Guizhou Gas(SH:600903)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥1,071,347,398.05, representing a year-on-year increase of 15.44%[6]. - The net profit attributable to shareholders of the listed company for Q3 2022 was -¥18,974,709.91, with a year-to-date net profit of -¥102,438,409.08[6]. - The basic earnings per share for Q3 2022 was -¥0.02, and the diluted earnings per share was also -¥0.02[8]. - The net profit for the third quarter of 2022 was a loss of CNY 110,041,972.98, contrasting with a profit of CNY 176,423,198.18 in the same quarter of 2021[27]. - The total comprehensive income attributable to the parent company was -163,286,990.22 CNY, compared to 60,072,594.96 CNY in the same period last year[28]. - Basic and diluted earnings per share were both -0.09 CNY, down from 0.14 CNY in the previous year[28]. Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥9,683,035,205.11, a decrease of 3.81% compared to the end of the previous year[8]. - The company's total current assets as of September 30, 2022, amounted to CNY 2,663,518,336.41, a decrease from CNY 3,192,578,675.15 at the end of 2021[24]. - The total assets of the company were CNY 9,683,035,205.11, down from CNY 10,066,968,698.10 at the end of 2021[24]. - The total liabilities as of the third quarter of 2022 amounted to CNY 6,108,502,804.71, a decrease from CNY 6,299,614,327.64 in the previous year[26]. - The company’s total liabilities decreased by 3.81% compared to the previous year, reflecting a strategic focus on managing debt levels[11]. - The company’s short-term borrowings decreased to CNY 2,603,678,303.05 from CNY 2,846,748,954.91 at the end of 2021[24]. - The company reported a significant increase in long-term borrowings, which rose to CNY 607,799,730.01 from CNY 368,783,778.82 year-on-year[26]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥174,275,007.30, reflecting a decrease of 19.97%[8]. - Cash inflow from operating activities totaled 4,717,477,250.31 CNY, an increase from 3,808,696,304.63 CNY year-over-year[29]. - Cash outflow from operating activities was 4,543,202,243.01 CNY, compared to 3,590,938,358.97 CNY in the same period last year[29]. - Net cash flow from operating activities was 174,275,007.30 CNY, down from 217,757,945.66 CNY year-over-year[29]. - Cash inflow from investment activities was 272,904,536.13 CNY, compared to 134,964,048.29 CNY in the previous year[29]. - Net cash flow from investment activities was -308,337,358.64 CNY, worsening from -172,104,429.88 CNY year-over-year[30]. - Cash inflow from financing activities was 2,061,941,148.77 CNY, down from 2,612,201,691.33 CNY in the same period last year[30]. - Net cash flow from financing activities was -313,862,595.88 CNY, compared to -176,903,673.75 CNY in the previous year[30]. - The ending cash and cash equivalents balance was 944,279,501.78 CNY, up from 365,324,126.30 CNY year-over-year[30]. Shareholder Information - As of September 30, 2022, the total number of common shareholders was 58,844, with the largest shareholder, Beijing Dongjia Investment Co., Ltd., holding 449,552,588 shares, representing 39.50% of the total shares[15]. - The second largest shareholder, Guiyang Industrial Investment Group Co., Ltd., held 409,094,591 shares, accounting for 35.94%[15]. Operational Highlights - The company experienced a 35.65% increase in operating costs year-to-date, primarily due to increased gas sales volume and procurement prices[11]. - The company's gross profit margin decreased due to increased procurement costs and a decline in gas sales profit, resulting in a net profit decrease of ¥114,735,000 compared to the previous year[11]. - The company reported a significant increase in accounts receivable, with a year-on-year increase of 211.19% due to the receipt of commercial acceptance bills[11]. - The company received government subsidies amounting to ¥16,177,868.29 year-to-date, which contributed to other income growth of 108.99%[11]. Investments and Subsidiaries - The company established a new subsidiary, Guizhou Gas Group Service Co., Ltd., with a registered capital of CNY 5 million, in which the company holds a 70% stake[22]. - The company also formed a joint venture, Guizhou Gas Shuicheng Comprehensive Energy Co., Ltd., with a registered capital of CNY 45.5 million, where the company owns 66%[22]. - The company’s long-term equity investments increased slightly to CNY 529,071,161.10 from CNY 525,488,037.80 at the end of 2021[24]. Research and Development - The company’s research and development expenses for the third quarter of 2022 were CNY 384,038.89, slightly down from CNY 405,604.60 in the previous year[26].