WHEE(SH:600475)2015-10-28 16:00Financial Performance - Net profit attributable to shareholders rose by 0.25% to CNY 71,892,524.18 for the first nine months of the year[7]. - Operating revenue for the first nine months was CNY 2,410,885,837.76, reflecting a 1.01% increase year-on-year[7]. - Total revenue for Q3 2015 was CNY 772,140,382.87, a decrease of 1.3% compared to CNY 783,137,777.34 in Q3 2014[27]. - Year-to-date revenue reached CNY 2,410,885,837.76, an increase of 1.0% from CNY 2,386,841,890.95 in the same period last year[27]. - Total profit for the first nine months of 2015 was CNY 38,901,284.32, down 10.5% from CNY 43,465,257.66 in the same period last year[31]. - Net profit for Q3 2015 was CNY 6,775,447.70, a decrease of 17.0% from CNY 8,171,280.16 in Q3 2014[31]. - The company reported a financial expense of CNY -12,815,639.39 for the first nine months of 2015, slightly improved from CNY -13,129,383.41 in the previous year[31]. - Investment income for the first nine months of 2015 was CNY 14,621,264.24, an increase of 36.5% compared to CNY 10,733,617.30 in the same period last year[31]. - The company reported a tax expense of CNY 3,642,003.01 for the first nine months of 2015, down from CNY 4,909,746.05 in the same period last year, indicating a 25.8% decrease[31]. Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 217,270,883.88, compared to a negative cash flow of CNY -74,609,362.96 in the same period last year[7]. - Net cash flow from operating activities improved significantly, reaching CNY 217.27 million compared to a negative CNY 74.61 million in the previous period[13]. - Cash inflow from operating activities totaled CNY 2,151,227,942.40, a decrease of 3.0% compared to CNY 2,217,274,328.18 in the previous year[34]. - Total cash inflow from operating activities was CNY 957,185,867.84, slightly down from CNY 959,978,760.21 in the previous year[37]. - Cash inflow from investment activities was CNY 181,294,860.50, compared to CNY 5,792,072.59 in the previous year, indicating a substantial increase[34]. - Net cash flow from investment activities was negative CNY 14,062,707.43, an improvement from negative CNY 23,569,906.89 year-over-year[34]. - Cash inflow from financing activities was CNY 248,500,000.00, up 17.3% from CNY 211,849,000.00 in the previous year[35]. - Net cash flow from financing activities was negative CNY 79,938,794.00, worsening from negative CNY 40,043,671.17 in the same period last year[35]. Assets and Liabilities - Total assets increased by 11.62% to CNY 5,031,972,336.30 compared to the end of the previous year[7]. - Total liabilities increased to CNY 3,428,711,062.71 from CNY 2,977,968,672.63 year-on-year[22]. - Current liabilities totaled CNY 3,379,237,251.20, compared to CNY 2,861,116,974.43 in the previous year[22]. - The company's equity attributable to shareholders reached CNY 1,413,017,093.85, compared to CNY 1,366,724,569.67 at the beginning of the year[22]. - Non-current liabilities totaled CNY 49,473,811.51, down from CNY 116,851,698.20 year-on-year[22]. - Accounts receivable increased to CNY 1,030,030,989.84, up from CNY 708,616,810.78 year-on-year[24]. - Inventory decreased significantly to CNY 371,175,207.30 from CNY 576,864,940.37[25]. Shareholder Information - The number of shareholders reached 15,629, indicating a stable shareholder base[9]. - The largest shareholder, Wuxi Guolian Environmental Energy Group Co., Ltd., holds 45.12% of the shares[9]. - The controlling shareholder plans to increase its stake by up to 2% of the total issued shares within three months, with the plan completed by October 10, 2015[14]. - The controlling shareholder's stake increased from 43.94% to 45.12% after purchasing 3,012,800 shares[15]. Operational Changes - The company reported a significant increase in construction in progress by 274.42% to CNY 8,305,278.55 due to the purchase of equipment pending installation[12]. - The company experienced a 50.89% increase in prepayments, totaling CNY 579,568,071.87, attributed to increased material and processing fee prepayments[12]. - The company's short-term loans increased by 46.35% to CNY 200.5 million due to increased working capital borrowings by subsidiaries[13]. - Accounts payable rose by 94.10% to CNY 801.35 million, reflecting an increase in payment settlements for goods[13]. - Prepayments increased by 44.31% to CNY 1.09 billion during the reporting period[13]. - The company decided to terminate its major asset restructuring plan after failing to reach an agreement on key issues with the transaction party[14]. - The company has committed to not engaging in any business that competes with the listed company, ensuring compliance with corporate governance standards[16]. Cost Management - Operating costs for Q3 2015 were CNY 303,984,397.07, down from CNY 360,670,549.99 in the same period last year, reflecting a 15.7% reduction[31]. - The company experienced a decrease in sales expenses, which were CNY 31,655,810.55 for the first nine months of 2015, down from CNY 41,993,873.71 in the previous year, representing a 24.6% reduction[31].