森源电气(002358) - 2018 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was ¥177,466,172.18, a decrease of 17.88% year-on-year[8]. - Operating revenue for the period was ¥722,422,521.13, down 41.27% compared to the same period last year[8]. - The weighted average return on equity was 3.49%, a decrease of 0.42% compared to the previous year[8]. - Net profit attributable to shareholders for the first three quarters of 2018 increased by 0.72% year-on-year, primarily due to delays in the construction of wind power and other renewable energy projects[25]. - The company expects net profit attributable to shareholders for 2018 to range between 536.07 million and 670.09 million RMB, representing a year-on-year increase of 20.00% to 50.00%[42]. Cash Flow and Investments - The net cash flow from operating activities was ¥31,241,502.89, an increase of 112.96% year-on-year[8]. - Cash received from sales of goods and services decreased by 30.08% year-on-year, influenced by macroeconomic conditions and extended payment terms for some long-term customers[33]. - Cash paid for the purchase and construction of fixed assets, intangible assets, and other long-term assets increased by 321.51% year-on-year, mainly due to increased expenditures on fundraising projects[35]. - Cash received from investment increased by 85.86% year-on-year, primarily due to returns from matured financial products[35]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,258,010,195.20, an increase of 8.29% compared to the previous year[8]. - Long-term receivables increased by 560.53% compared to the beginning of the period, mainly due to the transfer of goods into interest-bearing installment receivables[19]. - Construction in progress grew by 89.15% compared to the beginning of the period, attributed to increased investment in fundraising projects[20]. - Short-term borrowings increased by 42.43% compared to the beginning of the period, primarily due to an increase in bank short-term loans[22]. Financial Expenses - Financial expenses increased by 394.81% year-on-year, mainly due to increased interest expenses from additional short-term borrowings[26]. - Interest expenses increased by 61.43% year-on-year, mainly due to additional short-term borrowings[27]. Government Support and Contracts - The company received government subsidies amounting to ¥1,748,300.00 during the reporting period[9]. - The company signed a contract for a 100MW coal-fired power plant project in Mongolia, with project construction delayed due to international macroeconomic conditions[37]. - The company plans to participate in a merger fund with a total scale of 1.5 billion RMB, focusing on investments in renewable energy and smart equipment sectors[38]. Investment Income - Investment income rose by 92.45% year-on-year, attributed to increased returns from matured financial products[30].