瀚蓝环境(600323) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 reached ¥2,572,742,156.01, representing a year-on-year increase of 27.95%[7] - Net profit attributable to shareholders for Q3 2021 was ¥301,601,265.48, a decrease of 1.96% compared to the same period last year[7] - The net profit for the first nine months of 2021 was ¥928,610,156.29, showing a year-on-year growth of 20.82%[12] - Operating revenue increased by 38.40%, driven by the completion of clean energy transformations in the ceramic construction industry and the launch of multiple waste incineration projects[19] - Total operating revenue for the first three quarters of 2021 reached CNY 7,123,764,841.74, a 38.3% increase from CNY 5,147,083,458.93 in the same period of 2020[51] - Net profit for the first three quarters of 2021 was CNY 937,615,512.25, representing a 21.7% increase compared to CNY 770,201,495.77 in the previous year[51] Revenue Growth - The energy business saw a significant revenue increase of 86.33%, with natural gas sales volume up by 56.07% year-on-year[11] - The solid waste treatment business generated ¥12.52 billion in revenue, with a growth rate of 15.13% due to new project launches[11] - The company’s sales revenue from services increased by 45.34%, attributed to reduced pandemic impacts and accelerated government settlement processes[19] Cash Flow and Liquidity - The company maintained a strong cash flow, with net cash flow from operating activities for the first nine months at ¥1,651,024,122.31, a 35.35% increase year-on-year[10] - Cash inflow from operating activities for the first three quarters of 2021 reached ¥6,409,410,505.49, a 39.9% increase compared to ¥4,583,533,693.65 in the same period of 2020[56] - The company reported a net increase in cash and cash equivalents of ¥900,029,089.58, compared to ¥138,361,028.80 in the same period last year[58] Assets and Liabilities - The total assets at the end of the reporting period were ¥28,355,547,329.53, reflecting a year-on-year increase of 13.75%[10] - Total liabilities amounted to approximately ¥16.76 billion, with current liabilities at ¥7.79 billion and non-current liabilities at ¥8.97 billion[63] - The total equity attributable to shareholders reached approximately ¥7.56 billion, contributing to total equity of approximately ¥8.17 billion[65] Cost and Expenses - Operating costs rose by 43.55% due to business growth and increased revenue[19] - The company reported a financial expense of CNY 325,203,457.72, which increased from CNY 245,329,173.91 in the previous year[51] - Research and development expenses increased to CNY 88,231,400.22 in 2021 from CNY 75,656,525.50 in 2020, reflecting a growth of 16.7%[51] Production and Operations - Natural gas production increased by 60.99% to 70,813.54 million cubic meters in the first nine months of 2021 compared to 43,986.47 million cubic meters in the same period of 2020[28] - Hydrogen production surged by 128.79% to 361,918.47 kilograms in the first nine months of 2021, up from 158,190.12 kilograms in the same period of 2020[30] - The amount of waste incinerated reached 664.99 million tons, a 48.60% increase compared to the same period last year[26] Challenges and Risks - The company faced challenges in profitability due to rising energy costs and the expiration of certain tax benefits from the previous year[12] - The company reported a significant increase in credit impairment losses of 137.20%, attributed to a substantial rise in accounts receivable and contract assets[19] Future Plans - The company plans to diversify its gas supply sources and expand its industrial user base, aiming for a 61% increase in sales volume year-on-year[15]