FEIDA ENVIRO(SH:600526)2022-10-26 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 1,026.36 million, representing a 37.61% increase compared to CNY 745.83 million in the same period last year[5]. - Net profit attributable to shareholders for Q3 2022 reached CNY 64.67 million, a significant increase of 143.90% from CNY 26.52 million year-on-year[6]. - The net profit after deducting non-recurring gains and losses was CNY 49.33 million, up 146.37% from CNY 20.02 million in the previous year[6]. - The company reported a basic earnings per share of CNY 0.08, which is a 100% increase compared to CNY 0.04 in the same period last year[6]. - The company reported a net profit of ¥91,729,020.40 for the first three quarters of 2022, a significant recovery from a loss of ¥6,030,683.01 in the same period of 2021[22]. - Net profit for Q3 2022 reached ¥108,443,931.53, an increase of 13.5% compared to ¥95,486,185.94 in Q3 2021[24]. - The company reported a comprehensive income of CNY 10,091,486.86 for the third quarter of 2022, contrasting with a loss of CNY 15,934,947.36 in the same period last year[34]. Cash Flow - Cash flow from operating activities showed a significant decline, with a net cash flow of CNY -100,000, compared to CNY 177.50 million in the previous year, indicating a decrease of 156.34%[6]. - In Q3 2022, the company reported a net cash flow from operating activities of -156.34 million RMB, primarily due to increased futures margin payments and reduced cash inflow from wastewater treatment services[11]. - Cash flow from operating activities showed a net outflow of ¥100,000,179.86 in Q3 2022, compared to a net inflow of ¥177,496,986.01 in Q3 2021[27]. - The company experienced a net increase in cash and cash equivalents of 692,496,291.65 RMB, contrasting with a decrease of -115,387,234.20 RMB in the same period last year[36]. - The ending balance of cash and cash equivalents reached 1,196,107,940.58 RMB, up from 552,821,616.97 RMB at the end of the previous year[36]. Assets and Liabilities - The total assets of the company as of the end of the reporting period amounted to CNY 10,702.25 million, reflecting a 10.25% increase from CNY 9,707.26 million at the end of the previous year[6]. - The total assets of the company reached ¥10,702,249,674.13 as of September 30, 2022, up from ¥9,707,264,309.18 at the end of 2021, reflecting a growth of 10.3%[22]. - Total liabilities increased to ¥6,721,004,405.91 in Q3 2022, compared to ¥6,625,215,002.67 in Q3 2021, showing a rise of 1.5%[21]. - The company's total liabilities amounted to CNY 4,348,465,844.31, an increase from CNY 4,026,633,887.46 year-over-year[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 47,952[13]. - The largest shareholder, Hangzhou Steel Group Co., Ltd., holds 33.89% of the shares, totaling 292,832,289 shares[13]. Investments and Acquisitions - The company completed the acquisition of a 62.95% stake in Zhejiang Fuchun Ziguang Environmental Protection Co., Ltd., which is classified as a business combination under common control[7]. - The company completed a share issuance to acquire 62.95% of Zhejiang Fuchun Zhiguang Environmental Protection Co., Ltd., with the transaction approved by the China Securities Regulatory Commission[15]. - The company raised 798 million RMB in additional funds through a non-public offering completed in August 2022[16]. - The company received cash from investment activities totaling ¥63,026,518.78 in Q3 2022, a decrease from ¥272,410,462.78 in Q3 2021[28]. Operational Costs and Expenses - Total operating costs for the first three quarters of 2022 were ¥2,440,839,977.80, up from ¥2,212,533,749.95 in 2021, reflecting a year-over-year increase of 10.3%[23]. - Research and development expenses for the first three quarters of 2022 were ¥65,943,600.41, down from ¥75,630,622.72 in 2021, indicating a decrease of 12.8%[23]. - Research and development expenses for the first three quarters of 2022 were CNY 51,465,737.21, reflecting ongoing investment in innovation[32]. Other Financial Metrics - The company received government subsidies amounting to CNY 683,464.57 during the reporting period, contributing to its financial performance[9]. - The company recorded an asset impairment loss of -1.74 million RMB, linked to the recovery of long-term contract assets[11]. - The company reported a net other comprehensive income of -1 million RMB, mainly due to futures hedging losses[11]. - The investment loss for the period was -1.12 million RMB, primarily due to a loss of 4.09 million RMB from a subsidiary's steel price lock[11].