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*ST天沃(002564) - 2018 Q3 - 季度财报
THVOWTHVOW(SZ:002564)2018-10-30 16:00

Financial Performance - Operating revenue decreased by 22.87% to CNY 1.57 billion for the current period, and by 38.42% to CNY 5.55 billion year-to-date[9] - Net profit attributable to shareholders decreased by 49.17% to CNY 58.57 million for the current period, and by 21.50% to CNY 161.56 million year-to-date[9] - Basic earnings per share decreased by 57.73% to CNY 0.0662 for the current period, and by 27.86% year-to-date[9] - The weighted average return on net assets was 1.46%, down by 2.91% compared to the previous year[9] - The estimated net profit attributable to shareholders for 2018 is projected to be between RMB 200 million and RMB 250 million, reflecting a year-on-year change of -11.17% to 11.04%[30] - The net profit for 2017 attributable to shareholders was RMB 225.15 million[30] Assets and Liabilities - Total assets increased by 18.93% to CNY 26.86 billion compared to the end of the previous year[9] - Net assets attributable to shareholders increased by 43.83% to CNY 3.90 billion compared to the end of the previous year[9] - The company’s short-term borrowings increased by 48.11% to CNY 4,472,100,000.00 due to adjustments in the financing structure[17] - The company’s cash and cash equivalents decreased by 87.91% to CNY -89,778,878.39, reflecting improved cash flow from financing activities[18] - The company’s capital reserve increased by 61.94% to CNY 2,300,039,948.28, primarily due to the premium from the non-public stock issuance[17] Cash Flow - Net cash flow from operating activities showed a significant decline of 9,518.70% to -CNY 1.48 billion for the current period, and a decline of 268.28% year-to-date[9] - The net cash flow from financing activities increased by 1489.60% to CNY 1,624,626,070.05, mainly due to funds raised from a non-public stock issuance[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 44,007[13] - The largest shareholder, Chen Yuzhong, holds 19.83% of the shares, with 131.29 million shares pledged[13] Investments and Subsidiaries - Long-term equity investments rose by 70.54% to CNY 169,632,060.32, primarily from investment income recognized using the equity method from Chongqing Fuling Energy Group[17] - The company established a wholly-owned subsidiary, Shanghai ChenZhan Energy Technology Co., Ltd., with a registered capital of RMB 9.5 million, focusing on the development and services of new energy technology[25] - The company established a wholly-owned subsidiary, Tianjin Hongqi Defense Technology Co., Ltd., with a registered capital of RMB 500,000, to support its military-civilian integration sector[25] Research and Development - Research and development expenses surged by 95.52% to CNY 38,840,941.74 as the company increased its investment in R&D[17] Financial Management and Commitments - There were no overdue commitments by the actual controller, shareholders, or related parties during the reporting period[29] - The company did not engage in any entrusted financial management during the reporting period[34] - There were no non-operating fund occupations by the controlling shareholder or related parties during the reporting period[33] Future Plans - The company plans to repurchase shares within a budget of CNY 3.5 billion, with a maximum price of CNY 8 per share[24] - The company plans to issue medium-term notes and ultra-short-term financing bonds with a total registered issuance amount not exceeding RMB 12 billion and RMB 10 billion, respectively[26] - The company is actively promoting the registration and issuance of medium-term notes and ultra-short-term financing bonds following shareholder approval[26] Non-Recurring Items - The company reported non-recurring gains and losses totaling CNY 4.02 million for the year-to-date[10]