ICW(SH:600187)2020-10-27 16:00Financial Performance - Operating revenue for the first nine months was CNY 213,266,363.44, down 24.82% year-on-year[7] - Net profit attributable to shareholders for the first nine months was CNY 36,209,626.16, an increase of 37.33% compared to the same period last year[7] - Basic earnings per share rose by 40.88% to CNY 0.0224[7] - Total operating revenue for Q3 2020 was ¥75,926,114, a decrease of 27.1% compared to ¥104,175,034.93 in Q3 2019[44] - Net profit for the first three quarters of 2020 was a loss of ¥201,723,818.28, an improvement from a loss of ¥262,621,102.36 in the same period of 2019[42] - The net profit for Q3 2020 reached CNY 15,391,139.63, compared to CNY 6,337,614.22 in Q3 2019, reflecting a growth of 142.5%[49] - The total profit for Q3 2020 was CNY 26,101,569.91, significantly higher than CNY 6,337,614.22 in the same period last year[48] - The total comprehensive income for the first three quarters of 2020 was CNY 40,986,126.58, compared to CNY 71,768,894.65 in the same period of 2019[49] Cash Flow and Liquidity - Cash flow from operating activities showed a negative value of CNY -210,537,111.19, compared to CNY -12,841,536.23 in the same period last year[7] - The company reported a net cash outflow from operating activities of CNY -210,537,111.19, worsening by CNY -197,695,574.96 compared to the previous year[17] - The cash inflow from operating activities was CNY 301,942,584.21, a decrease of 32% compared to CNY 443,090,824.42 in the same period of 2019[50] - The company's cash and cash equivalents decreased by 59.30% from CNY 781,235,540.04 at the beginning of the year to CNY 317,950,008.38 at the end of the reporting period[12] - The company's cash and cash equivalents at the end of the period were CNY 317,950,008.38, down from CNY 485,892,414.16 at the end of Q3 2019[51] - The total cash outflow from operating activities was CNY 512,479,695.40, which is an increase of 12% compared to CNY 455,932,360.65 in the same period of 2019[50] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,716,689,549.75, a decrease of 1.40% compared to the end of the previous year[7] - The company's current liabilities totaled RMB 943,160,015.28 as of September 30, 2020, compared to RMB 1,038,825,672.74 at the end of 2019[36] - Total liabilities decreased to ¥845,877,056.18 from ¥888,101,468.61 year-over-year[41] - The company's total assets amounted to RMB 4,716,689,549.75, a decrease from RMB 4,783,876,778.22 at the end of 2019[35] - The total liabilities reached CNY 1,331,795,572.24, with current liabilities at CNY 1,038,825,672.74 and non-current liabilities at CNY 292,969,899.50[58] Shareholder Information - The total number of shareholders at the end of the reporting period was 121,075[10] - The largest shareholder, Guozhong (Tianjin) Water Co., Ltd., held 227,312,500 shares, accounting for 13.74% of total shares[10] - The company received government subsidies amounting to CNY 17,529,975.61, primarily related to its subsidiary operations[9] Investment and Financing Activities - The net cash flow from investing activities improved by CNY 113,838,983.34, from CNY -399,834,437.16 to CNY -285,995,453.82[17] - The net cash flow from financing activities turned positive at CNY 33,264,290.60, a significant improvement of CNY 227,500,268.84 compared to the previous year[17] - The company raised a total of RMB 951,892,320.00 from a non-public stock issuance of 198,310,900 shares at RMB 4.80 per share, with a net amount of RMB 922,342,009.10 after deducting issuance costs[30] Other Financial Metrics - The weighted average return on equity increased by 0.29 percentage points to 1.06%[7] - Financial expenses decreased by 77.08%, from CNY 10,550,637.44 to CNY 2,418,272.94, primarily due to reduced interest expenses[15] - The company recorded an increase in credit impairment losses by 83.16%, from CNY 18,621,981.69 to CNY 34,107,830.66[14] - The company incurred credit impairment losses of CNY 12,500.00 in Q3 2020, a decrease from CNY 81,268.85 in Q3 2019[48]