碧水源(300070) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥2.19 billion, a decrease of 12.60% year-on-year, while year-to-date revenue increased by 11.90% to ¥6.05 billion[8]. - Net profit attributable to shareholders was ¥208.22 million, a slight increase of 0.47% year-on-year, but year-to-date net profit decreased by 22.64% to ¥573.31 million[8]. - Basic earnings per share for the reporting period was ¥0.0661, up by 0.61%, while year-to-date earnings per share decreased by 23.21% to ¥0.182[8]. - The weighted average return on equity was 1.15%, down by 0.13% compared to the same period last year[8]. - Total operating revenue for Q3 2018 was CNY 2,194,557,362.73, a decrease of 13% compared to CNY 2,510,819,324.60 in the same period last year[40]. - Net profit for Q3 2018 was CNY 232,543,372.57, slightly down from CNY 232,742,734.93 in Q3 2017, representing a decrease of 0.09%[42]. - Total operating revenue for the current period reached ¥6,048,992,001.26, an increase of 11.87% compared to ¥5,405,890,795.26 in the previous period[49]. - Net profit for the current period was ¥649,668,914.94, a decrease of 14.74% from ¥761,961,089.97 in the previous period[50]. - The total profit for the current period was ¥802,298,795.99, down 15.59% from ¥950,685,016.19 in the previous period[50]. Cash Flow - The net cash flow from operating activities showed a significant decline, with a negative cash flow of ¥1.12 billion, representing a decrease of 49.33%[8]. - The total cash inflow from operating activities for the period was CNY 7,337,558,491.98, compared to CNY 4,788,390,122.23 in the previous period, representing a 53.5% increase[55]. - The net cash flow from operating activities was -CNY 1,118,583,699.85, an improvement from -CNY 2,207,765,465.42 in the same period last year[55]. - Cash inflow from financing activities was CNY 9,885,358,577.39, slightly down from CNY 9,887,234,667.11 in the previous period[57]. - The net cash flow from financing activities increased to CNY 5,044,479,258.08 from CNY 3,931,600,986.16 year-over-year[57]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥51.79 billion, an increase of 13.48% compared to the end of the previous year[8]. - Current assets rose to CNY 17.64 billion, up from CNY 15.16 billion, marking an increase of about 16.4%[33]. - Total liabilities increased to CNY 30.32 billion from CNY 25.76 billion, representing a growth of approximately 17.5%[35]. - Long-term borrowings increased significantly to CNY 6.86 billion from CNY 3.68 billion, a growth of approximately 86.5%[35]. - Owner's equity rose to CNY 21.47 billion from CNY 19.88 billion, reflecting an increase of about 8%[35]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,150,510,734[11]. - The top shareholder, Wen Jianping, holds 22.77% of the shares, with 717,466,634 shares, of which 538,099,975 are pledged[11]. - The company did not engage in any repurchase transactions among the top shareholders during the reporting period[12]. Expenses and Costs - Sales expenses grew by 29.11% year-over-year, driven by increased costs associated with company expansion and the consolidation of subsidiaries[20]. - Financial expenses surged by 108.66% year-over-year, mainly due to increased funding needs for PPP projects and new bank loans[21]. - Research and development expenses increased to CNY 59,560,214.55, up 80.5% from CNY 32,976,812.78 in the same quarter last year[40]. - Research and development expenses rose to ¥136,556,257.51, reflecting a 39.83% increase from ¥97,633,538.02 in the prior period[49]. Inventory and Prepayments - Prepayments increased by 78.99% compared to the end of last year, mainly due to the growth in prepayments for PPP project engineering[17]. - Inventory rose by 126.88% year-over-year, primarily due to increased unfinished projects and inventory at subsidiaries[18]. - Inventory surged to CNY 2.91 billion, up from CNY 1.28 billion, indicating a significant increase of approximately 127.5%[33]. Investment Income - The company reported non-recurring gains and losses totaling ¥22.67 million for the year-to-date period[9]. - Investment income decreased by 68.24% year-over-year, primarily due to the absence of disposal gains from the previous year[21]. - The company reported an investment income of ¥90,376,652.45, down from ¥284,564,110.31 in the previous period[49].