CECO(603698)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders was ¥98,254,548.05, representing a decrease of 44.56% year-on-year[11]. - Operating revenue for the period was ¥921,813,066.68, reflecting an increase of 11.79% compared to the same period last year[11]. - Basic earnings per share decreased by 45.45% to ¥0.18 from ¥0.33 in the same period last year[13]. - The net profit after deducting non-recurring gains and losses was ¥83,185,947.89, down 52.19% year-on-year[11]. - The total profit for the period was 113,284,137.30 yuan, a decrease of 45.55% compared to the same period last year, primarily due to the characteristics of project settlement cycles and types[23]. - The net profit for the period was 98,254,548.05 yuan, a decrease of 44.56% year-on-year, attributed to longer project implementation cycles and fewer equipment deliveries[25]. - Total operating revenue for Q3 2019 was ¥188,450,174.51, an increase of 33% compared to ¥141,696,476.26 in Q3 2018[40]. - Net profit for Q3 2019 was ¥26,629,368.53, compared to ¥37,216,568.28 in Q3 2018, indicating a decrease of 28%[42]. - Total profit for Q3 2019 was ¥28,404,274.59, compared to ¥41,905,803.93 in Q3 2018, reflecting a decline of 32%[42]. Cash Flow - The net cash flow from operating activities was -¥212,044,736.41, compared to -¥98,244,019.17 in the previous year, indicating a worsening cash flow situation[11]. - Cash received from sales of goods and services was 794,482,215.68 yuan, an increase of 48.78% year-on-year, mainly due to an increase in project payments received in cash[26]. - Cash paid for purchasing goods and services was 565,892,980.41 yuan, an increase of 62.85% year-on-year, reflecting increased cash payments for goods and engineering based on project progress[27]. - Cash flow from operating activities showed a net outflow of ¥212,044,736.41 in Q3 2019, compared to a net outflow of ¥98,244,019.17 in Q3 2018[49]. - Total cash inflow from operating activities was 780,317,697.19 RMB, up from 511,065,648.06 RMB in the previous year, representing an increase of about 52.5%[50]. - Cash outflow from operating activities reached 1,011,404,543.58 RMB, compared to 628,358,571.20 RMB in 2018, marking a rise of approximately 60.9%[50]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,852,638,476.04, an increase of 4.82% compared to the end of the previous year[11]. - Total liabilities reached CNY 1,099,882,518.18, compared to CNY 1,010,642,095.76 in the previous year, reflecting a growth of approximately 8.6%[38]. - Owner's equity totaled CNY 2,624,061,928.74, up from CNY 2,545,777,289.48, indicating an increase of about 3.1%[39]. - Current assets increased to CNY 2,425,147,200.99 from CNY 2,189,216,834.95, representing a growth of approximately 10.7%[36]. - Total liabilities amounted to approximately CNY 1,010.64 million, with current liabilities at CNY 932.39 million[62]. - The total assets of the company were reported at CNY 3,675,308,251.27, indicating a minor adjustment of CNY 284,769.76[57]. Expenses - Operating costs for the period were CNY 683,144,801.14, an increase of 35.54% year-on-year, mainly due to a higher proportion of low-margin projects settled during the period[21]. - Sales expenses increased by 45.76% to CNY 24,261,064.91, primarily due to increased marketing investments to strengthen product and brand promotion[21]. - Research and development expenses for Q3 2019 were ¥11,568,013.44, a decrease of 46% from ¥21,423,828.74 in Q3 2018[40]. - The company reported a financial expense of -¥5,778,462.98 in Q3 2019, compared to -¥5,478,295.95 in Q3 2018, indicating a slight increase in financial costs[45]. Equity and Capital - The company increased its total share capital by 12,369,000 shares through a capital reserve transfer, resulting in a new total of 53,599,000 shares[13]. - The company's total capital stock increased by 30.00% to CNY 535,990,000.00, due to a capital increase of 123,690,000 shares from the 2018 annual equity distribution plan[21]. - The capital reserve decreased to CNY 935,666,279.20 from CNY 1,059,356,279.20, reflecting a reduction of about 11.6%[38]. - The total equity attributable to shareholders reached CNY 2,662,094,232.17, reflecting a slight decrease of CNY 284,769.76 compared to the previous period[57]. Other Financial Metrics - The weighted average return on net assets decreased by 3.25 percentage points to 3.62%[13]. - The income tax expense for the period was 15,029,589.25 yuan, a decrease of 51.21% year-on-year, aligning with the scale of total profit[24]. - The company reported a significant increase of 2381.98% in non-operating income, totaling 15,882,721.29 yuan, due to the acquisition of property from a demolition project[22]. - The company reported a non-recurring loss of -¥184.55 in other operating income and expenses for the year-to-date[15].