CCEGC(600939)2023-10-29 16:00Financial Performance - Total operating revenue for Q3 2023 was CNY 11,422,559,234.80, a decrease of 3.14% compared to the same period last year[6]. - Net profit attributable to shareholders for Q3 2023 was CNY 66,376,506.86, an increase of 12.97% year-on-year[6]. - Basic earnings per share for Q3 2023 was CNY 0.0251, representing a significant increase of 221.79% compared to the previous year[6]. - Total operating revenue for the first three quarters of 2023 was CNY 32.34 billion, a decrease of 18.5% compared to CNY 39.71 billion in the same period of 2022[20]. - Net profit for the third quarter of 2023 was CNY 190.29 million, down 33.4% from CNY 285.67 million in the third quarter of 2022[21]. - The net profit for the first three quarters of 2023 was CNY 143,272,428.71, down 21% from CNY 181,165,125.37 in the previous year[28]. - Total comprehensive income for Q3 2023 was CNY 172.47 million, down 37.0% from CNY 273.45 million in Q3 2022[22]. - The company reported a total comprehensive income of CNY 125,341,093.00 for Q3 2023, compared to CNY 158,528,397.55 in Q3 2022[29]. Assets and Liabilities - The total assets at the end of Q3 2023 were CNY 82,576,278,585.21, reflecting a 0.62% increase from the end of the previous year[6]. - As of September 30, 2023, the total assets of the company amounted to RMB 82,576,278,585.21, an increase from RMB 82,068,396,361.96 as of December 31, 2022, reflecting a growth of approximately 0.62%[16]. - Total liabilities increased to CNY 73.62 billion in Q3 2023 from CNY 72.82 billion in Q3 2022, representing a growth of 1.1%[21]. - The total liabilities and shareholders' equity as of the end of Q3 2023 amounted to CNY 28,758,402,721.46, a decrease from CNY 30,767,037,340.31 at the end of Q3 2022[28]. - The total current liabilities increased to RMB 66,535,029,945.96 from RMB 66,180,538,115.26, showing a rise of about 0.54%[16]. - The total liabilities decreased to RMB 22.65 billion from RMB 24.13 billion, indicating a reduction in overall financial obligations[27]. Cash Flow and Financial Health - Cash flow from operating activities for the year-to-date period was negative CNY 744,268,255.00, indicating a decline in cash generation[6]. - Net cash flow from operating activities was negative at -RMB 744.27 million, compared to -RMB 239.92 million in the previous year, indicating a decline in operational efficiency[24]. - Cash inflow from operating activities for the first three quarters of 2023 was CNY 34.75 billion, down 19.1% from CNY 42.94 billion in the same period of 2022[23]. - The company's cash and cash equivalents decreased to RMB 3,794,120,702.63 from RMB 5,365,898,233.25, representing a decline of about 29.3% year-over-year[15]. - Cash and cash equivalents at the end of the period were RMB 4.41 billion, down from RMB 4.60 billion, reflecting a decrease in available cash[24]. - The company reported a net cash outflow from financing activities of -RMB 561.39 million, compared to -RMB 469.88 million in the previous year, indicating increased financial strain[24]. Shareholder Information - The top shareholder, Chongqing Construction Investment Holding Co., Ltd., holds 44.40% of the shares, with significant pledges on its holdings[11]. - The company distributed a cash dividend of RMB 0.24 per share, totaling RMB 45,642,916.18 based on the total share capital of 1,901,788,174 shares as of March 31, 2023[13]. - The company's total equity decreased to CNY 6,106,999,674.61 as of the end of Q3 2023, down from CNY 6,639,906,404.90 at the end of Q3 2022[28]. Operational Insights - The company plans to focus on improving project commencement rates and construction progress to counteract the impact of the macroeconomic environment[8]. - The company's investment loss for the first three quarters of 2023 was CNY 65.96 million, compared to a loss of CNY 51.88 million in the same period of 2022[21]. - Research and development expenses for the first three quarters of 2023 were CNY 83.14 million, a decrease of 6.5% from CNY 89.38 million in the same period of 2022[21]. - The company reported a decrease in sales expenses to CNY 12.85 million in Q3 2023 from CNY 9.81 million in Q3 2022, an increase of 31.0%[21].