创业环保(600874) - 2018 Q3 - 季度财报

Financial Performance - For the period from January to September 2018, the net profit attributable to shareholders of the parent company was RMB 41,715 million, an increase of RMB 705 million or 1.72% year-on-year[13]. - The operating income for the first nine months of 2018 was RMB 173,048.8 million, reflecting an increase of RMB 18,067.2 million or 11.66% compared to the same period last year[6]. - The diluted earnings per share remained at RMB 0.29, unchanged from the previous year[7]. - The weighted average return on equity decreased by 0.70 percentage points to 7.70%[6]. - The company reported a significant increase in minority interests by 136.53% to CNY 701.88 million from CNY 296.74 million, mainly due to the addition of minority interests from the acquired company[16]. - In Q3 2018, the company's net profit was CNY 178,582 thousand, an increase of 49.3% compared to CNY 119,559 thousand in Q3 2017[29]. - The basic earnings per share for Q3 2018 was CNY 0.13, compared to CNY 0.08 in Q3 2017, reflecting a 62.5% increase[29]. - The company reported a total comprehensive income of CNY 178,582 thousand for Q3 2018, compared to CNY 119,559 thousand in Q3 2017, reflecting a growth of 49.3%[29]. Assets and Liabilities - As of September 30, 2018, the total assets of the group amounted to RMB 1,410,836 million, an increase of RMB 165,547 million or 13.29% compared to the end of the previous year[13]. - The total liabilities reached RMB 768,738 million, increasing by RMB 64,827 million or 9.21% from the end of the previous year[13]. - The equity attributable to shareholders of the parent company was RMB 571,910 million, up by RMB 60,206 million or 11.77% compared to the end of the previous year[13]. - Total assets increased to CNY 14,108,360 thousand from CNY 12,359,002 thousand, representing a growth of 14.1%[22]. - Current assets rose to CNY 4,305,490 thousand, up from CNY 4,065,887 thousand, an increase of 5.9%[22]. - Non-current assets increased significantly to CNY 9,802,870 thousand from CNY 8,293,115 thousand, reflecting a growth of 18.2%[22]. - Total liabilities increased to CNY 7,687,384 thousand from CNY 6,777,140 thousand, a rise of 13.4%[23]. - Owner's equity rose to CNY 6,420,976 thousand, up from CNY 5,581,862 thousand, indicating an increase of 15.1%[23]. Cash Flow - The net cash flow from operating activities for the first nine months was RMB 62,561.7 million, representing a significant increase of RMB 21,056.7 million or 50.73% year-on-year[6]. - Net cash flow from operating activities increased by 50.73% to CNY 625.62 million from CNY 415.05 million, indicating improved operational cash generation[17]. - The company reported a net cash flow from operating activities of CNY 625,617 thousand for the first nine months of 2018, a significant increase from CNY 415,050 thousand in the same period last year[30]. - The total cash and cash equivalents at the end of Q3 2018 amounted to CNY 1,930,915 thousand, compared to CNY 1,314,155 thousand at the end of Q3 2017, indicating a growth of 46.9%[31]. - Net cash flow from financing activities was $1,064,818, compared to $384,189 in the previous year, reflecting a growth of 176.5%[33]. - The ending cash and cash equivalents balance was $897,269, an increase from $585,822, representing a growth of 53.1%[33]. Investments and Financing - The company plans to raise funds through self-owned capital and debt financing after failing to complete a non-public stock issuance within the approved timeframe[18]. - The company received government subsidies amounting to RMB 3,185.3 million during the first nine months, which are closely related to its normal business operations[8]. - The investment activities resulted in a net cash outflow of CNY 1,802,254 thousand for the first nine months of 2018, compared to CNY 594,121 thousand in the same period last year[31]. - The company received CNY 1,516,799 thousand from borrowings in the first nine months of 2018, a significant increase from CNY 622,921 thousand in the same period last year[31]. - Cash received from obtaining loans was $1,250,000, up from $500,000, indicating a growth of 150%[33]. - Cash inflow from bond issuance was $1,100,000, with no previous year comparison available[33]. Operational Costs - Total operating costs increased to CNY 1,271,103 thousand from CNY 1,096,959 thousand, reflecting a rise of 15.9%[26]. - The company incurred financial expenses of CNY 88,265 thousand in the first nine months of 2018, which is a 79.5% increase from CNY 49,212 thousand in the same period last year[28]. - Financial expenses increased by 51.40% to CNY 118.68 million from CNY 78.39 million, primarily due to increased interest expenses from debt financing[16]. - Cash paid for purchasing fixed assets, intangible assets, and other long-term assets was $381,518, compared to $141,789, showing an increase of 169.5%[33]. - Cash paid for employee compensation was $90,994, an increase from $78,303, representing a growth of 16.7%[33]. - Cash paid for taxes was $152,813, down from $220,003, indicating a decrease of 30.5%[33].