2018-10-29 16:00Financial Performance - Operating revenue for the first nine months was RMB 5.23 billion, a slight decrease of 0.07% year-on-year[7] - Net profit attributable to shareholders for the first nine months was RMB 940.58 million, representing a 9.71% increase compared to the same period last year[7] - Total revenue for Q3 2018 was CNY 1,714,461,182.10, a decrease of 6.65% compared to CNY 1,836,624,313.94 in Q3 2017[31] - Year-to-date revenue for 2018 reached CNY 5,226,784,424.66, slightly down from CNY 5,230,253,778.96 in the same period last year[31] - The net profit for Q3 2018 was 182,744,187.54, a decrease from 217,261,499.54 in the previous quarter[33] - Total revenue for Q3 2018 reached 1,187,852,404.99, compared to 1,111,323,916.00 in the same period last year, indicating a year-over-year growth[33] - The company reported a total profit of ¥354,993,325.00 for Q3 2018, up from ¥318,146,871.46 in Q3 2017[38] Cash Flow - Cash flow from operating activities for the first nine months was RMB 2.53 billion, down 4.6% year-on-year[7] - Operating cash inflow for the first nine months of 2018 was CNY 5,854,261,509.97, an increase of 2.5% from CNY 5,709,520,504.00 in the same period last year[40] - Net cash flow from operating activities for Q3 2018 was CNY 2,527,253,196.11, down 4.6% from CNY 2,648,981,983.55 in Q3 2017[41] - Cash inflow from investment activities in Q3 2018 was CNY 1,067,153,029.46, while cash outflow was CNY 941,731,564.07, resulting in a net cash flow of CNY 125,421,465.39[41] - The company reported a net increase in cash and cash equivalents of CNY 1,237,395,641.85 for Q3 2018, compared to CNY 1,983,916,729.88 in Q3 2017[41] Assets and Liabilities - Total assets as of the end of the reporting period reached RMB 25.83 billion, a 0.20% increase compared to the end of the previous year[7] - Total liabilities decreased to CNY 10,640,474,985.86 from CNY 11,204,279,114.73 year-on-year, reflecting a reduction of approximately 5.02%[26] - Current liabilities totaled CNY 3,680,641,840.82, down from CNY 4,080,891,864.38, indicating a decrease of about 9.83%[26] - Non-current liabilities amounted to CNY 6,959,833,145.04, a decrease from CNY 7,123,387,250.35, representing a decline of approximately 2.3%[26] - As of September 30, 2018, the total assets amounted to RMB 25,826,263,953.37, compared to RMB 25,774,834,872.16 at the beginning of the year[23] Shareholder Information - The number of shareholders reached 111,496 by the end of the reporting period[10] - The top shareholder, Hebei Port Group Co., Ltd., holds 54.27% of the shares[10] Tax and Other Expenses - As of September 30, 2018, the tax payable was RMB 191,283,909.24, an increase of 88% compared to the beginning of the year, mainly due to the change in corporate income tax reporting and the introduction of environmental protection tax[14] - The company reported a total tax expense of 84,011,430.86 for Q3 2018, compared to 92,045,705.59 in the previous quarter[33] - The company incurred a tax expense of ¥77,179,184.27 in Q3 2018, compared to ¥81,439,980.41 in Q3 2017[38] Equity and Retained Earnings - Owner's equity increased to CNY 15,185,788,967.51 from CNY 14,570,555,757.43, showing a growth of about 4.22%[25] - The company’s retained earnings increased to CNY 2,014,887,517.32 from CNY 1,420,731,065.74, reflecting a growth of approximately 41.7%[25] Operating Expenses - The company reported a decrease in total operating expenses to CNY 1,468,432,395.63 from CNY 1,571,321,490.59 in Q3 2017, a reduction of about 6.56%[31] - Operating costs for Q3 2018 were ¥646,880,926.64, down 16.5% from ¥775,059,592.45 in Q3 2017[37] - The company has shown a significant reduction in financial costs, with interest expenses decreasing from ¥18,607,125.00 in Q3 2017 to ¥8,108,943.77 in Q3 2018[37] Employee Compensation - As of September 30, 2018, the long-term employee compensation payable was RMB 98,977,872.80, up 103% from the beginning of the year, mainly due to the addition of early retirement personnel[14]