KEC(SH:600997)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥6,399,046,604.45, representing a year-on-year increase of 13.89%[4] - The net profit attributable to shareholders for Q3 2022 was ¥473,973,448.12, showing a decrease of 5.38% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥437,801,723.92, down 8.71% year-on-year[4] - The basic earnings per share for Q3 2022 was ¥0.30, a decrease of 6.25% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2022 reached ¥19.63 billion, an increase of 16.5% compared to ¥16.92 billion in the same period of 2021[26] - Net profit for the first three quarters of 2022 was ¥1.67 billion, a decrease of 15.8% from ¥1.99 billion in the same period of 2021[26] - The profit attributable to shareholders of the parent company was ¥1.82 billion, up 8.6% from ¥1.68 billion in the same period of 2021[26] - The total profit for the first three quarters of 2022 was ¥2.30 billion, down 10% from ¥2.56 billion in the previous year[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥29,077,716,002.91, a decrease of 5.33% from the end of the previous year[7] - As of September 30, 2022, total assets amounted to CNY 29,077,716,002.91, a decrease from CNY 30,715,358,927.85 as of December 31, 2021, representing a decline of approximately 5.34%[20] - Current assets totaled CNY 14,716,918,705.07, down from CNY 16,088,662,228.42, indicating a decrease of about 8.52%[20] - The company's cash and cash equivalents decreased to CNY 7,888,450,222.43 from CNY 9,279,836,274.54, reflecting a decline of approximately 15.03%[20] - Total liabilities were reported at CNY 13,134,194,234.79, down from CNY 14,473,565,033.33, a reduction of about 9.27%[22] - The company's short-term borrowings decreased to CNY 1,700,000,000.00 from CNY 2,120,000,000.00, a decrease of approximately 19.76%[22] - The long-term borrowings increased to CNY 1,259,000,000.00 from CNY 802,794,718.23, reflecting an increase of about 56.67%[22] - The company's accounts receivable amounted to CNY 1,288,014,344.55, down from CNY 1,589,771,217.09, a decrease of approximately 19.00%[20] Shareholder Information - The controlling shareholder, Kailuan Group, increased its shareholding by 1,233,600 shares, accounting for 0.0777% of the total share capital, with a total investment of ¥9,387,314.03[16] - The company plans to continue its share buyback program, aiming to acquire between 1% and 2% of the total share capital within 12 months[16] Cash Flow and Investments - Operating cash inflow for the first three quarters of 2022 reached CNY 20.50 billion, up from CNY 17.34 billion in the same period of 2021, representing a growth of approximately 12.5%[29] - Net cash flow from operating activities was CNY 3.05 billion, slightly increasing from CNY 3.03 billion year-on-year[29] - Cash received from investment activities totaled CNY 353.60 million, compared to CNY 203.62 million in the previous year, marking an increase of about 73.5%[29] - Cash outflow for investment activities was CNY 1.12 billion, up from CNY 943.47 million in the same period last year, indicating a rise of approximately 18.5%[29] - Cash flow from financing activities showed a net outflow of CNY 3.66 billion, worsening from a net outflow of CNY 1.39 billion in the previous year[29] - Total cash and cash equivalents at the end of the period stood at CNY 7.87 billion, down from CNY 8.14 billion at the end of the previous year[29] - The company paid CNY 4.29 billion in debt repayments, which is an increase from CNY 2.76 billion in the previous year, reflecting a rise of approximately 55.0%[29] - The company received CNY 2.89 billion in borrowings, compared to CNY 2.21 billion in the same period last year, showing an increase of about 30.7%[29] Research and Development - Research and development expenses increased to ¥210.99 million, representing a 46.5% rise from ¥143.98 million in the previous year[26] Other Financial Metrics - The weighted average return on equity for Q3 2022 was 3.43%, a decrease of 0.21 percentage points compared to the previous year[7] - The total equity attributable to shareholders at the end of the reporting period was ¥14,086,547,496.16, a slight decrease of 0.20% from the previous year[7] - The total equity attributable to shareholders was CNY 14,086,547,496.16, slightly down from CNY 14,114,221,117.87, a decrease of about 0.20%[22] - Other comprehensive income after tax amounted to ¥26.40 million, compared to a loss of ¥4.20 million in the same period of 2021[26] - The company's financial expenses decreased to ¥182.25 million, down from ¥221.87 million in the previous year[26] - The company reported an increase in investment income from joint ventures to ¥110.62 million, up from ¥65.28 million in the previous year[26]