CAMCE(SZ:002051)2023-10-20 16:00Financial Performance - For the first nine months of 2023, the company's operating revenue increased by 16.82%, with net profit attributable to shareholders growing by 5.89% and net profit excluding non-recurring items increasing by 6.44%[17] - In Q3 2023, the company's operating revenue rose by 47.87%, while net profit attributable to shareholders decreased by 4.11% and net profit excluding non-recurring items fell by 37.55% due to a decline in the USD exchange rate compared to the previous year[17] - The total operating revenue for the current period was CNY 8,579,073,692.48, compared to CNY 7,343,935,973.35 in the previous period[22] - The total operating costs for the current period were CNY 7,909,332,148.83, up from CNY 6,641,705,304.14 in the previous period[22] - The net profit for the current period was CNY 345,931,556.07, compared to CNY 320,211,164.47 in the previous period[24] - Basic and diluted earnings per share for the current period were both CNY 0.28, compared to CNY 0.27 in the previous period[24] - The company's operating revenue for Q3 2023 reached RMB 3,410,942,170.35, representing a year-on-year increase of 47.87%[37] - The net profit attributable to shareholders for Q3 2023 was RMB 77,487,365.75, a decrease of 4.11% compared to the same period last year[37] - The net profit excluding non-recurring gains and losses for the same period was RMB 115,348,110.68, down 37.55% year-on-year[37] - The basic earnings per share for Q3 2023 was RMB 0.06, down 14.29% year-on-year[37] - The weighted average return on equity was 0.68%, a decrease of 6.85% compared to the previous year[37] Assets and Liabilities - The total assets as of September 30, 2023, amounted to RMB 22,785,134,023.46, an increase from RMB 21,851,117,727.72 at the beginning of the year, representing a growth of approximately 4.26%[10] - The total liabilities as of September 30, 2023, were RMB 11,398,526,238.84, compared to RMB 10,753,618,565.90 at the beginning of the year, marking an increase of about 6.01%[11] - The total equity attributable to shareholders of the parent company increased to RMB 11,255,529,669.86 from RMB 10,953,833,179.71, reflecting a growth of about 2.77%[11] - The company's cash and cash equivalents decreased to RMB 6,163,202,566.68 from RMB 7,002,553,678.61, reflecting a decline of about 11.96%[9] - The company's inventory decreased to RMB 3,527,827,399.06 from RMB 3,847,584,422.38, a reduction of approximately 8.31%[9] - The company reported a short-term loan of RMB 855,393,319.52, which increased from RMB 406,629,258.76, indicating a rise of approximately 110.00%[10] - The company’s contract liabilities decreased to RMB 3,501,537,656.11 from RMB 3,921,682,064.40, a decline of about 10.67%[10] - The company’s long-term equity investments rose to RMB 303,366,955.88 from RMB 234,796,346.15, representing an increase of approximately 29.25%[10] Contracts and Projects - The company signed a business contract for the Nicaragua Punta Huete International Airport expansion project with a contract value of RMB 1,798,026,132.77 on October 17, 2023[7] - The total contract amount for the B section is RMB 1,795,289,045.86, with a total of RMB 3.593 billion for both sections, aimed at upgrading the airport in Managua, Nicaragua, with a contract duration of 48 months[34] - The company signed a business contract for the Mauritius Port Immigration Square Urban Passenger Transport Hub project with a contract amount of RMB 945.35 million, with a construction period of 36 months[41] - A business contract for the Maputo Monorail Project in Mozambique was signed with a contract amount of USD 98.67 million, with a construction period of 18 months[42] - In August 2023, the company’s subsidiary won a bid for the Lanzhou Dingyuan Sewage Treatment Plant project with a total investment of CNY 107.06 million, adopting a TOT model[19] - In September 2023, the company’s subsidiary also secured the Huailai County Jingxi Clean Source Sewage Treatment Plant project, estimated at CNY 539.72 million, with a cooperation period of 30 years[33] Cash Flow and Investments - The net cash flow from operating activities for the first nine months of 2023 decreased by 1,245.70% due to significant project payments during the peak execution period[17] - The net cash flow from operating activities for the year-to-date was negative RMB 751,257,474.15, indicating a significant decline of 1,245.70%[37] - Operating cash inflow for the current period reached ¥8,390,760,489.05, an increase of 15.6% from ¥7,259,399,224.71 in the previous period[49] - Net cash outflow from operating activities was ¥751,257,474.15, compared to a net inflow of ¥65,571,841.46 in the previous period[49] - Cash inflow from investment activities totaled ¥62,764,731.90, down 52.6% from ¥132,154,535.39 in the previous period[50] - Net cash outflow from investment activities was ¥146,106,602.51, slightly decreased from ¥146,908,137.07 in the previous period[50] - Cash inflow from financing activities was ¥945,819,479.47, a significant increase from ¥130,374,369.53 in the previous period[50] - Net cash outflow from financing activities was ¥506,608,114.20, compared to ¥214,949,892.73 in the previous period[50] - The company's cash and cash equivalents at the end of the period were ¥6,121,295,862.87, down from ¥6,757,229,349.28 in the previous period[50] Foreign Exchange and Risk Management - The company actively uses foreign exchange derivatives to hedge against exchange rate risks, with a locked amount of approximately $2.25 billion as of September 30, 2023[55] - The actual loss from foreign exchange transactions during the reporting period was ¥102,755,000, with a net gain of ¥44,653,300 after accounting for forward foreign exchange contracts[55]