MCST(300355)2018-10-29 16:00Financial Performance - Operating revenue for the reporting period was CNY 811,486,659.95, down 57.31% year-on-year [10]. - Net profit attributable to shareholders was CNY 135,741,964.97, a decrease of 57.77% compared to the same period last year [10]. - Basic earnings per share were CNY 0.08, reflecting a decline of 60.00% year-on-year [10]. - The weighted average return on net assets was 3.65%, down 6.53% from the previous year [10]. - Cash flow from operating activities showed a net outflow of CNY 2,078,205,371.36, a decrease of 52.19% year-on-year [10]. - The net profit after deducting non-recurring gains and losses was CNY 134,159,075.97, down 57.67% year-on-year [10]. - The company's operating costs decreased by 41.56% year-on-year to approximately CNY 1.81 billion, primarily due to a reduction in new contract orders during the reporting period [19]. - Financial expenses increased by 81.32% to approximately CNY 156.44 million, mainly due to increased interest expenses from financial institutions and short-term financing [19]. - The company reported a notable increase in prepayments from CNY 13,328,440.92 to CNY 10,547,542.30, a decrease of approximately 20.8% [36]. - Total operating revenue for Q3 2018 was ¥811,486,659.95, a decrease of 57.6% compared to ¥1,900,980,079.15 in the same period last year [38]. - Year-to-date total operating revenue reached ¥2,694,337,406.53, down 41.4% from ¥4,593,132,294.58 in the previous year [44]. - The net profit for the current period is CNY 219,356,433.29, down 60.5% from CNY 555,259,132.95 in the same period last year [47]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,308,557,793, a decrease of 1.34% compared to the end of the previous year [10]. - The company's net assets attributable to shareholders increased by 5.15% to CNY 3,787,883,824.98 compared to the end of the previous year [10]. - The company's total liabilities decreased by 53.55% to ¥613,193,324.33, primarily due to the repayment of ¥800 million in short-term financing during the reporting period [18]. - Total liabilities decreased from CNY 8,552,739,848.99 to CNY 7,930,581,188.15, a decrease of about 7.26% [34]. - Current liabilities decreased from CNY 7,480,153,451.73 to CNY 6,924,616,059.52, a reduction of about 7.43% [34]. - Short-term borrowings increased significantly from CNY 1,774,735,174.77 to CNY 2,262,552,700.00, an increase of approximately 27.48% [34]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 87,159 [12]. - The top shareholder, Wang Zhaoming, held 22.37% of the shares, amounting to 358,841,922 shares [13]. - The controlling shareholder pledged 179,860,000 shares, accounting for 50.12% of their holdings and 11.21% of the company's total share capital [22]. - The company distributed a cash dividend of ¥0.87 per 10 shares to all shareholders, based on a total of 1,604,242,081 shares, which was approved on May 16, 2018 [26]. - The company's cash dividend policy complies with its articles of association and has been executed transparently, protecting minority shareholders' rights [27]. Cash Flow and Investments - Cash received from sales and services increased by 55.87% to approximately CNY 1.59 billion, mainly due to increased project payments [19]. - Cash paid for purchasing goods and services rose by 63.86% to approximately CNY 3.27 billion, primarily due to payments for project materials and labor costs [19]. - The company reported a net cash outflow from operating activities of CNY -2,078,205,371.36, compared to CNY -1,365,531,090.00 in the previous period [49]. - Total cash inflow from financing activities reached 3,398,997,797.47 CNY, up from 2,609,194,047.92 CNY in the previous period, reflecting a strong financing position [50]. - The cash flow from investment activities showed a net outflow of -586,707,146.24 CNY, compared to -101,606,523.00 CNY in the previous period, highlighting increased investment expenditures [50]. Operational Adjustments and Future Plans - The company plans to focus on high-quality government partners and adjust its business scale in response to market changes [18]. - The company plans to issue offshore bonds, with the application already filed with the National Development and Reform Commission [20]. - The company plans to issue overseas bonds with a total scale not exceeding $200 million, which was approved by the board on January 29, 2018 [23].