Financial Performance - The net profit attributable to shareholders for the first nine months of 2024 reached RMB 499.6 million, representing a year-on-year decline of 14.4%[5]. - Total revenue decreased by 17.0% year-on-year to RMB 5.272 billion[5]. - Gross profit fell by 10.2% year-on-year to RMB 1.989 billion[5]. - The company reported a basic earnings per share of RMB 6.92, down 13.5% compared to the previous year[9]. - The total comprehensive income for the period was RMB 271.3 million, a decrease of 11.0% year-on-year[9]. - Administrative expenses increased by 25.5% year-on-year to RMB 407.7 million[9]. - The company reported a pre-tax profit of RMB 995,178 thousand for the nine months ended September 30, 2024, compared to RMB 1,255,879 thousand for the same period in 2023, reflecting a decrease of approximately 20.7%[13]. - The company reported a profit of RMB 206,033 thousand for the period ending September 30, 2023[23]. - The profit attributable to owners for Q3 2024 was RMB 178.2 million, a decline of 13.5% from RMB 206 million in Q3 2023[67]. Cash Flow and Liquidity - Cash and cash equivalents as of September 30, 2024, amounted to RMB 2.77 billion, indicating a healthy liquidity position[5]. - The group's cash and cash equivalents stood at RMB 2,771,712 thousand as of September 30, 2024, compared to RMB 2,885,781 thousand as of December 31, 2023, showing a decrease of about 3.9%[10]. - The cash flow from operating activities for the nine months ended September 30, 2024, was RMB 37,670 thousand, a significant decline from RMB 718,035 thousand for the same period in 2023, representing a decrease of approximately 94.7%[14]. - The net cash used in investing activities for the nine months ended September 30, 2024, was RMB (808,885) thousand, compared to RMB (1,695,441) thousand for the same period in 2023, indicating a reduction in cash outflow by approximately 52.3%[14]. - The net cash generated from financing activities for the nine months ended September 30, 2024, was RMB 721,427 thousand, a significant increase from RMB 32,712 thousand for the same period in 2023, reflecting a growth of approximately 2,107.5%[14]. Assets and Liabilities - As of September 30, 2024, the total current assets of the group amounted to RMB 10,587,022 thousand, an increase from RMB 9,270,986 thousand as of December 31, 2023, representing a growth of approximately 14.2%[10]. - The total non-current assets of the group were RMB 33,156,213 thousand as of September 30, 2024, slightly decreasing from RMB 33,336,954 thousand as of December 31, 2023, indicating a decline of about 0.5%[11]. - The total liabilities of the group reached RMB 27,782,044 thousand as of September 30, 2024, compared to RMB 27,317,484 thousand at the end of the previous fiscal year, reflecting an increase of approximately 1.7%[12]. - The group's current liabilities totaled RMB 8,432,086 thousand as of September 30, 2024, down from RMB 10,258,345 thousand at the end of the previous fiscal year, a decrease of approximately 17.8%[11]. - The group's total assets amounted to RMB 43,743,235 thousand as of September 30, 2024, an increase from RMB 42,607,940 thousand at the end of the previous fiscal year, representing a growth of approximately 2.7%[11]. Equity and Retained Earnings - The total equity attributable to the owners of the company was RMB 10,526,328 thousand as of September 30, 2024, up from RMB 10,131,507 thousand as of December 31, 2023, marking an increase of around 3.9%[11]. - The group's retained earnings increased to RMB 4,371,275 thousand as of September 30, 2024, from RMB 3,955,497 thousand as of December 31, 2023, marking an increase of around 10.5%[11]. - As of September 30, 2024, the total equity of the company was RMB 6,613,451 thousand, reflecting a decrease from RMB 6,651,037 thousand as of June 30, 2024[24]. - The group declared dividends amounting to RMB 82,431 thousand to equity shareholders[18]. - The company declared dividends amounting to RMB 82,431 thousand during the reporting period[24]. Operational Performance - The operating profit for reportable segments totaled RMB 1,294,113 thousand for the nine months ended September 30, 2024, compared to RMB 1,809,030 thousand for the same period in 2023, indicating a decrease of about 28%[34]. - The net profit after tax for the water and sludge treatment segment was RMB 779,551 thousand for the nine months ended September 30, 2024, compared to RMB 924,519 thousand for the same period in 2023, a decline of about 16%[34]. - The company reported a total of RMB 3,932,075 thousand in revenue from the water and sludge treatment segment for the nine months ended September 30, 2024, compared to RMB 3,553,155 thousand for the same period in 2023, representing an increase of approximately 11%[34]. - The construction revenue for Q3 2024 was RMB 453.8 million, a significant drop of 47.3% from RMB 861.9 million in Q3 2023[68]. - The operating and maintenance revenue from franchise arrangements for Q3 2024 totaled RMB 1.3248 billion, a slight increase of 0.3% from RMB 1.3207 billion in Q3 2023[69]. Governance and Compliance - The company has complied with all provisions of the Corporate Governance Code during the reporting period[7]. - The company has not made any adjustments to its accounting policies during the reporting period[28]. - The company has maintained the same accounting policies and methods for the current financial year as those used in the audited financial statements for the year ended December 31, 2023[63]. - There have been no changes in accounting policies or methods during the reporting period[64]. - The company has received confirmation from all directors and executives regarding the absence of any material misstatements in the financial statements as of September 30, 2024[90]. Market and Economic Environment - The macroeconomic environment in China continues to show robust growth, providing significant development opportunities for the environmental protection industry[86]. - The company is positioned to capitalize on national policies promoting green and low-carbon development, which will support steady growth in its core business[86]. - The company has commenced operations at the Baoshan Renewable Energy Utilization Center, capable of processing 3,800 tons of waste daily, contributing to waste treatment and resource utilization in Shanghai[88].
上海实业环境(00807) - 2024 Q3 - 季度业绩