BGT(300774)2022-10-21 16:00Financial Performance - The company's revenue for Q3 2022 reached ¥172,765,251.77, representing a 70.07% increase compared to the same period last year[5]. - Net profit attributable to shareholders was ¥39,256,327.66, up 20.88% year-on-year, while the net profit after deducting non-recurring gains and losses decreased by 17.05% to ¥24,735,534.21[5]. - The company reported a significant increase in operating income, which reached ¥591,984,361.51, a 43.04% growth year-on-year[9]. - Total operating revenue for the current period reached ¥591,984,361.51, a significant increase from ¥413,864,504.91 in the previous period, representing a growth of approximately 43.1%[28]. - Total operating costs amounted to ¥461,510,805.96, up from ¥312,512,088.69, indicating a rise of about 47.7%[28]. - Net profit for the current period was ¥127,360,722.30, compared to ¥106,189,322.67 in the previous period, reflecting an increase of approximately 19.9%[29]. - The company achieved a total profit of ¥132,945,308.56, up from ¥117,765,809.04, indicating an increase of approximately 12.5%[29]. - Basic earnings per share increased to ¥0.29 from ¥0.27, marking a growth of 7.4%[29]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,506,817,748.40, reflecting a 25.79% increase from the end of the previous year[5]. - As of September 30, 2022, the total assets of the company reached CNY 2,506,817,748.40, an increase from CNY 1,992,873,198.21 at the beginning of the year, representing a growth of approximately 25.8%[24]. - Total liabilities increased to CNY 899,763,641.85 from CNY 537,949,589.64, reflecting a growth of approximately 67.2%[24]. - The total equity attributable to shareholders rose to CNY 1,474,774,505.84 from CNY 1,437,943,966.25, showing an increase of about 2.6%[24]. - The company's non-current assets totaled CNY 879,730,323.35, slightly up from CNY 836,841,560.58, indicating a growth of approximately 5.1%[23]. Cash Flow - The company's operating cash flow net amount for the year-to-date was ¥15,468,676.41, indicating a significant improvement in cash management[9]. - Cash flow from operating activities generated a net amount of ¥15,468,676.41, a turnaround from a negative cash flow of ¥211,903,557.20 in the previous period[30]. - Cash inflow from investment activities totaled ¥2,011,880,996.69, compared to ¥1,681,992,923.00 in the previous period, showing an increase of about 19.6%[30]. - Cash flow from financing activities resulted in a net inflow of ¥8,547,268.00, down from ¥150,017,193.98 in the previous period[32]. - The company reported a decrease in cash and cash equivalents at the end of the period to ¥126,965,070.69 from ¥199,386,971.36, a decline of approximately 36.1%[32]. - The company's cash and cash equivalents increased to CNY 181,429,260.25 from CNY 161,243,300.46, reflecting a growth of about 12.5%[23]. Receivables and Inventory - Accounts receivable increased by 55.85% to ¥469,098,603.78, primarily due to increased revenue leading to higher receivables[9]. - Accounts receivable rose significantly to CNY 469,098,603.77, up from CNY 301,003,074.22, indicating a growth of approximately 55.8%[23]. - Inventory surged by 171.77% to ¥208,742,936.28, driven by project performance progress and acquisitions[9]. - Inventory levels increased to CNY 208,742,936.28 from CNY 76,807,932.82, marking a substantial rise of around 172.5%[23]. - Contract assets rose by 339.68% to ¥263,676,222.41, attributed to increased contract performance progress[9]. - The company reported a significant increase in contract assets, which rose to CNY 263,676,222.41 from CNY 59,969,803.75, representing a growth of about 339.5%[23]. Shareholder Structure - The major shareholders include Qian Qiuhong with 43.38% and Zhang Jianfei with 14.93% of shares[12]. - The company reported a total of 177,338,104 shares held by Qian Qiuhong, representing the largest individual stake[12]. - Tianjin Renai Zhiheng holds 14,000,000 shares, accounting for 3.42% of the total shares[12]. - The top ten shareholders collectively hold a significant portion of the company's equity, with the largest shareholder alone holding over 43%[12]. - There were no changes in the number of restricted shares during the reporting period, with all previously restricted shares being released[16]. - The company has a total of 19,277,978 shares held by Qian Niu Environmental (Ningxia) Equity Investment Partnership, representing a substantial investment[16]. - The report indicates that there are no shareholders participating in margin trading activities[14]. - The company has a clear ownership structure with Qian Qiuhong, Zhang Jianfei, and Qian Siying being identified as the common actual controllers[14]. - The report does not provide specific financial performance metrics or future guidance, focusing instead on shareholder structure and equity distribution[18]. Research and Development - Research and development expenses increased to ¥17,286,419.46 from ¥14,252,216.72, reflecting a growth of about 21.3%[28]. Acquisitions and Expansion - The company completed the acquisition of a 51% stake in Beijing Jingrun Environmental Technology Co., Ltd. for CNY 15 million, enhancing its control over the company[21]. - The company established a new branch in Ma'anshan, Anhui Province, to expand its operational footprint[20]. Financial Challenges - Financial expenses saw a dramatic rise of 1990.29%, primarily due to unrecognized financing income from long-term receivables[9].