CECO(SH:603698)2017-10-24 16:00Financial Performance - Operating revenue for the first nine months rose by 23.79% to CNY 725,638,374.06 year-on-year[9] - Net profit attributable to shareholders surged by 295.29% to CNY 171,629,633.46 for the first nine months[9] - Basic earnings per share increased by 281.82% to CNY 0.42[9] - The weighted average return on equity improved by 5.19 percentage points to 7.11%[9] - Net profit excluding non-recurring gains and losses increased by 217.45% to CNY 102,874,208.53[9] - Total profit for the period was CNY 201,462,776.80, an increase of 301.01% year-on-year, driven by higher equipment deliveries[20] - Net profit for Q3 2017 reached CNY 42,152,737.47, compared to a net loss of CNY 13,642,910.15 in Q3 2016[41] - The net profit for the third quarter was CNY 46,155,920.87, compared to a net loss of CNY 9,755,751.86 in the same quarter last year, indicating a significant turnaround[47] Cash Flow - Net cash flow from operating activities reached CNY 351,617,909.72, a significant improvement from a negative cash flow of CNY -117,269,965.23 in the same period last year[9] - The cash flow from operating activities for the first three quarters was CNY 351,617,909.72, a significant improvement from a negative cash flow of CNY -117,269,965.23 in the same period last year[51] - The company’s cash flow from operating activities showed a strong recovery, indicating improved operational efficiency and revenue generation capabilities[55] Assets and Liabilities - Total assets increased by 6.13% to CNY 3,814,751,136.73 compared to the end of the previous year[9] - As of the end of the reporting period, cash and cash equivalents amounted to CNY 1,031,706,812.56, an increase of 36.56% compared to the beginning of the year, primarily due to increased project receipts[18] - The company's total liabilities increased to ¥1.34 billion from ¥1.25 billion, representing a growth of about 7.9%[32] - The company's total current liabilities of ¥1.24 billion, up from ¥1.14 billion, marking an increase of about 8.5%[32] Shareholder Information - The total number of shareholders at the end of the reporting period was not specified, but the report includes details on the top ten shareholders[15] - The equity attributable to shareholders increased to ¥2.47 billion from ¥2.35 billion, reflecting a growth of approximately 5.3%[32] Inventory and Receivables - Inventory decreased by 40.99% to CNY 267,749,753.05, mainly due to the sale of general equipment for the Hangjinqi project[18] - Accounts receivable notes reached CNY 306,479,983.91, up 58.44% from the beginning of the year, mainly due to a higher volume of payments received via notes[18] - Other receivables increased by 185.14% to CNY 12,807,151.86, attributed to unsettled bidding guarantees and maintenance fees[18] Tax and Expenses - Tax expenses increased by 1572.52% to CNY 13,742,240.29, primarily due to increased revenue leading to higher VAT and related taxes[20] - Cash paid for purchasing goods and services decreased by 46.71% to CNY 126,693,325.44, influenced by the number and progress of ongoing projects[21] Future Outlook - The company has not disclosed specific future outlook or guidance in the provided content[9] - Future outlook includes potential market expansion and new product development, although specific figures were not provided in the report[38] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[46] Legal and Settlement - The company reached a settlement with Ordos Yiding Ecological Agriculture Development Co., Ltd., regarding overdue payments totaling approximately ¥160.07 million, which will be repaid in installments over 24 months[22] - The company has withdrawn its arbitration request against Ordos Yiding, relinquishing all other litigation claims[22]