2023-10-30 16:00Financial Performance - The operating revenue for Q3 2023 was CNY 265,403,204, representing a 2.90% increase compared to CNY 257,925,006 in the same period last year[3]. - The net profit attributable to shareholders was CNY 5,770,930, marking a 9.34% increase from CNY 5,273,453 year-on-year[3]. - The basic and diluted earnings per share for the quarter were both CNY 0.38, an increase of 11.76% from CNY 0.34 in the previous year[4]. - Total revenue for Q3 2023 reached 27,695,926 thousand RMB, an increase from 26,937,540 thousand RMB in Q3 2022, representing a growth of approximately 2.8%[23]. - Net profit for Q3 2023 was 23,402,347 thousand RMB, compared to 22,267,760 thousand RMB in the same period last year, reflecting a year-over-year increase of about 5.1%[23]. - Basic earnings per share for Q3 2023 was 1.29 RMB, up from 1.23 RMB in Q3 2022, indicating a growth of approximately 4.9%[24]. - Operating profit for Q3 2023 was 27,496,529 thousand RMB, slightly higher than 26,806,331 thousand RMB in Q3 2022, showing an increase of about 2.6%[22]. - Total comprehensive income for Q3 2023 was 23,969,652 thousand RMB, compared to 22,998,160 thousand RMB in Q3 2022, representing a growth of about 4.2%[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,681,665,291, reflecting a 10.35% increase from CNY 1,523,951,052 at the end of the previous year[4]. - The total liabilities as of September 30, 2023, were RMB 1,271,158,242 thousand, compared to RMB 1,137,993,529 thousand at the end of 2022, representing an increase of about 11.7%[20]. - The equity attributable to shareholders of the parent company increased to RMB 307,964,343 thousand from RMB 290,398,039 thousand, reflecting a growth of approximately 6.1%[20]. - The company's cash and cash equivalents stood at RMB 156,391,652 thousand, a decrease from RMB 158,424,810 thousand year-over-year, reflecting a decline of approximately 1.3%[18]. - The accounts receivable increased to RMB 172,040,035 thousand from RMB 141,229,619 thousand, marking a growth of around 21.8%[18]. - The inventory level rose to RMB 338,349,115 thousand, up from RMB 299,818,526 thousand, which is an increase of approximately 12.8%[18]. - The total assets as of September 30, 2023, amounted to CNY 208,450,428, up from CNY 204,689,135 at the end of 2022[28]. - The total liabilities decreased to CNY 32,804,791 from CNY 38,012,988 in the previous year[28]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -43,182,574, compared to CNY -1,167,520 in the same period last year[3]. - Cash inflow from operating activities for the first three quarters of 2023 was 855,041,868 thousand RMB, an increase from 829,093,657 thousand RMB in the same period of 2022, reflecting a growth of approximately 3.1%[25]. - Cash flow from operating activities for the first nine months of 2023 was 10,123,817 thousand RMB, slightly down from 10,541,933 thousand RMB in the same period of 2022, a decline of approximately 4.0%[32]. - Cash flow from investing activities for the first nine months of 2023 was 7,624,212 thousand RMB, an increase from 7,385,631 thousand RMB in the same period of 2022, reflecting a growth of about 3.2%[32]. - Cash flow from financing activities for the first nine months of 2023 resulted in a net outflow of -6,660,298 thousand RMB, compared to -3,254,607 thousand RMB in the same period of 2022, indicating a worsening of approximately 104.1%[33]. Contracts and Business Operations - The total new contracts signed by the group from the beginning of the year to the end of the reporting period amounted to RMB 1,786.2026 billion, representing 53.96% of the annual plan, with a year-on-year decrease of 3.12%[11]. - Domestic business new contracts accounted for RMB 1,669.0596 billion, 93.44% of the total, with a year-on-year decrease of 1.44%, while overseas business new contracts were RMB 117.1430 billion, 6.56% of the total, with a year-on-year decrease of 21.98%[11]. - The total uncompleted contracts as of September 30, 2023, amounted to RMB 7,010.1726 billion, an increase of 10.18% compared to the end of the previous year[11]. - The engineering contracting industry signed new contracts worth RMB 1,207.9255 billion, a year-on-year increase of 13.11%[12]. - The investment operation industry saw new contracts of RMB 211.8452 billion, a significant year-on-year decrease of 43.03% due to reduced project bidding volumes[12]. - The green environmental protection industry reported new contracts of RMB 87.5162 billion, down 24.54% year-on-year[12]. - The total new contracts in infrastructure construction projects amounted to RMB 1,507.2869 billion, accounting for 84.38% of the total new contracts, with a year-on-year decrease of 3.11%[14]. - The urban rail engineering sector experienced new contracts of RMB 56.1507 billion, reflecting a year-on-year increase of 21.76%[14]. Management and Strategic Changes - The company underwent significant management changes, including the resignation of the executive director and the appointment of a new president and chief accountant[15]. - The company plans to enhance its focus on water resource projects, contributing to a 35.88% year-on-year increase in new contracts in the water conservancy and transportation engineering sector[14]. - The controlling shareholder, China Railway Construction Group, plans to increase its stake in the company by acquiring between 0.1% and 0.25% of the total issued shares, with a total investment not exceeding RMB 300 million[17]. - As of October 30, 2023, the controlling shareholder has already acquired a total of 5,250,000 A shares, representing about 0.0177% of the company's total share capital[17]. Research and Development - Research and development expenses for Q3 2023 totaled 14,724,097 thousand RMB, compared to 14,047,694 thousand RMB in Q3 2022, marking an increase of approximately 4.8%[22]. - Research and development expenses increased to CNY 17,901, compared to CNY 5,660 in the previous year, reflecting a focus on innovation[30].