中来股份(300393) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue for the current period was ¥612,549,533.59, down 40.48% year-on-year[7] - Net profit attributable to shareholders increased by 35.91% to ¥73,457,726.11 compared to the same period last year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 1.34% to ¥53,707,004.68[7] - Basic earnings per share remained at ¥0.30, unchanged from the previous period[7] - The weighted average return on net assets was 2.86%, a decrease of 2.58% compared to the previous year[7] - The company's operating revenue decreased by 77,636.02 million yuan, a decline of 29.85%, primarily due to changes in photovoltaic industry policies and insufficient downstream market demand[16] - The company's net profit decreased by 6,853.16 million yuan, a decline of 32.44%, attributed to reduced sales revenue and lower total profit[16] - The company's total operating revenue for Q3 2018 was CNY 612,549,533.59, a decrease of 40.5% compared to CNY 1,029,120,765.74 in the same period last year[35] - The company's net profit for Q3 2018 was not explicitly stated, but the significant drop in revenue and costs indicates a challenging financial environment[35] - The net profit for the third quarter was CNY 74,317,560.83, compared to CNY 53,939,541.80 in the previous year, indicating an increase of about 37.5%[38] - The total operating revenue for the third quarter was CNY 227,972,255.08, a decrease from CNY 466,646,948.27 in the same period last year, representing a decline of approximately 51.2%[40] - The net profit for the third quarter was CNY 142,754,638.34, down from CNY 211,286,283.83 year-over-year, representing a decline of approximately 32.4%[46] - The total profit for the third quarter was CNY 169,736,851.07, a decrease from CNY 258,599,778.62 year-over-year, representing a decline of about 34.4%[45] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net cash flow of -¥2,473,314.36, up 99.51% year-to-date[7] - The cash inflow from operating activities was CNY 1,578,941,570.97, down from CNY 2,658,543,344.77 in the previous year[50] - The cash flow from financing activities included cash received from borrowings of ¥543,838,860.00, compared to ¥566,700,015.00 in the previous period[54] - Total cash inflow from operating activities reached ¥2,130,113,648.60, while cash outflow was ¥1,384,136,402.37, resulting in a net cash flow of ¥745,977,246.23[52] - The company reported a net cash outflow from investing activities of ¥265,713,424.84, compared to a net outflow of ¥69,273,163.86 in the previous period[52] - Cash received from sales of goods and services was ¥777,240,387.28, a decrease from ¥1,296,104,594.87 in the previous period[52] - The company incurred cash payments for purchasing goods and services amounting to ¥733,218,440.48, down from ¥1,178,199,167.12 in the previous period[52] Assets and Liabilities - Total assets decreased by 8.31% to ¥5,678,823,277.61 compared to the end of the previous year[7] - The company's long-term receivables increased by 16,297.97 million yuan, a growth of 69.01%, mainly due to the recognition of income from installment sales of photovoltaic application systems[16] - The company's intangible assets increased by 7,482.02 million yuan, a growth of 118.01%, primarily from acquiring land use rights[16] - The company's short-term borrowings increased by 14,758.35 million yuan, a rise of 32.61%, due to increased working capital needs[16] - Total liabilities decreased to CNY 3,070,432,885.87 from CNY 3,541,989,529.41, a reduction of 13.3%[30] - The company's equity attributable to shareholders decreased to CNY 2,516,703,202.29 from CNY 2,594,135,630.64, a decline of 3.0%[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,674[11] - The top two shareholders, Lin Jianwei and Zhang Yuzheng, hold 36.82% and 23.97% of the shares, respectively, with significant portions pledged[11] Government Support - The company received government subsidies amounting to ¥21,491,799.33 during the reporting period[8] - The company received tax refunds amounting to 4,451.78 million yuan, an increase of 761.32%, due to higher export tax rebates and VAT refunds[17] Research and Development - Research and development expenses for the third quarter were CNY 9,761,259.93, a decrease of 44.0% compared to CNY 17,719,779.31 in the previous year[40] - The company reported a decrease in research and development expenses to CNY 38,840,720.51 from CNY 40,425,673.13 in the previous year[48] Investment Activities - The company's cash flow from investing activities amounted to 25,234.22 million yuan, mainly from increasing stakes in subsidiaries and associated companies[17] - The net cash flow from investment activities was significantly negative at -¥427,011,418.71, reflecting ongoing investments and expenditures[51] Future Plans - The company plans to publicly issue convertible bonds, with the application approved by the China Securities Regulatory Commission[19]