联泰环保(603797) - 2022 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2022 was CNY 254,887,058.37, representing a year-on-year increase of 27.25%[3] - The net profit attributable to shareholders for the same period was CNY 79,918,435.78, reflecting a growth of 17.72% compared to the previous year[3] - The net profit after deducting non-recurring gains and losses was CNY 77,160,573.64, which is an increase of 13.83% year-on-year[3] - The company reported a year-to-date operating revenue of CNY 733,185,790.90, which is up 29.37% from the same period last year, driven by several projects entering commercial operation[3][9] - The year-to-date net profit attributable to shareholders reached CNY 215,776,265.46, marking an 18.68% increase year-on-year[3] - Total revenue for the first three quarters of 2022 reached ¥733,185,790.90, an increase from ¥566,731,161.15 in the same period of 2021, representing a growth of approximately 29.4%[25] - Operating profit for the first three quarters of 2022 was ¥257,578,547.80, compared to ¥230,168,135.68 in the previous year, indicating an increase of about 11.9%[26] - Net profit for the first three quarters of 2022 was ¥220,237,016.45, up from ¥188,032,851.00 in 2021, reflecting a growth of approximately 17.1%[26] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 10,065,827,407.59, showing a 3.11% increase from the end of the previous year[5] - Total assets as of the end of Q3 2022 amounted to ¥10,065,827,407.59, compared to ¥9,762,198,639.35 at the end of Q3 2021, showing an increase of about 3.1%[23] - Total liabilities increased to ¥7,182,953,922.50 in Q3 2022 from ¥6,769,107,401.84 in Q3 2021, marking a rise of approximately 6.1%[23] - Long-term borrowings rose to ¥5,174,327,296.99 in Q3 2022, compared to ¥4,980,291,775.97 in Q3 2021, indicating an increase of approximately 3.9%[23] - The company’s total equity decreased to ¥2,882,873,485.09 in Q3 2022 from ¥2,993,091,237.51 in Q3 2021, reflecting a decline of approximately 3.7%[23] Cash Flow - The cash flow from operating activities for the year-to-date was negative at CNY -70,544,277.42, primarily due to the receipt of VAT refunds[3][9] - In the first three quarters of 2022, the cash inflow from operating activities was CNY 692,576,656.09, an increase of 30.2% compared to CNY 532,225,771.45 in the same period of 2021[29] - The net cash flow from operating activities was -CNY 70,544,277.42, an improvement from -CNY 201,863,321.27 in the first three quarters of 2021[31] - The cash outflow for investing activities was CNY 267,557,231.81, significantly reduced from CNY 890,526,799.12 in the previous year[31] - The net cash flow from financing activities was CNY 130,424,834.04, a decrease from CNY 1,706,280,181.06 in the same period of 2021[33] - The total cash and cash equivalents at the end of the period were CNY 687,556,654.32, down from CNY 1,020,923,079.14 at the end of the third quarter of 2021[33] Operational Highlights - The company experienced a 46.72% increase in operating costs year-to-date, attributed to increased project operational scale and higher material and energy costs[9] - The company has ongoing projects such as the Changsha Yuelu Phase III expansion and several projects in Shantou, contributing to revenue growth[9] - The company received approval for the commercial operation of the sewage treatment plant project in Chao Yang District starting May 1, 2022[16] - The company’s subsidiary signed a supplementary agreement for the operation of the Changsha Yue Lu sewage treatment plant, indicating ongoing expansion in service contracts[19] Shareholder and Governance - The company plans to acquire equity stakes in three project companies for a total consideration of RMB 173.77 million, enhancing its market presence[16] - The company’s actual controllers hold a combined 100% stake through Guangdong Lian Tai Group, ensuring strong governance and strategic direction[15] - The company’s stock repurchase plan includes 7.89 million shares, representing 1.35% of the total share capital, reflecting a commitment to shareholder value[15] Inventories and Receivables - The company’s total current assets include inventory valued at RMB 8.44 million, an increase from RMB 5.45 million in the previous year[20] - Accounts receivable increased significantly to RMB 575.59 million, compared to RMB 196.36 million at the end of 2021, marking an increase of approximately 193%[20] Patent and Development - The company’s patent rights for three utility models were terminated, which may impact future product development strategies[16]