*ST围海(002586) - 2014 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥407,507,098.79, a decrease of 4.71% year-on-year, while revenue for the year-to-date reached ¥1,117,572,043.99, an increase of 17.04%[7] - Net profit attributable to shareholders of the listed company was ¥21,419,302.57, down 4.93% year-on-year, with year-to-date net profit at ¥51,291,937.73, up 24.49%[7] - The basic earnings per share for the reporting period was ¥0.06, a decrease of 25.00% compared to the same period last year[7] - The estimated net profit attributable to shareholders for 2014 is projected to be between CNY 96.39 million and CNY 144.58 million, representing a change of 0.00% to 50.00% compared to the previous year[22] - The net profit for 2013 attributable to shareholders was CNY 96.39 million[22] - The increase in operating income compared to the previous year is cited as the reason for the expected profit growth[22] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,983,966,256.73, an increase of 14.53% compared to the end of the previous year[7] - Net assets attributable to shareholders of the listed company amounted to ¥1,505,308,345.61, representing a 61.12% increase from ¥934,305,141.75[7] - Accounts receivable increased by 65.04% to 537.53 million due to increased settlement via notes[15] - Prepayments rose by 89.48% to 13,649.29 million, mainly due to increased advance payments for materials and engineering as the construction peak season arrived[15] - Inventory surged by 229.29% to 3,988.91 million, attributed to increased unsettled construction costs[15] - Other current assets increased by 148.38% to 177.54 million, primarily due to an increase in unamortized insurance expenses[15] - Short-term borrowings grew by 38.88% to 34,150.00 million due to new short-term loans[15] - Accounts payable decreased by 31.76% to 45,142.06 million, resulting from significant payments for engineering and material costs around the Spring Festival[15] - Deferred income tax liabilities rose by 30.92% to 809.81 million, mainly due to increased unrealized internal profits from BT project investments[15] - Capital reserve increased by 198.38% to 78,353.35 million, attributed to funds raised from a targeted private placement[15] - Non-operating income increased by 208.67% to 576.35 million, due to higher subsidy income compared to the same period last year[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,496[11] - The largest shareholder, Zhejiang Weihai Holdings Group Co., Ltd., held 41.49% of the shares, totaling 151,050,000 shares, all of which were pledged[11] - The company has committed to extending the lock-up period for shareholders by one year, effective until June 1, 2015[21] - The company’s major shareholders have made commitments to avoid competition that could harm the company and its shareholders[21] - The company has not reported any unfulfilled commitments during the period[21] Corporate Governance - The company received approval for a non-public offering of up to 63 million new shares, with the approval valid for six months from January 8, 2014[18] - The company has strictly adhered to its commitments regarding share transfers and management during the lock-up periods[21] - The company does not anticipate any impact from newly issued or revised accounting standards on its consolidated financial statements[24] - The company’s chairman is Feng Quanhong, who oversees the strategic direction and commitments of the company[24] Cash Flow - The company reported a net cash flow from operating activities of -¥159,017,363.59 for the year-to-date[7] Non-recurring Items - Non-recurring gains and losses for the year-to-date amounted to ¥3,887,618.34[8] Investments - There were no securities investments or holdings in other listed companies during the reporting period[23]