CNECC(601611)2024-10-30 10:07Financial Performance - Operating revenue for the third quarter reached CNY 24.30 billion, an increase of 1.17% year-on-year[2] - Net profit attributable to shareholders was CNY 499.95 million, a decrease of 3.47% compared to the same period last year[2] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 487.17 million, down 6.04% year-on-year[2] - Basic earnings per share for the quarter were CNY 0.17, while diluted earnings per share were CNY 0.16, reflecting a decrease of 5.88%[4] - The net profit for the third quarter of 2024 was CNY 1,960,091,810.76, a slight increase from CNY 1,942,334,950.68 in the same period of 2023, representing a growth of approximately 0.9%[18] - The operating profit for the third quarter was CNY 2,421,091,849.93, slightly up from CNY 2,381,916,807.67 in the same quarter of 2023, reflecting a growth of approximately 1.6%[18] - The company reported a total comprehensive income of CNY 1,960,419,456.26 for the third quarter, compared to CNY 1,942,055,751.44 in the same period of 2023, marking an increase of about 0.02%[19] - The company reported a net profit margin improvement, with net profit for the first three quarters of 2024 showing a positive trend compared to the previous year[17] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 221.78 billion, an increase of 2.99% from the end of the previous year[4] - Total liabilities increased to CNY 180,088,959,138.75 from CNY 176,857,042,677.47, indicating a rise in financial obligations[15] - The company's total assets amounted to CNY 221,778,867,285.89, up from CNY 215,335,561,053.74 year-over-year[16] - The equity attributable to shareholders reached CNY 31,434,547,805.99, compared to CNY 28,684,621,269.77 in the previous year[16] - The total amount of major pending litigation has increased by ¥1.712 billion during the reporting period[12] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 13.66 billion[2] - The company's cash and cash equivalents as of September 30, 2024, amount to ¥12,462,527,047.34, a decrease from ¥20,200,781,576.57 at the end of 2023[13] - The cash flow from operating activities showed a net outflow of CNY -13,661,530,396.35 for the third quarter, an improvement from CNY -15,939,546,372.15 in the previous year[21] - The cash flow from investing activities resulted in a net outflow of CNY -827,892,429.58, slightly better than CNY -840,631,603.79 in the previous year[21] - The cash flow from financing activities generated a net inflow of CNY 7,521,226,305.45, down from CNY 12,770,820,021.53 in the same quarter of 2023[21] Shareholder Information - Shareholders' equity attributable to the parent company was CNY 31.43 billion, up 9.59% year-on-year[4] - The total number of ordinary shareholders at the end of the reporting period is 88,644[8] - The largest shareholder, China National Nuclear Corporation, holds 1,710,508,888 shares, accounting for 56.80% of the total shares[8] - The number of shares held by the top ten shareholders includes significant stakes from state-owned entities, indicating strong institutional support[9] - The company has no major changes in the relationships among the top shareholders, ensuring stability in ownership[9] Research and Development - Research and development expenses increased to CNY 2,110,361,932.35 in 2024 from CNY 1,750,034,345.75 in 2023, reflecting a focus on innovation[17] Market and Strategic Outlook - The report indicates no significant new products or technologies launched during the quarter[11] - There are no indications of market expansion or mergers and acquisitions reported in this quarter[11] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[17] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and profitability in the upcoming quarters[20] Compliance and Reporting - The company has adopted new accounting standards starting in 2024, which may affect the financial statements[22] - The report does not apply to the first-time execution of new accounting standards or interpretations affecting the financial statements[22] - The document contains a total of 13 pages, indicating a comprehensive report[22] - The company is focused on maintaining accurate financial reporting and compliance with new regulations[22] - The report emphasizes the importance of financial accuracy and strategic insights for decision-making[22] - There are no specific performance summaries or future outlooks provided in the document[22] - No new products, technologies, market expansions, or mergers and acquisitions are mentioned in the report[22]