Financial Performance - Total operating revenue for the nine months ended September 30, 2022, was RMB 2,848,333,653.36, an increase of 7.83% compared to RMB 2,642,161,075.64 for the same period in 2021[6]. - Total operating costs increased to RMB 3,017,023,540.43, up 21.38% from RMB 2,486,101,801.05 in the previous year[6]. - Net profit for the nine months ended September 30, 2022, was a loss of RMB 129,769,434.25, compared to a profit of RMB 171,757,862.24 in the same period of 2021[7]. - Basic and diluted earnings per share for the nine months ended September 30, 2022, were both -0.10, compared to 0.18 for the same period in 2021[8]. - The total profit for the nine months ended September 30, 2022, was a loss of RMB 117,803,154.99, compared to a profit of RMB 198,548,543.05 in the same period of 2021[7]. - Other income for the nine months ended September 30, 2022, was RMB 46,174,503.46, slightly down from RMB 46,666,023.32 in the previous year[6]. - The company experienced a decrease in investment income, reporting RMB 6,434,489.30 for the nine months ended September 30, 2022, compared to RMB 11,436,637.09 in the same period of 2021[6]. Assets and Liabilities - As of September 30, 2022, the company's total assets amounted to RMB 12.49 billion, an increase from RMB 11.81 billion as of December 31, 2021, representing a growth of approximately 5.73%[5]. - The company's current assets totaled RMB 3.57 billion as of September 30, 2022, compared to RMB 2.98 billion at the end of 2021, indicating a rise of about 19.87%[3]. - The total liabilities of the company reached RMB 7.26 billion, up from RMB 6.37 billion, marking an increase of approximately 13.93%[4]. - The company's equity attributable to shareholders decreased to RMB 4.47 billion from RMB 4.60 billion, a decline of about 2.86%[4]. - Short-term borrowings decreased to RMB 1.06 billion from RMB 1.94 billion, a reduction of about 45.25%[4]. - The company's long-term borrowings increased to RMB 2.30 billion from RMB 1.17 billion, reflecting a growth of approximately 96.00%[4]. Cash Flow - Cash generated from operating activities was RMB 3,139,859,977.64 for the nine months ended September 30, 2022, compared to RMB 2,684,507,318.59 in the previous year, reflecting an increase of 16.96%[9]. - Operating cash inflow totaled $3,317,633,074.56, an increase from $2,725,068,967.14 year-over-year[10]. - Net cash flow from operating activities was $184,219,857.17, down from $256,341,301.95 in the previous year[10]. - Cash outflow from investing activities was $485,314,970.39, compared to $1,097,424,530.91 last year, resulting in a net cash flow of -$468,868,199.38[10]. - Cash inflow from financing activities reached $3,293,352,692.08, up from $2,926,981,257.12 year-over-year[11]. - Net cash flow from financing activities was $780,870,418.60, an increase from $719,130,675.88 in the previous year[11]. Operational Strategies - The company has plans for market expansion and new product development, although specific figures and timelines were not disclosed in the report[1]. - The company faced a significant decline in profit margins due to a drop in disposal prices and increased competition in the hazardous waste sector[11]. - The company plans to expand collection volumes and adopt flexible market strategies to ensure operational cash flow[12]. - Efforts will be made to reduce inventory and mitigate risks associated with metal price fluctuations[12]. - The company aims to implement cost-reduction measures across production, labor, and expenses to enhance profitability[12]. Research and Development - Research and development expenses for the nine months ended September 30, 2022, were RMB 114,638,442.49, up from RMB 99,592,897.45 in the same period of 2021, indicating a focus on innovation[6]. Inventory and Receivables - The company's inventory increased to RMB 681.45 million from RMB 550.90 million, representing a growth of approximately 23.69%[3]. - The company reported a significant increase in accounts receivable, which rose to RMB 1.09 billion from RMB 1.02 billion, an increase of about 6.00%[2]. - The company reported a significant increase in sales expenses, which amounted to RMB 76,391,731.12, down from RMB 87,007,124.74 in the previous year, showing a reduction of 12.67%[6]. Financial Reporting - The financial data reported for the nine months ending September 30, 2022, is unaudited and prepared in accordance with Chinese accounting standards[12].
东江环保(00895) - 2022 Q3 - 季度财报