BGE(SH:603588)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 reached ¥2,113,858,917.07, representing a year-on-year increase of 24.76%[7] - Net profit attributable to shareholders for the same period was ¥193,133,775.26, reflecting a growth of 34.17% compared to the previous year[7] - The net profit after deducting non-recurring gains and losses was ¥182,777,364.98, which is an increase of 33.51% year-on-year[7] - Basic earnings per share for Q3 2021 were ¥0.182, up 32.85% from the same period last year[9] - Total operating revenue for the first three quarters of 2021 reached ¥5,485,317,880.16, a 27.1% increase from ¥4,317,577,626.53 in the same period of 2020[34] - Net profit for the first three quarters of 2021 was ¥642,043,106.86, representing a 40.2% increase compared to ¥457,830,993.44 in 2020[36] - Earnings per share (EPS) for the first three quarters of 2021 was ¥0.552, compared to ¥0.424 in the same period of 2020, reflecting a 30.2% increase[38] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥17,191,999,164.13, an increase of 11.42% compared to the end of the previous year[9] - The company's total assets reached approximately CNY 17.19 billion, an increase from CNY 15.43 billion at the end of 2020, representing a growth of about 11.4%[23] - The company's current assets totaled CNY 6.99 billion, up from CNY 5.95 billion at the end of 2020, indicating a growth of approximately 17.5%[23] - The company's total liabilities amounted to ¥11,204,477,000.78, compared to ¥10,095,834,149.05 in the previous year, showing a growth in leverage[34] - The total liabilities of the company were not explicitly stated, but the increase in current liabilities suggests a potential rise in financial leverage[27] Cash Flow - The company reported a net cash flow from operating activities of ¥406,775,800.70 for the year-to-date, showing a decline of 22.69% year-on-year[9] - The net cash flow from operating activities was 406,775,800.70, a decrease of 22.7% compared to 526,167,881.21 from the previous period[42] - Total cash outflow from operating activities amounted to 5,703,527,875.53, up 40.4% from 4,063,875,370.90[42] - The net cash flow from investing activities was -1,197,524,015.85, an improvement from -1,682,473,228.46 in the previous period[42] - Cash inflow from financing activities totaled 2,415,073,536.47, slightly down by 1.0% from 2,440,553,991.53[42] - The net cash flow from financing activities was 353,416,158.25, a decrease of 70.3% compared to 1,187,423,436.93[42] Shareholder Information - The company had a total of 27,321 common shareholders at the end of the reporting period, with the largest shareholder holding 19.82% of the shares[16] - The total equity attributable to shareholders reached ¥5,354,127,250.80, marking a 13.19% increase from the previous year[9] - The total equity attributable to shareholders reached ¥5,354,127,250.80, up from ¥4,730,324,558.30, indicating a strengthening of the company's financial position[34] Operational Insights - The increase in net profit is primarily attributed to the successful development of solid waste and hazardous waste resource utilization business, along with an increase in the number of operational waste incineration plants[14] - Research and development expenses increased to ¥129,785,442.00, up from ¥112,341,794.46, indicating a focus on innovation[34] - The company has not disclosed any new product developments or market expansion strategies during this reporting period[22] Other Financial Metrics - Non-recurring gains and losses for the reporting period totaled ¥10,356,410.28, with government subsidies contributing significantly to this figure[10] - The company reported a significant increase in investment income to ¥91,212,471.82, compared to ¥73,728,008.22 in the previous year, reflecting improved investment performance[34] - The cash and cash equivalents decreased to CNY 953.28 million from CNY 1.30 billion, a decline of about 26.5%[23] - Accounts receivable increased to CNY 987.10 million, compared to CNY 868.70 million in the previous year, reflecting a growth of approximately 13.6%[23] - Inventory rose significantly to CNY 1.79 billion, up from CNY 1.20 billion, marking an increase of about 49.7%[23] - Short-term borrowings surged to CNY 2.71 billion, compared to CNY 1.52 billion, representing an increase of approximately 78.9%[27] - The company's long-term equity investments increased to CNY 910.10 million from CNY 870.12 million, a growth of about 4.6%[27] - The company reported a significant increase in contract assets to CNY 1.97 billion, up from CNY 1.68 billion, indicating a growth of approximately 17.2%[23]