创业环保(600874) - 2020 Q3 - 季度财报

Financial Performance - Operating revenue for the period from January to September was RMB 248,016.6 million, representing a year-on-year increase of 27.80%[17] - Net profit attributable to shareholders of the listed company was RMB 43,667.4 million, up 12.64% from the same period last year[17] - Basic earnings per share for the period was RMB 0.31, reflecting a growth of 14.81% year-on-year[19] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching RMB 38,638.3 million, a growth of 23.46%[17] - Total revenue for Q3 2020 reached 958,776 thousand RMB, a 33.9% increase from 715,974 thousand RMB in Q3 2019[49] - The net profit for Q3 2020 was 202,750 thousand RMB, up 11.0% from 181,757 thousand RMB in the same period last year[54] - The total profit for Q3 2020 was 255,069 thousand RMB, representing a 18% increase from 215,840 thousand RMB in Q3 2019[54] - The total comprehensive income for the first three quarters of 2020 was CNY 640,422,000, compared to CNY 343,999,000 in the same period of 2019, representing an increase of 86.2%[59] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 1,843,561.3 million, an increase of 2.47% compared to the end of the previous year[17] - The total liabilities reached RMB 1,098,263 million, increasing by RMB 13,401 million, or 1.24% from the previous year-end[25] - Accounts receivable increased by RMB 81,744.9 million, or 32.79%, primarily due to an increase in receivables from sewage treatment services[25] - Short-term borrowings decreased by RMB 20,000 million, or 100%, as the company repaid maturing short-term loans[25] - Long-term borrowings increased by RMB 99,757.6 million, or 33.18%, primarily due to new long-term loans taken during the period[25] - Total assets decreased slightly to 11,789,750 thousand RMB from 11,894,179 thousand RMB year-over-year[49] - Total liabilities increased to 10,982,626 thousand RMB from 10,848,620 thousand RMB, indicating a rise of 1.2%[49] - The company's equity attributable to shareholders rose to 6,457,986 thousand RMB, up from 6,174,025 thousand RMB, marking a growth of 4.6%[43] Cash Flow - The net cash flow from operating activities for the first nine months decreased by 43.31% to RMB 48,360.6 million compared to the previous year[17] - The net cash flow from operating activities was RMB 48,360.6 million, a decrease of RMB 36,945.1 million, or 43.31% compared to the same period last year[27] - The net cash flow from investing activities improved by RMB 70,254.3 million, or 38.24%, due to lower investment expenditures in engineering projects compared to the previous year[27] - The net cash flow from operating activities for the first three quarters of 2020 was CNY 483,606,000, down from CNY 853,057,000 in 2019, a decrease of 43.3%[63] - The net cash flow from investing activities for the first three quarters of 2020 was -CNY 1,134,828,000, compared to -CNY 1,837,371,000 in 2019, indicating an improvement of 38.3%[65] - Cash inflow from financing activities in the first three quarters of 2020 was CNY 2,027,076,000, an increase from CNY 1,813,215,000 in 2019, representing a growth of 11.8%[65] Shareholder Information - The total number of shareholders at the end of the reporting period was 69,305, with the largest shareholder holding 50.14% of the shares[20] Government Support and Strategic Plans - The company received government subsidies amounting to RMB 6,145.4 million during the reporting period[20] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[20] - The company announced a non-public issuance of A-shares, which was approved by the board and shareholders, pending approval from the China Securities Regulatory Commission[28] Expenses and Costs - The company reported a significant decrease in sales expenses, which rose to RMB 1,181.3 million, an increase of 241.02% due to the operational costs of hazardous waste projects[27] - Research and development expenses for Q3 2020 were 1,961 thousand RMB, slightly up from 1,960 thousand RMB in Q3 2019[52] - Financial expenses in Q3 2020 amounted to 74,814 thousand RMB, a 74% increase compared to 42,846 thousand RMB in Q3 2019[52] - The company's management expenses for Q3 2020 were 38,723 thousand RMB, up from 36,422 thousand RMB in Q3 2019[52] Other Financial Metrics - The weighted average return on net assets increased by 0.38 percentage points to 6.91% compared to the previous year[17] - The company's basic earnings per share for Q3 2020 was 0.13 RMB, compared to 0.12 RMB in Q3 2019[54] - The ending cash and cash equivalents balance stood at $491,980 thousand, up from $304,435 thousand, reflecting improved liquidity position[67] - The company did not apply the new revenue and lease standards retroactively, which may impact future financial reporting[69]