中科环保(301175) - 2024 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2024 reached ¥387,663,381.73, an increase of 18.28% compared to the same period last year[6] - Net profit attributable to shareholders was ¥99,880,072.62, reflecting a significant growth of 47.15% year-over-year[6] - The net profit after deducting non-recurring gains and losses was ¥97,853,450.74, up by 49.58% compared to the previous year[6] - Basic earnings per share (EPS) stood at ¥0.0679, representing a 47.29% increase year-over-year[6] - Total operating revenue for the third quarter reached ¥1,199,505,130.13, an increase of 12.57% compared to ¥1,065,258,883.34 in the same period last year[20] - The total comprehensive income for the period was CNY 294,603,770.52, compared to CNY 238,942,933.03 in the same quarter last year, showing a growth of approximately 23.4%[22] - The company's operating profit for the quarter was CNY 329,300,208.67, up from CNY 292,291,196.37, indicating an increase of around 12.7%[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥7,465,153,858.31, a growth of 4.38% from the end of the previous year[6] - Total liabilities rose to ¥3,625,541,450.28, compared to ¥3,453,834,930.48, reflecting an increase of 4.97%[20] - Long-term borrowings increased to ¥2,093,928,144.38 from ¥1,893,264,087.60, a growth of 10.59%[20] - Current assets totaled ¥2,053,891,664.06, compared to ¥1,916,511,289.43 at the beginning of the period, indicating a growth of 7.15%[19] - Non-current assets increased to ¥5,411,262,194.25 from ¥5,235,431,286.11, representing a rise of 3.24%[19] Cash Flow - The company reported a net cash flow from operating activities of ¥468,601,692.81, which is a 65.09% increase year-to-date[6] - The net cash flow from operating activities for Q3 2024 was ¥468,601,692.81, an increase of 65.0% compared to ¥283,849,958.63 in Q3 2023[24] - Total cash outflow from operating activities amounted to ¥665,046,344.17, up from ¥599,899,693.62 in the same period last year[24] - The net cash flow from investing activities was -¥385,110,227.85, an improvement from -¥607,836,503.25 in Q3 2023[24] - Cash inflow from financing activities reached ¥955,832,665.83, compared to ¥394,984,956.70 in Q3 2023, indicating a significant increase[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,032, with the largest shareholder holding 57.75% of the shares[10] - The company granted 30.137 million restricted shares, accounting for 2.05% of the total share capital at the time of the incentive plan announcement[15] - The company reported a total of 50,000,086 shares held by China Science and Technology Industry Investment Management Co., Ltd., representing a significant shareholder[12] - The company’s major shareholders include Ningbo Bilun Runyu Enterprise Management Consulting Partnership, holding 21,717,644 shares[12] Operational Highlights - The increase in net profit was primarily driven by new acquisition projects, production capacity release, and expansion in waste management services[9] - The company was recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise by the Ministry of Industry and Information Technology, highlighting its core competitiveness and R&D capabilities[16] - The second phase of the garbage incineration power generation project in Fangchenggang was included in the subsidy list for biomass power generation projects in Guangxi, indicating government support[17] Research and Development - Research and development expenses increased to CNY 28,479,307.27 from CNY 18,925,822.94, marking a rise of approximately 50.5%[21] Other Financial Metrics - Financial expenses rose to CNY 49,279,027.09 from CNY 42,799,290.31, reflecting an increase of approximately 15.5%[21] - The company reported a decrease in interest income to CNY 15,087,820.04 from CNY 20,837,157.46, a decline of about 27.5%[21] - The total profit before tax was CNY 326,493,534.77, compared to CNY 289,750,634.41 in the previous year, indicating an increase of approximately 12.7%[21] Accounting and Audit - The company did not undergo an audit for the Q3 report, as indicated in the financial statements[25] - The company is implementing new accounting standards starting in 2024, which may affect future financial reporting[25]