联泰环保(603797) - 2025 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was CNY 239,204,133.79, a decrease of 10.74% compared to the same period last year[3]. - The total profit for the quarter was CNY 44,627,780.09, reflecting a decline of 38.17% year-over-year[3]. - The net profit attributable to shareholders was CNY 29,215,250.53, down 49.16% from the previous year[3]. - The basic earnings per share for the quarter was CNY 0.05, a decrease of 50.00% compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2025 was CNY 756,111,084.38, a decrease of 6.35% compared to CNY 807,259,562.53 in the same period of 2024[25]. - Total operating costs for the first three quarters of 2025 were CNY 498,504,487.34, down from CNY 530,384,232.02 in 2024, reflecting a reduction of 6.01%[25]. - Operating profit for the first three quarters of 2025 was CNY 159,624,614.40, compared to CNY 222,867,107.71 in 2024, indicating a decline of 28.36%[25]. - The total profit for the first three quarters of 2025 is approximately ¥156.15 million, a decrease of 25.7% compared to ¥210.35 million in the same period of 2024[27]. - The net profit for the first three quarters of 2025 is approximately ¥120.85 million, down 30% from ¥172.39 million in the previous year[27]. - The basic earnings per share for the first three quarters of 2025 is ¥0.20, compared to ¥0.29 in the same period of 2024, reflecting a decrease of 31%[27]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 9,972,422,402.92, a slight increase of 0.14% from the end of the previous year[5]. - The total assets as of the end of the reporting period were CNY 9,972,422,402.92, a slight increase from CNY 9,958,149,634.10 in the previous period[23]. - Total liabilities decreased to CNY 6,516,257,455.90 from CNY 6,572,476,740.86, reflecting a reduction of 0.86%[23]. - The equity attributable to shareholders of the parent company increased to CNY 3,287,533,678.86 from CNY 3,224,204,750.30, an increase of 1.96%[23]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 258,892,640.49, an increase of 14.79%[3]. - Cash flow from operating activities for the first three quarters of 2025 is approximately ¥258.89 million, an increase of 14.8% from ¥225.53 million in the same period of 2024[31]. - The company received cash from operating activities totaling approximately ¥510.98 million, a decrease of 10.5% from ¥570.79 million in the previous year[31]. - Cash flow from investing activities for the first three quarters of 2025 shows a net outflow of approximately ¥11.45 million, compared to a net outflow of ¥20.28 million in the previous year[33]. - Cash flow from financing activities for the first three quarters of 2025 results in a net outflow of approximately ¥300.42 million, slightly higher than the net outflow of ¥297.72 million in the same period of 2024[33]. - The total cash and cash equivalents at the end of the third quarter of 2025 is approximately ¥55.83 million, down from ¥303.33 million at the end of the same period in 2024[33]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 18,046[13]. - Guangdong LianTai Group Co., Ltd. holds 44.57% of shares, totaling 260,517,371 shares, with 180,190,000 shares pledged[13]. - Shenzhen LianTai Investment Group Co., Ltd. holds 12.23% of shares, totaling 71,469,440 shares, with 33,000,000 shares pledged[13]. - The actual controllers of the company are Huang Zhendai and his children, holding a combined 100% of shares through Guangdong LianTai Group[15]. - The company has completed the buyback of 7,885,396 shares, reducing the total registered capital to 576,605,190 shares[18]. Other Financial Metrics - The weighted average return on equity was 0.89%, a decrease of 0.92 percentage points from the previous year[5]. - The company reported a credit impairment loss of CNY -102,392,369.27 for the first three quarters of 2025, compared to CNY -56,406,876.72 in 2024, indicating a worsening in credit quality[25]. - Financial expenses decreased to CNY 164,842,830.24 in 2025 from CNY 189,191,911.56 in 2024, a reduction of 12.87%[25]. - Research and development expenses increased slightly to CNY 512,485.36 in 2025 from CNY 491,314.23 in 2024, showing a growth of 4.29%[25]. - The company reported a tax expense of approximately ¥35.30 million for the first three quarters of 2025, a decrease from ¥37.96 million in the same period of 2024[27]. Changes in Receivables and Payables - The company reported a significant increase in accounts receivable by 19.53% due to increased service fee receivables during the reporting period[9]. - The company experienced a decrease in contract liabilities by 58.28% due to adjustments in service fee prepayments related to project settlements[9]. - The company noted a substantial increase in other payables by 689.52% due to increased external borrowing during the reporting period[9]. - Accounts receivable increased to RMB 1,752,623,602.43 from RMB 1,466,311,951.17 at the end of 2024[19]. - Inventory stands at RMB 8,723,250.67, compared to RMB 7,939,125.41 at the end of 2024[19].