Guizhou Gas(SH:600903)2023-10-27 16:00Financial Performance - The net profit for Q3 2023 was CNY 233,575,916.28, a significant recovery from a net loss of CNY 110,041,972.98 in Q3 2022, representing a turnaround of over 300%[1][2] - Operating profit for Q3 2023 reached CNY 298,196,413.72, compared to an operating loss of CNY 86,456,456.24 in the same period last year[1] - The total comprehensive income for Q3 2023 was CNY 265,253,431.30, compared to a loss of CNY 170,890,554.12 in Q3 2022, showcasing a strong recovery[2] - The basic earnings per share for Q3 2023 was CNY 0.15, recovering from a loss of CNY 0.09 per share in the same quarter last year[2] - The company's operating revenue for Q3 2023 was CNY 1,201,773,513.16, representing a year-on-year increase of 12.17%[31] - The net profit attributable to shareholders for the same period was CNY 27,073,786.21, with a year-to-date net profit of CNY 171,644,956.96[31] Revenue and Growth - Total revenue from operating activities for the first nine months of 2023 was CNY 5,686,295,851.36, up from CNY 4,650,031,415.48 in the same period of 2022, indicating a year-on-year growth of approximately 22.3%[2] - Total operating revenue for the first three quarters of 2023 reached CNY 4,459,295,368.26, an increase of 6.11% compared to CNY 4,201,785,055.83 in the same period of 2022[17] - The gross profit from main business operations increased by approximately CNY 390 million compared to the same period last year[39] Cash Flow and Investments - The cash flow from operating activities for Q3 2023 was CNY 804,672,089.69, a substantial increase from CNY 174,275,007.30 in Q3 2022, indicating improved operational efficiency[4] - The company reported a net cash outflow from investing activities of CNY 577,154,671.01 in Q3 2023, compared to a net outflow of CNY 308,337,358.64 in Q3 2022, reflecting ongoing investments in growth[4] - The company's cash inflow from financing activities totaled 1,763,947,441.77 RMB in Q3 2023, down from 2,061,941,148.77 RMB in the same period last year, a decrease of about 14.4%[5] - The company’s cash outflow from financing activities was 2,202,486,991.30 RMB in Q3 2023, compared to 2,375,803,744.65 RMB in Q3 2022, reflecting a decrease of approximately 7.3%[5] Assets and Liabilities - The total cash and cash equivalents at the end of Q3 2023 were 739,541,140.90 RMB, down from 944,279,501.78 RMB at the end of Q3 2022, representing a decrease of about 21.6%[5] - The company reported a total of 2,316,385,466.26 RMB in current assets as of September 30, 2023, a decrease of approximately 16.8% from 2,783,838,258.34 RMB at the end of 2022[14] - The total liabilities decreased to CNY 6,223,518,462.43 from CNY 6,614,534,181.68, a decline of 5.91%[17] - The company's equity attributable to shareholders increased to CNY 3,231,599,934.49 from CNY 2,938,420,120.60, representing a growth of 9.97%[17] Research and Development - Research and development expenses increased to CNY 508,863.07 in Q3 2023 from CNY 384,038.89 in Q3 2022, reflecting a commitment to innovation and development[1] - Research and development expenses increased by 32.50%, reflecting a rise in the number of R&D personnel[19] Strategic Transactions - The company completed the transfer of a 50% stake in Zunyi Bozhou Gas Co., Ltd. to Sichuan Huayou Group for 93.42365 million RMB, with the transaction finalized on July 28, 2023[12] - The company established a new subsidiary, Guizhou Gas Group Jinping County Gas Co., Ltd., with a registered capital of 10 million RMB, which was registered on October 19, 2021, and received 2 million RMB in capital contribution on October 9, 2023[12] - The company received 56.05419 million RMB from Sichuan Huayou for the equity transfer on August 24, 2023[12] - The company completed the transfer of 60,000,000 shares to a major shareholder as part of a share transfer agreement[27] Government Support - The company reported a government subsidy income of CNY 3,266,636.96 for the current period[40]