CRHIC(SH:600528)2018-10-26 16:00Financial Performance - Operating revenue for the period reached CNY 11.91 billion, a year-on-year increase of 3.89%[8] - Net profit attributable to shareholders was CNY 1.08 billion, reflecting a growth of 19.98% year-on-year[8] - Basic and diluted earnings per share increased by 13.02% to CNY 0.486[8] - The company reported a significant increase in investment income, totaling CNY 20,789,501.22 for Q3 2018, compared to CNY 400,800,845.11 in the same period last year[31] - Net profit for Q3 2018 was ¥375,896,345.93, compared to ¥262,623,496.30 in Q3 2017, representing a year-over-year increase of approximately 43%[27] - The total comprehensive income attributable to the parent company for Q3 2018 was CNY 379,157,624.43, an increase from CNY 279,262,705.39 in the previous year[32] Assets and Liabilities - Total assets increased by 15.65% to CNY 36.59 billion compared to the end of the previous year[7] - Total liabilities amounted to CNY 20.96 billion, compared to CNY 16.85 billion in the previous year, reflecting a growth of approximately 24.9%[21] - Current assets totaled CNY 28.23 billion, up from CNY 24.00 billion, indicating a year-on-year increase of about 9.3%[20] - The company's cash and cash equivalents decreased to CNY 3.89 billion from CNY 4.95 billion, a decline of about 21.4%[22] - The total assets as of Q3 2018 amounted to ¥15,256,493,109.07, an increase from ¥14,979,792,619.47 in the previous quarter[24] Cash Flow - Net cash flow from operating activities was negative at CNY -595.34 million, compared to CNY -553.79 million in the same period last year[7] - Total cash outflow from operating activities was CNY 14.26 billion, compared to CNY 11.59 billion in the previous year, indicating an increase of about 23%[35] - The company reported a net decrease in cash and cash equivalents of CNY (2.05 billion) for the quarter, compared to a decrease of CNY (150.93 million) in the same period last year[36] - Cash outflow from investment activities was CNY 948.95 million, compared to CNY 619.45 million in Q3 2017, reflecting an increase of approximately 53%[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 124,369[12] - The largest shareholder, China Railway No. 2 Engineering Group, held 31.58% of shares, with 6.6 million shares frozen[12] - The first major shareholder, China Railway No. 2 Engineering Group Co., Ltd., holds 701,620,295 shares, accounting for 31.58% of the total shares[14] Investment and Projects - The company has 12 fundraising projects, with several projects progressing as planned, including the TBM private cloud R&D project and the high-end equipment remanufacturing center project[15][16] - The company is optimizing investment plans for projects that have not met expectations due to national policies and market conditions[16] - The company is focused on enhancing project investment returns through strategic adjustments[16] - The company has plans for market expansion and new product development, focusing on enhancing its competitive edge in the industry[20] - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its portfolio[20] Research and Development - Research and development expenses for Q3 2018 were ¥260,239,974.19, an increase from ¥208,397,995.05 in Q3 2017[26] - The company's research and development expenses for the first nine months of 2018 amounted to CNY 46,245,283.14, indicating a focus on innovation[31] Other Financial Indicators - The weighted average return on net assets decreased by 0.46 percentage points to 7.25%[8] - The company reported a non-operating loss of CNY -994,528.83 for the period[10] - The company received government subsidies amounting to CNY 406,000 during the reporting period[10] - The company reported a significant increase in accounts payable, which rose to CNY 11.08 billion from CNY 8.79 billion, reflecting a growth of about 25.5%[21]