森远股份(300210) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥116,685,714.64, a decrease of 16.08% year-on-year[8] - Net profit attributable to shareholders of the listed company was -¥2,326,931.84, a decline of 108.79% compared to the same period last year[8] - Basic earnings per share were -¥0.01, down 116.67% year-on-year[8] - The weighted average return on net assets was -0.18%, a decrease of 2.25% compared to the previous year[8] - Net profit decreased by 52.54% to ¥24.48 million due to a decline in sales[17] - Total operating revenue for Q3 2018 was CNY 116,685,714.64, a decrease of 16.9% compared to CNY 139,048,145.06 in the same period last year[37] - Net profit for Q3 2018 was a loss of CNY 2,669,683.68, compared to a profit of CNY 26,759,913.74 in Q3 2017, representing a significant decline[38] - The total comprehensive income for Q3 2018 was a loss of CNY 2,669,683.68, contrasting with a profit of CNY 26,759,913.74 in the previous year[39] - Net profit for the third quarter was CNY 24,479,122.30, down from CNY 51,580,857.70, indicating a decline of approximately 53%[47] - The company reported a total profit of CNY 25,887,852.85 for the quarter, down from CNY 63,038,913.93, a decrease of about 59%[47] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,376,242,963.01, an increase of 0.62% compared to the end of the previous year[8] - Net assets attributable to shareholders of the listed company increased by 1.48% to ¥1,313,480,615.31[8] - The company's total liabilities increased to CNY 1,172,782,341.93 from CNY 1,160,039,074.67, indicating a rise in financial obligations[35] - The total liabilities decreased marginally from CNY 1,055,686,592.08 to CNY 1,054,865,360.12, with current liabilities accounting for CNY 930,689,545.82[31] - Short-term borrowings decreased significantly from CNY 615,298,425.96 to CNY 381,125,702.45, a reduction of approximately 38.1%[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,787[12] - The largest shareholder, Guo Songsen, held 43.94% of the shares, amounting to 212,749,742 shares[12] - The company did not engage in any repurchase transactions during the reporting period[13] Cash Flow - Cash and cash equivalents decreased by 45.07% to ¥233.50 million due to loan repayments and payment of goods[16] - The company’s cash flow from operating activities improved by 111.13% to ¥5.13 million due to increased collections and reduced expenses[17] - The net cash flow from operating activities for Q3 2018 was ¥5,126,549.04, a significant improvement compared to a net outflow of ¥46,043,407.84 in the same period last year[55] - Total cash inflow from operating activities was ¥456,864,376.49, while cash outflow was ¥424,474,467.79, resulting in a net cash flow of ¥32,389,908.70[58] - The net cash flow from investing activities was -¥30,321,979.85, compared to -¥214,195,781.25 in the previous year, indicating a reduced cash outflow[55] - Cash inflow from financing activities totaled ¥425,000,000.00, while cash outflow was ¥592,166,980.86, leading to a net cash flow of -¥167,166,980.86[56] Inventory and Receivables - Accounts receivable increased by 2039.07% to ¥25.67 million driven by growth in non-financial institution bank bill financing[16] - Inventory rose by 18.75% to ¥394.61 million to meet market demand[16] - The company's current assets totaled CNY 1,383,087,927.99, slightly up from CNY 1,370,173,290.81 at the beginning of the period, with cash and cash equivalents decreasing from CNY 425,058,226.81 to CNY 233,499,980.59[28][29] - Accounts receivable increased to CNY 506,611,265.91 from CNY 444,861,659.27, indicating a growth of approximately 13.9%[28] - Inventory levels increased from CNY 332,314,288.47 to CNY 394,613,587.77, representing a growth of about 18.7%[28] Research and Development - Research and development expenses decreased by 12.07% to ¥9.22 million due to fewer R&D projects[17] - Research and development expenses decreased to CNY 2,002,573.30, down 40.4% from CNY 3,363,949.58 in the previous year[38] - Research and development expenses were CNY 9,216,285.87, slightly down from CNY 10,481,876.82, showing a decrease of about 12%[46] Project Information - The company confirmed revenue of ¥1.69 million from the Jilin project with a completion percentage of 13.79%[19] - The total estimated investment for the Jilin project is ¥1.31 billion, with the company holding a 49% stake[19] - The company has four PPP projects, with two currently under construction and two on hold[19]