CFHI(SH:601106)2018-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 6.76 billion, a 2.47% increase year-on-year[6] - Net profit attributable to shareholders was CNY 102.87 million, up 148.13% from the same period last year[6] - Basic earnings per share rose by 138.1% to CNY 0.015 per share[7] - Total operating revenue for the first nine months of 2018 reached CNY 6,763,928,501.25, an increase from CNY 6,600,794,050.90 in the same period last year, representing a growth of approximately 2.46%[26] - The net profit for the first nine months of 2018 was CNY 49,374,466.50, significantly higher than CNY 29,778,262.22 in the same period last year, reflecting an increase of approximately 65.91%[28] - The company reported a total comprehensive income of CNY 50,741,306.13 for the first nine months of 2018, compared to CNY 29,908,385.83 in the previous year, marking an increase of about 69.73%[29] Cash Flow - The net cash flow from operating activities was negative at CNY -371.94 million, compared to a positive CNY 812.54 million in the previous year[6] - The company's net cash flow from operating activities decreased by 145.78% to -RMB 371.94 million, attributed to significant pre-production investments due to increased orders[18] - Cash flow from operating activities showed a net outflow of -¥371.94 million, compared to a net inflow of ¥812.54 million in the previous year[34] - Cash inflow from operating activities was 2,492,749,502.45 RMB for the first nine months of 2018, down 46.8% from 4,666,075,550.09 RMB in the same period last year[37] Assets and Liabilities - Total assets increased by 3.08% to CNY 34.41 billion compared to the end of the previous year[6] - The company's total equity stood at RMB 10.97 billion, slightly up from RMB 10.92 billion, indicating a growth of about 0.46%[21] - Total liabilities rose to RMB 23.44 billion from RMB 22.46 billion, marking an increase of about 4.37%[21] - The total liabilities as of the end of the third quarter of 2018 amounted to CNY 20,774,283,309.80, a decrease from CNY 21,468,114,926.16 at the end of the previous year[25] Shareholder Information - The total number of shareholders reached 343,214 by the end of the reporting period[10] - The largest shareholder, China First Heavy Industries Group, holds 63.88% of the shares, with 319.78 million shares pledged[10] Investment Activities - The net cash flow from investing activities improved by 45.94%, with a net outflow of RMB 207.58 million, as the company sold 70% of a subsidiary, generating cash inflow of RMB 8.1 million[18] - Total cash inflow from investment activities was ¥81.47 million, while cash outflow was ¥289.05 million, resulting in a net cash outflow of -¥207.58 million[34] Research and Development - Research and development expenses for the first nine months of 2018 were CNY 138,762,900.76, compared to CNY 128,040,918.90 in the same period last year, indicating an increase of about 8.66%[27] - R&D expenses decreased to ¥2.86 million in Q3, a significant drop of 71.2% compared to ¥9.96 million in the same quarter last year[31] Other Financial Metrics - The weighted average return on net assets increased by 0.496 percentage points to 0.9454%[7] - The company reported an asset impairment loss of RMB 28.96 million, a significant increase compared to the same period last year, indicating higher impairment provisions[16] - The company reported a financial expense of CNY 427,205,709.85 for the first nine months of 2018, down from CNY 476,206,721.08 in the previous year, reflecting a decrease of approximately 10.27%[27]