*ST惠天(000692) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥952,417,416.48, representing a 4.50% increase compared to ¥911,426,387.79 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥63,001,337.98, a decrease of 221.55% from a profit of ¥51,830,613.04 in the previous year[8]. - The net cash flow from operating activities improved by 15.54%, amounting to -¥383,124,525.77 compared to -¥453,600,600.20 in the previous year[8]. - Total assets decreased by 7.76% to ¥5,205,022,244.56 from ¥5,643,060,585.29 at the end of the previous year[8]. - The weighted average return on equity was -4.81%, down 8.42% from 3.61% in the previous year[8]. Cash Flow and Expenditures - Cash and cash equivalents decreased by 47.02% due to high cash expenditures for operational needs[16]. - Cash received from operating activities decreased by 61.46% year-on-year due to a reduction in subsidy income during the reporting period[17]. - Cash paid for operating activities decreased by 56.49% year-on-year, attributed to a decrease in project payments by the wholly-owned subsidiary Shenyang Real Estate Development Co., Ltd.[17]. - Cash received from borrowings decreased by 50.72% year-on-year due to a reduction in bank borrowings during the reporting period[17]. - Cash paid for debt repayment decreased by 50.39% year-on-year, reflecting a decrease in bank loan repayments during the reporting period[17]. Changes in Assets and Liabilities - Prepayments decreased by 71.55% as a result of actual coal settlement payments[16]. - The company experienced a 405.58% increase in notes payable due to increased use of bank acceptance bills[16]. - Tax expenses increased by 178.18% due to changes in property and land tax policies[16]. - Government subsidies recognized as operating income decreased by 99.72% compared to the previous year[16]. Commitments and Guarantees - The company has commitments related to performance guarantees for the period from 2013 to 2017, with a total expected net profit of CNY 138.22 million[18]. - The company will compensate for the difference between the actual cumulative net profit and the assessed cumulative net profit in cash to its wholly-owned subsidiary Shenyang Second Thermal Power Heating Company[18]. - There were no significant changes in the company's operating performance expected for the first half of 2018[20]. - The company reported no securities or derivative investments during the reporting period[21][22]. - There were no violations regarding external guarantees during the reporting period[23]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[24].