*ST惠天(000692) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥42,656,937.63, a decrease of 7.46% year-on-year[8]. - Net profit attributable to shareholders was -¥102,414,769.70, an increase of 13.84% in loss compared to the same period last year[8]. - Basic earnings per share were -¥0.1922, a decrease of 13.85% compared to the same period last year[8]. - Financial expenses increased by 31.95% due to higher demand for operating funds and increased bank borrowing costs[15]. - Investment income decreased by 52.26% year-on-year, primarily due to a decline in net profit from the equity method accounting of Shenyang Storage and Transportation Group[18]. - The company reported a 115.34% decrease in undistributed profits year-on-year, reflecting losses incurred during the reporting period[18]. Assets and Liabilities - Total assets decreased by 5.66% to ¥5,323,702,020.21 compared to the end of the previous year[8]. - Net assets attributable to shareholders decreased by 22.69% to ¥1,023,592,803.60 compared to the end of the previous year[8]. - The company’s accounts receivable decreased by 66.23% compared to the previous year, attributed to the maturity and cash collection of bank acceptance bills[18]. - Other receivables decreased by 33.10% year-on-year due to the receipt of subsidy payments during the reporting period[18]. - Other current assets increased by 33.75% year-on-year, driven by an increase in the value-added tax credits[18]. - Construction in progress rose by 128.50% compared to the previous year, indicating an increase in unfinished projects[18]. - Short-term borrowings increased by 40.59% year-on-year due to higher funding needs for production and operations[18]. - Deferred tax assets increased by 148.45% year-on-year, resulting from losses that created deductible temporary differences[18]. Cash Flow - Cash flow from operating activities showed a net outflow of -¥507,570,299.92, a decrease of 28.84% year-on-year[8]. - Cash received from borrowings decreased by 34.51% compared to the same period last year[17]. - Cash paid for debt repayment decreased by 46.63% due to reduced bank loan repayments[17]. Tax and Compensation - Tax refunds received increased by 750,414.05% due to the return of property land tax from the tax bureau[16]. - The company is in discussions with the related party regarding a cash compensation of CNY 76.6278 million due to unmet performance commitments from 2013-2017[20]. Investment Plans - The company has no plans for securities investment, entrusted financial management, or derivative investments during the reporting period[22][23][24].