CNCEC(SH:601117)2016-10-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 23.38% to CNY 1.44 billion for the first nine months of the year[10]. - Operating revenue for the first nine months decreased by 18.38% to CNY 36.52 billion compared to the same period last year[10]. - Basic and diluted earnings per share decreased by 23.68% to CNY 0.29[10]. - The company reported a total profit of CNY 710,597,636.19 for the first nine months, down 17.5% from CNY 861,659,163.68 year-on-year[32]. - The company recorded investment income of CNY 736,349,452.20 for the first nine months, down 18.9% from CNY 907,440,300.91 year-on-year[32]. - The net profit for Q3 2016 was CNY 619,532,675.28, compared to CNY 769,899,179.88 in Q3 2015, reflecting a decline of 19.5%[29]. - The company recorded an operating profit of CNY 616,049,064.41 for Q3 2016, down 27.5% from CNY 849,977,983.43 in Q3 2015[29]. Assets and Liabilities - Total assets increased by 1.61% to CNY 83.06 billion compared to the end of the previous year[9]. - Current assets totaled ¥66.93 billion, slightly up from ¥66.44 billion, indicating a 0.7% increase[20]. - Total liabilities amounted to ¥54.19 billion, up from ¥53.89 billion, a 0.6% increase[21]. - The total liabilities as of the end of Q3 2016 were CNY 1,946,388,656.06, a decrease from CNY 2,223,430,094.91 at the end of the previous year[27]. - The company's equity attributable to shareholders increased to ¥27.15 billion from ¥26.14 billion, a growth of 3.9%[21]. Cash Flow - Cash flow from operating activities improved significantly, showing a positive CNY 863.35 million compared to a negative CNY 466.26 million in the previous year[9]. - The net cash flow from operating activities was RMB 863,347,184.31, a significant improvement compared to a negative cash flow of RMB -466,262,704.66 in the previous year[15]. - The company reported a total cash inflow from operating activities of 969,754,510.93 RMB, down from 2,775,024,368.71 RMB year-on-year[38]. - The company’s cash outflow for operating activities was 1,218,456,191.82 RMB, compared to 2,900,367,883.65 RMB in the previous year[38]. - Investment activities generated a net cash flow of CNY 684,568,975.83, recovering from a net outflow of CNY -2,171,494,353.73 in the same period last year[36]. Shareholder Information - The total number of shareholders reached 112,367 at the end of the reporting period[13]. - The largest shareholder, China Chemical Engineering Group Corporation, holds 64.62% of the shares[13]. Impairment and Provisions - The company recorded a 60.00% increase in asset impairment losses, amounting to RMB 493,152,350.26, primarily due to impairment provisions for the PTA project[15]. - The company has made a provision of RMB 216 million for impairment related to the PTA project in its 2016 semi-annual report[16]. Other Financial Metrics - The weighted average return on equity decreased by 2.34 percentage points to 5.44%[10]. - Operating tax and additional charges decreased by 43.05% to RMB 343,131,043.26, mainly due to the implementation of the "VAT reform" in the construction industry since May[15]. - Financial expenses for the first three quarters were CNY 41,371,637.69, compared to a negative CNY 19,634,481.46 in the same period last year, indicating a significant increase in financial costs[28].