WHEE(SH:600475)2014-10-28 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 71,712,450.53, representing a growth of 10.37% year-on-year[9] - Operating revenue for the period was CNY 2,386,841,890.95, a decrease of 5.27% compared to the same period last year[9] - The company reported a significant increase of 123.19% in net profit after deducting non-recurring gains and losses, amounting to CNY 70,230,984.64[9] - The company reported a net cash outflow from operating activities of CNY -74,609,362.96, an improvement from CNY -119,085,999.04 in the previous year[20] - The company recorded an investment income of CNY 7,147,617.30, a substantial increase of 521.53% compared to CNY 1,150,000.00 from the previous year[20] - The net profit for the first nine months of 2014 was ¥113,491,834.00, compared to ¥93,856,812.00 for the same period in 2013, reflecting a year-on-year increase of 20.8%[30] - The total profit for the first nine months of 2014 was approximately ¥124.76 million, compared to ¥117.15 million for the same period in 2013, reflecting an increase of about 6.0%[34] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 4,660,794,220.84, an increase of 0.61% compared to the end of the previous year[9] - Total assets as of September 30, 2014, amounted to ¥2,871,162,999.81, a decrease from ¥3,081,770,359.86 at the beginning of the year[26][27] - Total liabilities decreased to ¥1,606,017,049.85 from ¥1,829,579,921.51 at the beginning of the year, indicating a reduction of 12.2%[27] - Shareholders' equity increased to ¥1,265,145,949.96 from ¥1,252,190,438.35, showing a growth of 1.0%[27] Cash Flow - The net cash flow from operating activities was CNY -74,609,362.96, an improvement from CNY -119,085,999.04 in the previous year[20] - The cash flow from operating activities for the first nine months of 2014 was negative at approximately -¥74.61 million, an improvement from -¥119.09 million in the same period last year[37] - The total cash inflow from operating activities for the first nine months of 2014 was approximately ¥2.22 billion, compared to ¥1.99 billion in the same period last year, indicating an increase of about 11.7%[37] - The company’s total cash outflow from operating activities for the first nine months of 2014 was approximately ¥2.29 billion, compared to ¥2.11 billion in the previous year, reflecting an increase of about 8.5%[37] - Cash received from sales of goods and services was CNY 915,555,775.47, compared to CNY 805,314,747.08 in the previous year, indicating a growth of approximately 13.7%[39] Shareholder Information - The total number of shareholders reached 20,461 at the end of the reporting period[12] - The largest shareholder, Wuxi Guolian Environmental Energy Group Co., Ltd., held 44.55% of the shares[12] Investment and Expenses - The company completed a significant asset restructuring with its controlling shareholder, affecting the scope of consolidation[6] - Financial expenses showed a significant decrease of 143.45%, resulting in a net income of CNY -8,511,162.56 due to changes in the scope of consolidation[20] - The company reported a significant reduction in sales expenses, which fell to ¥12,855,253.20 from ¥31,768,258.86, a decrease of 59.6%[30] - The company’s investment income for Q3 2014 was approximately ¥2.34 million, a significant decrease from ¥20.06 million in Q3 2013, representing a decline of about 88.3%[34] Cash and Equivalents - Cash and cash equivalents decreased to CNY 779,547,884.04 from CNY 917,770,825.06, representing a decline of 15.06%[21] - The ending cash and cash equivalents balance was CNY 530,745,897.29, down from CNY 549,296,948.21 at the end of the previous year[40] - The net increase in cash and cash equivalents for the period was -CNY 130,012,126.79, compared to -CNY 300,789,715.13 in the same period last year[40]