WEIMING(SH:603568)2022-10-19 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥1,058,453,365.67, a decrease of 16.53% compared to ¥1,235,816,586.00 in the same period last year[4] - Net profit attributable to shareholders was ¥344,977,661.87, down 22.62% from ¥419,513,545.01 year-on-year[4] - The basic earnings per share for Q3 2022 was ¥0.20, a decline of 25.39% from ¥0.26 in the same period last year[4] - Total operating revenue for the first three quarters of 2022 was CNY 3,305,122,271.04, a decrease of 1.9% compared to CNY 3,369,313,229.35 in the same period of 2021[22] - Net profit for the first three quarters of 2022 was CNY 1,252,098,842.50, representing a slight increase from CNY 1,237,481,403.04 in 2021[23] - The company reported a total comprehensive income of CNY 1,248,939,447.85 for the third quarter of 2022, compared to CNY 1,237,481,403.04 in the previous year[24] - Basic earnings per share for the third quarter of 2022 were CNY 0.74, slightly down from CNY 0.75 in the same quarter of 2021[24] Cash Flow and Liquidity - The net cash flow from operating activities increased by 47.52% year-to-date, reaching ¥1,280,134,712.00[8] - Cash inflow from operating activities totaled CNY 3,013,460,695.20, up from CNY 2,549,417,550.25 in the previous year[25] - In Q3 2022, the net cash inflow from financing activities was approximately ¥2.46 billion, a significant increase from ¥547.22 million in the same period last year[26] - The total cash and cash equivalents at the end of Q3 2022 reached ¥1.98 billion, compared to ¥513.06 million at the end of Q3 2021[26] - The net increase in cash and cash equivalents for Q3 2022 was ¥1.18 billion, contrasting with a decrease of ¥412.57 million in Q3 2021[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥19,505,098,949.05, reflecting a 32.42% increase from ¥14,651,377,361.07 at the end of the previous year[5] - The company's current assets totaled RMB 4.636 billion as of September 30, 2022, compared to RMB 2.956 billion at the end of 2021, indicating a growth of about 56.8%[19] - The company's non-current liabilities totaled RMB 6.951 billion as of September 30, 2022, up from RMB 3.884 billion at the end of 2021, representing an increase of approximately 78.5%[20] - The company reported a total equity of RMB 10.094 billion as of September 30, 2022, compared to RMB 8.268 billion at the end of 2021, reflecting a growth of about 22%[21] Investments and Projects - The company plans to invest in a lithium battery new materials project with a total investment of approximately 11.5 billion yuan, aiming for an annual production of 200,000 tons of high-nickel ternary materials[13] - The company has established a joint venture for a high-nickel project in Indonesia with an annual production capacity of 40,000 tons, with a total investment not exceeding 390 million USD[13] - The company signed a concession agreement for a waste incineration power generation project in Zhijiang City with a scale of 600 tons/day and a concession period of 30 years[12] - The company has signed multiple cooperation agreements for recycling projects, including a framework agreement for the recycling of 100,000 scrapped vehicles and 10,000 tons of power batteries[14] Operational Highlights - The company processed a total of 6.8326 million tons of waste in the first three quarters, a year-on-year increase of 35.5%, with household waste accounting for 6.5219 million tons[11] - The company achieved revenue of 1,881.01 million yuan from its solid waste environmental protection business in the first three quarters[11] - The company has a total of 42 operational and trial operational projects for household waste incineration by the end of the third quarter[11] - The company achieved equipment and EPC service revenue of 1,404.87 million yuan in the first three quarters[12] Government Support and Recognition - The company received government subsidies amounting to ¥4,580,145.52 during the reporting period, contributing to its other income[6] - The company received a central budget investment subsidy of 80 million yuan for pollution control and energy-saving projects[11] - The company received the "Top 100 Main Board Listed Companies Value Award" and the "Top 100 Listed Companies ESG Award" during the 16th China Listed Companies Value Evaluation[16] Research and Development - Research and development expenses rose significantly to CNY 56,353,694.53, up 71.2% from CNY 32,878,066.04 in the previous year[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,884[9] - The largest shareholder, Weiming Group Co., Ltd., holds 41.10% of the shares, totaling 696,373,119 shares[9]