Guizhou Gas(SH:600903)2025-10-27 08:50Financial Performance - The company's operating revenue for the third quarter was CNY 1,209,345,862.56, a decrease of 10.61% compared to the same period last year[3] - The total profit for the quarter was a loss of CNY 19,204,425.27, down 31.01% year-on-year[3] - The net profit attributable to shareholders was a loss of CNY 50,710,776.54, representing a decline of 27.44% compared to the previous year[3] - The basic and diluted earnings per share for the quarter were both CNY -0.04, a decrease of 38.67% compared to the same period last year[3] - Net profit for the first three quarters of 2025 was ¥110,252,828.81, down from ¥182,870,570.84 in 2024, reflecting a decrease of approximately 39.6%[24] - The company's operating profit for the first three quarters of 2025 was ¥149,874,266.63, compared to ¥240,831,691.77 in 2024, showing a decline of around 37.8%[24] - Basic earnings per share for the first three quarters of 2025 were ¥0.04, down from ¥0.11 in the same period of 2024[25] Cash Flow - The net cash flow from operating activities was a negative CNY 19,752,424.56, a significant decrease of 85.71% year-on-year[3] - Operating cash inflow for the first three quarters of 2025 reached CNY 5,637,962,742.77, a 2.07% increase from CNY 5,523,667,976.50 in the same period of 2024[27] - Net cash flow from operating activities was CNY 544,720,698.35, up 39.4% compared to CNY 390,334,018.77 in the first three quarters of 2024[27] - Cash outflow for purchasing goods and services was CNY 4,225,568,415.39, slightly down from CNY 4,284,022,502.40 in the previous year[27] - Investment cash outflow totaled CNY 551,315,468.02, compared to CNY 377,250,378.38 in the same period of 2024[28] - Net cash flow from financing activities was CNY 15,762,709.70, a significant improvement from a net outflow of CNY 142,646,710.28 in the first three quarters of 2024[28] - The total cash and cash equivalents at the end of the period stood at CNY 462,781,151.61, compared to CNY 588,092,332.71 at the end of the same period in 2024[28] - The company received CNY 1,891,504,967.17 in cash from borrowings, an increase from CNY 1,667,013,214.04 in the previous year[28] - Cash received from investment income was CNY 1,357,784.24, down from CNY 12,705,293.57 in the first three quarters of 2024[27] - Cash received from other operating activities increased to CNY 63,893,534.78 from CNY 32,370,851.91 in the previous year[27] Assets and Liabilities - The total assets at the end of the reporting period were CNY 11,468,473,931.40, an increase of 0.75% from the end of the previous year[5] - The total assets of the company amounted to ¥11,468,473,931.40, an increase from ¥11,383,019,183.42 in the previous period[21] - Total liabilities increased to ¥7,332,107,781.27 from ¥7,309,076,897.67, indicating a rise of approximately 0.31%[21] - The company's total equity rose to ¥4,136,366,150.13, compared to ¥4,073,942,285.75 in the previous year, marking an increase of about 1.53%[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 48,580[12] - Guizhou Wujang Energy Investment Co., Ltd. holds 29.69% of shares, while Guiyang Industrial Investment Co., Ltd. holds 19.34%[12] Research and Development - Research and development expenses for the quarter increased by 95.22% compared to the previous period[10] - Research and development expenses for the first three quarters of 2025 were ¥11,280,578.10, significantly higher than ¥5,778,308.61 in 2024, representing an increase of approximately 95%[24] Government Subsidies - The company received government subsidies amounting to CNY 4,834,798.00, which are considered regular operating income[7] Inventory and Receivables - Accounts receivable decreased to ¥859,608,563.95 from ¥1,045,948,126.58, a decline of about 17.8%[19] - Inventory increased to ¥513,494,498.31 from ¥379,388,174.13, reflecting a growth of approximately 35.3%[19] Corporate Actions - The company established a wholly-owned subsidiary with a registered capital of ¥5 million, completed registration on January 3, 2025[15] - The company successfully acquired a 5% stake in Liupanshui Gas Co., increasing its ownership to 56% for ¥6,918,536[16] - The company has outstanding capital contributions of ¥4,700,000 for the subsidiary Sichuan Lunan Energy Co., Ltd. as of the report date[15] Accounting Standards - The company did not apply new accounting standards for the first time in 2025[29]