兴源环境(300266) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue decreased by 44.81% to CNY 558,477,980.10 for the current period, and decreased by 17.89% to CNY 2,121,693,907.26 year-to-date[9] - Net profit attributable to shareholders decreased by 98.68% to CNY 2,457,540.08 for the current period, and decreased by 70.90% to CNY 129,620,876.02 year-to-date[9] - Basic earnings per share dropped by 99.11% to CNY 0.0016 for the current period, and decreased by 77.27% to CNY 0.10 year-to-date[9] - Total operating revenue for Q3 2018 was CNY 558,477,980.10, a decrease of 44.7% compared to CNY 1,011,947,445.60 in the same period last year[50] - Net profit for Q3 2018 was CNY 3,543,136.92, a significant decline of 98.3% compared to CNY 214,526,429.92 in Q3 2017[51] - The company's total profit for the first nine months of 2018 decreased by 67.74% year-on-year, mainly due to a reduction in operating profit[24] - The total comprehensive income for the current period was ¥141,443,982.17, down 70.3% from ¥475,427,655.84 in the previous period[60] Cash Flow - The net cash flow from operating activities increased by 119.53% to CNY 155,874,559.88 year-to-date[9] - The company reported a significant increase in cash inflow from other financing activities, totaling 577,687,077.98 CNY, compared to 564,623,337.16 CNY in the previous period[68] - The net cash flow from operating activities was 155,874,559.88 CNY, a significant improvement compared to -805,706,145.45 CNY in the previous period[67] - The company reported a decrease in cash outflow for operating activities, totaling 2,513,274,694.90 CNY, compared to 2,679,473,738.91 CNY in the previous period[67] - The total cash inflow from investment activities was 572,196,023.72 CNY, while cash outflow was 1,714,668,124.13 CNY, resulting in a net cash flow of -1,142,472,100.41 CNY[68] Assets and Liabilities - Total assets increased by 16.58% to CNY 11,049,069,209.50 compared to the end of the previous year[9] - Total liabilities increased by 98.91% compared to the beginning of the year, primarily due to increased project engineering[18] - Current assets totaled RMB 8,133,072,943.38, up from RMB 6,628,801,345.57 at the beginning of the period, indicating a growth of approximately 22.7%[42] - Total liabilities reached RMB 6,881,688,814.63, compared to RMB 5,555,544,137.79 at the beginning of the period, representing an increase of about 23.8%[44] - The company's equity attributable to shareholders was RMB 3,865,431,834.49, up from RMB 3,771,103,914.95, indicating a growth of approximately 2.5%[44] Shareholder Information - The total number of shareholders at the end of the reporting period was 42,046[13] - The largest shareholder, Xingyuan Holdings Group, holds 33.70% of the shares, with 429,729,141 shares pledged[13] - The company did not engage in any repurchase transactions during the reporting period[14] Expenses - Financial expenses for Q3 2018 increased by 324.04% year-on-year, mainly due to interest accrued from private placement debt instruments[21] - For the first nine months of 2018, the company's financial expenses increased by 127.07% year-on-year, mainly due to interest from the issuance of private debt financing tools and increased bank financing[24] - Research and development expenses for Q3 2018 were CNY 30,917,404.21, down 26.0% from CNY 41,802,764.23 in the same period last year[50] - Research and development expenses were ¥79,887,820.24, a decrease of 11.5% compared to ¥90,330,375.71 in the previous period[58] Other Financial Metrics - Non-recurring gains and losses totaled CNY 8,268,481.03, primarily from government subsidies and other income[10] - The company experienced a 215.32% increase in non-operating expenses for the first nine months of 2018, primarily due to compensation payments[24] - Investment income for the first nine months of 2018 decreased by 100.98% year-on-year, as there were no gains from subsidiary transfers compared to the previous year[24] - The company reported an investment loss of ¥1,013,048.00, contrasting with an investment gain of ¥103,646,274.63 in the previous period[59]