泰胜风能(300129) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue decreased by 28.07% to CNY 384,646,646.76 for the reporting period[7] - Net profit attributable to shareholders decreased by 78.71% to CNY 9,616,941.92 for the reporting period[7] - Basic earnings per share decreased by 83.33% to CNY 0.01[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 86.24% to CNY 5,598,459.55[7] - Total profit decreased by 85.38% year-on-year, primarily due to reduced operating revenue and a decline in gross margin[20] - The company reported no significant changes in net profit expectations compared to the previous year[29] - Total operating revenue for Q3 2018 was ¥384,646,646.76, a decrease of 28.06% compared to ¥534,726,339.18 in the same period last year[42] - Net profit for Q3 2018 was ¥9,152,189.29, a decline of 79.8% from ¥45,157,141.84 in Q3 2017[43] - The company reported a basic earnings per share of ¥0.01, down from ¥0.06 in the same quarter last year[43] - The basic and diluted earnings per share for Q3 2018 were both ¥0.03, a decrease from ¥0.21 in Q3 2017[50] Cash Flow and Liquidity - Cash flow from operating activities increased significantly by 819.71% to CNY 139,912,122.00 year-to-date[7] - Net cash flow from operating activities increased by CNY 159.35 million year-on-year, mainly due to increased cash received from sales of goods and services[23] - Cash and cash equivalents increased by CNY 217.40 million year-on-year, primarily due to the increase in net cash flow from operating activities[24] - Cash inflow from operating activities amounted to CNY 1,426,695,372.32, an increase from CNY 1,156,306,498.32 year-on-year[54] - Net cash flow from operating activities was CNY 139,912,122.00, a significant recovery from a loss of CNY 19,440,094.20 in the previous period[56] - Cash flow from investment activities generated a net inflow of CNY 91,490,840.74, compared to a net outflow of CNY 43,307,984.32 in the previous period[56] - Cash flow from financing activities resulted in a net outflow of CNY 110,408,236.83, worsening from a net outflow of CNY 21,790,348.61 in the previous period[57] - The ending balance of cash and cash equivalents was CNY 257,840,649.66, up from CNY 109,243,534.65 at the end of the previous period[57] Assets and Liabilities - Total assets increased by 9.50% to CNY 3,523,398,266.48 compared to the end of the previous year[7] - The company's financial assets measured at fair value decreased by 100% compared to the beginning of the year, primarily due to no outstanding forward foreign exchange contracts at the end of the reporting period[18] - Accounts receivable and notes receivable decreased by 31.32% compared to the beginning of the year, attributed to improved collection efforts and a reduction in the use of notes for payment as export sales increased[18] - Prepayments increased by 74.63% compared to the beginning of the year, mainly due to increased advance payments for steel and project costs[18] - Inventory increased by 89.03% compared to the beginning of the year, primarily due to an increase in finished goods and work in progress[18] - Total liabilities increased to RMB 1.30 billion from RMB 960.23 million, marking a rise of about 35.4%[36] - The company's equity attributable to shareholders decreased to RMB 2.22 billion from RMB 2.26 billion, a decline of approximately 1.6%[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 46,984[11] - The top ten shareholders held a combined 33.77% of the company's shares[11] - The company received government subsidies amounting to CNY 10,170,542.59 during the reporting period[8] - The cash dividend policy remained unchanged, with a distribution of RMB 0.80 per 10 shares, totaling RMB 57.53 million for the 2017 fiscal year[28] Investment and Subsidiaries - The company established a wholly-owned subsidiary, Guangdong Taisheng Wind Power Co., Ltd., with a registered capital of RMB 130 million, fully funded by the company[25] - The company’s investment income increased by 70.31% year-on-year, mainly due to gains from the fair value changes of forward foreign exchange contracts[20] - The company recorded an investment income of ¥1,403,240.62, compared to ¥1,980,245.35 in the previous year[42] - The company reported an investment income of ¥1,247,304.44 for Q3 2018, down from ¥1,515,990.01 in Q3 2017[44] Research and Development - Research and development expenses for Q3 2018 were ¥9,297,020.91, down 23.5% from ¥12,161,558.47 in Q3 2017[44]