of CNY -820,591,400.08 in the previous period[14]. - The net cash flow from investment activities showed a significant decline to CNY -5,420,502,975.25 from CNY 400,918,035.42, a decrease of -1,452.02%[13]. - The cash flow from financing activities resulted in a net inflow of 4,962,970,040.40 RMB for the first nine months of 2018, contrasting with a net outflow of -820,591,400.08 RMB in the same period last year[35]. Shareholder Information - The total number of shareholders reached 171,195 by the end of the reporting period[9]. - The largest shareholder, Shanghai Tunnel Engineering Group, holds 30.49% of the shares[9]. Expenses and Income - Government subsidies recognized in the first nine months amounted to CNY 83.47 million[8]. - Non-operating income for the first nine months totaled CNY 60.89 million[8]. - Total sales expenses increased to CNY 15,499,117.95 from CNY 11,791,175.19, reflecting a rise of 31.45%[13]. - The company reported a significant increase in deferred income to ¥1.26 billion from ¥1.24 billion, a rise of approximately 7.0%[19]. - R&D expenses for Q3 amounted to ¥158.85 million, slightly up from ¥158.38 million in the same period last year[26]. Inventory and Receivables - Accounts receivable increased to CNY 15,202,559,020.74 from CNY 14,077,395,793.94, representing a growth of 8.06%[17]. - Inventory rose significantly to CNY 10,468,982,729.80 from CNY 8,347,614,878.86, marking an increase of 25.43%[17]. - Accounts receivable decreased to ¥755.61 million from ¥905.89 million, a decline of about 16.5%[21]. - Inventory increased significantly to ¥132.76 million from ¥25.46 million, reflecting a growth of approximately 420.5%[22]. Impairment and Financial Changes - The company experienced a substantial increase in asset impairment losses, which rose to CNY 74,735,697.43 from a negative CNY -13,195,184.38, indicating a change of -666.39%[13]. - Total assets impairment losses for Q3 were ¥74.84 million, significantly higher than ¥25.42 million in the previous year[26].