Bestsun Energy(SH:600681)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 749,735,488.09, representing a year-on-year increase of 9.47%[6] - The net profit attributable to shareholders for Q3 2022 was CNY 52,464,432.02, a decrease of 44.52% compared to the same period last year[6] - The basic earnings per share for Q3 2022 was CNY 0.0387, down 44.32% year-on-year[7] - The net profit for Q3 2022 was CNY 309.70 million, a decrease of 32.4% compared to CNY 457.28 million in Q3 2021[22] - The operating profit for Q3 2022 was CNY 426.11 million, down 30.0% from CNY 609.73 million in the same period last year[22] - The total comprehensive income for Q3 2022 was CNY 309.70 million, down from CNY 457.28 million in Q3 2021[23] - The company reported a tax expense of CNY 115.68 million for Q3 2022, compared to CNY 151.71 million in Q3 2021[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,568,775,548.36, a decrease of 7.15% compared to the end of the previous year[7] - Current assets decreased to RMB 1,318,726,742.24 from RMB 2,036,369,007.38 at the end of 2021, indicating a decline of 35.3%[17] - Non-current assets increased to RMB 6,250,048,806.12 from RMB 6,115,357,461.39, showing a growth of 2.2%[18] - Total liabilities decreased to RMB 3,828,880,208.53 from RMB 4,086,700,766.99, a reduction of 6.3%[19] - The company's equity attributable to shareholders decreased to RMB 3,586,542,157.15 from RMB 3,909,610,964.69, reflecting a decline of 8.2%[19] - The total liabilities decreased from ¥728,323,940.99 to ¥674,840,300.61, a decline of about 7.3%[29] - The total equity decreased from ¥6,605,061,347.79 to ¥6,166,112,367.73, a decline of about 6.6%[30] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 1,788,982.76, down 99.46% year-on-year[7] - The net cash flow from operating activities for Q3 2022 was CNY 1.79 million, a significant decrease from CNY 332.23 million in Q3 2021[25] - The cash flow from investing activities in Q3 2022 resulted in a net outflow of CNY 257.46 million, compared to a net outflow of CNY 66.95 million in Q3 2021[26] - The cash flow from financing activities in Q3 2022 showed a net outflow of CNY 497.09 million, compared to a net outflow of CNY 104.08 million in Q3 2021[26] - The net cash flow from operating activities for the first three quarters of 2022 was ¥1,321,153.24, a significant improvement from a net outflow of ¥17,248,669.85 in the same period of 2021[33] - The net cash flow from investment activities was -¥1,346,312,500.00 for the first three quarters of 2022, an improvement compared to -¥1,864,040,150.00 in 2021[33] - The net cash flow from financing activities for the first three quarters of 2022 was ¥976,778,930.62, compared to ¥2,105,861,874.33 in 2021, showing a decline of approximately 53.7%[34] Costs and Expenses - The company experienced an increase in natural gas procurement costs, contributing to the decline in net profit[10] - Total operating costs for the first three quarters of 2022 were RMB 2,957,698,291.56, up from RMB 2,535,577,838.59 in the same period of 2021, reflecting an increase of 16.6%[21] - Financial expenses decreased from ¥14,190,366.14 to ¥6,671,317.48, a reduction of approximately 53%[30] - The company's retained earnings decreased significantly from ¥388,185,334.23 to ¥12,024,281.23, a drop of approximately 96.9%[30] Shareholder Activities - The company completed a share buyback of 22,155,991 shares, accounting for 1.63% of the total share capital, at an average price of RMB 4.51 per share, totaling RMB 100,031,351[14] - The company received government subsidies amounting to CNY 23,849,418.04 during the reporting period[9]