Zhongjin Environment(300145)2024-10-29 12:02Financial Performance - Revenue for Q3 2024 was CNY 1,380,035,164.56, a decrease of 0.96% year-over-year, and a total revenue of CNY 3,585,294,891.81 for the year-to-date, down 4.00% compared to the same period last year [3]. - Net profit attributable to shareholders for Q3 2024 was CNY 87,757,139.09, a decline of 16.62%, while year-to-date net profit reached CNY 251,883,731.22, an increase of 16.63% [3]. - Basic earnings per share for Q3 2024 was CNY 0.0463, down 16.73%, with year-to-date earnings per share at CNY 0.1330, up 16.67% [3]. - Total operating revenue for Q3 2024 was CNY 3,585,294,891.81, a decrease of 3.99% from CNY 3,734,505,909.50 in the same period last year [22]. - Net profit for Q3 2024 reached CNY 268,580,206.79, an increase of 14.25% compared to CNY 235,051,313.46 in Q3 2023 [23]. - The net profit attributable to the parent company for Q3 2024 was CNY 251,883,731.22, an increase from CNY 215,968,006.18 in Q3 2023, representing a growth of approximately 16.6% [24]. - The total comprehensive income attributable to the parent company for Q3 2024 was CNY 250,311,153.79, compared to CNY 217,157,509.80 in the same period last year, reflecting an increase of about 15.2% [24]. - The basic and diluted earnings per share for Q3 2024 were both CNY 0.1330, up from CNY 0.1140 in Q3 2023, indicating a growth of approximately 16.5% [24]. Assets and Liabilities - Total assets as of the end of Q3 2024 were CNY 8,234,687,710.41, reflecting a 1.93% increase from the end of the previous year [3]. - The company's total liabilities amounted to CNY 5,404,689,134.01, a slight decrease from CNY 5,525,781,621.35 in the previous period [21]. - The total equity attributable to shareholders of the parent company increased to CNY 2,635,584,783.80 from CNY 2,376,387,832.40, reflecting a growth of 10.91% [21]. - The total non-current liabilities decreased to CNY 692,685,801.80 from CNY 1,603,229,810.26, indicating a reduction of 56.75% [21]. - Contract liabilities increased to CNY 424,325,907.31 from CNY 366,510,487.20, showing a growth of 15.73% [21]. Cash Flow - Cash flow from operating activities for the year-to-date was CNY 351,940,049.39, down 11.45% year-over-year [3]. - Cash inflows from operating activities totaled CNY 3,229,861,633.28 in Q3 2024, down from CNY 3,392,977,051.77 in Q3 2023, a decrease of about 4.8% [26]. - The net cash flow from operating activities for Q3 2024 was CNY 351,940,049.39, compared to CNY 397,458,610.99 in Q3 2023, showing a decline of approximately 11.5% [26]. - The net cash flow from investing activities for Q3 2024 was negative CNY 223,897,117.99, contrasting with a positive CNY 41,816,258.49 in Q3 2023, indicating a significant change in investment strategy [26]. - The net cash flow from financing activities for Q3 2024 was negative CNY 154,835,562.75, an improvement from negative CNY 436,586,638.03 in Q3 2023, reflecting a reduction in financing costs [26]. - The total cash and cash equivalents at the end of Q3 2024 were CNY 885,267,253.39, down from CNY 945,323,005.42 at the end of Q3 2023, a decrease of approximately 6.4% [27]. - The company received CNY 29,465,987.14 in tax refunds during Q3 2024, a decrease from CNY 60,211,227.56 in Q3 2023, indicating a potential change in tax policy or operational performance [26]. - The company reported a total cash inflow from financing activities of CNY 1,069,533,228.01 in Q3 2024, compared to CNY 819,770,498.70 in Q3 2023, representing an increase of approximately 30.5% [26]. Operational Highlights - The company reported a significant increase in trading financial assets, rising by 16,041.72% to CNY 60,043,757.53 due to the purchase of structured deposits [7]. - Accounts receivable increased by 12,012.31% to CNY 1,277,242.71, primarily due to an increase in receivables [8]. - Investment income for the year-to-date was CNY 31,131,537.07, a substantial increase of 1,901.20% due to the disposal of a subsidiary [9]. - The company experienced a 155.86% increase in credit impairment losses, amounting to CNY -122,791,238.70, mainly due to the reclassification of certain contract assets to accounts receivable [9]. - Operating expenses decreased by 52.32% to ¥8,215,846.09 compared to the previous year due to higher provisions recognized in the same period last year [10]. - The company continues to focus on market expansion strategies, although specific details were not disclosed [10]. - The company has not provided specific future performance guidance in this report [10]. Subsidiary Developments - Subsidiary Southern Pump Co., Ltd. was recognized as a key backbone enterprise in the 2024 Mechanical Industry Blue Book [12]. - Subsidiary Huzhou Nanfeng Machinery Manufacturing Co., Ltd. was included in the "National Patent Industrialization Model Enterprise Cultivation Library" [12]. - The company aims to enhance its technology innovation capabilities, as evidenced by multiple awards received during the reporting period [12]. - The company’s subsidiary, Southern Zhishui Technology Co., Ltd., was approved to establish a post-doctoral workstation in Zhejiang Province, enhancing its research capabilities [16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,418, with the largest shareholder, Wuxi Municipal Public Utilities Group, holding 21.58% of shares [10]. - The company has a total of 28,503,049 restricted shares, with 892,000 shares released during the reporting period [11].