Jovo Energy(SH:605090)2023-10-23 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥8,492,185,360.53, representing a year-on-year increase of 17.15%[8] - Net profit attributable to shareholders for Q3 2023 was ¥418,550,876.72, up 39.88% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥407,739,238.31, an increase of 34.11% year-on-year[8] - Basic earnings per share for Q3 2023 were ¥0.68, up 41.67% year-on-year[8] - Total operating revenue for the first three quarters of 2023 was CNY 19.54 billion, a decrease of 3.3% compared to CNY 20.21 billion in the same period of 2022[40] - Basic earnings per share for the reporting period was CNY 41.67[51] - Net profit for the period reached ¥1,141,518,798.08, compared to ¥942,376,528.52 in the previous year, reflecting an increase of about 21.1%[70] - The total comprehensive income for the period was ¥1,146,448,212.83, compared to ¥935,386,479.79, reflecting an increase of approximately 22.5%[73] Asset and Liability Management - The total assets at the end of the reporting period were ¥15,114,919,705.53, reflecting a 33.65% increase compared to the end of the previous year[8] - The company's total current assets rose to ¥8,950,388,888.97, a significant increase from ¥6,419,278,032.67, marking a growth of approximately 39.4%[61] - The total liabilities of the company reached approximately RMB 7.13 billion, up from RMB 4.13 billion in the previous period, reflecting a significant increase[39] - The total liabilities increased to ¥3,895,969,274.25, compared to ¥2,590,553,428.38, reflecting a growth of about 50.4%[61] - The total equity attributable to shareholders rose to approximately RMB 7.66 billion, compared to RMB 6.94 billion previously, showing a growth of about 10.4%[39] Cash Flow Analysis - Cash flow from operating activities for the year-to-date period was ¥1,384,514,309.53, reflecting a 13.25% increase compared to the same period last year[8] - In the first three quarters of 2023, the cash inflow from operating activities was CNY 20,824,335,702.58, a decrease of 1.01% compared to CNY 21,037,815,764.86 in the same period of 2022[74] - The net cash flow from operating activities increased to CNY 1,384,514,309.53, up by 13.27% from CNY 1,222,519,823.35 in the previous year[77] - Cash inflow from investment activities totaled CNY 988,453,752.00, while cash outflow was CNY 2,891,461,434.57, resulting in a net cash flow of -CNY 1,903,007,682.57, compared to -CNY 398,128,805.53 in 2022[77] - The cash inflow from financing activities was CNY 4,342,986,975.59, an increase of 51.8% from CNY 2,857,101,198.12 in the same period last year[79] - The net cash flow from financing activities was CNY 1,500,388,202.47, significantly up from CNY 336,015,662.86 in 2022[80] - The ending balance of cash and cash equivalents reached CNY 5,302,455,125.16, compared to CNY 4,224,168,147.63 at the end of the previous year[80] Operational Highlights - LNG sales volume increased by over 30% year-on-year, driven by lower gas prices and growing demand from commercial and gas power plant users[10] - The helium business achieved a production and sales volume of 96,000 cubic meters in Q3 2023, marking an 85% increase year-on-year[12] - The company has been actively expanding its underground natural gas service business, currently operating nearly 100 gas wells with a positive long-term growth trend[11] - The company has rapidly increased its operational natural gas wells to nearly 100, indicating a strong medium to long-term growth trend[35] - The company is accelerating its energy service business and special gas business layout, indicating a strategic focus on expanding these areas[33] - The company has strengthened its technical capabilities and core competitiveness in natural gas auxiliary extraction and low-efficiency well management through the integration of Henan Zhongneng[35] - Revenue from energy logistics services reached CNY 76.8 million in Q3 2023, a significant increase of 75% year-on-year[45] Investment and Acquisitions - The company completed the acquisition of a 70% stake in Henan Zhongneng Energy Technology Co., enhancing its capabilities in natural gas auxiliary extraction services[55] - The company signed a share cooperation agreement to acquire a 70% stake in Hunan Aierxi Technology Development Co., expanding its presence in the industrial gas sector[57] Cost Management - Total operating costs for the first three quarters of 2023 were CNY 18.16 billion, down 4.8% from CNY 19.08 billion in the same period of 2022[40] - The company reported a net investment loss of CNY 52.9 million for the first three quarters of 2023, compared to a gain of CNY 9.15 million in the same period of 2022[40] - The company reported a significant increase in cash paid to employees, totaling CNY 228,145,380.44, compared to CNY 141,311,029.98 in the previous year[77] - The cash paid for taxes amounted to CNY 204,713,781.05, an increase from CNY 140,809,095.64 in the same period last year[77] - The company experienced a decrease in cash received from tax refunds, which was CNY 2,918,392.41 compared to CNY 121,693,614.22 in the same period of 2022[74]