SPC(SH:600688)2022-10-26 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 11,878,206, a decrease of 51.96% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was a loss of CNY 1,566,776, representing a decline of 317.35% year-over-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 1,529,123, down 313.63% from the previous year[5] - Total operating revenue for the first three quarters of 2022 was CNY 57,778,561, a decrease of 6.7% compared to CNY 61,863,093 in the same period of 2021[18] - Net profit for the first three quarters of 2022 was a loss of CNY 1,998,274, compared to a profit of CNY 1,971,400 in the same period of 2021[18] - The company recorded a total comprehensive loss of CNY 1,777,831 for the first three quarters of 2022, compared to a total comprehensive income of CNY 2,048,850 in the same period of 2021[19] - The company's investment income for the first three quarters of 2022 was a loss of CNY 185,032, a decline from a profit of CNY 777,741 in the same period of 2021[18] Cash Flow and Assets - The net cash flow from operating activities for Q3 2022 was CNY 1,670,792, a decrease of 18.34% compared to the same period last year[5] - The company reported a net cash outflow from operating activities of CNY 4,734,330 for the first three quarters of 2022, compared to an outflow of CNY 343,611 in the previous year[21] - Cash and cash equivalents at the end of the third quarter of 2022 amounted to CNY 5,494,687, an increase from CNY 3,227,641 at the end of the same period in 2021[22] - The company achieved a net cash inflow from investing activities of CNY 3,790,376 in the first three quarters of 2022, a significant improvement from a net outflow of CNY 3,877,409 in the previous year[21] - The company's cash and cash equivalents decreased to ¥9,087,458,000 from ¥12,498,617,000 year-over-year, reflecting a decline of approximately 27.4%[15] - Total assets at the end of Q3 2022 were CNY 44,689,289, a decrease of 4.99% from the end of the previous year[7] - Total assets as of September 30, 2022, amounted to ¥44,689,289,000, down from ¥47,038,622,000 at the end of 2021, indicating a decrease of about 5.7%[17] Shareholder Information - As of September 30, 2022, the total number of ordinary shareholders was 102,846, with the largest shareholder, Sinopec Limited, holding 5,459,455,000 shares, representing 50.44% of the total[11] - The equity attributable to shareholders at the end of Q3 2022 was CNY 27,259,789, down 9.92% from the previous year-end[7] - Sinopec Limited's equity attributable to shareholders decreased to ¥27,259,789,000 from ¥30,260,172,000, a decline of approximately 10.0%[17] Operational Challenges - The company reported a significant decline in performance due to an explosion incident at its 1 ethylene glycol unit on June 18, 2022, leading to a halt in major production facilities[10] - The average price increase of petrochemical products was lower than the average increase in crude oil prices, contributing to the decline in net profit for the year-to-date period[10] - The company has resumed operations at its major facilities following the incident, indicating a potential recovery in production capacity[10] - The company successfully completed the restoration of production capabilities after an explosion incident on June 18, 2022, with the second ethylene glycol unit resuming operations by September 30, 2022[13] Other Information - The company has not reported any new product launches or technological advancements in the current quarter[12] - The company has not disclosed any significant mergers or acquisitions during the reporting period[12] - Total operating costs for the first three quarters of 2022 were CNY 59,745,874, slightly down from CNY 60,150,245 in the previous year[18] - Basic and diluted earnings per share for the third quarter of 2022 were both CNY -0.185, compared to CNY 0.182 in the same quarter of 2021[19] - The company's total liabilities increased to ¥17,301,164,000 from ¥16,643,191,000, representing an increase of approximately 3.9%[17] - The inventory level rose to ¥7,466,394,000, compared to ¥5,923,525,000 in the previous year, marking an increase of about 26.1%[15] - The weighted average return on equity for Q3 2022 was -5.472%, a decrease of 7.88 percentage points year-over-year[5]