ENN-NG(SH:600803)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 2,874,168, a decrease of 14.10% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2023 was CNY 89,952, down 38.50% year-on-year[4]. - The core profit attributable to shareholders was CNY 150,498, a decrease of 3.50% compared to the same period last year[4]. - Basic earnings per share for Q3 2023 were CNY 0.29, reflecting a decline of 38.30% year-on-year[5]. - Total operating revenue for the first three quarters of 2023 was CNY 9,597,180, a decrease of 10.06% compared to CNY 10,668,583 in the same period of 2022[20]. - Operating income for Q3 2023 was CNY 9,591,131, down from CNY 10,658,922 in Q3 2022, reflecting a decline of 10.02%[21]. - Total operating costs for the first three quarters of 2023 were CNY 8,847,733, a decrease of 10.67% from CNY 9,904,320 in the same period of 2022[21]. - Net profit for Q3 2023 was CNY 687,893, slightly up from CNY 683,976 in Q3 2022, representing an increase of 0.27%[22]. - The profit attributable to shareholders of the parent company for Q3 2023 was CNY 310,305, down from CNY 315,934 in Q3 2022, a decrease of 1.99%[22]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was CNY 712,289, down 34.62% year-on-year[4]. - The company reported a non-operating income of CNY 20,678 for the year-to-date, a significant decrease from CNY 102,927 in the previous year[9]. - The company experienced a decrease in cash flow from coal business operations compared to the previous year, contributing to the overall decline in net cash flow[9]. - The cash and cash equivalents reached RMB 1,650,947,000, up from RMB 923,809,000 in the previous year, indicating an increase of about 78.8%[16]. - The cash and cash equivalents at the end of the third quarter of 2023 were 1,628,218, compared to 1,250,373 at the end of 2022, marking a growth of 30.2%[25]. - The cash received from investment income was 175,421, which is a significant increase of 73.1% from 101,289 in the same period of 2022[25]. - The company's operating cash flow for the first three quarters of 2023 was CNY 1,827.77 million, compared to a negative cash flow of CNY 342.60 million in the same period of 2022[33]. - Investment activities generated a net cash flow of CNY 7,176.29 million in the first three quarters of 2023, a substantial increase from CNY 399.85 million in the same period of 2022[33]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,088,444, an increase of 3.44% from the end of the previous year[5]. - The total assets as of Q3 2023 amounted to CNY 14,088,444, an increase from CNY 13,619,744 at the end of 2022[18]. - Total liabilities increased to CNY 8,816,125 in Q3 2023, compared to CNY 8,463,522 in the previous year[18]. - The total assets of the company as of the end of the third quarter of 2023 amounted to CNY 3,059.99 million, up from CNY 2,234.89 million at the end of 2022[29]. - The total liabilities increased to 1,994,881, compared to 1,236,893 at the end of 2022, reflecting a rise of 61.5%[28]. - The company reported a total of CNY 1,344,725,000 in undistributed profits, reflecting a minor decrease of CNY 227,000[39]. - The total amount of fixed assets was CNY 6,612,822,000, indicating significant investment in long-term assets[38]. - The company holds long-term equity investments valued at CNY 602,109,000[38]. Shareholder Information - The company has a total of 19,996 ordinary shareholders at the end of the reporting period[10]. - The company’s total equity remained stable with a slight decrease in paid-in capital from 309,866 to 309,840[28]. - The company’s total equity increased to CNY 1,065.10 million in Q3 2023, compared to CNY 997.99 million in Q3 2022, reflecting a growth of 6.7%[29]. Strategic Focus - The company completed the transfer of 100% equity in Xinao Mining to Guangdong Kaihong Technology, optimizing its asset structure to focus on its core natural gas business[15]. - The company’s financial strategy includes enhancing its investment in core subsidiaries to strengthen its market position in the natural gas sector[14]. - Xinao Holdings aims to become a leading intelligent ecological operator in the natural gas industry, aligning its strategic focus with long-term growth objectives[15]. - Xinao Holdings has increased its stake in Xinao Energy Holdings by acquiring an additional 8,498,700 shares, bringing its total holdings to 377,674,234 shares, which represents 33.39% of Xinao Energy's total issued shares of 1,131,219,375[14].