TUNA(SH:603177)2018-10-26 16:00Financial Performance - Net profit attributable to shareholders decreased by 90.97% to CNY 2,070,955.69 for the first nine months of the year[6]. - Operating revenue declined by 9.76% to CNY 512,693,088.85 year-on-year[6]. - Basic earnings per share dropped by 91.67% to CNY 0.01[6]. - The company reported a significant decrease in net profit excluding non-recurring gains and losses, down 98.24% to CNY 379,300.42[6]. - Operating profit fell by 94.30% to ¥1,387,483.16, primarily due to decreased revenue in the flue gas treatment segment[14]. - Net profit decreased by 90.97% to ¥2,070,955.69, reflecting a significant drop in total profit[14]. - Total profit for Q3 2018 was ¥7.11 million, compared to ¥12.92 million in Q3 2017, showing a decline of 44.8%[28]. - Net profit for Q3 2018 was ¥5.61 million, down from ¥11.46 million in Q3 2017, reflecting a decrease of 50.9%[28]. - The company reported a basic earnings per share of ¥0.03 for Q3 2018, down from ¥0.06 in Q3 2017[29]. - The total comprehensive income for Q3 2018 was ¥5.61 million, compared to ¥11.46 million in Q3 2017, indicating a decrease of 50.9%[29]. Cash Flow and Liquidity - Net cash flow from operating activities worsened by 133.52% to -CNY 122,258,270.42 compared to the same period last year[6]. - Cash flow from operating activities showed a net outflow of ¥122,258,270.42, a decline of 133.52% compared to the previous year[15]. - Operating cash flow for the first nine months of 2018 was -122,258,270.42, compared to -52,353,485.62 in the same period last year, reflecting a worsening cash flow situation[36]. - Total cash inflow from operating activities decreased to 583,864,833.38 RMB, down 14.8% from 685,262,679.54 RMB year-on-year[38]. - Cash outflow from operating activities was 707,527,559.38 RMB, a decrease of 4.5% compared to 740,694,470.63 RMB in the previous year[38]. - Cash and cash equivalents decreased to CNY 98,589,518.90 from CNY 186,497,409.64, a decline of about 47.3%[23]. - Cash and cash equivalents at the end of Q3 2018 totaled 108,677,331.95, a decrease from 166,683,879.20 at the beginning of the period[37]. - The ending cash and cash equivalents balance decreased to 71,905,709.52 RMB, down from 96,005,618.99 RMB year-on-year[39]. - The company received cash inflow from investment activities amounting to 89,259,068.49, significantly higher than 30,254,958.90 in the previous year[36]. - Cash received from investment recoveries increased significantly to 89,000,000.00 RMB, compared to 30,000,000.00 RMB in the previous year, indicating improved investment recovery efforts[38]. Assets and Liabilities - Total assets increased by 7.20% to CNY 1,246,133,567.36 compared to the end of the previous year[6]. - Total liabilities rose to CNY 747,413,462.82 compared to CNY 633,296,030.71, marking an increase of about 18.1%[25]. - Current liabilities totaled CNY 744,245,253.41, up from CNY 630,388,448.84, reflecting a growth of approximately 18.1%[25]. - Accounts receivable decreased by 30.14% to ¥50,209,230.83 due to a decline in sales revenue and lower collection rates[12]. - Inventory rose by 53.23% to ¥265,522,963.70 due to a higher number of ongoing projects[12]. - Short-term borrowings increased by 95.88% to ¥261,500,000.00, attributed to higher bank loans[12]. - Other non-current assets reached ¥28,238,800.00, marking a 100% increase due to land payments[12]. - Unappropriated profits decreased to CNY 161,247,086.56 from CNY 179,358,109.14, a decline of about 10.1%[25]. Shareholder Information - The total number of shareholders reached 22,118 at the end of the reporting period[10]. - The largest shareholder, Shaoxing Deneng Fireproof Materials Co., Ltd., holds 44.38% of the shares[11]. Market Outlook - The company anticipates a significant decline in cumulative net profit for 2018 compared to the previous year due to a shrinking market in traditional coal-fired power generation[17].