2018-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 5,363,962,198.9, down 13.3% year-on-year[9] - Net profit attributable to shareholders for the first nine months increased by 16.2% to CNY 441,913,636.75[9] - Basic earnings per share for the reporting period were CNY 0.03427, reflecting a 16.2% increase compared to the same period last year[9] - The company reported a net profit of CNY 428,807,091.52 after deducting non-recurring gains and losses, an increase of 25.0% year-on-year[9] - The company reported a total profit of CNY 393,523,578.66 for Q3 2018, which is an increase of 101.0% from CNY 195,240,864.79 in Q3 2017[74] - Net profit for Q3 2018 reached CNY 311,270,109.69, an increase of 87.0% compared to CNY 166,335,603.47 in Q3 2017[74] - Total operating revenue for Q3 2018 was CNY 1,712,773,512.1, a decrease of 8.4% compared to CNY 1,870,281,512.69 in Q3 2017[72] - Total operating costs for Q3 2018 were CNY 1,433,345,648.5, down 22.2% from CNY 1,842,088,015.93 in Q3 2017[73] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 1,345,038,436.5, an increase of 132.7% year-on-year[9] - Cash inflow from operating activities for the first nine months was CNY 5,796,961,894.33, down 15.9% from CNY 6,895,779,071.37 in the previous year[81] - Net cash flow from operating activities was CNY 1,345,038,436.53, significantly up from CNY 578,101,081.11 year-over-year[82] - Cash outflow from investing activities totaled CNY 2,154,688,381.54, a decrease of 42.3% compared to CNY 3,735,839,314.10 in the previous year[82] - Net cash flow from investing activities was negative at CNY -177,221,539.59, an improvement from CNY -727,376,923.10 in the previous year[82] - Cash inflow from financing activities was CNY 8,548,882,252.87, an increase of 24.8% from CNY 6,854,324,759.15 year-over-year[83] - Net cash flow from financing activities was CNY -1,865,104,049.33, compared to a positive CNY 233,390,801.63 in the previous year[83] Assets and Liabilities - Total assets at the end of the reporting period were CNY 35,063,180,775, a decrease of 4.1% compared to the end of the previous year[8] - Total liabilities decreased from CNY 15.97 billion to CNY 14.13 billion, a decline of about 11.52%[65] - Current liabilities decreased from CNY 9.19 billion to CNY 5.24 billion, a decline of approximately 42.56%[65] - Total equity increased from CNY 20.62 billion to CNY 20.93 billion, an increase of about 1.51%[66] - Cash and cash equivalents increased from CNY 4.91 billion to CNY 5.20 billion, an increase of approximately 5.91%[68] - The total liabilities as of the end of Q3 2018 amounted to CNY 10,250,176,006.78, an increase from CNY 9,862,160,853.38 at the end of Q3 2017[70] - Total assets decreased from CNY 36.59 billion to CNY 35.06 billion, a decline of approximately 4.19%[64] Shareholder Information - The total number of shareholders at the end of the reporting period was 193,335[15] - The largest shareholder, Dalian Port Group Co., Ltd., held 41.18% of the shares[15] Operational Metrics - The throughput of container terminals at Dalian Port was 755.7 thousand TEUs for the first three quarters of 2018, a slight increase of 0.5% compared to 752.2 thousand TEUs in the same period last year[58] - The throughput of liquid chemical terminals decreased by 12.9% year-on-year to 4,118.6 thousand tons in the first three quarters of 2018[58] - The company experienced a 10.6% increase in automobile terminal throughput to 581,523 vehicles in the first three quarters of 2018, reflecting growth in the automobile logistics sector[58] Changes in Financial Standards - As of September 30, 2018, the group's trading financial assets amounted to RMB 395,199,400, representing a 100.0% increase compared to the beginning of the year, primarily due to the implementation of new financial instrument standards[19] - The group's inventory as of September 30, 2018, was RMB 155,916,581.51, a decrease of 77.8% from the beginning of the year, mainly due to the sale of equity in a subsidiary[21] - Other current assets decreased by 69.6% to RMB 77,772,489.09 as of September 30, 2018, primarily due to changes in accounting categories from the new financial instrument standards[22] - The group's contract liabilities increased by 100.0% to RMB 56,600,132.65 as of September 30, 2018, due to changes in accounting categories from the new revenue standards[30] - The group's credit impairment losses for the first three quarters of 2018 were RMB 9,060,343.86, a 100.0% increase year-on-year, due to the adoption of the "expected credit loss" model under new financial instrument standards[42] - The group's other equity instrument investments increased by 100.0% to RMB 196,249,799.84 as of September 30, 2018, due to changes in accounting categories from the new financial instrument standards[25] - The group's long-term payables increased by 100% to RMB 17,500,000.00 as of September 30, 2018, primarily due to the impact of capital increases in joint ventures[35] - The group's special reserves balance as of September 30, 2018, was RMB 42,506,079.36, reflecting a 30.4% increase due to net increases in safety reserves[36]