CRRC(SH:601766)2017-10-27 16:00Financial Performance - Operating revenue for the first nine months was CNY 140,666,030,000, a decrease of 4.35% compared to the same period last year[12] - Net profit attributable to shareholders of the listed company for the first nine months was CNY 6,809,208,000, down 9.40% year-on-year[12] - Basic earnings per share for the reporting period were CNY 0.24, a decline of 14.29% compared to the previous year[12] - The operating profit for the first nine months of 2017 was CNY 1,654,982 thousand, a decrease from CNY 2,152,953 thousand in the previous year, reflecting a decline of 23.1%[41] - The company reported a total profit of CNY (16,529) thousand for Q3 2017, a decrease from CNY (151,086) thousand in the same period last year[41] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 375,777,968,000, an increase of 11.07% compared to the end of the previous year[12] - Total liabilities increased to CNY 238,056,047 from CNY 214,506,646, reflecting a rise of approximately 11%[31] - Short-term borrowings increased significantly to CNY 31,098,169 from CNY 21,994,384, a growth of about 41.5%[31] - Current assets rose to CNY 256,721,115 from CNY 220,597,095, an increase of about 16.3%[30] - Inventory increased by CNY 19,058,663 thousand, a growth of 35.02%, mainly due to increased inventory for orders to be delivered during the reporting period[17] Cash Flow - The company reported a net cash flow from operating activities of CNY -9,489,946,000 for the first nine months[12] - Cash flow from operating activities showed a net outflow of CNY 9.49 billion, compared to a net inflow of CNY 3.349 billion in the same period last year[21] - Investment activities generated a net cash inflow of CNY 1,185,286 thousand, a recovery from a net outflow of CNY (12,288,965) thousand in the previous year[43] - The net cash flow from investment activities was a negative RMB 2,739,542,000, an improvement from a negative RMB 5,119,455,000 in the previous year[47] - The company reported a total cash inflow from operating activities of RMB 1,317,519,000, significantly higher than RMB 511,851,000 in the same period last year[47] Shareholder Information - The total number of shareholders at the end of the reporting period was 927,701[14] - The largest shareholder, China CNR Corporation Limited, held 53.98% of the shares, totaling 15,491,375,889 shares[14] - The number of A-share shareholders reached 925,193, while H-share shareholders numbered 2,508 as of the end of the reporting period[17] Revenue Breakdown - Operating revenue decreased by 4.35% compared to the same period last year, with railway equipment business accounting for 51.57% of total revenue[21] - Revenue from railway equipment business declined by 2.38%, with locomotive revenue at CNY 15,043 million, passenger car revenue at CNY 3,339 million, and freight car revenue at CNY 18,611 million[21] - Revenue from urban rail and urban infrastructure business increased by 37.63%, driven by higher delivery volumes of urban rail vehicles[22] Equity and Reserves - Net assets attributable to shareholders of the listed company amounted to CNY 117,616,029,000, reflecting a growth of 12.16% year-on-year[12] - Capital reserve increased by CNY 10,515,604 thousand, a growth of 34.83%, due to the non-public issuance of A-shares during the reporting period[20] - The total equity attributable to shareholders rose to CNY 117,616,029 from CNY 104,860,469, an increase of approximately 12.1%[31] Financial Ratios - The weighted average return on net assets decreased by 1.73 percentage points to 5.83%[12] - The company reported a net cash outflow from operating activities of CNY (9,489,946) thousand for the first nine months of 2017, compared to a net inflow of CNY 3,348,680 thousand in the same period last year[43] - The company’s financial expenses for the first nine months of 2017 were CNY (219,440) thousand, compared to CNY (76,146) thousand in the previous year, reflecting an increase in financial costs[41]