NINGBO FUDA(600724)2022-10-25 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥758,468,634.67, representing a year-on-year increase of 47.77%[7]. - The net profit attributable to shareholders for Q3 2022 was ¥53,135,398.10, showing a decrease of 24.05% compared to the same period last year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥52,510,150.53, which increased by 12.04% year-on-year[7]. - The basic earnings per share for Q3 2022 was ¥0.0368, down 23.97% from the previous year[10]. - Net profit for the third quarter of 2022 was ¥209,348,746.58, down from ¥260,956,261.68 in the same quarter of 2021, indicating a decrease of approximately 19.8%[45]. - Basic earnings per share for the third quarter of 2022 were ¥0.1219, down from ¥0.1595 in the same quarter of 2021, reflecting a decrease of about 23.5%[48]. - The company's financial expense was -¥21,688,548.95 in 2022, compared to -¥3,478,224.77 in 2021, indicating a significant increase in financial costs[42]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,175,582,355.74, a decrease of 2.66% compared to the end of the previous year[10]. - The total liabilities increased to ¥816,134,486.77 in 2022 from ¥692,043,723.10 in 2021, marking an increase of about 17.9%[40]. - The total equity attributable to shareholders decreased to ¥2,810,362,698.35 in 2022 from ¥2,995,506,482.44 in 2021, a decline of approximately 6.2%[40]. - The total assets and equity totaled ¥4,175,582,355.74 in 2022, down from ¥4,289,853,113.24 in 2021, a decrease of about 2.7%[42]. - The company's cash and cash equivalents increased to CNY 1.14 billion as of September 30, 2022, compared to CNY 956.28 million at the end of 2021, reflecting a growth of approximately 19.3%[33]. - The company's non-current assets totaled CNY 2.19 billion as of September 30, 2022, compared to CNY 2.10 billion at the end of 2021, showing a growth of about 4.3%[37]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥135,138,623.26, reflecting a decrease of 46.85% year-on-year[10]. - The net cash flow from operating activities for the period was 135 million RMB, a decrease of 119 million RMB compared to the same period last year, primarily due to an increase in cash received from sales of goods and services by 956 million RMB and an increase in cash paid for purchases of goods and services by 1.126 billion RMB[16]. - Cash flow from operating activities for the first three quarters of 2022 was ¥2,695,140,817.91, compared to ¥1,739,169,351.06 in 2021, an increase of approximately 55.0%[48]. - Operating cash inflows totaled 1,822,642,159.23[51]. - Operating cash outflows amounted to 1,568,367,246.55, reflecting a 69.5% increase[51]. - Net cash flow from operating activities was 254,274,912.68[51]. - Net cash flow from investment activities was 562,620,086.01[51]. Inventory and Receivables - The company's receivables increased by 81.90%, reaching ¥358,000,000, primarily due to increased receivables in the fuel oil processing sales segment[13]. - The company's inventory increased by 41.89%, totaling ¥271,000,000, attributed to higher inventory levels in the cement and fuel oil processing segments[13]. - The company's inventory as of September 30, 2022, was CNY 270.90 million, up from CNY 190.92 million at the end of 2021, indicating an increase of approximately 42%[37]. Investments and Projects - The company plans to acquire assets from Xinping Luquishan Cement Co., Ltd. for 220 million RMB, with an expected total investment of 508 million RMB for asset acquisition and technical transformation, aiming to increase annual production capacity to 4.9 million tons[23]. - The investment for the relocation project of the 200,000-ton cement grinding system is now 353 million RMB, with an expected annual revenue of 881 million RMB and a profit of 20.99 million RMB, reflecting an investment profit rate of 6.30%[25]. - As of September 30, 2022, the investment completed for the cement grinding system relocation project was 292.47 million RMB, accounting for 71.52% of the total investment[25]. - The company has completed the approval for the capacity cooperation of the 4,500 tons/day clinker production line project in collaboration with Shangfeng Cement, with land use rights secured for the project site[26]. - As of September 30, 2022, the investment in the Hami Jinyun Energy Technology Co., Ltd. coal tar deep processing project reached CNY 58.35 million, accounting for 62.1% of the planned investment of CNY 94 million[27]. - The cement kiln alternative fuel technology transformation project by Mengzi Yingzhou Cement Co., Ltd. has a total investment budget of CNY 126.9 million, with an expected annual average solid waste disposal income of CNY 7.05 million and indirect benefits of CNY 14.18 million[28]. - The company has completed the land rights acquisition for the cement kiln project and is currently in the environmental assessment stage as of September 30, 2022[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,793, with the largest shareholder, Ningbo Urban Construction Investment Holding Co., Ltd., holding 1,112,148,455 shares, representing 76.95% of the total[17]. - The company has provided rent reductions for non-state-owned small and micro enterprises in Tianyi Plaza, with a maximum reduction amount of CNY 53 million, and as of September 30, 2022, the actual rent reduction amounted to CNY 40.57 million[31].