惠天热电(000692) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2025 was ¥13,409,761.31, a decrease of 29.19% compared to the same period last year[4] - The net profit attributable to shareholders was -¥172,724,911.29, a decline of 7.45% year-on-year[4] - The basic earnings per share for the reporting period was -¥0.3242, a decrease of 7.45% year-on-year[4] - The company's operating profit for the current period was -413,594,246.68 yuan, an improvement from -477,930,739.82 yuan in the previous period, reflecting a decrease in losses by approximately 13.4%[19] - The net profit for the current period was -419,339,565.22 yuan, compared to -482,823,464.44 yuan in the previous period, indicating a reduction in losses of about 13.1%[19] - The company reported a total profit of -414,489,203.60 yuan, compared to -482,264,029.04 yuan in the previous period, reflecting a decrease in losses by approximately 13.9%[19] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was -¥484,177,270.74, an increase of 28.18% compared to the previous year[4] - Cash flow from operating activities showed a net outflow of -484,177,270.74 yuan, an improvement from -674,172,944.57 yuan in the previous period, representing a decrease in cash outflow by approximately 28.2%[20] - The company received cash from sales of goods and services amounting to 624,086,431.90 yuan, down from 728,478,550.52 yuan in the previous period, representing a decline of approximately 14.3%[20] - The company reported cash and cash equivalents at the end of the period of 404,719,681.23 yuan, up from 355,713,374.67 yuan in the previous period, reflecting an increase of approximately 13.7%[21] - The company incurred financial expenses of 112,577,232.30 yuan, a decrease from 121,401,971.46 yuan in the previous period, indicating a reduction of about 7.4%[19] - The company’s total cash outflow from investing activities was 254,795,746.64 yuan, a decrease from 503,444,270.54 yuan in the previous period, indicating a reduction of about 49.6%[20] - Total cash inflow from financing activities was 2,262,529,263.36 yuan, compared to 2,132,097,635.83 yuan in the previous period, marking an increase of about 6.1%[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,274,024,145.99, down 7.91% from the end of the previous year[4] - Current assets totaled CNY 1,718,195,027.95, down 12.00% from CNY 1,953,351,421.47 at the beginning of the period[15] - Non-current assets amounted to CNY 3,555,829,118.04, a decrease of 5.78% from CNY 3,773,812,430.78[15] - Total liabilities were CNY 5,478,289,791.06, slightly down from CNY 5,516,082,007.92[16] - The company reported a negative retained earnings of CNY -2,689,851,853.90, worsening from CNY -2,373,223,016.02 in the previous period[16] - Short-term borrowings were CNY 2,070,816,943.31, a decrease of 2.45% from CNY 2,123,118,717.75[15] - Long-term borrowings increased significantly to CNY 784,002,153.90 from CNY 184,094,367.05, indicating a strategic shift in financing[16] - The total assets decreased to CNY 5,274,024,145.99 from CNY 5,727,163,852.25, reflecting a reduction in overall company size[16] Government Support and Subsidiaries - The company received government subsidies amounting to ¥1,376,525.94 during the reporting period[6] - The company completed the registration of its wholly-owned subsidiary, Shenyang Quansheng Thermal Power Co., Ltd., on July 2, 2025[11] - The company was designated as the owner of a 700,000 kW wind power project in Shenyang as part of the 2025 second batch of wind power projects[11] Overdue Payments - As of the end of the reporting period, the overdue payments to small and medium-sized enterprises amounted to ¥25,572,600, primarily due to disputes over acceptance and settlement[12] Operating Costs - Total operating revenue for the period was CNY 1,223,607,582.92, a slight decrease of 0.07% compared to CNY 1,228,509,833.16 in the previous period[18] - Total operating costs decreased to CNY 1,639,447,177.52, down 4.45% from CNY 1,715,836,932.46 in the previous period[18] - Operating costs included CNY 1,428,005,522.21 in operating expenses, which decreased by 5.66% from CNY 1,513,687,547.03[18]