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%[4] - Net profit attributable to shareholders was ¥625.62 million, a significant increase of 52.45% year-on-year[4] - Basic earnings per share rose to ¥0.1121, up 52.52% compared to the previous year[3] - The weighted average return on equity increased by 0.88 percentage points to 2.61%[3] - The company reported a 44.70% increase in investment income, amounting to ¥13.89 million, due to higher returns from joint ventures[10] Cash Flow and Liquidity - The net cash flow from operating activities for the first three quarters was -¥7.19 billion, an improvement from -¥11.44 billion in the same period last year[3] - The company reported a net cash outflow from operating activities, leading to a 25.23% decrease in cash and cash equivalents, totaling ¥23.29 billion compared to ¥31.15 billion at the end of the previous year[9] - The company's short-term borrowings decreased by 100%, down to ¥0 from ¥1.5 billion, as subsidiaries repaid their loans[9] Cost Management and Efficiency - The company focused on cost reduction and efficiency improvement, leading to a decrease in selling and administrative expenses by ¥1.85 billion year-on-year[4] - Research and development expenses increased by 149.11% year-on-year, reaching ¥231.13 million, reflecting the company's commitment to enhancing technology development[10] - The company’s cash paid for the purchase of fixed assets decreased by 59.17%, amounting to ¥197.63 million, reflecting reduced capital expenditures[10] Shareholder Information - The total number of shareholders at the end of the reporting period was 57,564, with the largest shareholder holding 54.29% of the shares[6] Contracts and Projects - The company signed new contracts worth ¥640.77 billion in the first three quarters, a 24.69% increase year-on-year, with domestic contracts accounting for ¥566.51 billion and overseas contracts for ¥74.26 billion[11] - Key projects such as Guangdong Petrochemical and Amur Gas Processing Plant are progressing smoothly, enhancing operational efficiency[4] Government Support and Subsidies - The company received government subsidies amounting to ¥19.80 million during the reporting period, which are closely related to its normal business operations[5] Liabilities and Financial Stability - The accounts payable increased by 25.22%, totaling ¥28.10 billion, primarily due to increased project subcontracting and equipment procurement[9] - The company recorded a significant increase in other current liabilities, up 980.84% to ¥2.51 billion, due to adjustments related to new revenue standards[9] - The company has a total of 33 ongoing guarantees with a cumulative amount of ¥286.28 billion, indicating stable financial backing for its subsidiaries[12] Foreign Exchange and Market Impact - The company reported a net foreign exchange loss of ¥294 million, a significant increase compared to a net gain of ¥253 million in the previous year[10]