ZZDC(000753)2023-10-25 16:00Financial Performance - Revenue for the third quarter was RMB 722.85 million, a 16.52% increase year-over-year[9] - Net profit attributable to shareholders for the third quarter was RMB 16.55 million, a 20.50% decrease year-over-year[9] - The company's weighted average return on equity for the third quarter was 0.63%, a decrease of 0.16 percentage points year-over-year[9] - The company's basic earnings per share for the third quarter were RMB 0.0167, a 20.48% decrease year-over-year[9] - The company's cash flow from operating activities for the year-to-date was negative RMB 367.55 million, a 659.22% decrease year-over-year[9] - The company's total operating revenue for the period was 2.25075891522 billion yuan, an increase from 1.99591265328 billion yuan in the same period last year[18] - The company's operating costs for the period were 1.88783504395 billion yuan, up from 1.60411377850 billion yuan in the same period last year[18] - Net profit for the period reached 84,375,268.00 yuan, a 6.0% decrease from 89,785,969.15 yuan in the same period last year[32] - Operating cash flow showed a net outflow of 367,554,824.61 yuan, compared to 48,412,248.09 yuan outflow in the previous year[34] - Sales revenue from goods and services amounted to 1,661,672,183.97 yuan, down 10.8% from 1,862,949,493.04 yuan[34] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 10.01 billion, an 11.86% increase compared to the end of the previous year[9] - The company's total equity attributable to shareholders as of the end of the reporting period was RMB 2.65 billion, a 0.39% increase compared to the end of the previous year[9] - The company's total liabilities increased by 25.12406248 million yuan to 6.10741385839 billion yuan as of September 30, 2023[15] - Total current assets increased to 2,563,349,043.79 yuan as of September 30, 2023, up from 2,312,912,104.26 yuan at the beginning of the year[29] - Accounts receivable rose to 812,751,072.16 yuan, a 25.3% increase compared to 648,497,311.10 yuan at the start of 2023[29] - Inventory grew by 33.1% to 397,659,611.31 yuan from 298,690,962.99 yuan[29] - Long-term borrowings increased by 26.7% to 2,353,550,640.56 yuan from 1,858,064,744.20 yuan[30] - Total liabilities increased to 7,071,328,611.16 yuan, up 15.8% from 6,107,413,858.39 yuan at the beginning of the year[30] - Other receivables decreased significantly to 96,942,040.42 yuan from 289,037,196.69 yuan, a 66.5% drop[29] - Cash and cash equivalents grew by 11.7% to 530,200,196.26 yuan from 474,880,536.38 yuan[29] - Total assets increased by 7,671,586.10 RMB to 8,955,349,691.68 RMB, primarily due to an increase in deferred tax assets[36] - Deferred tax assets rose by 7,671,586.10 RMB to 46,397,740.66 RMB[36] - Non-current assets totaled 6,642,437,587.42 RMB, with a slight increase of 7,671,586.10 RMB[36] - Current liabilities remained unchanged at 3,626,495,174.15 RMB[36] - Long-term borrowings stood at 1,858,064,744.20 RMB, showing no change from the previous period[36] Fundraising and Capital Activities - The company plans to issue A-shares to specific investors, with a total fundraising amount not exceeding RMB 1.665 billion[6] - The company has applied for the registration and issuance of ultra-short-term commercial papers and medium-term notes, with a total quota not exceeding RMB 1.5 billion and RMB 1 billion, respectively[5] - The company plans to issue up to 297,444,321 A shares to specific investors, including its controlling shareholder[27] Government Subsidies and Tax Impact - Government subsidies recognized in the current period amounted to RMB 1.51 million for the third quarter and RMB 5.06 million year-to-date[3] - The company's net profit attributable to the parent company was impacted by a land value-added tax settlement of 65,857,600 yuan by a subsidiary[25] Project and Contract Updates - The company's wholly-owned subsidiary, Zhangzhou Development Water Group, won the bid for the Nanzheng County Urban and Rural Water Supply Integration Project (Phase II) (EPC+O), with the contract yet to be signed[12] - The company's subsidiary, Zhangzhou Water and Power Engineering Co., signed a contract for the "Shanshui Mingdu" permanent power supply project with a contract value of 30.693313 million yuan[12] - Fujian Zhanglong Real Estate Group completed the payment of the third installment of 100 million yuan for the transfer of 100% equity in four real estate companies[12] - The total investment for the Zhangpu Salt Field 100MW (128.6MWp) Fishery-Photovoltaic Complementary Power Generation Project is 619.817 million yuan, with 570 million yuan allocated from raised funds[13] - The total investment for the Zhangzhou High-tech Zone Jingyuan District 196MWp Rooftop Photovoltaic Power Generation Construction Project is 826.5097 million yuan, with 658 million yuan allocated from raised funds[13] Cash Flow and Financing - Investment activities generated a net cash flow of 20,657,534.59 yuan, compared to a negative net cash flow of -625,570,452.82 yuan in the previous period[21] - Financing activities resulted in a net cash inflow of 403,697,127.79 yuan, with a total cash inflow of 1,952,679,962.12 yuan[21] - The company's cash and cash equivalents increased by 56,799,837.77 yuan, reaching a total of 522,187,866.94 yuan at the end of the period[21] Miscellaneous - The company's financial expenses for the period were -72.25282528 million yuan, compared to -4.85551306 million yuan in the same period last year[18] - The company's interest income for the period was 181.34519037 million yuan, up from 100.30104301 million yuan in the same period last year[18] - Comprehensive income for the parent company owners totaled 46,505,899.58 yuan, while minority shareholders' comprehensive income was 37,027,233.07 yuan[19] - Basic and diluted earnings per share were both 0.0478 yuan[19] - The company's total assets remained stable at 2,312,912,104.26 yuan, with no significant changes in major asset categories[22] - The company has been actively involved in project bidding and equity transfers, with several announcements made on the Cninfo website[28] - The Q3 2023 report was not audited[37]