SGC(SH:601139)2024-10-29 09:29Financial Performance - The company's operating revenue for the third quarter was approximately ¥6.96 billion, a decrease of 12.68% compared to the same period last year[2]. - The net profit attributable to shareholders for the third quarter was approximately ¥317.54 million, down 30.34% year-on-year[7]. - The diluted earnings per share for the third quarter was ¥0.10, a decrease of 33.33% compared to the previous year[4]. - Total operating revenue for the first three quarters of 2024 was CNY 20,739,471,111.76, a decrease of 10.5% compared to CNY 23,193,378,580.62 in the same period of 2023[18]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was CNY 1,055,668,935.33, a decrease of 4.5% from CNY 1,105,421,249.84 in 2023[20]. - Earnings per share for the first three quarters of 2024 were CNY 0.37, compared to CNY 0.38 in the same period of 2023[21]. - The company reported a significant decrease in profits from integrated energy and smart services, impacting overall net profit[7]. Cash Flow and Assets - The cash flow from operating activities increased by 113.44% year-to-date, reaching approximately ¥1.19 billion for the quarter[6]. - The net cash flow from operating activities for Q3 2024 was approximately CNY 2.56 billion, an increase of 57% compared to CNY 1.63 billion in Q3 2023[23]. - Total cash outflow from operating activities amounted to CNY 19.93 billion, compared to CNY 22.69 billion in the same period last year[23]. - Cash inflow from financing activities totaled CNY 11.68 billion, down from CNY 19.99 billion in Q3 2023[23]. - The cash and cash equivalents at the end of Q3 2024 stood at CNY 5.65 billion, a decrease from CNY 6.32 billion at the end of Q3 2023[23]. - The company reported a cash outflow for the acquisition of fixed assets and intangible assets of CNY 2.35 billion, down from CNY 2.88 billion in Q3 2023[23]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥44.67 billion, reflecting a 0.90% increase from the end of the previous year[4]. - Current assets totaled CNY 13.355 billion, slightly down from CNY 13.553 billion at the end of 2023[15]. - The company's short-term borrowings increased to CNY 3.147 billion from CNY 2.952 billion at the end of 2023[16]. - Long-term borrowings rose to CNY 2.116 billion, compared to CNY 1.846 billion at the end of the previous year[16]. - The total liabilities of the company were CNY 26.652 billion, a decrease from CNY 26.998 billion at the end of 2023[16]. - Total liabilities and shareholders' equity as of the end of the third quarter of 2024 was CNY 44,666,668,421.81, compared to CNY 44,269,903,538.09 at the end of 2023[20]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,566[8]. - The largest shareholder, Shenzhen Municipal Government, holds 40.10% of the shares[8]. Operational Metrics - Natural gas sales volume reached 4.245 billion cubic meters, an increase of 5.73% compared to 4.015 billion cubic meters in the same period last year[12]. - Pipeline natural gas sales volume was 3.827 billion cubic meters, up 4.91% from 3.648 billion cubic meters year-on-year[12]. - The company reported a decrease in natural gas transmission volume to 560 million cubic meters, down 13.71% from 649 million cubic meters in the previous year[12]. Research and Development - The company reported a decrease in research and development expenses to CNY 508,876,632.68 in 2024 from CNY 562,874,389.17 in 2023, reflecting a cost-saving strategy[18]. Comprehensive Income - Other comprehensive income after tax for the first three quarters of 2024 was CNY 3,553,675.57, down from CNY 23,070,186.79 in 2023[20]. - The company’s total comprehensive income for the first three quarters of 2024 was CNY 1,153,398,441.26, compared to CNY 1,260,960,115.15 in 2023[21]. Future Outlook - The company plans to continue focusing on market expansion and new technology development to enhance future growth prospects[20].