WHEE(SH:600475)2017-10-27 16:00Financial Performance - Operating revenue for the first nine months reached CNY 3.73 billion, a 30.95% increase from CNY 2.85 billion in the same period last year[9]. - Net profit attributable to shareholders decreased by 37.22% to CNY 312.92 million, down from CNY 498.45 million year-on-year[9]. - Basic earnings per share fell to CNY 0.5753, a decrease of 37.22% compared to CNY 0.9164 in the previous year[9]. - Total operating revenue for Q3 reached ¥1,169,745,981.18, a 34.2% increase from ¥871,885,326.04 in the same period last year[28]. - Net profit for Q3 was ¥70,205,680.81, a decrease of 45.6% compared to ¥129,358,458.79 in Q3 of the previous year[29]. - Operating profit for the first nine months was ¥364,692,919.90, compared to ¥550,556,604.17 in the same period last year, reflecting a decline of 33.7%[28]. Assets and Liabilities - As of the end of the reporting period, total assets increased to CNY 10.24 billion, up 12.69% from CNY 9.09 billion at the end of the previous year[7]. - The company’s net assets attributable to shareholders increased to CNY 4.52 billion, up 7.40% from CNY 4.21 billion at the end of the previous year[7]. - Total liabilities reached CNY 5,370,082,019.87, compared to CNY 4,545,113,783.39, showing an increase of approximately 18.2%[21]. - Current liabilities rose to CNY 5,233,535,797.28, up from CNY 4,408,665,509.06, indicating an increase of about 18.7%[21]. - Total current assets increased to CNY 4,136,095,375.30 from CNY 2,743,752,363.02, reflecting a growth of around 50.8%[24]. Cash Flow - The company reported a net cash flow from operating activities of CNY -118.06 million for the year-to-date, compared to CNY 236.21 million in the same period last year, reflecting a significant decline[7]. - Cash flow from operating activities turned negative at CNY -118,062,573.72 compared to CNY 236,205,111.38 in the previous period, attributed to timing differences in payments and receipts[16]. - Total cash outflow for operating activities was ¥1,173,880,695.28, compared to ¥809,699,877.27 in the previous year, indicating an increase of 45%[37]. - The net cash flow from operating activities was $186,076,923.67, a decrease from $239,064,089.14 in the previous period, reflecting a decline of approximately 22.2%[38]. Investments and Financing - The company completed a share exchange merger with Wuxi Guolian Environmental Energy Group, increasing total shares from 256 million to 559 million[13]. - The company acquired 25% stakes in Wuxi Youlian Thermal Power Co., Ltd. and Wuxi Huilian Thermal Power Co., Ltd. through a private placement[5]. - The company signed a PPP contract for a waste incineration power project, indicating a strategic move towards expanding its project portfolio[16]. - Financing activities generated a net cash inflow of ¥368,833,317.55, a turnaround from a net outflow of ¥145,795,249.20 in the previous year[35]. - Cash received from financing activities totaled $199,330,648.78, while cash outflow was $35,840,000.00, resulting in a net cash flow of $199,330,648.78, compared to -$35,840,000.00 previously[38]. Operational Metrics - Operating costs increased by 41.48% from CNY 2,221,373,903.72 to CNY 3,142,801,344.02 in line with revenue growth[15]. - Investment income decreased by 44.52% from CNY 383,560,542.80 to CNY 212,793,746.46 due to rising raw material costs affecting profit levels[15]. - Sales expenses for Q3 decreased to ¥28,793,324.81 from ¥35,037,993.28 year-over-year, a reduction of 17.0%[28]. - Management expenses for Q3 increased slightly to ¥111,612,478.73 from ¥107,487,845.44, marking a rise of 4.0%[28].