ICW(SH:600187)2015-10-29 16:00Financial Performance - Operating revenue decreased by 18.30% to CNY 347,915,471.40 for the first nine months compared to the same period last year[7]. - Net profit attributable to shareholders decreased by 128.64% to a loss of CNY 21,629,590.10 for the first nine months compared to the same period last year[7]. - Basic earnings per share decreased by 128.71% to CNY -0.0149 for the first nine months compared to the same period last year[7]. - The weighted average return on net assets decreased by 3.78 percentage points to -0.82%[7]. - Net profit for the period was CNY -34,528,686.26, compared to CNY 25,276,000.97 in the same period last year, indicating a significant decline[35]. - The company reported an operating profit of CNY -38,029,883.72, a decline from CNY 24,301,182.84 in the previous year[35]. - Net profit for Q3 2015 was a loss of CNY 12,217,745.24, compared to a loss of CNY 5,648,536.88 in Q3 2014, indicating a decline in profitability[38]. - Total comprehensive income for Q3 2015 was CNY -12,217,745.24, a significant decrease from CNY 72,250,731.59 in Q3 2014[39]. Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -102,631,774.52 for the first nine months[7]. - The company's net cash flow from operating activities was negative at -¥102,631,774.52, compared to -¥35,585,425.15 in the previous year, a decrease of ¥67,046,349.37[22]. - The net cash flow from operating activities for Q3 2015 was -102,631,774.52 RMB, compared to -35,585,425.15 RMB in Q3 2014, indicating a decline in operational performance[42]. - The net cash flow from investment activities was -263,430,629.77 RMB, worsening from -88,931,825.25 RMB year-over-year, highlighting increased cash outflows for investments[42]. - The net cash flow from financing activities increased by 718.28%, from ¥35,338,167.82 to ¥289,165,228.00, an increase of ¥253,827,060.18[22]. - The net cash flow from financing activities was 289,165,228.00 RMB, compared to 35,338,167.82 RMB in the previous year, showing improved capital raising capabilities[42]. Assets and Liabilities - Total assets increased by 5.80% to CNY 4,167,939,615.80 compared to the end of the previous year[7]. - The company's cash and cash equivalents decreased by 52.19%, from ¥145,773,889.34 to ¥69,693,431.91, a reduction of ¥76,080,457.43[15]. - The company's total receivables decreased by 88.39%, from ¥5,167,687.43 to ¥600,000.00, a reduction of ¥4,567,687.43[15]. - Total liabilities increased from 1.12 billion RMB to 1.36 billion RMB[30]. - Total liabilities increased to CNY 833,218,307.50 from CNY 605,875,652.74, reflecting a growth of around 37.4%[32]. - The company's total equity decreased slightly from 2.82 billion RMB to 2.81 billion RMB[30]. Shareholder Information - The total number of shareholders reached 151,515 by the end of the reporting period[12]. - The largest shareholder, Guozhong (Tianjin) Water Co., Ltd., holds 15.62% of the shares, with 227,312,500 shares pledged[12]. Government Support and Other Income - The company received government subsidies amounting to CNY 2,605,727.72 during the reporting period[9]. - Non-recurring gains and losses totaled CNY 2,519,574.82 for the first nine months[11]. Future Expectations - The company expects a significant decline in cumulative net profit compared to the same period last year due to the cancellation of VAT exemptions for wastewater treatment, which will impact profitability[24]. - Depreciation and amortization expenses are expected to rise significantly due to several subsidiaries transitioning from construction to operational phases[24]. - Financial expenses are projected to increase substantially due to the cessation of interest capitalization for a subsidiary and the issuance of short-term financing bonds amounting to 300 million RMB[24].