QYDL(SZ:002039)2018-10-23 23:39Financial Performance - Operating revenue for the reporting period was approximately ¥740.38 million, down 40.89% year-on-year[8] - Net profit attributable to shareholders of the listed company was approximately ¥152.77 million, a decrease of 48.72% compared to the same period last year[8] - Basic earnings per share decreased by 48.72% to ¥0.5002[8] - The weighted average return on net assets was 6.16%, down 7.19% year-on-year[8] - Net cash flow from operating activities was approximately ¥556.16 million, a decrease of 15.70% compared to the same period last year[8] - The company reported no significant non-recurring gains or losses during the reporting period[10] - The company’s operating income from non-operating activities fell by 98.70% to ¥199,857.66, due to a decrease in VAT refunds[16] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥16.77 billion, a decrease of 2.11% compared to the end of the previous year[8] - Net assets attributable to shareholders of the listed company increased by 8.54% to approximately ¥2.56 billion[8] - Cash and cash equivalents increased by 1,604.78% to ¥103,339,763.06 from a negative balance of ¥6,867,429.30[16] - Accounts receivable rose by 64.09% to ¥181,319,158.10, attributed to an increase in settled electricity volume[16] - Deferred income tax assets increased by 30.65% to ¥2,093,074.77 due to a rise in accounts receivable and bad debt provisions[16] - The company reported a significant decrease in asset impairment losses by 81.91% to ¥3,896,441.54, due to a reduction in receivables[16] - Other receivables surged by 738.83% to ¥5,104,692.64, primarily from unrecovered compensation for water and electricity losses[16] - The company’s long-term debt due within one year increased by 49.32% to ¥1,216,316,909.83, reflecting an increase in borrowings[16] - Other current liabilities decreased by 44.20% to ¥93,773,706.04, mainly due to a reduction in dividends payable[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,696[12] - The largest shareholder, China Huadian Corporation, held 13.58% of the shares[12] Future Outlook - The company expects net profit attributable to shareholders for 2018 to range between ¥24,026.24 million and ¥33,636.74 million, reflecting a decrease of 25.00% to an increase of 5.00% compared to 2017[20] - The company plans to continue monitoring the impact of water supply on power generation and revenue for future performance assessments[20]