万里石(002785) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 293,903,870.88, an increase of 40.07% year-on-year [8]. - Net profit attributable to shareholders was CNY 590,560.90, a decrease of 88.36% compared to the same period last year [8]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 128,360.08, down 97.36% year-on-year [8]. - Basic earnings per share were CNY 0.0030, down 88.19% year-on-year [8]. - The weighted average return on net assets was 0.09%, a decrease of 0.68% compared to the previous year [8]. - Net profit attributable to shareholders decreased by 34.22% to ¥10,329,289.06, impacted by rising raw material prices and labor costs, leading to a decline in gross margin [16]. - The company expects to turn a profit in 2018, projecting a net profit between ¥8,000,000 and ¥11,000,000, compared to a loss of ¥6,440,500 in 2017 [19]. Cash Flow and Assets - The net cash flow from operating activities was CNY 11,603,485.24, a decrease of 135.21% compared to the same period last year [8]. - Cash and cash equivalents decreased by 39.53% to ¥80,540,274.45 due to cash outflows from financing activities and negative net cash flow from operating and investing activities [16]. - Operating cash flow net amount improved by 71.64%, reaching -¥13,152,327.47, due to increased cash received from sales of goods and services [16]. - Total assets at the end of the reporting period were CNY 1,253,330,618.90, a decrease of 1.75% compared to the end of the previous year [8]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,656 [11]. - The largest shareholder, FINSTONE AG, held 21.53% of the shares, amounting to 43,050,050 shares, all of which were pledged [11]. - The company has no overdue commitments from controlling shareholders or related parties during the reporting period [21]. Inventory and Liabilities - Inventory increased by 31.71% to ¥221,649,126.40, primarily due to stockpiling before tariff increases from the US-China trade war and increased inventory for construction projects [16]. - Long-term payables increased by 404.86% to ¥4,370,391.35, mainly due to increased mortgage loans for fixed assets [16]. Investments and Projects - The company reported a 49.66% increase in investment income to ¥3,191,458.12, attributed to higher net profits from joint ventures [16]. - The company received a bid notification from China Overseas Property Group for supplying exterior and interior stone materials for projects in South China, North China, and East China [17]. - The company is currently addressing compensation matters with local government regarding the orderly exit of its subsidiary from mining operations [17].