GRI(SH:600894)2018-10-26 16:00Financial Performance - Operating revenue for the first nine months of 2018 reached CNY 4,044,251,601.01, representing a 15.60% increase year-on-year[6] - Net profit attributable to shareholders decreased by 29.10% to CNY 260,138,597.61 for the first nine months of 2018[6] - The weighted average return on equity fell by 1.57 percentage points to 3.78%[6] - The basic earnings per share decreased by 29.11% to CNY 0.3025[6] - Total operating revenue for Q3 2018 reached ¥1,564,462,684.95, a 16.3% increase from ¥1,343,967,848.09 in Q3 2017[26] - Net profit for Q3 2018 was ¥118,925,111.85, slightly down by 1.3% compared to ¥121,576,226.34 in Q3 2017[26] - Total comprehensive income for Q3 2018 was ¥25,131,103.50, a significant decline from ¥83,970,588.90 in Q3 2017[31] - Investment income for the first nine months of 2018 was ¥332,524,731.59, compared to ¥431,336,406.22 in the same period of 2017, reflecting a decrease of 22.9%[31] Assets and Liabilities - As of September 30, 2018, total assets increased by 4.22% to CNY 9,586,900,532.13 compared to December 31, 2017[6] - Total assets as of September 30, 2018, amounted to ¥5,805,692,688.18, up from ¥5,624,247,046.36 at the end of 2017[23] - Total liabilities increased to ¥5,389,488.95 from ¥7,683,463.88 at the end of 2017, indicating a reduction in liabilities[23] - The company's total equity reached ¥5,800,303,199.23, an increase from ¥5,616,563,582.48 at the end of 2017[23] - Cash and cash equivalents decreased to CNY 1,857,151,490.94 from CNY 2,328,973,836.44 at the end of 2017[20] - Cash and cash equivalents at the end of Q3 2018 were ¥1,813,641,597.53, compared to ¥1,614,205,235.02 at the end of Q3 2017[32] Cash Flow - The company reported a net cash flow from operating activities of CNY 21,882,745.78, a significant decrease of 89.82% compared to the same period in 2017[6] - Cash flow from operating activities for the first nine months of 2018 was ¥21,882,745.78, down from ¥214,928,455.50 in the same period of 2017[32] - The company reported a net cash outflow from investing activities of ¥424,691,172.39 for the first nine months of 2018, compared to a net outflow of ¥405,989,509.82 in the same period of 2017[32] - Cash outflow for financing activities was CNY 120,392,565.30, a reduction from CNY 754,153,784.04 in the same period last year[33] - Cash received from sales of goods and services was CNY 5,128,172.18, compared to CNY 5,726,588.41 in the same period of 2017[33] Accounts Receivable and Payable - Accounts receivable increased by 53.16% to CNY 1,479,781,081.07 due to business growth and extended collection periods[13] - Accounts receivable increased to CNY 1,479,781,081.07 from CNY 966,135,334.64 at the end of 2017, indicating a growing collection issue[20] - The company received a total of CNY 66,985.34 million in receivables related to the environmental renovation project, completing the project successfully[17] Expenses - The company recognized non-recurring gains and losses totaling CNY 52,420,996.27 for the first nine months of 2018[8] - The income tax expense for the first nine months of 2018 was CNY 14,191,359.58, down 64.52% from CNY 39,998,187.79 in the same period last year[14] - The company reported a significant decrease in financial expenses to -CNY 25,983,469.29 from -CNY 19,386,646.73 in the previous year, primarily due to reduced interest payments[14] - The company's management expenses for the first nine months of 2018 were ¥18,958,602.93, down from ¥20,614,695.12 in the same period of 2017[31] - The company recorded a financial expense of -¥5,900,185.66 for the first nine months of 2018, compared to a financial income of ¥2,416,420.74 in the same period of 2017[31] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[26]