高能环境(603588) - 2025 Q3 - 季度财报

Report Overview Important Notice The company's board, senior management, and accounting department guarantee the report's accuracy and completeness; quarterly financial statements are unaudited - The company's board of directors, directors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false records, misleading statements, or major omissions[2] - The quarterly financial statements are unaudited[3] Key Financial Data Key Accounting Data and Financial Indicators Q3 2025 revenue decreased 11.41%; year-to-date, net profit attributable to shareholders grew 15.18%, and operating cash flow increased 67.29% Key Financial Indicators for the Current Period and Year-to-Date | Item | Current Period (2025 Q3) (CNY) | YoY Change (%) | Year-to-Date (2025 YTD) (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 3,459,664,749.30 | -11.41 | 10,159,689,969.92 | -11.28 | | Total Profit | 212,692,900.55 | -3.89 | 801,435,998.11 | 14.91 | | Net Profit Attributable to Shareholders | 143,689,798.57 | -1.05 | 646,110,281.18 | 15.18 | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) | 145,093,322.84 | 177.01 | 599,582,818.74 | 29.03 | | Net Cash Flow from Operating Activities | 20,379,888.95 | N/A | 366,964,953.24 | 67.29 | | Basic EPS (CNY/share) | 0.095 | -3.06 | 0.424 | 15.22 | | Diluted EPS (CNY/share) | 0.095 | -3.06 | 0.424 | 15.22 | | Weighted Average ROE (%) | 1.492 | Increased by 0.01 percentage points | 6.896 | Increased by 1.04 percentage points | | Item | End of Current Period (Sep 30, 2025) (CNY) | End of Prior Year (Dec 31, 2024) (CNY) | Change from Prior Year-End (%) | | :--- | :--- | :--- | :--- | | Total Assets | 27,160,911,522.69 | 27,267,773,417.21 | -0.39 | | Total Equity Attributable to Shareholders | 9,578,180,606.50 | 9,046,113,014.92 | 5.88 | Non-Recurring Gains and Losses Items and Amounts Q3 2025 non-recurring gains and losses were negative 1.40 million CNY; year-to-date, they were positive 46.53 million CNY, primarily from financial asset fair value changes and government subsidies Non-Recurring Gains and Losses Items and Amounts | Non-Recurring Gains and Losses Item | Current Period Amount (2025 Q3) (CNY) | Year-to-Date Amount (2025 YTD) (CNY) | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | -31,272,377.52 | -48,087,692.93 | | Government Subsidies Included in Current Profit/Loss | 12,397,808.72 | 31,821,422.63 | | Gains/Losses from Fair Value Changes and Disposal of Financial Assets and Liabilities | 21,423,986.59 | 86,707,537.18 | | Other Non-Operating Income and Expenses | -5,656,785.14 | -24,005,219.20 | | Less: Income Tax Impact | -3,258,018.92 | 3,234,918.33 | | Minority Interest Impact (After Tax) | 1,554,175.84 | -3,326,333.09 | | Total | -1,403,524.27 | 46,527,462.44 | Changes and Reasons for Key Accounting Data and Financial Indicators Year-to-date, net profit attributable to shareholders (excluding non-recurring items) and operating cash flow both grew significantly, driven by resource recovery capacity, metal prices, and optimized operations - Net profit attributable to shareholders (excluding non-recurring items) increased by 177.01% year-to-date, primarily due to sustained increases in metal prices, enhanced capacity in the resource recovery segment, and continuous optimization of operating strategies[9] - Net cash flow from operating activities increased by 67.29% year-to-date, mainly due to improved operating conditions during the reporting period, optimized credit policies, and strengthened collection efforts[9] Shareholder Information Total Number of Common Shareholders and Top Ten Shareholders' Holdings As of the reporting period end, the company had 40,760 common shareholders; among the top ten, Li Weiguo held 17.30% (partially pledged), and is related to Li Xingguo - The total number of common shareholders at the end of the reporting period was 40,760[11] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held (shares) | Holding Ratio (%) | Pledged, Marked, or Frozen Shares (shares) | | :--- | :--- | :--- | :--- | :--- | | Li Weiguo | Domestic Natural Person | 263,452,149 | 17.30 | 124,140,000 | | Liu Zejun | Domestic Natural Person | 48,131,953 | 3.16 | 20,090,000 | | Hong Kong Securities Clearing Company Limited | Other | 46,945,575 | 3.08 | 0 | | Xu Limin | Domestic Natural Person | 44,740,721 | 2.94 | 0 | | Xiang Jinming | Domestic Natural Person | 35,848,551 | 2.35 | 35,130,000 | | Ke Peng | Domestic Natural Person | 26,285,149 | 1.73 | 0 | | Li Xingguo | Domestic Natural Person | 25,262,586 | 1.66 | 25,262,586 | | Monetary Authority of Macao - Own Funds | Other | 19,821,700 | 1.30 | 0 | | Ye Zaojun | Domestic Natural Person | 15,010,000 | 0.99 | 0 | | Huaan Fund - Industrial Bank - Qingdao Urban Construction Investment Financial Holdings Group Co., Ltd. | Other | 13,392,857 | 0.88 | 0 | - Among the company's top 10 shareholders and top 10 unrestricted tradable shareholders, Li Weiguo and Li Xingguo are brothers[12] Quarterly Financial Statements Consolidated Balance Sheet As of Sep 30, 2025, total assets were 27.16 billion CNY, down 0.39%; current assets increased 3.62%, liabilities decreased 3.73%, and total equity increased 5.47% Consolidated Balance Sheet Key Data Comparison (Sep 30, 2025 vs Dec 31, 2024) | Item | Sep 30, 2025 (CNY) | Dec 31, 2024 (CNY) | Change Amount (CNY) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Total Current Assets | 14,389,863,004.80 | 13,887,598,987.51 | 502,264,017.29 | 3.62 | | Total Non-Current Assets | 12,771,048,517.89 | 13,380,174,429.70 | -609,125,911.81 | -4.55 | | Total Assets | 27,160,911,522.69 | 27,267,773,417.21 | -106,861,894.52 | -0.39 | | Total Current Liabilities | 10,925,695,867.32 | 11,317,152,372.58 | -391,456,505.26 | -3.46 | | Total Non-Current Liabilities | 5,798,083,643.91 | 6,054,642,466.31 | -256,558,822.40 | -4.24 | | Total Liabilities | 16,723,779,511.23 | 17,371,794,838.89 | -648,015,327.66 | -3.73 | | Total Equity Attributable to Parent Company Shareholders | 9,578,180,606.50 | 9,046,113,014.92 | 532,067,591.58 | 5.88 | | Minority Interests | 858,951,404.96 | 849,865,563.40 | 9,085,841.56 | 1.07 | | Total Equity | 10,437,132,011.46 | 9,895,978,578.32 | 541,153,433.14 | 5.47 | Consolidated Income Statement For Q1-Q3 2025, total operating revenue decreased 11.28%, but operating profit, total profit, and net profit all increased, with parent company net profit up 15.18% Consolidated Income Statement Key Data Comparison (Q1-Q3 2025 vs Q1-Q3 2024) | Item | Q1-Q3 2025 (CNY) | Q1-Q3 2024 (CNY) | Change Amount (CNY) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Total Operating Revenue | 10,159,689,969.92 | 11,450,874,193.36 | -1,291,184,223.44 | -11.28 | | Total Operating Costs | 9,500,384,285.44 | 10,927,933,086.65 | -1,427,548,801.21 | -13.06 | | Operating Profit | 828,636,774.35 | 700,246,703.48 | 128,390,070.87 | 18.34 | | Total Profit | 801,435,998.11 | 697,459,129.01 | 103,976,869.10 | 14.91 | | Net Profit | 777,463,454.04 | 647,896,419.64 | 129,567,034.40 | 20.00 | | Net Profit Attributable to Parent Company Shareholders | 646,110,281.18 | 560,963,138.00 | 85,147,143.18 | 15.18 | | Minority Interest Income/Loss | 131,353,172.86 | 86,933,281.64 | 44,419,891.22 | 51.10 | | Basic EPS (CNY/share) | 0.424 | 0.368 | 0.056 | 15.22 | Consolidated Cash Flow Statement For Q1-Q3 2025, net cash flow from operating activities increased 67.29% to 367 million CNY; investing activities turned positive, and financing activities resulted in a net outflow of 686 million CNY Consolidated Cash Flow Statement Key Data Comparison (Q1-Q3 2025 vs Q1-Q3 2024) | Item | Q1-Q3 2025 (CNY) | Q1-Q3 2024 (CNY) | Change Amount (CNY) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 366,964,953.24 | 219,357,620.71 | 147,607,332.53 | 67.29 | | Net Cash Flow from Investing Activities | 162,087,233.98 | -745,386,538.98 | 907,473,772.96 | -121.75 | | Net Cash Flow from Financing Activities | -686,120,806.01 | 480,457,127.50 | -1,166,577,933.51 | -242.81 | | Net Increase in Cash and Cash Equivalents | -157,349,630.62 | -45,306,672.38 | -112,042,958.24 | -247.29 | | Cash and Cash Equivalents at Period End | 1,273,179,499.40 | 1,248,144,505.84 | 25,034,993.56 | 2.01 | Other Matters Other Important Information for Investors The company has no other significant operating information requiring special investor attention during the reporting period - The company has no other important operating information requiring investor attention during the reporting period[13] Type of Audit Opinion The quarterly financial statements are unaudited - The quarterly financial statements are unaudited[13] Implementation of New Accounting Standards Starting from 2025, the company has not adopted new accounting standards or interpretations requiring adjustments to the opening financial statements of the first year of implementation - Starting from 2025, the company has not adopted new accounting standards or interpretations requiring adjustments to the opening financial statements of the first year of implementation[24]