BOW(SZ:300070)2018-10-31 11:47Financial Performance - Operating revenue decreased by 12.60% to CNY 2.19 billion for the current period, but increased by 11.90% to CNY 6.05 billion year-to-date[8] - Net profit attributable to shareholders increased by 0.47% to CNY 208.22 million for the current period, but decreased by 22.64% to CNY 573.31 million year-to-date[8] - Basic earnings per share rose by 0.61% to CNY 0.0661 for the current period, while year-to-date it decreased by 23.21% to CNY 0.182[8] - The company reported a 68.24% decrease in investment income compared to the same period last year, primarily due to the absence of disposal gains[21] - 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] - Net profit for the period was ¥649,668,914.94, a decrease of 14.71% from ¥761,961,089.97 in the previous period[50] - Comprehensive income totalled ¥568,377,722.61, down from ¥750,241,350.37 in the previous period[51] - The total profit margin decreased, reflecting the challenges faced in maintaining profitability amid rising costs[48] Assets and Liabilities - Total assets increased by 13.48% to CNY 51.79 billion compared to the end of the previous year[8] - The company's current assets totaled CNY 17.64 billion, up from CNY 15.16 billion, indicating a growth of about 16.4%[33] - The total liabilities of the company reached CNY 30.32 billion, up from CNY 25.76 billion, indicating an increase of about 17.5%[35] - Long-term borrowings increased by 86.49% compared to the end of last year, attributed to new borrowings for project companies[19] - Short-term borrowings rose significantly to CNY 5.06 billion from CNY 3.92 billion, an increase of about 29%[34] Cash Flow - The net cash flow from operating activities showed a significant decline of 49.33% year-to-date, totaling CNY -1.12 billion[8] - Operating cash flow improved by 49.33% year-on-year, reflecting better risk control and reduced expenditures[23] - The cash flow from operating activities showed a net outflow of CNY 1.12 billion, an improvement from a net outflow of CNY 2.21 billion in the same period last year[55] - The cash flow from investing activities resulted in a net outflow of CNY 5.05 billion, worsening from a net outflow of CNY 4.66 billion in the same period last year[56] - The cash flow from financing activities generated a net inflow of CNY 5.04 billion, compared to CNY 3.93 billion in the previous year, reflecting a 28.3% increase[56] Shareholder Information - The total number of shareholders at the end of the reporting period was 87,174[11] - The largest shareholder, Wen Jianping, holds 22.77% of the shares, with a total of 717.47 million shares, of which 503.53 million are pledged[11] - The company has not conducted any repurchase transactions among the top shareholders during the reporting period[12] Expenses - Sales expenses grew by 29.11% year-on-year, driven by increased costs associated with company expansion and the consolidation of subsidiaries[20] - Financial expenses surged by 108.66% year-on-year, mainly due to increased funding needs for PPP projects and new bank loans[21] - Research and development expenses increased to ¥136,556,257.51, up from ¥97,633,538.02 in the previous period, reflecting a focus on innovation[48] Other Financial Metrics - Non-recurring gains and losses totaled CNY 22.67 million year-to-date, with significant contributions from asset disposal and government subsidies[9] - The company received government subsidies, contributing to a 128.52% increase in deferred income compared to the end of last year[19] - The company reported investment income of CNY 47,987,667.81, significantly higher than CNY 10,434,650.12 in the same period last year[42] - The company reported a total loss from other comprehensive income of ¥81,291,192.33, compared to a loss of ¥11,719,739.60 in the previous period[50]