ICW(SH:600187)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥71,132,374.54, a decrease of 23.68% compared to the same period last year[5] - The net profit attributable to shareholders was -¥95,412,252.58, reflecting a significant decline of 3,412.73% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥15,041,634.23, a decrease of 2,078.88% compared to the previous year[5] - Basic earnings per share were -¥0.0591, a decrease of 3,384.63% year-on-year[6] - Net profit for Q3 2022 was a loss of CNY 141,060,460.91, compared to a profit of CNY 4,280,958.37 in Q3 2021[23] - The company's total assets decreased to CNY 4,435,353,174.75 in Q3 2022 from CNY 4,838,674,948.78 in Q3 2021, reflecting a decline of 8.3%[20] - The company's equity attributable to shareholders decreased to CNY 3,143,622,531.72 in Q3 2022 from CNY 3,311,090,570.01 in Q3 2021, a decline of 5.0%[20] - The company reported a significant increase in other comprehensive losses, totaling CNY -30,145,205.90 in Q3 2022 compared to CNY 16,927,053.57 in Q3 2021[24] Cash Flow and Assets - The net cash flow from operating activities was -¥220,813,341.87, indicating a decline of 227.46%[6] - The net cash flow from operating activities for the first three quarters of 2022 was not provided, indicating a need for further analysis on cash management strategies[21] - In the first three quarters of 2022, the company's cash inflow from operating activities was CNY 421,898,838, a decrease of 20.5% compared to CNY 530,330,105 in the same period of 2021[25] - The net cash flow from operating activities was negative at CNY -220,813,341.87, contrasting with a positive cash flow of CNY 173,241,174 in the previous year[25] - The cash inflow from investment activities totaled CNY 1,613,492,748.06, significantly up from CNY 684,376,871.33 in the prior year, marking an increase of 135.9%[26] - The net cash flow from investment activities was CNY 1,275,447,116.76, a substantial improvement from a negative cash flow of CNY -116,790,807.83 in the same period last year[26] - The cash and cash equivalents at the end of the period reached CNY 1,442,097,487.39, compared to CNY 637,735,140.09 at the end of the previous year, reflecting a growth of 126.9%[26] - The company reported cash outflows from operating activities amounting to CNY 642,712,179.87, which is an increase of 80.0% from CNY 357,088,931.38 in the same period of 2021[25] Shareholder Information - The total number of ordinary shares at the end of the reporting period was 102,775[13] - The largest shareholder, Guozhong (Tianjin) Water Co., Ltd., holds 227,312,500 shares, accounting for 14.09% of total shares[14] - The company has a total of 10,277,090 shares held by Shanghai Yitan Cultural Development Co., Ltd., representing 0.64% of total shares[14] - The company reported a pledge of 47,448,700 shares by Lhasa Economic and Technological Development Zone Houkang Industrial Co., Ltd.[13] Operational Challenges and Future Plans - The company reported non-recurring losses of -¥80,370,618.35, primarily due to asset transfer delays and penalties[11] - The company experienced a significant reduction in sewage treatment and engineering income, contributing to the overall financial decline[11] - The company plans to focus on improving operational efficiency and exploring new revenue streams to mitigate losses in the upcoming quarters[11] Asset Management - The company has outstanding principal and income of ¥667.8 million from an asset management plan, with ¥93 million remaining to be recovered[16] - The company is actively pursuing the settlement and clearance of its asset management plan[16] Current Assets and Liabilities - Total current assets decreased from ¥2.98 billion at the end of 2021 to ¥2.68 billion as of September 30, 2022[18] - The company’s accounts receivable increased to ¥332.87 million from ¥270.12 million year-over-year[18] - The company’s intangible assets decreased from ¥1.08 billion at the end of 2021 to approximately ¥1.03 billion as of September 30, 2022[18] - Total liabilities decreased to CNY 1,277,354,113.07 in Q3 2022 from CNY 1,509,376,831.92 in Q3 2021, a reduction of 15.4%[20] - Total operating costs for the first three quarters of 2022 were CNY 241,730,386.15, down 10.2% from CNY 269,118,254.66 year-over-year[22]