重庆水务(601158) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥1,839,944,123.46, a decrease of 12.45% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥313,192,144.55, down 57.17% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥299,831,438.49, a decrease of 56.72% compared to the previous year[2]. - The basic earnings per share for Q3 2024 was ¥0.06, reflecting a decline of 60.00% year-on-year[3]. - The diluted earnings per share for Q3 2024 was also ¥0.06, down 60.00% compared to the same period last year[3]. - The net profit for the third quarter of 2024 was CNY 735,110,739.50, a decrease of 49.2% compared to CNY 1,449,256,821.44 in the same period of 2023[19]. - The total comprehensive income for the third quarter of 2024 was CNY 835,180,162.47, down from CNY 1,503,664,048.12 in the third quarter of 2023, representing a decline of 44.4%[20]. - Basic and diluted earnings per share for the third quarter of 2024 were CNY 0.15, compared to CNY 0.30 in the same quarter of 2023, indicating a 50% decrease[20]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥1,242,196,302.49, a decrease of 43.61% year-on-year[3]. - As of September 30, 2024, the company's cash and cash equivalents were approximately RMB 1.43 billion, down from RMB 3.04 billion at the end of 2023[13]. - Cash flow from operating activities for the first nine months of 2024 was CNY 1,242,196,302.49, down 43.6% from CNY 2,202,826,356.99 in the first nine months of 2023[21]. - The company's cash and cash equivalents decreased to CNY 521,833,140.59 from CNY 885,364,949.41, a decline of 41%[15]. - The total assets at the end of the reporting period were ¥33,999,851,225.72, an increase of 2.71% from the end of the previous year[3]. - The company's total assets as of the end of Q3 2024 amounted to CNY 33,999,851,225.72, compared to CNY 33,103,999,908.95 at the end of Q3 2023, indicating a growth of 2.7%[17]. Liabilities and Equity - The total liabilities increased to CNY 16,860,778,321.39 in Q3 2024 from CNY 16,023,651,099.43 in Q3 2023, marking an increase of 5.2%[16]. - The equity attributable to shareholders at the end of the reporting period was ¥16,994,673,238.21, a slight increase of 0.28% year-on-year[3]. - The company's equity attributable to shareholders increased to CNY 16,994,673,238.21 in Q3 2024 from CNY 16,947,626,165.40 in Q3 2023, a slight increase of 0.3%[17]. - The short-term borrowings decreased significantly to CNY 100,000,000.00 from CNY 1,145,000,000.00, a reduction of 91.3%[16]. - The company's deferred income tax liabilities rose to CNY 86,529,467.60 in Q3 2024 from CNY 69,134,262.83 in Q3 2023, an increase of 25.2%[16]. Revenue and Costs - Total operating revenue for the first three quarters of 2024 was CNY 5,123,387,405.24, a decrease of 11.6% compared to CNY 5,799,261,257.99 in the same period of 2023[18]. - Total operating costs for the first three quarters of 2024 were CNY 4,438,781,528.45, down from CNY 4,540,020,724.42 in 2023, reflecting a reduction of 2.2%[18]. - The decrease in revenue and profit was primarily due to the adjustment in wastewater treatment service pricing, which impacted the revenue recognition for the current year[7]. Operational Highlights - The company achieved a water sales volume of 472 million cubic meters, an increase of 1.48% compared to the same period last year[12]. - The sewage treatment settlement volume reached 1.298 billion cubic meters, reflecting a growth of 3.22% year-on-year[12]. - The sludge treatment and disposal volume amounted to 480,000 tons, which is an increase of 8.91% compared to the previous year[12]. - The company maintains a leading market position in water supply and drainage services within the city[12]. - The financial structure and asset status of the company remain sound[12]. - The company plans to deepen reforms and focus on core business areas to enhance operational quality and promote sustainable development[12]. - The company is committed to technological innovation and refined management to drive internal growth[12]. Other Financial Activities - The company received government subsidies amounting to ¥12,395,081.13 during the reporting period, which are closely related to its normal business operations[4]. - The company issued the first phase of asset-backed commercial paper amounting to RMB 500 million on July 29, 2024, and a second phase of RMB 416 million on September 27, 2024[12]. - Cash inflow from investment activities was CNY 158,035,439.57 in the third quarter of 2024, an increase from CNY 108,360,633.82 in the same quarter of 2023[22]. - Cash outflow from investment activities totaled CNY 2,408,263,504.68 in the third quarter of 2024, compared to CNY 2,125,778,950.55 in the same period of 2023, reflecting an increase of 13.3%[22]. - The net cash flow from financing activities was CNY -597,627,043.33 in the third quarter of 2024, worsening from CNY -189,408,666.66 in the same quarter of 2023[22]. - The total revenue from other income was CNY 46,043,552.21 in the third quarter of 2024, compared to CNY 324,545,777.73 in the same period of 2023, indicating a significant decline[19]. - The investment income for the third quarter of 2024 was CNY 126,562,722.35, slightly down from CNY 139,764,668.43 in the same quarter of 2023[19]. - The company reported a credit impairment loss of CNY 7,416,028.58 in the third quarter of 2024, a significant improvement from a loss of CNY -15,817,664.69 in the same period of 2023[19].