*ST围海(002586) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 554,539,845.64, a decrease of 20.51% year-on-year[11]. - Net profit attributable to shareholders was a loss of CNY 87,710,551.81, representing a decline of 282.62% year-on-year[11]. - Basic earnings per share were CNY -0.0766, a decrease of 282.38% year-on-year[11]. - The company's operating revenue for Q3 2020 was CNY 125,745.26 million, a decrease of 41.99% compared to CNY 216,782.70 million in the same period last year[20]. - The net profit for the third quarter was a loss of CNY 88,527,440.72, compared to a profit of CNY 53,774,385.39 in the same period last year, indicating a significant decline[71]. - The total profit for the current period is a loss of ¥128,935,739.85, compared to a profit of ¥138,178,721.39 in the previous period[79]. - The company reported a total revenue from sales and services of 1,618,319,800.66 CNY in Q3 2020, compared to 2,124,052,222.14 CNY in Q3 2019, reflecting a decline[86]. Asset and Liability Changes - Total assets decreased by 17.08% to CNY 8,227,088,075.76 compared to the end of the previous year[11]. - Total liabilities decreased to CNY 4,519,832,151.24 from CNY 5,664,431,490.37, a reduction of approximately 20.2%[63]. - The company's equity attributable to shareholders decreased to CNY 3,628,193,624.57 from CNY 4,050,498,104.13, a decline of about 10.4%[64]. - The company's receivables decreased by 42.15% to 138,735.42 million RMB due to the exclusion of Qianian Design from the consolidation scope[19]. - The company's fixed assets decreased by 64.22% to 11,932.01 million RMB, primarily due to the exclusion of Qianian Design from the consolidation scope[19]. - The company's total liabilities included a significant increase in interest payable, which rose by 658.63% to CNY 1,580.52 million due to overdue interest from a bank[20]. Cash Flow and Financial Management - Net cash flow from operating activities increased by 829.91% to CNY 136,867,572.37 compared to the same period last year[11]. - The net cash flow from operating activities was CNY -2,883.85 million, an improvement of 85.70% compared to CNY -20,171.50 million in the previous year[21]. - The cash inflow from financing activities was 871,987,067.98 CNY, while cash outflow was 1,235,061,094.16 CNY, resulting in a net cash flow of -363,074,026.18 CNY[87]. - The company has used RMB 609.62 million of idle raised funds to temporarily supplement working capital, which has not yet been repaid[40]. - The company has a total of 10 million yuan in overdue amounts from entrusted financial management products[44]. Regulatory and Compliance Issues - The company is currently under regulatory scrutiny regarding potential fund occupation amounting to approximately CNY 5.02 billion[7]. - The company plans to hire a qualified intermediary to assess the compliance of its accounting treatment related to a CNY 6 billion deposit issue[7]. - The company is actively seeking solutions to address issues related to goodwill impairment testing due to the loss of control over Shanghai Qinnian[8]. - The company reported a preliminary amount of 502 million RMB suspected to be occupied by controlling shareholders and related parties through intermediaries[28]. - The company has established a self-inspection team to address the suspected fund occupation issues, indicating a proactive approach to governance[57]. Shareholder and Ownership Information - Total number of common shareholders at the end of the reporting period is 15,469[15]. - Zhejiang Weihai Holding Group Co., Ltd. holds 43.06% of shares, totaling 492,697,204 shares, with 190,597,204 shares pledged and frozen[15]. - The company has not conducted any repurchase transactions among the top ten shareholders during the reporting period[16]. - The top ten unrestricted shareholders include Zhejiang Weihai Holding Group Co., Ltd. with 302,100,000 shares[16]. Project and Investment Updates - The company signed a share transfer agreement for 85% of its 90% stake in the Ninghai County Eastern Flood Control PPP project for 17,044,221.64 RMB[29]. - The company transferred 15% of its stake in Langxi Langchuan Water Environment Governance Co., Ltd. for 27 million RMB[29]. - The Fenghua Xiangshan Port project is expected to reach a usable state by January 31, 2021, but has not yet generated benefits[36]. - The TianTai Cangnan Industrial Cluster Area Phase I PPP project is expected to be completed by September 30, 2021, but has not yet generated benefits due to delays[39]. Research and Development - The company’s research and development expenses decreased by 61.42% to CNY 1,147.72 million, primarily due to the exclusion of Jiangsu Weihai from the consolidation scope[20]. - Research and development expenses for the quarter were CNY 7,046,443.50, down from CNY 11,441,450.83, a decrease of approximately 38.3%[74]. - The company's research and development expenses for the current period are ¥10,432,117.01, significantly higher than ¥58,252.43 in the previous period[81].