首航高科(002665) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue decreased by 51.75% to CNY 180,546,658.69 year-on-year, and decreased by 57.86% to CNY 491,906,880.02 year-to-date[8] - Net profit attributable to shareholders was CNY -37,535,894.98, a decrease of 303.12% year-on-year, and CNY -16,342,062.67 year-to-date, a decrease of 114.66%[8] - Basic earnings per share was CNY -0.0148, down 257.45% year-on-year[8] - Cash flow from operating activities was CNY -24,443,096.90, a decrease of 122.73% year-on-year[8] - Operating revenue decreased by 57.86% compared to the same period last year, mainly due to a reduction in completed projects[24] - Operating costs decreased by 58.86% compared to the same period last year, also due to a reduction in completed projects[25] - Financial expenses decreased by 341.55% compared to the same period last year, mainly due to increased interest income from bank deposits[26] - Cash received from sales of goods and services decreased by 39.41% compared to the same period last year, primarily due to a decrease in sales collections[29] - The company expects a net loss for the year 2018, with an estimated net profit ranging from -66,000 to -42,000 thousand yuan, compared to a net profit of 9,389.46 thousand yuan in 2017[37] Asset and Liability Changes - Total assets increased by 2.02% to CNY 9,452,917,613.46 compared to the end of the previous year[8] - Cash and cash equivalents decreased by 30.24% compared to the end of the previous year due to increased procurement of engineering materials[16] - Prepayments increased by 51.37% compared to the end of the previous year, primarily due to increased material purchases[17] - Construction in progress increased by 234.28% compared to the end of the previous year, mainly due to increased investment in solar thermal power projects[18] - The company's deferred tax assets increased by 64.69% compared to the end of the previous year, mainly due to the extended aging of accounts receivable leading to increased bad debt provisions[19] - Other non-current assets increased by 119.85% compared to the end of the previous year, primarily due to an increase in input tax to be deducted from engineering procurement[20] - Short-term borrowings increased by 31.54% compared to the end of the previous year, mainly due to increased bank loans for daily operations[21] - Long-term borrowings decreased by 33.49% compared to the end of the previous year, primarily due to the repayment of long-term loans during the reporting period[22] Other Income and Expenses - Non-current asset disposal gains amounted to CNY 68,773.61, while government subsidies recognized in the current period totaled CNY 20,573,786.21[9] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets increased by 398.96% compared to the same period last year, mainly due to increased engineering investments[32]