*ST围海(002586) - 2015 Q3 - 季度财报

Financial Performance - Operating revenue decreased by 4.12% to CNY 390,700,882.87 for the current period, but increased by 11.28% to CNY 1,243,612,402.32 year-to-date[6] - Net profit attributable to shareholders decreased by 78.45% to CNY 4,615,969.70 for the current period, and decreased by 61.31% to CNY 19,844,840.05 year-to-date[6] - Basic earnings per share decreased by 66.67% to CNY 0.01 for the current period, and decreased by 57.14% to CNY 0.03 year-to-date[6] - The weighted average return on net assets decreased by 1.15% to 0.30% for the current period, and decreased by 2.43% to 1.28% year-to-date[6] - The estimated net profit attributable to shareholders for 2015 is projected to be between 40.81 million and 71.41 million CNY, representing a decrease of 30% to 60% compared to the previous year's net profit of 102.02 million CNY[24] - The decline in net profit is primarily due to a decrease in revenue from high-gross-margin BT projects compared to the same period last year[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 46,051[9] - The largest shareholder, Zhejiang Weihai Holding Group Co., Ltd., holds 41.49% of the shares, totaling 302,100,000 shares[9] - There were no significant changes in the shareholding structure or any repurchase agreements among the top shareholders during the reporting period[10] - The company has committed to stabilizing its stock price by encouraging major shareholders and management to increase their holdings during significant price drops[23] Cash Flow and Assets - The net cash flow from operating activities decreased by 50.62% to CNY -78,524,707.41 year-to-date[6] - Cash and cash equivalents decreased by 32.10% to 49,738.70 million due to the use of funds raised from a targeted issuance for investment projects[13] - Accounts receivable decreased by 93.42% to 36.99 million as a result of reduced settlement via notes[13] - Prepayments increased by 101.71% to 21,191.01 million, mainly due to increased prepayments for materials and engineering as business scale expanded[13] - Other receivables increased by 152.00% to 39,441.85 million, primarily for performance guarantees related to the Hangzhou Bay project[13] - Inventory increased by 256.96% to 6,340.40 million, reflecting unsettled construction costs[13] - Short-term borrowings increased by 112.89% to 86,860.00 million, due to new short-term loans for project performance guarantees[13] - Financial expenses increased by 69.60% to 4,869.40 million, mainly due to an increase in short-term borrowings[13] Investment and Financing Activities - The company reported non-operating income of CNY 6,934,955.49 for the year-to-date[7] - Investment income surged by 654.03% to 893.45 million, attributed to interest from the repurchase of a project and returns from financial products[13] - The company plans to raise up to 250,000 million through a non-public offering to fund two major projects[17] - The company decided to terminate the major asset restructuring plan and will not plan any major asset restructuring within six months from the announcement date[16] - There were no securities investments during the reporting period[25] - The company did not hold any equity in other listed companies during the reporting period[26] Assets Overview - Total assets increased by 15.43% to CNY 3,945,666,257.14 compared to the end of the previous year[6]