ICW(600187)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥93,202,039.59, representing a year-on-year increase of 22.75%[5] - The net profit attributable to shareholders for Q3 2021 was ¥2,880,174.23, a decrease of 64.10% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥760,106.68, an increase of 117.53% year-on-year[5] - The basic earnings per share for Q3 2021 was ¥0.0018, down 63.58% year-on-year[5] - The diluted earnings per share for Q3 2021 was also ¥0.0018, reflecting a decrease of 63.58% compared to the same period last year[5] - The weighted average return on equity for Q3 2021 was 0.08%, a decrease of 0.15 percentage points from the previous year[5] - Total operating revenue for the first three quarters of 2021 reached ¥258,537,642.09, an increase from ¥213,266,363.44 in the same period of 2020, representing a growth of approximately 21.2%[29] - Net profit for the first three quarters of 2021 was ¥4,280,958.37, a decrease from ¥34,609,634.29 in the same period of 2020, reflecting a decline of approximately 87.6%[30] - The total comprehensive income for the first three quarters of 2021 was ¥21,208,011.94, compared to ¥12,354,147.59 in 2020, showing an increase of approximately 71.5%[31] Cash Flow and Assets - The cash flow from operating activities for the year-to-date period was ¥173,241,174.00, reflecting a significant increase of 182.29% compared to the previous year[5] - As of September 30, 2021, total current assets amounted to RMB 2.40 billion, a slight decrease from RMB 2.41 billion at the end of 2020[24] - Cash and cash equivalents increased to RMB 640.74 million from RMB 584.91 million at the end of 2020, representing an increase of approximately 9.5%[24] - The company reported a significant increase in cash received from operating activities, totaling ¥530,330,105.38 in the first three quarters of 2021, compared to ¥301,942,584.21 in 2020, representing a growth of about 75.7%[33] - The total cash and cash equivalents at the end of Q3 2021 amounted to 637,735,140.09, a significant increase from 317,950,008.38 in the previous year, representing a growth of about 100%[34] - The company incurred total cash outflows from investing activities of 801,167,679.16, down from 1,119,453,225.58 year-over-year, reflecting a decrease of approximately 28.5%[34] Investments and Shareholder Information - The total number of common shareholders at the end of the reporting period is 102,792[13] - The largest shareholder, Guozhong (Tianjin) Water Co., Ltd., holds 13.74% of the shares, totaling 227,312,500 shares[13] - The company holds an 8.03% stake in Aquaporin A/S, which was listed on the Nasdaq Copenhagen on June 28, 2021[15] - The company plans to invest up to 300 million RMB in a private equity fund managed by Guangdong Wuwen Capital Management Co., Ltd.[15] - The company has invested a total of 478 million RMB in the Sailin International Investment Fund, holding a 4.4395% equity stake[16] - The top ten shareholders include several entities with significant stakes, such as Lhasa Economic and Technological Development Zone Houkang Industrial Co., Ltd. with 9.59%[13] Liabilities and Equity - The total assets at the end of Q3 2021 were ¥4,682,532,882.73, a slight decrease of 0.31% from the end of the previous year[6] - The equity attributable to shareholders at the end of Q3 2021 was ¥3,448,754,552.02, an increase of 0.71% from the end of the previous year[6] - Total liabilities decreased to RMB 1.22 billion from RMB 1.25 billion, reflecting a reduction of approximately 2.1%[26] - The company’s non-current liabilities increased to RMB 308.77 million from RMB 287.08 million, marking an increase of approximately 7.5%[26] Project Developments and Terminations - The company terminated two fundraising investment projects, reallocating RMB 100 million to permanently supplement working capital to support operations and development[19] - The company agreed to terminate the Shimen water supply project and will permanently supplement working capital with the remaining fundraising amount of RMB 98.93 million[20] - The company sold 100% equity of its subsidiaries in the water supply project in Hanzhong to Hanzhong Investment Holding Group Co., Ltd.[21] Research and Development - Research and development expenses for the first three quarters of 2021 amounted to ¥3,778,383.39, slightly down from ¥4,104,210.11 in 2020[29] Financial Management and Future Outlook - The management team remains focused on improving cash flow management and reducing investment outflows in the upcoming quarters[34] - The company did not apply the new leasing standards, indicating a potential area for future financial reporting adjustments[34]