Shuifa Energas(SH:603318)2024-10-28 08:42Financial Performance - The company's operating revenue for Q3 2024 was ¥591,682,765.13, a decrease of 23.60% compared to ¥745,737,951.40 in the same period last year[3]. - The net profit attributable to shareholders for Q3 2024 was ¥7,667,768.86, down 32.80% from ¥11,409,838.92 in Q3 2023[3]. - Total operating revenue for the first three quarters of 2024 was CNY 1,876,122,232.73, a decrease of 20.74% compared to CNY 2,368,364,038.10 in the same period of 2023[17]. - Net profit for the first three quarters of 2024 was CNY 111,391,120.81, slightly up from CNY 111,064,471.39 in 2023, indicating a marginal increase of 0.29%[18]. - The total comprehensive income for the first three quarters of 2024 was CNY 111,469,108.26, compared to CNY 110,755,712.74 in 2023, showing a slight increase of 0.64%[19]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥160,995,237.75, reflecting a decline of 45.40% compared to ¥282,661,581.68 in the previous year[3][8]. - The total cash inflow from operating activities for the first three quarters of 2024 was CNY 1,956,487,566.97, a decrease of approximately 29.4% compared to CNY 2,772,531,797.41 in the same period of 2023[20]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 160,995,237.75, down from CNY 294,868,877.81 in 2023, reflecting a decline of about 45.5%[20]. - Cash inflow from financing activities in the first three quarters of 2024 was CNY 1,223,250,000.00, down from CNY 1,612,175,300.00 in 2023, representing a decrease of about 24.1%[21]. - The cash outflow for repaying debts in the first three quarters of 2024 was CNY 1,257,028,557.59, compared to CNY 1,647,993,987.59 in 2023, indicating a reduction of approximately 23.7%[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,449,690,165.22, a decrease of 6.77% from ¥4,772,643,673.68 at the end of the previous year[4]. - Total liabilities decreased to CNY 2,653,878,990.38 in 2024 from CNY 2,730,742,047.91 in 2023, a reduction of 2.82%[15]. - Total equity decreased to CNY 1,795,811,174.84 in 2024 from CNY 2,041,901,625.77 in 2023, reflecting a decline of 12.05%[15]. - Current liabilities increased slightly to ¥2.09 billion from ¥2.04 billion, marking an increase of approximately 2.5%[14]. - The total non-current assets decreased to ¥3.23 billion from ¥3.27 billion, indicating a decline of about 1.3%[14]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 31,381, with no preferred shareholders having restored voting rights[9]. - The company has a total of 120,950,353 shares held by its largest shareholder, accounting for 26.35% of total shares[10]. - The company has no significant changes in the participation of major shareholders in margin financing and securities lending activities[11]. Mergers and Acquisitions - The company completed mergers with Shandong Shengdong Gas Comprehensive Utilization Co., Ltd. and Caoxian Shuifa Qihang Gas Co., Ltd. under the same control in September and December 2023, respectively[5]. Earnings and Expenses - The diluted earnings per share remained at ¥0.03 for Q3 2024, unchanged from the same period last year[4]. - Research and development expenses for the first three quarters of 2024 were CNY 11,497,667.57, slightly down from CNY 11,886,843.96 in 2023, indicating a decrease of 3.27%[17]. - The company reported a significant increase in credit impairment losses of CNY 2,019,634.11 in 2024, compared to a recovery of CNY 17,210,020.96 in 2023[18]. Inventory and Receivables - Accounts receivable increased to ¥288.40 million from ¥263.25 million, showing a growth of about 9.5% year-over-year[13]. - Inventory rose to ¥213.24 million, up from ¥181.25 million, indicating an increase of approximately 17.6%[13]. - The company reported a significant increase in prepayments, which rose to ¥82.23 million from ¥60.85 million, a growth of approximately 35%[13].