Shuifa Energas(SH:603318)2015-10-28 16:00Financial Performance - Operating revenue decreased by 2.74% to CNY 222,194,934.22 for the first nine months compared to the same period last year[7]. - Net profit attributable to shareholders decreased by 35.94% to CNY 12,326,317.77 for the first nine months compared to the same period last year[8]. - Basic and diluted earnings per share decreased by 40.91% to CNY 0.13[8]. - Operating profit for the first nine months of 2015 was CNY 13,931,128.88, a decline from CNY 22,906,614.58 in the same period of 2014, representing a decrease of approximately 39.2%[35]. - The company reported a total operating revenue of CNY 222,194,934.22 for the first nine months of 2015, a slight decrease from CNY 228,450,449.19 in the same period of 2014[35]. - The total profit for Q3 2015 was CNY 5,231,982.32, down from CNY 11,008,360.27 in Q3 2014, reflecting a decrease of approximately 52.5%[37]. - The company’s total comprehensive income for Q3 2015 was CNY 4,844,752.99, compared to CNY 9,652,578.62 in Q3 2014, indicating a decline of about 49.9%[37]. Assets and Liabilities - Total assets increased by 28.81% to CNY 846,359,732.10 compared to the end of the previous year[7]. - Current assets totaled ¥555,529,031.09, an increase from ¥416,468,928.36, reflecting a rise of about 33.4%[31]. - Total liabilities reached ¥382,778,178.75, compared to ¥369,967,819.08 at the beginning of the year, reflecting a slight increase of about 3.2%[32]. - Shareholders' equity rose to ¥463,581,553.35 from ¥287,095,903.80, representing a substantial increase of approximately 61.5%[32]. - Non-current assets totaled ¥290,830,701.01, up from ¥240,594,794.52, indicating an increase of about 20.9%[31]. Cash Flow - Net cash flow from operating activities decreased by 101.49% to -CNY 200,242,205.99 for the first nine months compared to the same period last year[7]. - Cash inflow from operating activities totaled CNY 89,423,599.85, down 43.6% from CNY 158,485,796.71 in the previous year[42]. - The company reported a total cash and cash equivalents net decrease of CNY -69,346,158.42, compared to CNY -55,141,267.30 in the previous year[43]. - The ending cash and cash equivalents balance was CNY 28,256,286.77, a decrease from CNY 24,324,242.28 year-over-year[43]. Shareholder Information - The total number of shareholders reached 18,885 at the end of the reporting period[12]. - The largest shareholder, Dalian Paisi Investment Co., Ltd., holds 49.42% of the shares and has pledged 35,540,000 shares[12]. - The company reported a significant commitment from its major shareholder, Paise Investment, to hold its shares long-term, with a maximum reduction of 5% of the shares held during the two-year lock-up period[19]. - Energas Ltd., another major shareholder, has agreed to a maximum reduction of 25% of its shares during the same lock-up period, ensuring the share price will not fall below the IPO price adjusted for any rights issues[19]. Related Party Transactions - The company has committed to fair and reasonable pricing for any related party transactions, adhering to market standards to prevent profit transfer or harm to other shareholders[23]. - The company has pledged to minimize related party transactions and ensure that any unavoidable transactions are conducted on an equal and voluntary basis[24]. - The company has established measures to avoid conflicts of interest with its major shareholders, ensuring no similar business activities will be conducted that could lead to competition[21]. - The company will not utilize funds from related parties inappropriately, ensuring that all financial dealings are transparent and accountable[24]. - The company has committed to compensating any losses incurred by the company or its shareholders due to violations of these commitments[24]. Tax and Subsidies - Government subsidies recognized in the current period amounted to CNY 1,500,000.00[10]. - Income tax expenses decreased by 49.28% to ¥1,899,367.30 due to a decline in profits[16]. - Total revenue from operating taxes and surcharges increased by 52.67% to ¥2,269,329.38, driven by a rise in value-added tax[16]. - Non-operating income grew by 137.21% to ¥1,521,529.93, primarily from received listing subsidies[16]. Other Financial Metrics - Cash and cash equivalents decreased by 71.43% to ¥30,921,403.00 due to increased purchases of goods and fixed asset investments[15]. - Accounts receivable increased by 94.59% to ¥348,308,504.26, primarily due to an increase in sales[15]. - Prepayments surged by 324.67% to ¥67,149,012.67, reflecting higher advance payments for goods[15]. - Other receivables rose by 42.35% to ¥4,052,001.84, mainly due to increased advances[15]. - Deferred tax assets increased by 76.41% to ¥6,589,601.88, attributed to the provision for bad debts[15].