Financial Performance - The net profit attributable to shareholders for the first nine months of 2022 reached RMB 571 million, an increase of 11.1% compared to the same period last year[7]. - Total revenue for the first nine months of 2022 increased by 14.1% to RMB 5.7878 billion, driven by growth in service concession operation maintenance income and accelerated construction project progress[7]. - Gross profit rose by 8.9% to RMB 1.932 billion, primarily due to the accelerated progress of construction projects and increased financial income[7]. - The profit before tax for the first nine months of 2022 was RMB 1.0999 billion, reflecting an increase of 5.7% compared to the previous year[10]. - The total comprehensive income for the period was RMB 499.3 million, a decrease of 41.4% compared to the previous year[10]. - Basic earnings per share for the period were RMB 7.96, representing a 13.2% increase from RMB 7.03 in the same period last year[10]. - The company reported a net profit after tax of RMB 843,774 for the nine months ended September 30, 2022, compared to RMB 798,035 for the same period in 2021, reflecting a growth of approximately 5.7%[38][39]. Financial Position - As of September 30, 2022, the group's cash and cash equivalents amounted to RMB 2.83 billion, indicating a healthy financial position[7]. - As of September 30, 2022, the total current assets amounted to RMB 8,397,203 thousand, an increase from RMB 7,491,647 thousand as of December 31, 2021, representing a growth of approximately 12.1%[11]. - The total non-current assets reached RMB 30,902,767 thousand, up from RMB 30,022,318 thousand as of December 31, 2021, indicating an increase of about 2.9%[12]. - The total assets of the group were RMB 39,299,970 thousand, compared to RMB 37,513,965 thousand at the end of the previous fiscal year, reflecting a rise of approximately 4.8%[12]. - The total current liabilities were RMB 8,987,105 thousand, a decrease from RMB 9,434,216 thousand as of December 31, 2021, showing a decline of about 4.7%[12]. - The total non-current liabilities increased to RMB 15,710,507 thousand from RMB 14,043,548 thousand, representing a growth of approximately 11.9%[12]. - The total equity attributable to the owners of the company was RMB 9,566,938 thousand, slightly up from RMB 9,532,511 thousand, indicating a marginal increase of about 0.4%[12]. Cash Flow and Investments - The net cash generated from operating activities for the nine months ending September 30, 2022, was RMB 269,272 thousand, a decrease from RMB 166,196 thousand in the same period of 2021[13]. - The company incurred a net cash outflow of RMB 71,550 thousand for the purchase of property, plant, and equipment during the nine months ending September 30, 2022, compared to RMB 35,122 thousand in the same period of 2021[14]. - The financing activities resulted in a net cash outflow of RMB 197,953 thousand for the nine months ending September 30, 2022, compared to an outflow of RMB 256,234 thousand in the same period of 2021[14]. - The company reported a financial income of RMB 27,854 thousand for the nine months ending September 30, 2022, compared to RMB 23,894 thousand in the same period of 2021[13]. - The group acquired intangible assets amounting to RMB 237,808,000 during the period, compared to RMB 206,365,000 for the nine months ended September 30, 2021[49]. Revenue Segments - The water and sludge treatment segment generated revenue of RMB 3,216,015 for the nine months ended September 30, 2022, compared to RMB 3,052,125 for the same period in 2021, marking an increase of approximately 5.4%[38][39]. - The solid waste power generation segment reported an operating profit of RMB 267,676 for the nine months ended September 30, 2022, compared to RMB 143,653 for the same period in 2021, indicating a substantial increase of about 86.4%[38][39]. - Revenue from construction services under franchise arrangements was RMB 772,574,000 for the three months ended September 30, 2022, compared to RMB 561,951,000 for the same period in 2021, reflecting a growth of about 37.5%[42]. Administrative and Financial Expenses - The group's administrative expenses increased by 11.5% to RMB 362.5 million, while financial expenses rose by 15.9% to RMB 523.2 million[10]. - Financial expenses for Q3 2022 and the first nine months amounted to RMB 186.1 million and RMB 523.2 million, respectively, reflecting an increase from RMB 160.6 million and RMB 508.9 million in the same periods of 2021[80]. Corporate Governance and Compliance - The company has complied with all provisions of the Corporate Governance Code during the reporting period[8]. - The board of directors confirmed that there are no significant issues leading to misstatements in the financial statements as of September 30, 2022[92]. - The company has obtained confirmation statements from all directors and executives as per the listing rules[93]. Future Outlook - The group plans to continue expanding its service concession operations and construction projects to drive future growth[7]. - The company plans to leverage national strategies and market demands to pursue acquisition opportunities in the water services industry, particularly focusing on projects like the Xicen Water Purification Plant in Shanghai[88]. - The company is positioned to capitalize on the significant growth potential in the solid waste disposal industry, with the Baoshan Renewable Energy Utilization Center project successfully commencing operations in September 2022[89].
上海实业环境(00807) - 2022 Q3 - 季度财报