GWE(SH:600192)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥673,137,805.07, representing a year-on-year increase of 37.77%[5] - The net profit attributable to shareholders was ¥8,177,650.70, while the net profit for the year-to-date was -¥31,079,737.28, reflecting a year-on-year decrease of 64.49%[5] - The basic earnings per share for the current period was ¥0.0185, compared to -¥0.0704 for the same period last year, indicating a significant improvement[5] - Total operating revenue for the first three quarters of 2022 reached ¥1,688,006,372.14, an increase of 15.4% compared to ¥1,462,933,233.57 in the same period of 2021[18] - Net profit for the first three quarters of 2022 was a loss of ¥32,953,311.05, an improvement from a loss of ¥88,467,638.03 in the same period of 2021[18] - The company reported a total comprehensive loss of ¥40,570,925.27 for the first three quarters of 2022, compared to a loss of ¥85,820,610.28 in the same period of 2021[19] - Basic and diluted earnings per share for the first three quarters of 2022 were both -¥0.0704, an improvement from -¥0.1981 in the same period of 2021[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,875,640,311.72, an increase of 4.15% compared to the end of the previous year[6] - Total assets as of September 30, 2022, amounted to RMB 4,875,640,311.72, an increase from RMB 4,681,547,727.71 at the end of 2021[15] - Current assets totaled RMB 3,597,942,280.19, compared to RMB 3,396,819,086.03 at the end of 2021, reflecting an increase of approximately 5.9%[15] - Total liabilities reached RMB 3,188,372,076.11, up from RMB 2,953,708,566.83, indicating an increase of 7.9%[16] - The company’s total liabilities decreased slightly, indicating a potential improvement in financial stability[18] - The company’s total liabilities decreased by 90.41% in the category of non-current liabilities due to the repayment of a ¥100 million long-term bank loan[9] Cash Flow and Investments - The company reported a cash flow from operating activities was negative, with a net outflow of ¥60,209,075.66 year-to-date[5] - Cash flow from operating activities showed a net outflow of ¥60,209,075.66, a significant decline from a net inflow of ¥93,704,642.36 in the same period of 2021[20] - Investment activities generated a net cash inflow of ¥160,482,492.23, contrasting with a net outflow of ¥82,869,464.50 in the previous year[20] - The company reported a 77.03% increase in cash and cash equivalents, primarily due to the recovery of sales payments and receipt of large government land reserve payments[9] - Cash and cash equivalents at the end of the reporting period totaled ¥321,396,125.00, up from ¥209,909,631.42 at the end of the previous year[20] - Cash and cash equivalents increased to RMB 493,215,658.23 from RMB 278,613,489.61, representing a growth of 77.2%[15] Operational Highlights - The company experienced a 61.65% increase in operating profit, driven by a 15.39% growth in operating revenue[9] - Total operating costs increased to ¥1,725,789,504.77, up 11.1% from ¥1,553,341,215.28 in the previous year[18] - Research and development expenses rose to ¥63,588,927.11, compared to ¥54,106,091.69 in the previous year, reflecting a 17.5% increase[18] - The company is actively expanding its project portfolio, with significant prepayments made for large-scale projects, including a distributed wind power project[9] Equity and Profit Distribution - The company’s weighted average return on equity improved to 0.4909%, up 3.09 percentage points from the previous year[5] - Total equity decreased to RMB 1,687,268,235.61 from RMB 1,727,839,160.88, a decline of approximately 2.3%[16] - The company reported a decrease in undistributed profits to RMB 183,114,239.26 from RMB 214,193,976.54, a drop of 14.5%[16] Product Development - The company has no significant new product launches or technological developments reported in the current quarter[13]