中原环保(000544) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was CNY 1,798,755,891, a decrease of 2.51% compared to CNY 1,845,161,700 in the same period last year[4]. - Net profit attributable to shareholders for Q3 2023 was CNY 238,809,860, down 9.89% from CNY 265,020,970 in the previous year[4]. - The basic earnings per share for Q3 2023 was CNY 0.2450, a decrease of 9.89% from CNY 0.2719 in the same period last year[4]. - The net profit for Q3 2023 was CNY 872,177,264.14, an increase of 30.2% compared to CNY 670,202,094.02 in Q3 2022[24]. - The total revenue for Q3 2023 reached CNY 1,518,818,912.31, compared to CNY 1,569,387,659.72 in the same period last year, indicating a slight decrease[25]. - The basic and diluted earnings per share for Q3 2023 were both CNY 0.8582, up from CNY 0.6473 in Q3 2022, reflecting a growth of 32.5%[25]. - The company reported a total profit of CNY 961,543,628.00 for Q3 2023, up from CNY 739,925,850.35 in Q3 2022, representing a growth of 30%[24]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was CNY 1,763,254,700, an increase of 15.41% compared to CNY 2,084,432,800 in the same period last year[4]. - The cash flow from operating activities showed a net outflow of CNY -1,763,254,777.29, an improvement from CNY -2,084,432,898.56 in the previous year[26]. - The company incurred a net cash outflow from investing activities of CNY -945,932,190.91, compared to CNY -888,524,100.68 in the same period last year[26]. - The financing activities generated a net cash inflow of CNY 1,575,902,334.90, a decrease from CNY 3,064,866,843.34 in Q3 2022[26]. - The cash and cash equivalents at the end of Q3 2023 were CNY 2,819,995,839.71, down from CNY 4,145,017,700.59 at the end of Q3 2022[26]. - The total assets as of September 30, 2023, were CNY 36,407,097,558, reflecting a 7.40% increase from CNY 33,899,746,880 at the end of the previous year[4]. - Non-current assets totaled CNY 28,535,618,039.70, an increase from CNY 26,657,815,133.99, marking a growth of 7.0%[20]. - Current assets rose to CNY 7,871,479,518.74 from CNY 7,241,931,746.40, reflecting an increase of 8.7%[19]. - Total liabilities increased to CNY 28,030,365,197.80 from CNY 21,802,972,250.98, representing a growth of 28.5%[21]. Equity and Shareholder Information - The company's total equity attributable to shareholders decreased by 33.26% to CNY 7,485,688,126.72 from CNY 11,216,435,657.52 at the end of the previous year[4]. - The total number of ordinary shareholders at the end of the reporting period was 28,130[13]. - The largest shareholder, Zhengzhou Public Utilities Investment Development Group, holds 68.73% of the shares[13]. Operational Changes and Investments - The company completed the acquisition of 100% of Zhengzhou Wastewater Purification Co., making it a wholly-owned subsidiary[15]. - The company has implemented changes in accounting policies affecting the financial statements, including adjustments to deferred tax assets and liabilities[5]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[22]. Costs and Expenses - Total operating costs decreased to CNY 4,365,292,785.03 from CNY 4,644,059,306.15, representing a reduction of approximately 6.0%[22]. - The gross profit margin improved, with operating costs as a percentage of revenue decreasing from 88.7% to 83.0%[22]. - Research and development expenses increased to CNY 66,297,989.49, up from CNY 57,221,418.59, indicating a growth of 15.5% year-over-year[22]. - Financial expenses rose by 46.82% to ¥567,020,758.82, attributed to increased financing for ongoing projects and the acquisition of purification company shares[11]. - Other income dropped by 81.41% to ¥38,365,556.06, as last year's income included government grants related to purification operations[11]. - The company received tax refunds of ¥8,953,614.31, a decrease of 96.26% compared to the previous year due to lower VAT refunds[11]. Receivables and Payables - Accounts receivable increased by 80.64% to CNY 3,777,604,694.66 as of September 30, 2023, compared to CNY 2,091,192,151.35 at the end of the previous year[10]. - Inventory increased by 124.15% to ¥113,250,382.78 due to ongoing project advancements and increased contract performance costs[11]. - Short-term borrowings decreased by 43.19% to ¥500,433,611.11 as the company repaid more short-term loans this year[11]. - Other payables surged by 3456.08% to ¥3,301,194,150.18, primarily due to the remaining payment and interest for the acquisition of purification company shares[11].