SGC(SH:601139)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥7,745,657,955.79, representing a year-on-year increase of 56.90%[4] - The net profit attributable to shareholders for Q3 2022 was ¥323,308,567.48, showing a decrease of 8.10% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥303,218,317.45, down 10.68% year-on-year[4] - For the first nine months of 2022, the company's operating revenue reached CNY 2,254,435,000, representing a year-on-year increase of 54.70% due to the consolidation of Jiangsu Siweike New Materials Co., Ltd.[12] - The net profit attributable to shareholders decreased by 28.39% year-on-year to CNY 86,208,000, primarily due to a significant increase in natural gas procurement prices that could not be timely adjusted in sales prices[12] - Total operating revenue for the first three quarters of 2022 reached ¥22,544,352,729.71, a significant increase from ¥14,572,647,979.74 in the same period of 2021, representing a growth of approximately 54.3%[19] - Net profit for Q3 2022 was ¥1,109,852,216.72, down from ¥1,303,041,684.02 in Q3 2021, reflecting a decrease of approximately 15%[20] - Total comprehensive income for the period attributable to the parent company was CNY 862,075,845.29, down from CNY 1,203,869,916.63 in the previous period, representing a decrease of approximately 28.4%[21] Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date was negative at -¥36,191,585.48, a decline of 103.46% compared to the previous year[5] - Net cash flow from operating activities for the first three quarters was negative CNY 36,191,585.48, compared to positive CNY 1,045,733,492.66 in the same period last year[22] - Cash inflow from operating activities totaled CNY 24,252,686,288.96, an increase of 49.8% from CNY 16,181,451,363.76 in the previous year[22] - Cash outflow from operating activities increased to CNY 24,288,877,874.44, up from CNY 15,135,717,871.10, marking a rise of 60.5%[22] - Net cash flow from investing activities was negative CNY 1,686,488,609.02, an improvement from negative CNY 2,562,778,096.48 in the previous year[23] - Cash inflow from financing activities increased to CNY 10,455,438,493.45, compared to CNY 8,635,834,754.21 in the same period last year, reflecting a growth of 21.1%[23] - The company received CNY 4,654,768,583.45 in cash from borrowings, significantly higher than CNY 1,936,445,606.21 in the same period last year, indicating a growth of 140.5%[23] - The company’s cash outflow for paying dividends and interest was CNY 830,645,156.15, compared to CNY 678,496,926.63 in the previous year, reflecting an increase of 22.4%[23] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥38,971,267,847.35, an increase of 14.30% compared to the end of the previous year[5] - The company's total liabilities as of Q3 2022 amounted to ¥24,016,347,604.58, an increase from ¥20,028,542,215.00 in the previous year, showing a growth of about 19.9%[18] - The total equity attributable to shareholders reached ¥12,749,430,606.98 in Q3 2022, up from ¥12,362,647,464.13 in Q3 2021, marking an increase of approximately 3.1%[18] - The total current assets increased to CNY 12,529,856,416.91 from CNY 9,243,981,475.48 year-on-year[16] - The company's goodwill rose to CNY 3,382,354,585.68, up from CNY 2,728,931,062.44 in the previous year[16] - The total assets as of Q3 2022 were ¥38,971,267,847.35, up from ¥34,096,211,723.46 in the previous year, indicating a growth of approximately 14.5%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 51,400[10] - The basic earnings per share for Q3 2022 was ¥0.11, a decrease of 8.33% from the same period last year[5] - The company reported a basic and diluted earnings per share of CNY 0.30, down from CNY 0.42 in the previous period, indicating a decline of 28.6%[21] Operational Insights - The company reported a significant increase in operating revenue due to the consolidation of newly acquired enterprises from the previous year[9] - Natural gas sales volume was 3.336 billion cubic meters, a slight decrease of 0.18% compared to the same period last year, with Shenzhen's pipeline gas sales down 5.81% to 1.735 billion cubic meters[12] - The company reported a decrease in natural gas sales to power plants by 20.13% to 869 million cubic meters, while non-power plant sales increased by 9.45% to 2.467 billion cubic meters[12] - The revenue from Jiangsu Siweike New Materials Co., Ltd. during the reporting period was CNY 501,482,540, marking a year-on-year growth of 108.97%[12] - The company has highlighted the importance of monitoring the impact of rising natural gas prices on profitability and sales strategies moving forward[12] Research and Development - Research and development expenses for the first three quarters of 2022 were ¥438,770,940.63, compared to ¥214,097,900.12 in 2021, indicating an increase of about 104.5%[19]