江南水务(601199) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was CNY 309,615,724.8, representing a year-on-year increase of 19.79%[4] - The net profit attributable to shareholders for Q3 2021 was CNY 100,990,163.22, reflecting a growth of 56.09% compared to the same period last year[4] - The basic earnings per share for Q3 2021 was CNY 0.10, an increase of 42.86% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 99,385,091.49, up 53.06% year-on-year[5] - The weighted average return on equity for Q3 2021 was 3.21%, an increase of 1.01 percentage points compared to the previous year[5] - Net profit for the third quarter of 2021 was ¥208,925,499.35, compared to ¥153,288,716.88 in the same quarter of 2020, representing a 36.3% year-over-year growth[19] - Earnings per share (EPS) for the third quarter was ¥0.22, an increase from ¥0.17 in the previous year[20] - The company reported a total comprehensive income of ¥207,969,609.90 for the third quarter, compared to ¥153,390,259.88 in the same quarter of the previous year[19] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to CNY 6,303,970,011.92, showing a 15.56% increase from the end of the previous year[5] - Total current assets as of September 30, 2021, amount to RMB 2,401,815,122.49, an increase from RMB 2,307,136,142.05 at the end of 2020[14] - Total non-current assets as of September 30, 2021, are RMB 3,902,154,889.43, up from RMB 3,147,853,059.42 at the end of 2020[15] - Total current liabilities as of September 30, 2021, are RMB 1,868,369,552.76, an increase from RMB 1,159,964,830.64 at the end of 2020[15] - Total non-current liabilities as of September 30, 2021, include RMB 744,242,211.56 in bonds payable, slightly up from RMB 743,675,602.71 at the end of 2020[15] - Total liabilities reached ¥3,093,021,686.60, up from ¥2,377,465,728.24, showing a significant increase in the company's financial obligations[18] - Total liabilities amounted to 2,377,465,728.24 RMB, compared to 2,384,308,576.73 RMB previously, indicating a reduction in liabilities[26] Shareholder Information - The total equity attributable to shareholders at the end of Q3 2021 was CNY 3,210,948,325.32, reflecting a 4.34% increase from the previous year[5] - Total number of common shareholders at the end of the reporting period is 33,575[11] - The largest shareholder, Jiangyin Urban and Rural Water Supply Co., Ltd., holds 329,082,580 shares, accounting for 35.19% of total shares[12] - The second largest shareholder, Jiangyin Public Asset Management Co., Ltd., holds 216,795,172 shares, representing 23.18% of total shares, with 18,000 shares pledged[12] - The total equity attributable to shareholders rose to ¥3,210,948,325.32 from ¥3,077,523,473.23, reflecting a healthy growth in shareholder value[18] Cash Flow - The company reported a cash flow from operating activities of CNY 349,337,126.45 for the year-to-date, which is a decrease of 8.30% compared to the previous year[5] - The net cash flow from operating activities for the first three quarters was ¥349,337,126.45, down from ¥380,938,685.00 in the same period of 2020[21] - The net cash flow from investment activities was -273,724,608.15 RMB, compared to -683,498,750.80 RMB in the previous period, indicating an improvement[22] - Total cash inflow from investment activities amounted to 872,612,427.20 RMB, while cash outflow was 1,146,337,035.35 RMB, resulting in a net cash flow deficit[22] - The company reported a net cash flow from financing activities of -76,967,623.36 RMB, a significant decrease compared to 777,629,176.64 RMB in the previous period[22] - The company’s cash inflow from financing activities was primarily driven by borrowing, with cash received from loans recorded at 852,446,000.00 RMB[22] - The company’s cash outflow for financing activities included dividend payments totaling 74,816,823.36 RMB[22] Operational Insights - The increase in net profit is attributed to the recovery of the economy post-pandemic and significant growth in water supply business and pipeline engineering projects[9] - The company has a significant increase in accounts receivable, which rose to RMB 184,856,851.02 from RMB 41,008,644.82 year-over-year[14] - Research and development expenses increased to ¥4,311,922.13 from ¥1,481,540.58, indicating a focus on innovation and product development[18] - The company has no significant new product or technology developments reported in the conference call[13] - Total operating revenue for the first three quarters of 2021 reached ¥828,941,201.08, a 26.8% increase from ¥653,723,966.14 in the same period of 2020[17] - Total operating costs amounted to ¥569,296,962.27, up from ¥448,104,692.06, reflecting a significant increase in operational expenses[17] Accounting Changes - The company executed the new leasing standards starting from 2021, impacting the financial statements accordingly[22]