2017-10-30 16:00Financial Performance - Operating revenue for the first nine months reached CNY 30,026,964, an increase of 8.1% year-on-year [7]. - Net profit attributable to shareholders of the listed company for the first nine months was CNY -3,340,431, showing a significant improvement from CNY -8,987,975 in the same period last year [7]. - Basic and diluted earnings per share were both CNY -0.234, reflecting the company's ongoing challenges [8]. - Total operating revenue for Q3 2017 reached CNY 10,184,646 thousand, an increase of 12.0% compared to CNY 9,091,758 thousand in Q3 2016 [23]. - Net loss for Q3 2017 was CNY 1,020,649 thousand, improving from a net loss of CNY 4,348,488 thousand in Q3 2016 [24]. - Earnings per share for Q3 2017 was CNY -0.072, compared to CNY -0.306 in Q3 2016 [24]. - The company reported a total comprehensive loss of CNY 1,020,649 thousand for Q3 2017, compared to a total comprehensive loss of CNY 4,348,488 thousand in Q3 2016 [24]. Cash Flow - The company reported a net cash flow from operating activities of CNY -2,376,958 for the first nine months, compared to CNY -4,628,084 in the previous year, indicating a reduced cash outflow [7]. - Cash inflow from financing activities totaled CNY 33,037,761, a decrease of 20.5% compared to CNY 41,540,077 in the prior year [29]. - Net cash flow from financing activities was CNY 2,555,684, down 50.1% from CNY 5,098,859 year-over-year [29]. - Total cash outflow from operating activities was CNY 34,465,690, down 13.9% from CNY 40,063,064 year-over-year [29]. - Investment activities generated a net cash outflow of CNY -536,805, worsening from CNY -397,028 in the previous year [29]. - Cash and cash equivalents at the end of the period stood at CNY 2,019,756, a decrease from CNY 2,135,297 in the previous year [30]. - The impact of exchange rate changes on cash and cash equivalents was negative at CNY -69,088, contrasting with a positive impact of CNY 49,960 in the previous year [30]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 67,912,124, a decrease of 8.8% compared to the end of the previous year [7]. - The company's equity attributable to shareholders decreased by 36.9% to RMB 5,327,499 thousand due to operating losses from January to September 2017 [14]. - Total assets decreased to RMB 67,912,124 thousand from RMB 74,493,166 thousand, reflecting a decline in both current and non-current assets [18]. - Short-term borrowings increased to RMB 19,688,754 thousand from RMB 17,033,731 thousand, indicating a rise in financing needs [18]. - Total liabilities as of the end of Q3 2017 were CNY 1,131,682 thousand, compared to CNY 1,119,991 thousand at the end of Q2 2017 [21]. Shareholder Information - The total number of shareholders at the end of the reporting period was 169,418, with 352 H-share shareholders [10]. - The largest shareholder, China Petroleum & Chemical Corporation, held 65.22% of the shares, totaling 9,224,327,662 shares [10]. Operational Metrics - Accounts receivable decreased by 32.5% to RMB 16,145,605 thousand due to accelerated collection efforts [13]. - Inventory increased by 42.0% to RMB 13,230,693 thousand primarily due to increased project volume and delayed project settlements [13]. - Other current assets rose by 87.9% to RMB 782,988 thousand mainly due to an increase in VAT receivables [13]. - The company incurred financial expenses of CNY 185,278 thousand in Q3 2017, an increase from CNY 125,237 thousand in Q3 2016 [24]. Government Support - The company received government subsidies amounting to CNY 13,268 during the reporting period, contributing to its financial performance [9].