TGWC(SH:600116)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥3,036,420,748.34, representing an increase of 18.27% compared to ¥2,567,297,445.38 in the same period last year[6] - Net profit attributable to shareholders was ¥166,800,676.84, a decrease of 56.04% from ¥379,419,796.38 year-on-year[6] - The net profit after deducting non-recurring gains and losses was ¥88,657,978.16, down 64.24% from ¥247,904,247.74 in the previous year[6] - The basic earnings per share for the period was ¥0.09, a decline of 55.00% compared to ¥0.20 in the same period last year[6] - The weighted average return on net assets decreased to 1.51%, down 2.05 percentage points from 3.56% year-on-year[9] - Total operating revenue for the first three quarters of 2022 reached ¥8,250,013,359.65, an increase from ¥7,134,643,184.87 in the same period of 2021, representing a growth of approximately 15.7%[45] - The net profit for the current period is CNY 447,879,605.93, a decrease from CNY 842,610,102.60 in the previous period, representing a decline of approximately 46.8%[48] - The total profit for the current period is CNY 510,167,790.21, down from CNY 1,009,359,110.95, indicating a decrease of about 49.5%[48] - The operating profit stands at CNY 515,107,089.26, compared to CNY 1,011,241,816.94 in the previous period, reflecting a decline of approximately 49.1%[48] - The company's net profit for the first three quarters of 2022 was not explicitly stated but can be inferred from the decrease in retained earnings from ¥1,288,682,413.34 to ¥1,053,134,512.94[60] - Net profit for the first three quarters of 2022 was CNY 51,273,535.20, a decrease from CNY 88,038,373.98 in the same period of 2021, representing a decline of approximately 42%[63] Assets and Liabilities - Total assets at the end of the period were ¥22,399,505,064.87, an increase of 5.40% from ¥21,251,901,578.84 at the end of the previous year[9] - The company's total assets amounted to ¥22,399,505,064.87, compared to ¥21,252,056,308.22 in the previous year, reflecting a growth of approximately 5.4%[42] - Total liabilities increased to ¥11,047,162,866.37 from ¥10,041,517,031.47, marking a rise of about 10%[42] - The company's total liabilities increased to ¥4,744,922,313.08 from ¥3,585,169,350.40 year-over-year[58] - Long-term borrowings decreased to ¥3,843,664,740.26 from ¥4,214,609,740.26, showing a reduction of about 8.8%[42] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥243,142,831.10, a decrease of 22.86% from ¥315,198,963.48 in the same period last year[6] - The cash flow from operating activities is CNY 243,142,831.10, down from CNY 315,198,963.48, showing a decrease of about 22.8%[53] - The cash inflow from investment activities is CNY 1,249,024,218.51, an increase from CNY 754,915,749.77, representing a growth of approximately 65.5%[53] - The cash outflow from investment activities is CNY 1,941,899,421.48, down from CNY 2,156,821,858.40, indicating a decrease of about 10%[53] - The cash inflow from financing activities is CNY 3,813,100,000.00, compared to CNY 4,269,123,489.38 in the previous period, reflecting a decrease of approximately 10.7%[53] - The cash outflow for repaying debts is CNY 3,005,660,000.00, down from CNY 3,188,781,200.00, indicating a decrease of about 5.8%[53] - The company reported a significant increase in cash received from operating activities, totaling CNY 5,661,665,063.17, compared to CNY 3,588,912,734.01 in the previous year[65] Shareholder Information - The total number of common shareholders at the end of the reporting period is 43,557[17] - China Yangtze Power Co., Ltd. holds 244,047,004 shares, accounting for 12.76% of total shares, with 65,712,202 shares under lock-up conditions[21] - Chongqing Xinyu Energy Technology (Group) Co., Ltd. holds 187,771,797 shares, representing 9.82% of total shares, with 56,331,540 shares pledged[21] - Chongqing Fuling Energy Industry Group Co., Ltd. holds 153,648,628 shares, which is 8.04% of total shares[21] - The company's major shareholders include state-owned enterprises, with significant stakes held by China Yangtze Power and Chongqing Xinyu Energy[21] Environmental and Legal Issues - The company faced a fine of 330,000 yuan and the confiscation of illegal income of approximately 1.06 million yuan due to environmental violations by its subsidiary Guizhou Wuling Manganese Industry[32] - The company is currently undergoing an ecological environment damage compensation procedure initiated by the local environmental authority, which is expected to have a controllable impact on its operations[35] - The company has initiated a lawsuit regarding a loan contract dispute, with potential uncertainties affecting its 2022 performance[31] Investment Plans - The company plans to invest up to 1.277 billion yuan in the Chongqing Fuling Baotao Chemical Park cogeneration project, with an expected annual power generation of approximately 2.1 billion kWh and a maximum heating capacity of 1.5 million tons[29] - The company will invest up to 1.265 billion yuan in the Chongqing Wanzhou gas power generation project, with an expected annual power generation of approximately 1.15 billion kWh[29] - The company has approved an investment of up to 711.98 million yuan for the Chongqing Qianjiang 100 MW wind power project, with an expected annual grid-connected electricity of approximately 216 million kWh[30] - The company aims to strengthen its electricity supply capabilities and expand its market presence through strategic investments in energy projects[29] Research and Development - The company's research and development expenses for the first three quarters of 2022 were ¥39,089,094.00, down from ¥59,797,595.67 in the previous year[60]