CNCEC(SH:601117)2018-10-30 16:00Financial Performance - Operating revenue for the first nine months reached CNY 53.62 billion, a year-on-year increase of 39.84%[6] - Net profit attributable to shareholders rose by 25.78% to CNY 1.63 billion for the first nine months[6] - Basic earnings per share increased by 26.92% to CNY 0.33 per share[6] - Operating revenue for Q3 2018 reached ¥53.62 billion, a 39.84% increase compared to ¥38.35 billion in the same period last year[10] - The company reported a net profit of ¥3,414,654,385.97 for the year-to-date, compared to ¥2,296,526,450.70 in the previous year, reflecting a growth of approximately 48.7%[21] - Net profit attributable to shareholders for Q3 2018 was ¥615.25 million, compared to ¥506.41 million in Q3 2017, representing a year-over-year increase of 21.5%[26] - The company's operating profit for the first nine months of 2018 was ¥1,612,724,817.01, an increase from ¥1,180,864,649.21 in the same period last year, representing a growth of 36.6%[31] Cash Flow - Cash flow from operating activities for the first nine months was CNY 1.52 billion, a significant recovery from a negative cash flow of CNY -907.93 million in the same period last year[6] - Net cash flow from operating activities improved to ¥1.52 billion, compared to a negative cash flow of ¥907.93 million in the previous year[11] - The cash inflow from operating activities for the first nine months reached ¥52.78 billion, a significant increase from ¥38.61 billion in the same period last year, representing a growth of approximately 36.6%[34] - The net cash flow from financing activities was ¥599.27 million, a recovery from a negative cash flow of -¥37.11 million in the same period last year[35] Assets and Liabilities - Total assets increased by 9.88% to CNY 96.12 billion compared to the end of the previous year[6] - Total assets as of September 30, 2018, amounted to ¥96.12 billion, up from ¥87.48 billion at the beginning of the year[16] - The total liabilities increased to ¥7,634,498,755.55 from ¥5,261,158,673.22, reflecting a rise of approximately 45%[21] - The company's cash and cash equivalents stood at ¥7,946,542,881.03, compared to ¥7,585,354,680.21 at the start of the year, showing an increase of about 4.8%[19] Shareholder Information - The number of shareholders reached 91,676 by the end of the reporting period[8] - The largest shareholder, China National Chemical Engineering Group, holds 49.16% of the shares[8] Research and Development - R&D expenses rose by 42.39% to ¥1.46 billion, up from ¥1.03 billion, indicating a significant increase in technology development investment[10] - Research and development expenses for Q3 2018 totaled ¥626.01 million, an increase of 46.5% from ¥427.63 million in Q3 2017[24] Expenses - Operating costs increased by 44.36% to ¥47.76 billion from ¥33.08 billion, reflecting initial success in business restructuring and sustainable development efforts[10] - The company reported a significant increase in sales expenses by 42.97% to ¥266.88 million, driven by intensified marketing efforts to achieve annual revenue targets[10] - The company's tax expenses for Q3 2018 were ¥76.64 million, up from ¥57.07 million in Q3 2017, indicating a 34.4% increase[24] Investment and Financing - Cash inflow from financing activities totaled ¥3.82 billion, significantly higher than ¥1.65 billion in the previous year, showing improved financing capabilities[35] - The company received ¥1.05 billion from investment recoveries, down from ¥3.27 billion in the same period last year, indicating a decline in investment returns[34] - The company's investment income for Q3 2018 was ¥15.58 million, down from ¥19.44 million in Q3 2017, reflecting a decline of approximately 19.5%[25]