科远智慧(002380) - 2018 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was ¥18,627,419.90, a decrease of 10.59% year-on-year[8]. - Operating income for the reporting period was ¥140,800,813.82, down 2.81% compared to the same period last year[8]. - The weighted average return on equity was 0.90%, a decrease of 0.14% compared to the previous year[8]. - The company's net profit attributable to shareholders for 2018 is expected to range from 98.30 million to 131.07 million, representing a change of -10.00% to 20.00% compared to the previous year[24]. Cash Flow - The net cash flow from operating activities decreased by 79.46% to ¥7,809,535.47[8]. - The net cash flow from operating activities decreased by 44.87 million, a decline of 66%, attributed to significant increases in procurement and employee compensation expenses[17]. - The net cash flow from investing activities increased by 465.78 million, mainly due to the purchase of short-term bank financial products with idle funds[18]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,419,293,272.35, an increase of 0.25% compared to the end of the previous year[8]. - Cash and cash equivalents increased by ¥185,723,800, a growth of 33.54% due to the maturity of short-term bank financial products[16]. - Prepayments increased by ¥26,014,800, a rise of 182.76% due to increased project progress payments[16]. - Other non-current assets increased by ¥28,078,800, a significant rise of 548.19% due to payments for office premises[16]. - The company's tax payable decreased by 9.77 million, a reduction of 44.62%, due to the payment of corporate income tax accrued in 2017[17]. - Deferred income increased by 6.73 million, a growth of 36.28%, mainly from subsidies received for national industrial projects[17]. - Other payables increased by 4.36 million, an increase of 81.26%, due to rising payable expenses[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,581[12]. - The company did not engage in any repurchase transactions during the reporting period[13]. - The company is planning a share buyback to implement an employee stock ownership plan, which has been approved by the board and shareholders[19]. Operational Insights - The company signed new contracts during the reporting period, which is expected to support overall performance despite uncertainties in revenue recognition[24]. - The company reported an increase in operating expenses, with procurement costs rising by 53.63 million, a growth of 27.32%, and employee compensation expenses increasing by 28.48 million[17]. - Investment income increased by 9.60 million, a growth of 161.29%, primarily due to increased returns from idle funds[17].