Guizhou Gas(SH:600903)2021-10-28 16:00Financial Performance - The company's operating revenue for the third quarter was ¥928,038,428.97, representing a year-on-year increase of 10.36%[5] - The net profit attributable to shareholders was ¥34,367,292.59, a decrease of 44.28% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥31,321,929.31, down 47.95% year-on-year[5] - The basic earnings per share for the quarter was ¥0.03, a decrease of 40% compared to the same period last year[7] - The total current assets as of September 30, 2021, were ¥2,111,743,242.45, down from ¥2,236,841,558.77 at the end of 2020, a decrease of about 5.6%[23] - The total profit for Q3 2021 was CNY 204,761,864.02, slightly up from CNY 201,674,544.18 in Q3 2020, representing an increase of approximately 1.03%[29] - The net profit attributable to shareholders of the parent company was CNY 162,054,000.13, down from CNY 170,851,351.33 in the same period last year, a decrease of about 5.00%[29] - The basic earnings per share for Q3 2021 was CNY 0.14, slightly down from CNY 0.15 in Q3 2020, a decrease of about 6.67%[31] - The company’s total comprehensive income for Q3 2021 was CNY 74,441,793.01, compared to a loss of CNY -95,448,802.20 in the same quarter last year, indicating a significant recovery[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,657,674,382.12, a decrease of 5.71% from the end of the previous year[7] - Non-current liabilities totaled CNY 898,397,588.15, a decrease of 33.0% from CNY 1,340,578,599.13 in the previous year[25] - Total assets decreased to CNY 8,657,674,382.12 from CNY 9,182,201,087.20, reflecting a decline of 5.7%[25] - Total liabilities amounted to CNY 5,110,798,844.14, down 12.0% from CNY 5,800,727,542.47 in the previous year[25] - The company's equity attributable to shareholders increased to CNY 2,826,068,858.52, compared to CNY 2,820,949,366.67 in the previous year[25] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥217,757,945.66, a decrease of 16.02% compared to the same period last year[5] - The company's operating cash flow for the first three quarters of 2021 was CNY 217,757,945.66, compared to CNY 259,307,431.64 in the first three quarters of 2020, reflecting a decline of approximately 15.98%[33] - Cash inflow from operating activities totaled CNY 3,808,696,304.63, an increase from CNY 3,023,026,262.09 year-on-year, marking a growth of about 26.00%[33] - The company reported a net cash outflow from investing activities of CNY -172,104,429.88, compared to CNY -52,675,525.12 in the previous year, indicating a worsening investment cash flow situation[35] - Total cash and cash equivalents at the end of Q3 2021 were CNY 365,324,126.30, down from CNY 595,679,192.84 at the end of Q3 2020, a decrease of approximately 38.67%[35] - The cash inflow from financing activities was CNY 2,612,201,691.33, an increase from CNY 2,433,359,541.67 in the previous year, reflecting a growth of approximately 7.35%[35] - The net cash flow from financing activities showed an improvement, with a net outflow of CNY -176,903,673.75 compared to CNY -354,268,450.77 in the same period last year, indicating a reduction in cash burn[35] Shareholder Information - The company reported a total of 57,589 common shareholders at the end of the reporting period[13] - The top shareholder, Beijing Dongjia Investment Co., Ltd., held 449,552,588 shares, accounting for 39.50% of the total shares[13] - The company’s second largest shareholder, Guiyang Industrial Investment Group Co., Ltd., holds 409,094,591 shares[15] - The company’s total shareholding structure includes various other shareholders, with significant stakes held by financial institutions[15] - The company reported a total of 449,552,588 shares held by its largest shareholder, Beijing Dongjia Investment Co., Ltd.[15] Investments and Joint Ventures - The company acquired a 40% stake in Guizhou Guoneng Carbon Investment Co., Ltd. for RMB 89.0999 million, with RMB 59.05 million paid and RMB 30.0499 million remaining unpaid[17] - The company established a joint venture, Guizhou Xingwengan Gas Co., Ltd., with a registered capital of RMB 50 million, where the company holds a 40% stake[17] - The company invested RMB 5 million for a 10% stake in Guizhou Hydrogen Efficiency Energy Technology Co., Ltd., which has a registered capital of RMB 50 million[17] - The company set up Guizhou Gas Group Jinping County Gas Co., Ltd. with a registered capital of RMB 10 million, fully owned by the company[17] - The company transferred a 2% stake in Liupanshui Thermal Company for RMB 2 million, reducing its ownership from 51% to 49%[17] - The company completed the registration of several new entities and joint ventures in October 2021, enhancing its market presence[17] Legal and Regulatory Matters - The company is involved in ongoing litigation regarding unpaid gas fees amounting to RMB 5,363,834.76 and associated penalties[17] - The company reported a court ruling requiring Guizhou Xinda Yuanyang Investment Co., Ltd. to pay ¥5,363,834.76 in gas usage fees, along with penalties calculated at four times the People's Bank of China’s loan interest rate[8] - The company has received approval from the China Securities Regulatory Commission for the public issuance of convertible bonds on September 15, 2021[8] - The company has fully provided for bad debt reserves corresponding to the receivable gas fees due to potential collection risks[8] Research and Development - Research and development expenses for the first three quarters of 2021 were CNY 405,604.60, up from CNY 315,284.21 in the same period of 2020[28]