WHEE(SH:600475)2024-10-29 09:03Financial Performance - The company's operating revenue for Q3 2024 was ¥1,474,047,582.72, a decrease of 45.61% compared to the same period last year[2]. - Net profit attributable to shareholders was ¥83,957,302.06, down 20.43% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥25,640,883.31, a significant decline of 74.61% compared to the previous year[2]. - Total operating revenue for the first three quarters of 2024 was CNY 7,232,502,726.19, a decrease of 6.1% compared to CNY 7,704,277,603.35 in the same period of 2023[12]. - Total operating costs for the first three quarters of 2024 were CNY 6,963,890,389.67, down 2.9% from CNY 7,173,731,624.69 in 2023[12]. - Net profit for the first three quarters of 2024 was CNY 645,523,545.03, a slight increase from CNY 641,822,342.01 in 2023[13]. - The company’s total comprehensive income attributable to shareholders of the parent company was CNY 43,124,447.35, compared to a loss of CNY 34,432,722.32 in the previous year[13]. - The total comprehensive income for the third quarter of 2024 was approximately ¥688.65 million, compared to ¥607.39 million in the same period of 2023, representing an increase of about 13.33%[14]. - The net profit attributable to the parent company for Q3 2024 was approximately ¥524.44 million, up from ¥480.81 million in Q3 2023, reflecting a growth of about 9.06%[14]. - Basic earnings per share for Q3 2024 were ¥0.5102, a decrease from ¥0.5543 in Q3 2023, indicating a decline of approximately 7.43%[14]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥26,430,540,453.94, reflecting a 1.09% increase from the end of the previous year[3]. - The company's total liabilities as of the end of Q3 2024 amounted to CNY 15,900,506,965.96, compared to CNY 15,885,788,960.05 at the end of Q3 2023[11]. - Total equity attributable to shareholders increased by 2.75% to ¥8,555,210,998.85 compared to the end of the previous year[3]. - Total equity attributable to shareholders of the parent company increased to CNY 8,555,210,998.85 from CNY 8,325,914,049.68 year-over-year[10]. - Long-term borrowings rose to CNY 3,409,254,934.66, an increase of 25.2% from CNY 2,724,689,055.26 in the previous year[10]. - The total current liabilities increased from CNY 12.12 billion to CNY 12.45 billion, reflecting a rise of about 2.7%[9]. - The total non-current assets increased from CNY 15.61 billion to CNY 16.22 billion, representing a growth of about 3.9%[9]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥177,110,366.47, down 47.17% compared to the same period last year[2]. - Cash inflows from operating activities for the first three quarters of 2024 totaled approximately ¥7.52 billion, compared to ¥6.73 billion in the same period of 2023, marking an increase of about 11.69%[15]. - The net cash flow from operating activities for the first three quarters of 2024 was approximately ¥177.11 million, down from ¥335.27 million in the same period of 2023, a decrease of about 47.24%[17]. - Cash outflows from investment activities for the first three quarters of 2024 were approximately ¥3.40 billion, compared to ¥4.39 billion in the same period of 2023, showing a decrease of about 22.49%[17]. - The net cash flow from financing activities for the first three quarters of 2024 was approximately ¥417.64 million, down from ¥1.17 billion in the same period of 2023, a decline of about 64.29%[17]. - The total cash and cash equivalents at the end of Q3 2024 were approximately ¥2.08 billion, down from ¥2.71 billion at the end of Q3 2023, a decrease of about 23.36%[17]. Operational Insights - The decline in operating revenue was primarily due to fluctuations in photovoltaic component prices and a decrease in installation speed and volume[6]. - The company has commenced depreciation on new projects, impacting current profits, particularly in the kitchen waste disposal segment[6]. - The company reported non-recurring gains of ¥58,316,418.75 for the current period, with significant contributions from asset disposals and government subsidies[4]. - The company reported cash inflows from sales of goods and services of approximately ¥7.27 billion for the first three quarters of 2024, compared to ¥6.40 billion in the same period of 2023, an increase of about 13.75%[15]. - The company did not execute any mergers or acquisitions during the reporting period, focusing instead on internal growth strategies and operational efficiency improvements[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,353, with no preferred shareholders having restored voting rights[7]. - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[8].