CRE(SH:600217)2023-10-18 16:00Financial Performance - The company's operating revenue for Q3 2023 was approximately ¥984.64 million, representing a 13.53% increase compared to ¥867.33 million in the same period last year[6]. - Net profit attributable to shareholders for Q3 2023 was approximately ¥41.86 million, a significant increase of 3,607.22% from ¥1.13 million in the same period last year[6]. - The basic earnings per share for Q3 2023 was ¥0.0301, up 3,662.50% from ¥0.0008 in the same period last year[7]. - The diluted earnings per share for Q3 2023 was also ¥0.0301, reflecting the same percentage increase as basic earnings per share[7]. - The net profit after deducting non-recurring gains and losses for Q3 2023 was approximately ¥40.51 million, compared to a loss of ¥1.07 million in the same period last year[6]. - Net profit for Q3 2023 was ¥53,826,361.76, a decrease of 15.47% from ¥63,617,726.80 in Q3 2022[28]. - Earnings per share for Q3 2023 was ¥0.0388, down from ¥0.0462 in Q3 2022, indicating a decline of 16.05%[29]. Assets and Liabilities - The total assets at the end of Q3 2023 were approximately ¥7.36 billion, showing a slight increase of 0.45% from ¥7.33 billion at the end of the previous year[7]. - The equity attributable to shareholders at the end of Q3 2023 was approximately ¥2.59 billion, an increase of 2.12% from ¥2.54 billion at the end of the previous year[7]. - Total assets as of Q3 2023 amounted to ¥7,361,355,754.94, slightly up from ¥7,328,121,786.59 at the end of the previous quarter[24]. - Total liabilities decreased to ¥4,756,970,004.27 in Q3 2023 from ¥4,777,562,397.68 in Q2 2023, showing a reduction of 0.43%[24]. - Non-current assets totaled ¥1,260,468,676.25 in Q3 2023, an increase from ¥1,142,024,374.65 in Q2 2023, reflecting a growth of 10.35%[24]. - The company’s total equity as of Q3 2023 was ¥2,604,385,750.67, up from ¥2,550,559,388.91 in Q2 2023, reflecting an increase of 2.11%[24]. Cash Flow - The cash flow from operating activities for the year-to-date was negative at approximately -¥314.03 million, compared to -¥85.27 million in the same period last year[6]. - In the first three quarters of 2023, the cash inflow from operating activities was approximately ¥2.39 billion, a decrease of 6.45% compared to ¥2.56 billion in the same period of 2022[30]. - The net cash flow from operating activities in Q3 2023 was -¥314.03 million, worsening from -¥85.27 million in Q3 2022[31]. - The cash inflow from financing activities in Q3 2023 was ¥1.60 billion, a significant decrease of 53.7% from ¥3.45 billion in Q3 2022[31]. - The net cash flow from financing activities in Q3 2023 was -¥188.09 million, compared to -¥231.51 million in Q3 2022, indicating an improvement[31]. - The ending cash and cash equivalents balance for Q3 2023 was ¥305.87 million, down from ¥678.92 million at the end of Q3 2022[31]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 35,582[14]. - The largest shareholder, China Recycled Resources Development Group Co., Ltd., holds 358,891,083 shares, accounting for 25.84% of total shares[14]. Investment and Financing Activities - The company plans to raise up to ¥948.35 million through a non-public offering of up to 416,597,934 shares for various projects[17]. - The company received approval from the China Securities Regulatory Commission for its non-public offering on August 25, 2023[19]. - The cash outflow from investment activities in Q3 2023 was ¥91.61 million, down from ¥189.02 million in Q3 2022, resulting in a net cash flow of -¥90.47 million[31]. - The company received cash from investment income of ¥474,600 in Q3 2023, compared to no income in Q3 2022[31]. - The cash received from the disposal of fixed assets in Q3 2023 was ¥661,275.46, an increase from ¥182,811.33 in Q3 2022[31]. Operational Metrics - The company reported an increase in waste electric dismantling volume and a decrease in procurement costs as key factors contributing to the profit increase[11]. - The company's cash and cash equivalents as of September 30, 2023, amount to ¥305,872,408.44, a decrease from ¥898,470,569.80 at the end of 2022[22]. - Accounts receivable increased to ¥5,518,007,306.68 from ¥4,773,702,688.53 year-over-year[22]. - Inventory decreased to ¥173,035,737.42 from ¥373,334,219.22 year-over-year[22]. - Total current assets as of September 30, 2023, are ¥6,100,887,078.69, slightly down from ¥6,186,097,411.94 at the end of 2022[22]. - Long-term equity investments are reported at ¥77,992,202.30, a slight decrease from ¥78,518,306.13 year-over-year[22]. - Fixed assets decreased to ¥533,788,149.62 from ¥570,554,110.16 year-over-year[22]. - Total operating revenue for the first three quarters of 2023 reached ¥2,734,708,669.99, an increase of 7.56% compared to ¥2,542,169,729.84 in the same period of 2022[26]. - Total operating costs for the first three quarters of 2023 were ¥2,564,583,795.21, up from ¥2,428,784,010.53 in 2022, reflecting a growth of 5.59%[26]. - The company reported a financial expense of ¥111,070,507.65 in Q3 2023, down from ¥123,763,285.23 in Q3 2022, indicating a decrease of 10.3%[27]. - Deferred income tax assets increased to ¥95,335,596.83 in Q3 2023 from ¥76,079,218.11 in Q2 2023, marking a growth of 25.2%[24]. - The cash paid for employee compensation in the first three quarters of 2023 was ¥227.91 million, a slight decrease from ¥238.12 million in the same period of 2022[30]. - The cash received from tax refunds in the first three quarters of 2023 was ¥87.65 million, an increase of 49.9% compared to ¥58.48 million in the same period of 2022[30].