*ST惠天(000692) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the period was CNY 30,933,985.25, a decrease of 27.48% year-on-year[8] - Net profit attributable to shareholders was a loss of CNY 115,660,816.21, a decrease of 12.93% year-on-year[8] - Basic earnings per share were -CNY 0.2171, a decrease of 12.96% year-on-year[8] - The total operating revenue for the third quarter was ¥30,933,985.25, a decrease of 27.6% compared to ¥42,656,937.63 in the same period last year[54] - The net loss for the quarter was ¥115,932,647.97, compared to a net loss of ¥103,261,480.91 in the previous year, indicating a worsening of 12.9%[55] - The company's operating revenue for the current period is 241,741.69 million, a decrease from 555,651.50 million in the previous period, reflecting a significant decline[58] - Operating profit for the current period is -76,338,752.43 million, compared to -61,636,045.62 million in the previous period, indicating worsening performance[58] - The net profit for the current period is -56,584,189.82 million, which is a larger loss compared to -45,529,079.11 million in the previous period[59] - The total comprehensive income for the current period is -299,084,048.30 million, slightly better than -300,512,022.41 million in the previous period[63] - The total profit for the period was -211,488,068.58 CNY, slightly improved from -215,853,317.17 CNY in Q3 2018, showing a reduction in overall losses[66] Asset and Liability Management - Total assets decreased by 9.04% to CNY 5,543,191,377.61 compared to the end of the previous year[8] - Net assets attributable to shareholders decreased by 21.32% to CNY 1,108,430,074.02 compared to the end of the previous year[8] - The company experienced a 65.44% decrease in cash and cash equivalents compared to the beginning of the period due to high operational funding needs[16] - Inventory decreased by 31.04% due to the end of the heating season, resulting in reduced coal stock[18] - The company reported a 134.82% increase in asset impairment losses compared to the previous year, attributed to increased bad debt provisions[26] - Total current assets as of September 30, 2019, amounted to CNY 1,929,293,842.59, a decrease from CNY 2,351,213,807.39 at the end of 2018[45] - The company's total equity decreased from CNY 1,465,611,182.29 at the end of 2018 to CNY 1,165,813,876.01 as of September 30, 2019[48] - The company reported a net loss of CNY 32,794,517.08 in retained earnings as of September 30, 2019, compared to a profit of CNY 266,892,263.84 at the end of 2018[48] - The company's total assets decreased to ¥3,482,676,408.54 from ¥3,532,126,391.74, a decline of 1.4%[52] - The total liabilities rose to ¥2,497,861,770.55, up from ¥2,387,431,675.55, marking an increase of 4.6%[52] - The owner's equity decreased to ¥984,814,637.99 from ¥1,144,694,716.19, a decline of 13.9%[52] Cash Flow and Financing Activities - Cash flow from operating activities showed a net outflow of CNY 533,372,721.45, a decrease of 5.08% year-on-year[8] - Cash received from operating activities decreased by 51.37% compared to the previous year, primarily due to a reduction in government subsidies received[30] - Cash received from borrowings increased by 41.62% year-on-year, attributed to an increase in bank loans received during the reporting period[31] - Cash paid for debt repayment increased by 110.61% compared to the previous year, due to an increase in bank loan repayments[32] - Cash paid for other financing activities increased by 818.18%, mainly due to an increase in financing lease payments[33] - The cash flow from operating activities was -533,372,721.45 CNY, worsening from -507,570,299.92 CNY year-over-year[70] - The company raised 2,130,000,000.00 CNY in borrowings during the quarter, significantly higher than 1,504,000,000.00 CNY in the same period last year, indicating increased financing activities[70] - The net cash flow from financing activities was 384,967,874.08 CNY, down from 532,369,587.46 CNY in the previous year, reflecting a decrease of approximately 27.8%[70] - The company reported an increase in financial expenses to 70,736,724.86 CNY, compared to 58,556,667.14 CNY in the previous year, indicating rising costs associated with financing[66] - The financial expenses for the quarter were ¥39,913,143.47, an increase from ¥31,936,673.21, showing a rise of 24.9%[54] Government Subsidies and Other Income - Government subsidies recognized in the current period decreased by 65.76% compared to the previous year, impacting other income[27] - The company has maintained other income at 6,936,513.93 million, consistent with the previous period[62] Audit and Compliance - The Q3 2019 report was not audited, indicating potential limitations in the reliability of the financial data presented[75] - The company had no violations regarding external guarantees during the reporting period[40]