ZZEPC(SH:600023)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥24,960,903,234.22, representing a year-on-year increase of 21.04%[4] - The net profit attributable to shareholders was ¥58,888,640.80, with a year-to-date net profit of ¥457,115,772.55, reflecting a decrease of 79.78% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses for the quarter was ¥47,604,736.98, with a year-to-date figure of ¥225,543,559.13, down 88.84% year-on-year[4] - The company's operating costs for Q3 2022 were approximately CNY 61.62 billion, an increase from CNY 48.79 billion in Q3 2021, reflecting a year-over-year growth of 26.3%[20] - Net profit for Q3 2022 was reported at -CNY 418.52 million, a significant decline compared to a net profit of CNY 1.74 billion in Q3 2021[20] - The total profit for Q3 2022 was CNY 9.32 billion, down from CNY 1.75 billion in the same period last year, indicating a decrease of 99.5%[20] - The basic earnings per share for Q3 2022 was CNY 0.03, down from CNY 0.17 in Q3 2021, reflecting a decrease of 82.4%[21] - The company experienced a total comprehensive loss of CNY 1.27 billion in Q3 2022, compared to a comprehensive income of CNY 1.74 billion in Q3 2021[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥120,483,641,838.14, an increase of 4.14% from the end of the previous year[4] - Total liabilities as of September 30, 2022, were RMB 49,929,949,487.10, compared to RMB 43,905,782,817.74 at the end of 2021, reflecting an increase of approximately 13.0%[16] - The company's equity attributable to shareholders was RMB 63,337,961,562.29 as of September 30, 2022, down from RMB 63,932,165,658.25 at the end of 2021, indicating a decrease of about 0.9%[16] - The company reported a decrease in accounts payable from RMB 7,437,712,566.60 in 2021 to RMB 6,321,243,976.09 in 2022, a reduction of approximately 15.0%[15] - The company’s long-term borrowings increased to RMB 22,672,247,441.43 as of September 30, 2022, compared to RMB 18,136,093,331.00 at the end of 2021, representing an increase of about 25.5%[16] Cash Flow - Net cash inflow from operating activities was CNY 2,888,453,743.49, a decrease of 8.1% compared to CNY 3,143,006,908.81 in the previous year[23] - Total cash inflow from investment activities was CNY 2,321,781,456.09, slightly down from CNY 2,396,122,141.04 year-over-year[24] - Cash outflow from financing activities totaled CNY 25,354,173,771.46, an increase from CNY 16,045,234,688.50 in the previous year[24] - Net cash flow from financing activities was CNY 4,537,246,424.09, recovering from a negative CNY 6,004,902,289.81 in the same quarter last year[24] - The ending balance of cash and cash equivalents was CNY 14,981,735,222.12, up from CNY 14,188,688,318.91 year-over-year[24] - The company reported a net increase in cash and cash equivalents of CNY 4,141,200,089.77, contrasting with a decrease of CNY 4,377,567,170.60 in the same quarter last year[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 155,773[8] - Zhejiang Energy Group Co., Ltd. held 69.45% of the shares, making it the largest shareholder[9] Investment and Expenses - Investment income rose by 40.42% primarily due to increased profits from associated companies[7] - Research and development expenses decreased to CNY 108.47 million in Q3 2022 from CNY 134.73 million in Q3 2021, a reduction of 19.4%[20] - The company reported investment income of CNY 2.89 billion in Q3 2022, up from CNY 2.06 billion in Q3 2021, representing an increase of 40.3%[20] - Financial expenses increased by 32.20% due to a rise in financing scale and interest expenses[7] - The financial expenses for Q3 2022 were CNY 976.94 million, an increase from CNY 738.98 million in Q3 2021, indicating a rise of 32.3%[20] - The tax expenses for Q3 2022 were CNY 427.84 million, significantly higher than CNY 6.72 million in Q3 2021, showing an increase of 6,353.5%[20] Accounting and Standards - The company has adopted new accounting standards effective January 1, 2022, impacting the financial statements[25]