WHEE(SH:600475)2016-10-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 2.55% to CNY 70,062,815.80 for the first nine months of the year[6]. - Operating revenue for the first nine months decreased by 1.85% to CNY 2,366,221,631.67 compared to the same period last year[6]. - Total operating revenue for Q3 2016 was ¥710,050,440.14, a decrease of 8.06% compared to ¥772,140,382.87 in Q3 2015[24]. - Net profit for Q3 2016 reached ¥26,853,739.80, slightly up from ¥26,469,236.96 in Q3 2015, indicating a growth of 1.45%[25]. - The total profit for the first nine months of 2016 was approximately ¥118.44 million, compared to ¥38.90 million in the same period last year, showing a significant increase of about 204.5%[28]. - The company recorded investment income of approximately ¥95.09 million for the first nine months of 2016, a significant increase from ¥14.62 million in the same period last year[28]. Assets and Liabilities - Total assets decreased by 1.13% to CNY 5,010,779,225.61 compared to the end of the previous year[6]. - The company's total assets amounted to approximately CNY 5.01 billion, a decrease from CNY 5.07 billion at the beginning of the year[17][19]. - The company's total liabilities decreased to approximately CNY 3.33 billion from CNY 3.41 billion, a reduction of about 2%[19]. - Total liabilities rose to ¥1,844,408,080.74 in Q3 2016, up from ¥1,545,028,253.91 in Q3 2015, marking an increase of 19.39%[22]. - The largest shareholder, Wuxi Guolian Environmental Energy Group Co., Ltd., holds 45.12% of the shares[8]. Cash Flow - Cash flow from operating activities showed a significant decline, with a net amount of CNY 570.00 compared to CNY 217,270,883.88 in the previous year, a decrease of 100%[12]. - Operating cash inflow for Q3 2016 totaled CNY 2,217,179,888.65, compared to CNY 2,151,227,942.40 in Q3 2015, reflecting a year-over-year increase of approximately 3.1%[31]. - Cash inflow from financing activities was CNY 125,000,000.00, a decrease of 49.7% from CNY 248,500,000.00 in the previous year[32]. - The ending cash and cash equivalents balance for Q3 2016 was CNY 888,247,720.17, down from CNY 682,738,270.73 in the previous year, reflecting a decrease of approximately 29.9%[32]. - Cash and cash equivalents at the end of the first nine months of 2016 stood at CNY 684,744,248.81, up from CNY 406,796,270.78 in the same period last year, marking an increase of approximately 68.3%[35]. Shareholder Information - The number of shareholders reached 19,564 at the end of the reporting period[8]. - The company has committed to not engaging in any business that competes with the listed company, ensuring compliance with competitive regulations[15]. Asset Management and Restructuring - The company plans to absorb and merge with Wuxi Guolian Environmental Energy Group Co., Ltd. through a share issuance, and will pay cash to acquire assets from Xizhou International Co., Ltd. and Xilian International Investment Co., Ltd.[13]. - The company has submitted all application materials to the China Securities Regulatory Commission for the asset restructuring, which is still pending approval[14]. - The company has received approval from the Jiangsu Provincial State-owned Assets Supervision and Administration Commission for the asset restructuring plan[13]. Inventory and Receivables - The company’s inventory as of September 30, 2016, was approximately CNY 865.79 million, an increase from CNY 824.70 million at the beginning of the year, reflecting a growth of about 5%[17]. - Accounts receivable increased to approximately CNY 1.41 billion, up from CNY 1.25 billion, indicating a growth of about 11.3%[17]. - The total inventory as of Q3 2016 was ¥454,905,746.89, an increase of 10.8% from ¥410,883,783.93 in Q3 2015[22].