水发燃气(603318) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was CNY 745,737,951.40, a decrease of 23.58% compared to CNY 1,147,527,134.41 in the same period last year[5] - Net profit attributable to shareholders for Q3 2023 increased by 94.92% to CNY 11,840,741.36 from CNY 6,074,639.82 year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 110.86% to CNY 11,409,838.92 compared to CNY 5,411,160.38 in the previous year[5] - Basic and diluted earnings per share for Q3 2023 were both CNY 0.03, reflecting a 50% increase from CNY 0.02 in the same period last year[5] - Total operating revenue for the first three quarters of 2023 was CNY 2,324,311,761.27, a decrease of 1.65% compared to CNY 2,363,544,787.55 in the same period of 2022[22] - Net profit for the first three quarters of 2023 was CNY 99,338,523.96, an increase of 7.91% compared to CNY 92,606,048.68 in the same period of 2022[23] - The company reported a total comprehensive income of CNY 99,061,454.27 for the first three quarters of 2023, compared to CNY 92,194,085.84 in 2022[24] Assets and Liabilities - Total assets at the end of Q3 2023 amounted to CNY 4,419,957,130.97, representing a 1.52% increase from CNY 4,353,688,834.87 at the end of the previous year[6] - Total liabilities as of September 30, 2023, were RMB 3,800,632,000.00, compared to RMB 3,758,056,000.00 at the end of 2022, showing an increase of approximately 1.1%[18] - The total liabilities as of the end of Q3 2023 amounted to CNY 2,523,650,059.93, slightly down from CNY 2,545,094,799.44 at the end of Q3 2022[19] - The company's total assets decreased slightly to RMB 4,419,957,130.97 from RMB 4,353,688,834.87, a reduction of about 1.5%[18] - The company's short-term borrowings increased to RMB 941,678,632.20 from RMB 847,181,491.68, reflecting a rise of about 11%[18] Cash Flow - The company reported a cash flow from operating activities of CNY 282,661,581.68 for the year-to-date, a slight increase of 1.48% compared to CNY 278,533,781.46 in the previous year[5] - Cash inflows from operating activities totaled CNY 2,745,079,428.98, a decrease from CNY 3,204,695,001.63 in the previous year[26] - The net cash flow from operating activities for Q3 2023 was $282,661,581.68, compared to $278,533,781.46 in Q3 2022, showing a slight increase[27] - Total cash outflow from operating activities was $2,462,417,847.30, down from $2,926,161,220.17 in the previous year, indicating improved operational efficiency[27] - Cash inflow from financing activities reached $1,592,175,300.00, up from $1,331,318,074.20 in Q3 2022, indicating stronger financing capabilities[27] Equity and Dividends - Shareholders' equity attributable to the parent company increased by 2.52% to CNY 1,629,588,593.70 from CNY 1,589,461,228.80 at the end of the previous year[6] - The total equity attributable to shareholders of the parent company increased to CNY 1,629,588,593.70 from CNY 1,589,461,228.80, marking an increase of approximately 2.48%[19] - The company paid $87,505,024.98 in dividends, a decrease from $110,090,082.90 in Q3 2022, suggesting a more conservative dividend policy[27] Operational Efficiency - The increase in net profit was primarily attributed to higher investment income generated from new investment projects initiated in 2022[9] - The cash flow from operating activities showed resilience despite a challenging economic environment, with a focus on cost management and operational efficiency[27] - The report indicates that the company has changed part of its LNG trading revenue recognition from gross to net method, impacting financial results[6] Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 11,886,843.96, up from CNY 8,419,349.93 in the same period of 2022, indicating a growth of 41.5%[23] Current Assets - As of September 30, 2023, the company's current assets totaled RMB 1,311,149,255.42, an increase from RMB 1,157,975,466.28 at the end of 2022, representing a growth of approximately 13.2%[15] - The company's cash and cash equivalents amounted to RMB 569,801,038.77, up from RMB 442,155,487.77 at the end of 2022, indicating a growth of about 29%[15] - Accounts receivable decreased to RMB 236,670,521.77 from RMB 253,165,245.74, reflecting a decline of approximately 6.5%[15] - Inventory increased significantly to RMB 191,555,419.84 from RMB 137,982,103.33, marking a rise of about 39%[15]