沃特股份(002886) - 2018 Q3 - 季度财报

Company Profile and Financial Summary Key Financial Indicators The company experienced a Q3 2018 revenue decline of 22.57% and net profit decrease of 41.38%, while year-to-date revenue grew 6.10% to 552.34 million yuan, but net profit fell 14.27% to 23.31 million yuan, with non-recurring items significantly influencing results Key Financial Indicators | Indicator | Current Period (Q3) | Year-to-Date (YTD) | YOY Change (YTD) | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 180,141,894.22 | 552,339,894.61 | 6.10% | | Net Profit Attributable to Shareholders (RMB) | 5,554,944.82 | 23,310,268.10 | -14.27% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (RMB) | 1,953,357.08 | 15,272,398.19 | -40.68% | | Net Cash Flow from Operating Activities (RMB) | 17,484,157.66 | -124,923,080.27 | -46.97% | | Basic Earnings Per Share (RMB/share) | 0.05 | 0.20 | -42.86% | | Total Assets (RMB) | 984,460,207.00 | 984,460,207.00 | 0.28% (vs. prior year-end) | | Net Assets Attributable to Shareholders (RMB) | 641,094,289.61 | 641,094,289.61 | 2.35% (vs. prior year-end) | Non-recurring Gains and Losses (Year-to-Date) | Non-recurring Gains and Losses (Year-to-Date) | Amount (RMB) | | :--- | :--- | | Government Grants | 3,998,997.34 | | Fair Value Changes of Financial Assets/Liabilities and Investment Income | 5,549,666.66 | | Other Non-operating Income/Expenses | -92,346.46 | | Total | 8,037,869.91 | Shareholder Information As of the period-end, the company had 12,896 common shareholders; actual controllers Wu Xian and He Zheng, along with their controlled Shenzhen Yinqiao Investment Co., Ltd., collectively held over 56% of shares, with He Zheng and Huang Changhua having pledged shares among the top ten shareholders - At the end of the reporting period, the company had 12,896 common shareholders[12] - The company's actual controllers are Wu Xian and He Zheng, acting in concert, who collectively control the company directly and indirectly through Shenzhen Yinqiao Investment Co., Ltd[13] Top Five Shareholders | Top Five Shareholders | Shareholding Percentage | Share Nature | Pledged Shares | | :--- | :--- | :--- | :--- | | Wu Xian | 19.57% | Domestic Natural Person | - | | Shenzhen Yinqiao Investment Co., Ltd. | 18.91% | Domestic Non-State-Owned Legal Person | - | | He Zheng | 18.07% | Domestic Natural Person | 16,170,000 | | Huang Changhua | 9.88% | Domestic Natural Person | 8,430,000 | | Shenzhen Rongqiao Investment Enterprise (Limited Partnership) | 3.32% | Domestic Non-State-Owned Legal Person | - | Significant Matters Analysis of Major Financial Data Changes Significant changes in financial indicators include increased notes receivable and inventory, a 50% rise in share capital, and a net profit decline due to lower gross margin and higher financial expenses, with operating cash flow impacted by bill collection and raw material reserves - Inventory balance at period-end increased by 52.23% compared to the prior year-end, primarily due to raw material reserves for increased orders[16] - Financial expenses significantly increased by 231.94% year-over-year, mainly due to higher loan interest expenses and exchange losses[16] - Net profit decreased by 14.27% year-over-year, primarily attributed to a decline in gross margin and increased financial expenses[17] - Net cash flow from operating activities decreased by 46.97% year-over-year, mainly due to a higher proportion of accepted bills in receivables collection and raw material reserves for increased sales[17] 2018 Annual Performance Forecast The company forecasts 2018 full-year net profit attributable to shareholders to be between 33 million and 43 million yuan, a change of -18.24% to 6.54% compared to 40.36 million yuan in 2017, primarily due to rising raw material prices and exchange rate fluctuations 2018 Annual Performance Forecast | Item | Content | | :--- | :--- | | 2018 Annual Net Profit Attributable to Shareholders Forecast Range | RMB 33 million - RMB 43 million | | Year-over-Year Change | -18.24% to 6.54% | | 2017 Annual Net Profit Attributable to Shareholders | RMB 40.36 million | | Reasons for Performance Fluctuation | Rising raw material prices and exchange rate fluctuations | Wealth Management Activities During the reporting period, the company invested raised funds in bank wealth management products, with a cumulative transaction amount of 80 million yuan and an outstanding balance of 70 million yuan at period-end, with no overdue or impairment-risk situations reported Wealth Management Details | Item | Amount (RMB million) | | :--- | :--- | | Source of Funds | Raised Funds | | Cumulative Wealth Management Transactions | 80 | | Outstanding Balance | 70 | | Overdue Unrecovered Amount | 0 |