CECO(SH:603698)2018-10-25 16:00Financial Performance - Net profit attributable to shareholders increased by 3.26% to CNY 177,231,439.87 for the first nine months of the year[6] - Operating revenue rose by 13.64% to CNY 824,581,230.84 year-on-year[6] - The net profit after deducting non-recurring gains and losses surged by 69.14% to CNY 173,996,967.56[6] - Basic earnings per share increased by 2.38% to CNY 0.43[6] - Total comprehensive income for the first nine months of 2018 was ¥177,231,439.87, compared to ¥171,629,633.46 in the same period last year, showing a growth of 3.2%[35] - The total profit for the first nine months of 2018 was ¥172,600,782.42, down 9.4% from ¥190,551,438.94 in the previous year[38] Cash Flow - Net cash flow from operating activities showed a significant decline of 127.94%, resulting in a negative cash flow of CNY -98,244,019.17[6] - The cash flow from operating activities for the first nine months of 2018 was negative at -¥98,244,019.17, compared to a positive cash flow of ¥351,617,909.72 in the same period last year[43] - Operating cash inflow for the first nine months of 2018 was CNY 511,065,648.06, a decrease of 34.1% compared to CNY 775,828,944.04 in the same period last year[45] - Cash outflow from operating activities totaled CNY 628,358,571.20, an increase of 43.4% from CNY 437,976,486.90 year-on-year[45] - The company experienced a net decrease in cash and cash equivalents of CNY -205,677,250.88 during the reporting period, contrasting with an increase of CNY 284,297,488.51 in the previous year[47] Assets and Liabilities - Total assets decreased by 3.92% to CNY 3,678,682,106.83 compared to the end of the previous year[6] - Total current assets decreased from CNY 2,922,503,426.86 at the beginning of the year to CNY 2,603,758,449.74, a decline of approximately 10.9%[19] - Total non-current assets increased from CNY 906,240,618.71 to CNY 1,074,923,657.09, an increase of about 18.6%[20] - Total liabilities decreased from CNY 1,337,272,126.97 to CNY 1,066,307,142.65, a decline of approximately 20.2%[22] - Total assets decreased from CNY 3,828,744,045.57 to CNY 3,678,682,106.83, a decrease of about 3.9%[22] Receivables and Payables - Accounts receivable decreased by 34.05% to ¥237,191,525.06 due to significant payment of matured notes and endorsements[13] - Prepayments increased by 44.87% to ¥271,570,851.55, attributed to increased payments for materials and equipment as per project progress[13] - Other receivables surged by 187.02% to ¥11,964,113.13, mainly due to payments for public rental housing[13] - Long-term receivables rose by 136.05% to ¥339,055,795.90, reflecting increased installment sales revenue recognition[13] - Employee compensation payable increased by 68.40% to ¥55,039,989.74, due to unissued bonuses[13] Operating Costs and Expenses - Total operating costs for Q3 2018 were ¥100,755,814.64, compared to ¥19,902,666.36 in Q3 2017, indicating a substantial rise[31] - The company reported a total profit of ¥41,905,803.93 for Q3 2018, compared to ¥47,649,930.71 in Q3 2017, reflecting a decrease of 12.5%[32] - The company incurred asset impairment losses of -¥38,368,855.21 in Q3 2018, compared to -¥93,786,076.58 in Q3 2017[38] - Financial expenses rose by 45.17% to -¥14,558,900.04, primarily due to decreased interest income from early repayment of sales[14] Government Support - The company received government subsidies amounting to CNY 2,674,865.31 during the reporting period[9] Research and Development - Research and development expenses for the first nine months of 2018 were ¥46,341,833.71, slightly down from ¥47,887,625.15 in the same period last year[31] - Research and development expenses for Q3 2018 amounted to ¥19,390,002.87, an increase of 31.5% compared to ¥14,782,693.68 in Q3 2017[36]