CRE(SH:600217)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥867,327,216.11, a decrease of 15.12% compared to the same period last year[7]. - The net profit attributable to shareholders was ¥1,129,160.86, down 98.66% year-on-year, while the net profit for the year-to-date was ¥64,166,214.36, a decrease of 75.30%[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,065,147.24 for the quarter, a decline of 101.30%, and ¥55,991,007.47 year-to-date, down 76.79%[7]. - The basic earnings per share for Q3 2022 was ¥0.0008, a decrease of 98.66%, while the year-to-date figure was ¥0.0462, down 75.30%[10]. - Total operating revenue for the first three quarters of 2022 was ¥2,542,169,729.84, a decrease of 4.48% compared to ¥2,661,911,545.24 in the same period of 2021[39]. - The net profit for the third quarter of 2022 was CNY 63,617,726.80, a decrease from CNY 257,379,728.37 in the same period of 2021, representing a decline of approximately 75.7%[44]. - The total profit for the third quarter of 2022 was CNY 26,627,081.33, down from CNY 275,567,996.30 in the previous year, indicating a decrease of about 90.3%[44]. - The basic and diluted earnings per share for the third quarter of 2022 were CNY 0.0462, compared to CNY 0.1871 in the same quarter of 2021, reflecting a decline of approximately 75.3%[45]. Assets and Liabilities - Total assets at the end of Q3 2022 were ¥7,060,089,521.40, a decrease of 1.79% from the end of the previous year[10]. - The equity attributable to shareholders at the end of Q3 2022 was ¥2,465,196,410.05, an increase of 2.08% compared to the end of the previous year[10]. - The company's total assets amounted to ¥7,060,089,521.40, a decrease from ¥7,188,983,518.28 in the previous reporting period[35]. - Total liabilities decreased to ¥4,582,283,477.50 from ¥4,760,908,603.36, reflecting a reduction in financial obligations[35]. - Non-current assets totaled ¥1,131,450,538.70, an increase from ¥1,027,016,976.05 in the previous period[35]. - The company maintained a stable equity position with total equity reaching ¥2,477,806,043.90, slightly up from ¥2,428,074,914.92[35]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥85,270,605.15, a decrease of 9.08%[10]. - Cash flow from operating activities for the first three quarters of 2022 was negative at CNY -85,270,605.15, compared to CNY -93,783,560.93 in the same period of 2021[50]. - Cash inflow from operating activities totaled CNY 2,555,710,207.68 in the first three quarters of 2022, down from CNY 2,729,503,526.66 in 2021, a decrease of about 6.4%[47]. - Cash outflow from operating activities was CNY 2,640,980,812.83 for the first three quarters of 2022, compared to CNY 2,823,287,087.59 in the previous year, indicating a decrease of approximately 6.5%[50]. - The net cash flow from investing activities was CNY -188,835,501.49 in the first three quarters of 2022, compared to CNY -60,762,933.16 in the same period of 2021, showing an increase in cash outflow[50]. - The net cash flow from financing activities was CNY -231,513,507.73 for the first three quarters of 2022, contrasting with a positive cash flow of CNY 523,869,616.68 in the same period of 2021[52]. - The ending cash and cash equivalents balance as of the third quarter of 2022 was CNY 678,915,265.99, down from CNY 1,106,897,132.90 at the end of the same quarter in 2021, a decrease of approximately 38.7%[52]. Operational Challenges - The company reported a significant impact on performance due to pandemic control measures and high-temperature power restrictions, leading to a reduction in dismantling volume of waste electrical and electronic products[17]. - The decline in commodity prices starting in June also adversely affected the company's financial results[17]. Shareholder Information - The number of common shareholders at the end of the reporting period was 36,361, with the largest shareholder holding 25.84% of the shares[21]. - The company reported a total of 10 major shareholders, with the top three being subsidiaries of the company itself[24]. - The company has several subsidiaries, including China Recycled Resources Development Co., which is a wholly-owned subsidiary[24]. - The company is awaiting approval from the China Securities Regulatory Commission for its non-public offering of shares[28]. - The total number of shares to be issued in the non-public offering is not to exceed 416.60 million shares[25]. - The company plans to raise up to ¥948.35 million through a non-public offering of shares to fund various projects, including upgrades to recycling facilities[25]. Current Assets - As of September 30, 2022, the total current assets amounted to approximately ¥5.93 billion, a decrease from ¥6.16 billion at the end of 2021, reflecting a decline of about 3.7%[30]. - The cash and cash equivalents decreased significantly to ¥678.92 million from ¥1.19 billion, representing a decline of approximately 43%[30]. - Accounts receivable increased to ¥4.96 billion, up from ¥4.60 billion, indicating a growth of about 7.7% year-over-year[30]. - Inventory decreased to ¥134.40 million from ¥223.71 million, showing a reduction of approximately 40%[30].