Chongqing Water(SH:601158)2025-10-29 10:05Financial Performance - The company's operating revenue for the third quarter reached ¥2,049,179,244.29, representing a year-on-year increase of 7.30% compared to ¥1,839,944,123.46 in the same period last year[5] - The total profit for the quarter was ¥386,151,363.62, up 7.82% from ¥359,207,684.88 in the previous year[5] - Net profit attributable to shareholders was ¥321,515,609.29, reflecting a 3.16% increase from ¥313,192,144.55 year-on-year[5] - The net profit margin for the year-to-date period was 7.21%, compared to 7.10% in the same period last year[5] - Total operating revenue for the first three quarters of 2025 reached ¥5,567,723,519.08, an increase of 7.2% compared to ¥5,193,238,925.79 in the same period of 2024[21] - The net profit for the first three quarters of 2025 was ¥785,848,842.31, an increase of 7.1% from ¥733,624,489.35 in the same period of 2024[23] - The total comprehensive income for the first three quarters of 2025 was ¥849,462,970.35, compared to ¥833,693,912.32 in 2024, reflecting a growth of 1.9%[23] - The basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.16, up from ¥0.15 in 2024, indicating a 6.7% increase[23] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥1,597,014,243.22, showing a significant increase of 26.55% compared to ¥1,242,196,302.49 in the previous year[5] - The net cash flow from operating activities for the first three quarters of 2025 was ¥1,597,014,243.22, up from ¥1,261,945,343.07 in 2024, reflecting a growth of 26.6%[26] - The net cash flow from investing activities showed a significant outflow of ¥1,715,866,439.12 in 2025, compared to an outflow of ¥2,291,360,598.96 in 2024, indicating a reduction in investment losses[26] - The net cash flow from financing activities for the first three quarters of 2025 was ¥623,409,091.21, a turnaround from a negative cash flow of ¥622,537,741.63 in 2024[27] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥35,803,272,257.74, marking a 3.31% increase from ¥33,863,149,748.54 at the end of the previous year[6] - Current assets totaled ¥6,940,375,128.26 as of September 30, 2025, up from ¥4,594,755,309.19 at the end of 2024, reflecting a growth of 50.7%[18] - Non-current assets amounted to ¥28,862,897,129.48, a slight decrease from ¥29,268,394,439.35 in the previous year[18] - Total liabilities rose to ¥18,392,495,053.76, compared to ¥16,612,970,055.14, indicating an increase of 10.7%[19] - The company's equity attributable to shareholders reached ¥17,266,096,938.74, up from ¥17,108,552,100.99, reflecting a growth of 0.9%[19] - Cash and cash equivalents increased to ¥2,347,288,099.08 from ¥1,798,464,321.29, representing a growth of 30.6%[18] - The cash and cash equivalents at the end of the period for 2025 were ¥2,315,895,715.43, compared to ¥1,468,191,005.26 at the end of 2024, showing a substantial increase of 57.8%[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 41,507[11] - The top two shareholders hold a combined 88.56% of the company's shares, with Chongqing Derun Environment Co., Ltd. holding 50.04% and Chongqing Water Environment Holding Group Co., Ltd. holding 38.52%[13] - The company has not reported any changes in the top 10 shareholders due to securities lending activities[14] - The company has not disclosed any related party relationships among the top 10 shareholders beyond the known association between Chongqing Derun Environment Co., Ltd. and Chongqing Water Environment Holding Group Co., Ltd.[13] Acquisitions and Management Agreements - The company agreed to acquire 100% equity of Chongqing Yujing Water Co., Ltd. for RMB 354,478,587.03, with the transaction completed by the end of the reporting period[14] - The company has completed the signing of the equity transfer agreement and the first phase of payment for the acquisition of Chongqing Yujing Water Co., Ltd.[14] - The company will manage 77.8088% equity of Yudong Water Co., Ltd. and 100% equity of Yudong North Water Co., Ltd. for an annual management fee of RMB 200,000 each, totaling RMB 800,000 per year[15] - The management agreements for various water supply companies will last for three years, with automatic termination clauses if the assets are injected into the company[15] - The company has authorized its management to handle the relevant agreements and transactions related to the acquisitions and management contracts[15] Operational Insights - The company has not reported any significant changes in operational conditions during the reporting period[14] - Non-recurring gains and losses for the current period totaled ¥48,638,334.95, with significant contributions from government subsidies and other income[12] - The company received government subsidies related to wastewater treatment amounting to ¥15,050,320.14, which are closely tied to its business operations[9] - The company reported a weighted average return on equity of 1.76% for the current period, slightly down from 1.83% in the previous year[6] - The total operating costs for the first three quarters of 2025 were ¥4,828,961,023.36, an increase of 6.9% from ¥4,515,049,914.38 in 2024[22] - The investment income for the first three quarters of 2025 was ¥178,298,823.96, a significant increase from ¥126,562,722.35 in 2024, representing an increase of 40.9%[22]