2017-10-30 16:00Financial Performance - Net profit attributable to shareholders of the listed company was RMB 1.88 billion, down 8.14% year-on-year[6]. - Operating revenue for the first nine months was RMB 58.65 billion, a decrease of 5.21% compared to the same period last year[6]. - The company reported a basic earnings per share of RMB 0.1398, a decrease of 6.36% compared to the previous year[7]. - The company reported a total profit of CNY 4,136,083,000 for the first nine months of 2017, down from CNY 5,079,386,000 in the previous year[30]. - Operating profit for the first nine months of 2017 was CNY 420,793,000, down from CNY 844,368,000 in the same period last year[31]. - Net profit attributable to shareholders for the first nine months of 2017 was CNY 10,788,609 thousand, compared to CNY 10,085,366 thousand in the same period last year, reflecting a growth of 7%[26]. Assets and Liabilities - Total assets at the end of the reporting period reached RMB 196.86 billion, an increase of 5.50% compared to the end of the previous year[6]. - Total assets reached ¥196,863,369 thousand, an increase from ¥186,600,990 thousand at the beginning of the year[21]. - Total liabilities reached CNY 60,505,737 thousand, up from CNY 58,346,480 thousand at the start of the year[25]. - Non-current assets totaled ¥50,483,887 thousand, up from ¥47,001,032 thousand, driven by investments in fixed assets and intangible assets[21]. Cash Flow - Cash flow from operating activities showed a net outflow of RMB 10.50 billion, compared to a net inflow of RMB 743.66 million in the same period last year[6]. - The company recorded an asset impairment loss of CNY 554,901,000 for Q3 2017, compared to CNY 144,162,000 in the same period last year[31]. - Total cash inflow from operating activities was 60,315,267 thousand RMB, while cash outflow was 70,814,045 thousand RMB, resulting in a net cash flow from operating activities of -10,498,778 thousand RMB[34]. - Cash inflow from financing activities totaled 4,588,754 thousand RMB, while cash outflow was 4,056,931 thousand RMB, leading to a net cash flow from financing activities of 531,823 thousand RMB[35]. Orders and Backlog - The company secured new orders worth RMB 76.16 billion during the reporting period, a decline of 21.60% year-on-year[7]. - The backlog of orders at the end of the reporting period was RMB 242.76 billion, with a slight year-on-year change[7]. - Wind power equipment orders amounted to RMB 14.79 billion, an increase of 30.19% compared to the end of the previous year[8]. - Gas turbine power generation equipment orders were RMB 10.6 billion, a slight increase of 1.92% year-on-year[8]. Inventory and Receivables - Inventory increased to ¥35,782,406 thousand, up 32% from ¥27,015,376 thousand due to delays in project execution and high production preparation[14]. - Accounts receivable rose to ¥32,274,777 thousand from ¥28,425,537 thousand, reflecting increased sales activity[20]. - Accounts receivable increased to CNY 16,423,902 thousand from CNY 14,427,261 thousand, representing a growth of 13.8%[24]. - Inventory levels rose significantly to CNY 3,233,947 thousand, compared to CNY 1,388,663 thousand at the beginning of the year, indicating an increase of 133.4%[24]. Financial Expenses and Impairments - Financial expenses rose to ¥343,748 thousand, a 107% increase from ¥166,141 thousand, primarily due to increased exchange losses[15]. - Asset impairment losses increased to ¥1,801,872 thousand, up 71% from ¥1,051,948 thousand, mainly due to higher bad debt provisions for high-risk projects[15]. - The company reported an asset impairment loss of CNY 534,282 thousand in Q3 2017, compared to CNY 84,501 thousand in Q3 2016, indicating a significant increase in impairment[28].