2018-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 37,181,137, representing a year-on-year increase of 23.8%[7] - Net profit attributable to shareholders of the listed company was CNY 439,974, a significant recovery from a loss of CNY 3,306,005 in the same period last year[7] - Basic and diluted earnings per share were CNY 0.024, compared to a loss of CNY 0.234 per share in the previous year[8] - The weighted average return on net assets increased by 57.7 percentage points to 8.97%[7] - Total operating revenue for Q3 2018 reached ¥13,528,135 thousand, a 32.5% increase from ¥10,184,646 thousand in Q3 2017[21] - Net profit for Q3 2018 was ¥39,025 thousand, compared to a net loss of ¥1,020,649 thousand in Q3 2017, marking a significant turnaround[22] - The company reported a total profit of ¥119,046 thousand in Q3 2018, a significant improvement from a loss of ¥955,304 thousand in Q3 2017[22] - The total comprehensive income for Q3 2018 was ¥39,025 thousand, compared to a comprehensive loss of ¥1,020,649 thousand in Q3 2017, indicating a strong recovery[22] - Earnings per share for Q3 2018 were ¥0.002, recovering from a loss of ¥0.072 per share in Q3 2017[22] Cash Flow - The company reported a net cash flow from operating activities of CNY -3,043,798 for the first nine months, worsening from CNY -2,376,958 in the same period last year[7] - Cash inflow from operating activities totaled CNY 45,518,795, an increase of 42% compared to CNY 32,088,732 in the previous year[27] - Net cash flow from investing activities was negative at CNY -398,073, improving from CNY -536,805 year-over-year[27] - Cash inflow from financing activities was CNY 32,608,640, slightly down from CNY 33,037,761 in the previous year[28] - Net cash flow from financing activities increased to CNY 2,816,237, up from CNY 2,555,684 year-over-year[28] - The company reported a cash outflow of CNY 1,120,283 related to financing activities, with no outflow in the previous year[30] - The impact of exchange rate changes on cash and cash equivalents was CNY 241,727, compared to CNY -69,088 in the previous year[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 60,720,791, a decrease of 2.0% compared to the end of the previous year[7] - Total liabilities decreased from RMB 64,046,629 thousand to RMB 54,512,091 thousand, indicating a reduction in financial obligations[16] - Owner's equity attributable to the parent company increased to RMB 6,208,700 thousand from a deficit of RMB 2,102,628 thousand, driven by profit generation and capital increase[16] - The total liabilities as of the end of Q3 2018 amounted to ¥33,791 thousand, with total equity at ¥32,286,043 thousand, indicating a strong equity position[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 140,459, with 340 being H-share shareholders[9] - The largest shareholder, China Petroleum & Chemical Corporation, held 56.51% of the shares, amounting to 10,727,896,364 shares[10] - The company has not issued preferred shares, and there are no known relationships among the major shareholders[11] Operational Metrics - Prepayments increased by 69.8% to RMB 721,402 thousand due to increased engineering construction materials[12] - Inventory rose by 81.4% to RMB 2,439,254 thousand, primarily due to new projects started in 2018[12] - Contract assets increased by 55.6% to RMB 10,052,114 thousand, attributed to the settlement progress of new projects[12] Research and Development - Research and development expenses surged by 123.5% to RMB 268,744 thousand, reflecting increased investment in research projects[13] - Research and development expenses decreased to ¥28,548 thousand in Q3 2018 from ¥69,132 thousand in Q3 2017, a reduction of 58.7%[21] Other Income and Expenses - The company received government subsidies amounting to CNY 392,240 during the reporting period, which are closely related to its normal business operations[9] - Other income rose significantly by 261.8% to RMB 528,570 thousand, primarily from government subsidies for employee relocation[13] - Financial expenses decreased by 48.4% to RMB 223,609 thousand, mainly due to an increase in net foreign exchange gains[13] - The company’s financial expenses decreased significantly to ¥59,985 thousand in Q3 2018 from ¥185,278 thousand in Q3 2017, a reduction of 67.7%[21]