Jovo Energy(SH:605090)2022-10-24 16:00Financial Performance - The company's operating revenue for the third quarter reached ¥7,248,777,214.02, representing a year-on-year increase of 44.80%[3] - The net profit attributable to shareholders for the third quarter was ¥299,216,357.37, reflecting a growth of 41.21% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥304,027,422.32, up by 38.30% year-on-year[3] - The basic earnings per share for the third quarter was ¥0.48, an increase of 41.18% compared to the same period last year[3] - The total revenue for the first three quarters of 2022 reached ¥20,208,063,013.72, a significant increase of 73.4% compared to ¥11,639,564,738.07 in the same period of 2021[21] - The net profit for the first three quarters of 2022 was ¥1,039,829,279.40, compared to ¥699,940,471.86 in 2021, indicating a growth of 48.8%[23] - The total profit for the first three quarters of 2022 is CNY 1,065,124,083, compared to CNY 702,877,862.60 in the same period of 2021, representing an increase of approximately 51.5%[25] - The net profit attributable to the parent company's shareholders for the first three quarters of 2022 is CNY 940,784,693.89, up from CNY 609,046,168.50 in 2021, reflecting a growth of about 54.2%[25] - The basic and diluted earnings per share for the first three quarters of 2022 are both CNY 1.52, compared to CNY 1.09 in the same period of 2021, indicating an increase of approximately 39.4%[26] Assets and Liabilities - The total assets of the company reached ¥10,951,322,231.09, marking a 41.42% increase compared to the previous year[5] - The total assets increased to ¥10,951,322,231.09 in 2022 from ¥7,744,089,715.16 in 2021, representing a growth of 41.5%[21] - The total liabilities rose to ¥4,275,692,390.40 in 2022, compared to ¥1,819,297,512.92 in 2021, marking an increase of 134.8%[21] - The total equity attributable to shareholders was ¥6,486,609,936.28, which is a 13.04% increase year-on-year[5] - The total owner's equity increased to ¥6,675,629,840.69 in 2022 from ¥5,924,792,202.24 in 2021, reflecting an increase of 12.7%[21] Cash Flow - The company reported a net cash flow from operating activities of ¥224,433,838.21 for the third quarter[3] - Cash inflow from operating activities for the first three quarters of 2022 is CNY 21,037,815,764.86, compared to CNY 12,216,617,152.67 in 2021, marking a growth of around 72.3%[27] - The net cash flow from operating activities for the first three quarters of 2022 is CNY 1,222,519,823.35, a significant improvement from a net outflow of CNY 11,675,318.74 in 2021[28] - The total cash and cash equivalents at the end of the third quarter of 2022 is CNY 4,224,168,147.63, compared to CNY 2,935,743,178.59 at the end of the same period in 2021, showing an increase of approximately 43.9%[29] - The company reported a significant increase in cash and cash equivalents, reaching RMB 4,874,487,795.08 as of September 30, 2022, compared to RMB 3,167,821,774.86 on December 31, 2021, reflecting a growth of approximately 54%[18] Investments and Acquisitions - The company is actively pursuing the acquisition of 100% equity in Sen Tai Energy, with a total cash payment of RMB 600 million and additional payments through shares and convertible bonds amounting to RMB 120 million for the project[14] - The company has successfully completed the audit and evaluation of the target company for the acquisition, with the transaction being reviewed by the China Securities Regulatory Commission[15] - The company plans to issue convertible bonds to raise up to RMB 120 million to support the acquisition and related expenses[14] Operational Highlights - The company experienced significant growth in LNG product sales, contributing to the overall revenue increase[8] - The company aims to enhance its LNG business strategy by expanding upstream resource acquisition and improving service capabilities in the LNG and LPG sectors[13] - The company is focusing on optimizing its operational model and resource allocation during this critical development phase[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 58,179, with the top ten shareholders holding a significant portion of the shares[9] - The first phase of the employee stock ownership plan was implemented, involving 7,539,000 shares, which accounts for 1.13% of the company's total share capital[16] Other Financial Metrics - The company's accounts receivable increased to RMB 976,207,297.01 as of September 30, 2022, up from RMB 548,091,262.84 at the end of 2021, indicating a growth of approximately 78%[18] - The company’s other receivables increased to RMB 101,639,599.28 as of September 30, 2022, compared to RMB 32,531,722.27 at the end of 2021, showing a growth of approximately 212%[18] - The company’s trading financial assets decreased significantly to RMB 4,002,538.09 from RMB 23,282,524.78, indicating a reduction of approximately 83%[18] - The company reported a financial expense of -¥107,784,537.58 in 2022, a notable change from the previous year's expense of ¥15,741,337.23[23] - The cash outflow from investing activities for the first three quarters of 2022 is CNY 1,359,586,855.11, compared to CNY 1,243,455,346.34 in 2021, indicating an increase of approximately 9.3%[28] - The net cash flow from financing activities for the first three quarters of 2022 is CNY 336,015,662.86, down from CNY 3,016,916,464.54 in 2021, reflecting a decrease of about 88.9%[29]