*ST惠天(000692) - 2017 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥46,098,139.21, down 79.89% year-on-year[8]. - Net profit attributable to shareholders was -¥118,869,777.52, a decrease of 37.96% compared to the same period last year[8]. - The basic earnings per share was -¥0.2231, reflecting a decline of 37.96% year-on-year[8]. - Total profit, net profit, and comprehensive income decreased by 143.96%, 169.85%, and 169.85% respectively, mainly due to reduced heating project revenues and increased period expenses[17]. - Operating revenue, total operating costs, and taxes decreased by 79.89%, 43.71%, and 51.21% respectively, primarily due to reduced sales of residential properties by a wholly-owned subsidiary[18]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,050,536,676.99, an increase of 3.28% compared to the end of the previous year[8]. - Net assets attributable to shareholders decreased by 9.49% to ¥1,275,869,658.14[8]. - Accounts receivable increased by 56.23% due to higher heating fee receivables and increased sales from the real estate subsidiary[16]. - Construction in progress rose by 83.34%, primarily due to the expansion of the Jingu Thermal Source Project[16]. - Long-term borrowings increased by 588.89% as the company adjusted its financing structure[16]. Cash Flow - Cash flow from operating activities for the year-to-date was -¥713,323,424.29, an increase of 9.83% compared to the previous year[8]. - Cash received from tax refunds increased by 274.84% year-on-year, due to higher individual income tax refunds[19]. - Cash received from other operating activities rose by 124.22% year-on-year, attributed to increased subsidies received[19]. - Cash and cash equivalents net increase decreased by 206.76% year-on-year, due to reduced net cash flow from financing activities[19]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 40,453[12]. Revenue and Expenses - Deferred revenue increased by 102.26% compared to the previous year, attributed to gains from financing leases and sale-leaseback transactions[17]. - Undistributed profits decreased by 38.73% year-on-year, primarily due to losses incurred and dividend distributions[17]. - Financial expenses rose by 35.57% year-on-year, driven by increased funding needs and higher interest expenses from bank loans[17]. Legal and Environmental Issues - The company received a court ruling requiring payment of 16.52 million yuan in principal and interest by December 25, 2017, which may impact performance[20]. - The company faced environmental fines totaling 6 million yuan during the reporting period[20].