CPEC(SH:600339)2020-10-29 16:00Financial Performance - Operating revenue for the first three quarters was ¥44.94 billion, representing a year-on-year growth of 26.17%[6] - Net profit attributable to shareholders was ¥625.62 million, up 52.45% year-on-year[5] - Basic earnings per share rose to ¥0.1121, a 52.52% increase compared to the same period last year[5] - The company reported a net cash flow from operating activities of -¥7.19 billion, an improvement from -¥11.44 billion in the same period last year[5] - The company reported a 44.70% increase in investment income to ¥13.89 million, primarily due to higher returns from joint ventures[12] - Total operating revenue for Q3 2020 reached ¥16,589,766,411.83, a 16.5% increase from ¥14,238,287,338.37 in Q3 2019[22] - Net profit for Q3 2020 was ¥351,737,380.17, compared to ¥329,486,568.66 in Q3 2019, reflecting a 6.4% increase[23] - The company’s net profit attributable to shareholders was ¥349,743,539.60 in Q3 2020, compared to ¥330,303,769.71 in Q3 2019, marking a 5.0% increase[23] Assets and Liabilities - Total assets at the end of the reporting period reached ¥101.61 billion, an increase of 9.13% compared to the end of the previous year[5] - The company's current assets totaled ¥93.99 billion, up from ¥84.93 billion in the previous year, indicating a growth of about 10.5%[17] - Total liabilities increased to ¥77.41 billion from ¥69.31 billion, which is an increase of about 11.4%[18] - The company's equity attributable to shareholders rose to ¥24.15 billion from ¥23.75 billion, reflecting an increase of approximately 1.7%[18] - The company reported a current liability total of ¥74.99 billion, up from ¥67.16 billion, indicating an increase of about 11.5%[17] - The total amount of new contracts signed in Q3 2020 was ¥314.28 billion, representing 49.04% of the total for the year[14] - The company has a total guarantee balance of ¥286.28 billion for subsidiaries, with 33 guarantees currently in effect[14] Cash Flow - Cash and cash equivalents decreased to ¥23.29 billion from ¥31.15 billion, reflecting a decline of approximately 25.1% year-over-year[16] - The company received CNY 44.19 billion in cash from sales of goods and services in the first nine months of 2020, an increase from CNY 42.14 billion in the same period of 2019[27] - The net cash flow from operating activities was -1,044,531,831.32 RMB for the first three quarters of 2020, compared to 71,347,964.35 RMB in the same period of 2019[30] - Cash inflow from financing activities was 1,500,000,000.00 RMB, with a net cash flow of 1,253,216,511.28 RMB, compared to -291,220,076.99 RMB in the same period of 2019[31] - The total cash inflow from financing activities was 1,533,560,622.00 RMB, reflecting the company's efforts to secure funding[28] Research and Development - The company's R&D expenses increased by 149.11% year-on-year to ¥231.13 million, reflecting a significant investment in technology development[12] - Research and development expenses in Q3 2020 amounted to ¥107,206,576.31, significantly higher than ¥36,431,102.62 in Q3 2019, indicating a 194.5% increase[22] Financial Position Changes - Financial expenses increased to ¥2.38 billion, primarily due to exchange rate fluctuations, resulting in a net foreign exchange loss of ¥0.29 billion[6] - The company recorded a 980.84% increase in other current liabilities to ¥2.51 billion, attributed to adjustments under new revenue standards[10] - The company implemented new revenue recognition standards effective January 1, 2020, with no significant impact on retained earnings[35] - The company reclassified certain receivables and liabilities under the new revenue recognition standards, impacting contract assets and liabilities[35]