CJJG(SH:600496)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 3,776,456,019.92, a decrease of 4.61% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2022 was CNY 272,675,549.94, an increase of 18.71% year-on-year[7]. - The basic earnings per share for Q3 2022 was CNY 0.1355, reflecting an increase of 18.76% compared to the same period last year[9]. - Total revenue for the first three quarters of 2022 reached CNY 11,058,641,533.82, an increase of 6.4% compared to CNY 10,394,955,067.50 in the same period of 2021[27]. - Total revenue for the third quarter reached 685,212,415.89, an increase from 597,994,043.37 in the previous year, representing a growth of approximately 14.6%[34]. - Net profit for the quarter was 664,185,066.84, compared to 557,798,634.41 in the same period last year, reflecting a year-over-year increase of about 19.0%[34]. - The company reported a decrease in income tax expenses to 21,027,349.05 from 40,195,408.96, a reduction of about 47.7%[34]. - The company’s total operating costs increased to 10,409,995,324.67 from 9,831,175,876.38, reflecting a rise of approximately 5.9%[34]. - Total comprehensive income for the quarter was 430,812,876.78, down from 659,894,803.96, indicating a decrease of approximately 34.6%[36]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 21,371,633,297.53, representing a growth of 16.42% from the end of the previous year[9]. - As of September 30, 2022, total assets amounted to CNY 21,371,633,297.53, up from CNY 18,356,609,300.85 at the end of 2021, reflecting a growth of 11%[25]. - Current assets totaled CNY 17,212,600,647.48, an increase of 23.4% from CNY 13,993,474,270.75 year-over-year[22]. - Total liabilities reached CNY 13,319,069,179.23, an increase of 23.3% compared to CNY 10,800,597,771.31 in the previous year[27]. - The company's equity attributable to shareholders rose to CNY 8,031,895,650.13 from CNY 7,519,238,004.76, reflecting an increase of 6.8%[27]. - Long-term borrowings increased significantly to CNY 381,120,000.00 from CNY 162,285,369.86, indicating a growth of 134.8%[27]. - Contract assets grew to CNY 7,637,028,687.40, up from CNY 6,190,941,030.52, marking an increase of 23.4%[22]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -570,693,221.63, indicating a significant cash outflow[9]. - Cash inflow from operating activities totaled 11,758,760,595.60, compared to 10,769,627,559.54 in the previous year, representing an increase of about 9.2%[36]. - Net cash flow from operating activities was -$570.69 million, an improvement from -$594.86 million year-over-year[39]. - Total cash inflow from investing activities was $15.12 million, a significant decrease from $489.27 million in the previous year[39]. - Cash outflow from investing activities totaled $481.75 million, down from $755.33 million year-over-year[39]. - Net cash flow from financing activities was $1.53 billion, a turnaround from -$324.08 million in the previous year[39]. - Cash flow from financing activities included $1.99 billion from bond issuance[39]. - Cash outflow for debt repayment was $2.08 billion, an increase from $1.62 billion year-over-year[39]. - The company reported a total cash outflow from operating activities of $12.33 billion, compared to $11.36 billion in the previous year[39]. - The impact of exchange rate changes on cash and cash equivalents was $1.51 million, contrasting with -$2.58 million in the previous year[39]. - The company paid $227.60 million in various taxes, slightly up from $227.59 million year-over-year[39]. Strategic Initiatives - The company has been focusing on distributed photovoltaic (PV) projects, with over 50% of its industrial building clients showing increased interest in this area[18]. - The company has established a specialized BIPV subsidiary and formed strategic partnerships with PV component manufacturers to enhance market development efforts[18]. - The company is leveraging its unique capabilities in both construction and photovoltaic technology to capture market opportunities in distributed PV projects[18]. Research and Development - Research and development expenses increased to 439,513,808.71, up from 376,684,921.93, indicating a rise of approximately 16.7%[34].