CSCEC(SH:601668)2016-10-28 16:00Financial Performance - Net profit attributable to shareholders was CNY 24,765,623 thousand, representing a growth of 30.0% year-on-year[6]. - Operating revenue for the period was CNY 670,200,687 thousand, up by 9.6% from the same period last year[6]. - Basic earnings per share increased to CNY 0.79, reflecting a rise of 31.7% compared to CNY 0.60 in the same period last year[6]. - The gross profit for the period was RMB 63.43 billion, a decrease of 9.3% year-on-year, with a gross margin of 9.5%, down 1.9 percentage points[16]. - The company reported a significant increase in investment income, reaching CNY 6,570,898, up 752% from CNY 771,271, due to substantial returns from commercial real estate investments[22]. - Net profit for the first nine months was CNY 4,277,241, up from CNY 747,162, representing a significant increase of 471.5%[37]. - Total comprehensive income for the third quarter was CNY 4,277,403, compared to CNY 451,420 in the same period last year, indicating a substantial increase[38]. Assets and Liabilities - Total assets reached CNY 1,343,097,652 thousand, an increase of 25.0% compared to the end of the previous year[6]. - Total liabilities increased to CNY 1,056,272,537, up from CNY 836,122,178, reflecting a growth of 26.4%[30]. - Current liabilities totaled CNY 766,672,572, which is a 25.7% increase from CNY 610,250,977 in the previous year[30]. - The company’s net assets attributable to shareholders grew to RMB 186.2 billion, an increase of 10.9% from the beginning of the year[16]. - The company’s total equity increased to CNY 286,825,115, up from CNY 238,782,721, representing a growth of 20.2%[30]. Cash Flow - The net cash flow from operating activities was CNY 23,420,081 thousand, a significant recovery from a negative cash flow of CNY -15,534,749 thousand in the previous year[6]. - Cash flow from investment activities showed a net inflow of 6,480,053, compared to a net outflow of 10,247,954 in the previous period[45]. - Total cash inflow from financing activities was 9,635,254, while cash outflow totaled 16,221,565, resulting in a net cash flow of -6,586,311[45]. - The company reported a total cash and cash equivalents balance of CNY 247,300,900 at the end of the reporting period, up from CNY 147,611,585 in the previous year[42]. Shareholder Information - The total number of shareholders reached 775,140 by the end of the reporting period[10]. - The largest shareholder, China State Construction Engineering Corporation, holds 56.26% of the shares[10]. Business Operations - New contracts signed in the construction business amounted to approximately RMB 1.2831 trillion, a year-on-year increase of 34.3%[17]. - The company's real estate contract sales reached approximately RMB 151.4 billion, a year-on-year increase of 49.7%[17]. - The company added land reserves of approximately 18.65 million square meters, bringing total land reserves to approximately 80.18 million square meters[18]. - The company’s infrastructure construction and investment contracts increased by 141.2% year-on-year, totaling RMB 359.6 billion[17]. - The company’s real estate new construction area was 11.56 million square meters, a year-on-year increase of 43.8%[18]. Inventory and Receivables - Accounts receivable increased by 36.7% to CNY 157,913,204 compared to CNY 115,556,903 at the beginning of the year, driven by business expansion and accelerated recognition of receivables due to tax reforms[21]. - Inventory rose by 35.4% to CNY 524,809,663, influenced by the acquisition of the CITIC property portfolio[21]. - Other current assets surged by 85.3% to CNY 15,690,181, reflecting an increase in financial products and prepaid taxes[21]. Strategic Investments - The company completed the acquisition of the CITIC property portfolio for CNY 31 billion, enhancing its land reserves and strategic partnerships[23]. - The company’s long-term borrowings increased by 41.7% to CNY 139,361,822, reflecting expanded funding needs for investment activities[21]. - The company’s minority interests increased by 42.1% to CNY 100,583,580, reflecting the impact of the CITIC property acquisition[21].