ECC(SH:600850)2018-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 12.10% to CNY 251,704,189.78 for the first nine months of the year[7] - Operating revenue for the first nine months rose by 11.09% to CNY 4,954,637,566.39 compared to the same period last year[7] - Basic earnings per share increased by 12.34% to CNY 0.5992[7] - Net profit for the first nine months of 2018 was ¥253,208,135.67, compared to ¥228,763,696.41 for the same period in 2017, representing an increase of 10.7%[26] - The company's net profit attributable to the parent company for Q3 2018 was CNY 81,208,774.42, an increase from CNY 75,663,437.49 in Q3 2017, representing a growth of approximately 6.8%[27] - The total comprehensive income attributable to the parent company for Q3 2018 was CNY 84,164,292.24, compared to CNY 74,718,663.94 in Q3 2017, marking an increase of about 12.0%[30] Asset and Equity Changes - Total assets decreased by 6.42% to CNY 5,305,801,285.76 compared to the end of the previous year[7] - The company's total equity increased to ¥2,422,836,468.08 from ¥2,232,594,269.02, representing a growth of approximately 8.53%[20] - The total assets as of Q3 2018 amounted to ¥2,115,469,226.03, compared to ¥2,081,958,671.64 at the end of Q3 2017, indicating a growth of 1.6%[24] Cash Flow and Liquidity - The net cash flow from operating activities showed a significant decline of 476.39%, amounting to -CNY 721,366,858.64[7] - Cash and cash equivalents decreased by 62.80%, amounting to CNY 598,115,886.99 compared to CNY 1,607,840,256.16 at the end of the previous year[11] - Cash inflow from operating activities for Q3 2018 was CNY 5,613,738,570.18, an increase from CNY 5,306,447,462.30 in Q3 2017, representing a growth of approximately 5.8%[33] - Cash outflow from operating activities totaled CNY 6,335,105,428.82, compared to CNY 5,431,601,094.80 in the previous year, indicating an increase of about 16.6%[34] - The ending cash and cash equivalents balance was CNY 580,618,636.72, down from CNY 639,859,935.70 in the previous year, a decline of about 9.2%[34] Shareholder Information - The total number of shareholders reached 20,606 by the end of the reporting period[9] - The largest shareholder, East China Computer Technology Research Institute, holds 45.50% of the shares[9] Expenses and Costs - Tax expenses for the period amounted to ¥12,526,042.25, an increase of 169.26% compared to the previous period, mainly due to an increase in turnover tax[14] - Total operating costs for Q3 2018 were ¥1,656,388,096.87, up from ¥1,441,326,853.99 in Q3 2017, reflecting a year-over-year increase of 14.9%[26] - The total operating costs for Q3 2018 were CNY 220,339,671.38, a decrease from CNY 260,605,784.64 in Q3 2017, representing a decline of approximately 15.5%[29] Research and Development - Development expenditures at the end of the period were ¥23,953,526.00, a 100% increase compared to the beginning of the period, mainly due to the capitalization of some research and development expenses[12] - Research and development expenses for the first nine months of 2018 were ¥185,934,316.72, compared to ¥184,876,755.21 in the same period of 2017, reflecting a slight increase of 0.6%[26] - Research and development expenses for Q3 2018 were CNY 8,860,385.18, down from CNY 14,399,520.18 in Q3 2017, indicating a reduction of approximately 38.0%[29] Government Subsidies - The company reported a government subsidy of CNY 23,204,078.87, which is closely related to its normal business operations[9] - Other income for the period was ¥32,575,884.82, an increase of 742.31% compared to the previous period, primarily due to an increase in government subsidies[14] - Cash received from other operating activities was ¥59,973,474.50, an increase of 493.97% compared to the previous period, primarily due to an increase in government subsidies received[15] Borrowings and Liabilities - Short-term borrowings at the end of the period were ¥113,295,157.38, a decrease of 64.03% compared to the beginning of the period, mainly due to the repayment of part of the loans[12] - Current liabilities decreased to ¥2,882,464,817.68 from ¥3,437,479,175.38, showing a reduction of about 16.12%[19] - The company’s short-term borrowings decreased significantly to ¥113,295,157.38 from ¥315,000,000.00, a decline of approximately 64.00%[19]