Yueda Inv.(SH:600805)2022-10-21 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥803,028,037.21, a decrease of 17.47% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2022 was CNY 2,340,533,156.94, a decrease of 17.5% compared to CNY 2,838,884,014.78 in the same period of 2021[20] - Operating profit for the third quarter of 2022 was CNY 111,379,106.30, a significant recovery from a loss of CNY 520,090,641.05 in the same quarter of 2021[21] - Net profit for the third quarter of 2022 reached CNY 167,286,477.64, compared to a net loss of CNY 527,214,100.98 in the same quarter of the previous year[21] - The net profit attributable to shareholders was ¥149,069,644.79, while the net loss attributable to shareholders for the year-to-date was ¥-191,248,232.66[5] - The basic earnings per share for the current period was ¥0.17, unchanged from the previous year[6] - Earnings per share for the third quarter of 2022 was CNY 0.24, a turnaround from a loss of CNY 0.61 per share in the same quarter of 2021[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,264,454,024.66, representing a decrease of 9.84% from the end of the previous year[6] - As of September 30, 2022, total assets amount to RMB 8.26 billion, a decrease from RMB 9.17 billion at the end of 2021[16] - Current assets total RMB 4.51 billion, up from RMB 3.87 billion at the end of 2021[16] - Non-current assets decreased to RMB 3.75 billion from RMB 5.30 billion at the end of 2021[17] - The total liabilities as of the end of the third quarter of 2022 were CNY 3,421,226,875.48, a decrease from CNY 4,502,403,977.14 at the end of the same quarter in 2021[21] - Total current liabilities amount to RMB 3.26 billion, a decrease from RMB 3.70 billion at the end of 2021[17] Investments - The company recognized a non-operating income of ¥235,746,829.00 from the disposal of non-current assets, specifically from the transfer of a 15% stake in the Beijing-Shanghai Expressway[8] - The company reported an investment income of CNY 494,569,397.93 in the third quarter of 2022, a significant improvement from a loss of CNY 428,247,246.04 in the same quarter of 2021[21] - The company completed the transfer of a 15% stake in Jiangsu Jinghu Expressway Co., Ltd. for a total amount of RMB 2.1 billion, generating an investment income of approximately RMB 235 million[14] - The company reported a significant decrease of 45.21% in long-term equity investments due to the transfer of the 15% stake in the Beijing-Shanghai Expressway[9] - The company’s other equity instrument investments increased by 137.59% as a result of a change in accounting treatment for its stake in Yueda Kia[9] - The company has a long-term investment of RMB 2.01 billion, down from RMB 3.67 billion at the end of 2021[16] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥12,267,311.11[6] - The net cash flow from operating activities was 12,267,311.11, a significant improvement from -88,808,026.26 in the previous quarter[25] - Total cash inflow from investment activities was 947,006,959.12, compared to 360,835,872.21 in the previous quarter, indicating a strong increase[25] - The net cash flow from investment activities was 746,215,507.49, up from 228,562,421.79 in the previous quarter, reflecting positive investment returns[25] - Cash inflow from financing activities totaled 2,028,171,273.74, down from 2,348,290,997.52 in the previous quarter[26] - The net cash flow from financing activities was -762,566,371.34, a decline from 124,492,877.13 in the previous quarter, indicating increased cash outflows[26] - The ending balance of cash and cash equivalents was 966,722,003.40, down from 1,292,953,006.22 in the previous quarter[26] - Total cash outflow from financing activities was 2,790,737,645.08, compared to 2,223,798,120.39 in the previous quarter, showing increased financing costs[26] - The company paid 2,647,360,000.00 in debt repayments, significantly higher than 1,712,174,643.08 in the previous quarter[26] - The company reported a cash outflow of 113,610,224.42 for dividends and interest payments, compared to 98,022,409.73 in the previous quarter[26] - The impact of exchange rate changes on cash and cash equivalents was -200,569.69, a slight improvement from -2,572,769.51 in the previous quarter[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 38,358[12] - Jiangsu Yueda Group Co., Ltd. holds 287,692,137 shares, accounting for 33.81% of total shares, with 136,123,281 shares pledged[12] - Total equity attributable to shareholders of the parent company increased to CNY 4,378,764,717.80 from CNY 4,173,017,178.01 year-over-year, reflecting a growth of 4.9%[21] Management Expenses - The company’s management expenses decreased by 31.52% due to the cessation of operations at Xitong Company in September 2021[9]