上峰水泥(000672) - 2022 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2022 was CNY 1,618,501,264.43, a decrease of 22.82% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2022 was CNY 139,058,706.25, down 76.00% year-on-year[4] - The total sales volume for the first nine months was 14.16 million tons, a decline of 9.64% compared to the previous year[11] - The company reported a net profit of CNY 874 million for the first three quarters, a decrease of 46.48% year-on-year[12] - Operating revenue for the period was 5.163 billion, a decrease of 9.27% year-on-year, primarily due to lower sales volume and prices of cement products[35] - Net profit for the period was ¥874,334,230.25, down 46.6% from ¥1,633,539,978.93 in the previous period[69] - Earnings per share (EPS) for the period was ¥0.87, compared to ¥1.98 in the previous period[70] - The total comprehensive income for the period was ¥867,422,211.77, down from ¥1,634,023,079.06 in the previous period[70] Production and Sales - The company produced 1,081 million tons of cement in the first nine months, a decrease of 53,000 tons year-on-year[11] - The total operating costs increased to ¥3,889,835,084.06, up 5.13% from ¥3,699,708,569.44 in the previous period[65] Assets and Liabilities - The total assets at the end of the reporting period were CNY 15,953,657,948.19, an increase of 5.48% from the end of the previous year[4] - The total assets amounted to ¥15,953,657,948.19, an increase from ¥15,125,420,566.46 in the previous period[64] - The company's total liabilities reached CNY 6,841,474,110.10, up from CNY 6,093,378,010.59, marking an increase of about 12.2%[60] - The company's equity attributable to shareholders was CNY 975,185,779.00, an increase from CNY 813,619,871.00, reflecting a growth of approximately 20%[60] Cash Flow - The company’s cash flow from operating activities for the first nine months was CNY 1,037,602,277.34, down 32.30% year-on-year[4] - The net cash flow from operating activities decreased by 32.30% to 1.037 billion, mainly due to a decline in operating profit[45] - Total cash inflow from investment activities was $791,417,118.20, down 44.4% from $1,424,124,356.33 in the prior period[75] - Cash outflow from investment activities totaled $1,939,586,855.84, a decrease of 39.3% compared to $3,200,448,826.71 last period[75] - Net cash flow from financing activities was -$69,419,184.03, contrasting with a positive cash flow of $9,638,225.35 in the previous period[77] Investments and R&D - Research and development expenses surged by 1031.88% to 135.71 million, reflecting increased investment in low-emission and new material technologies[39] - The company reported a significant increase in long-term equity investments by 35.75% to 1.030 billion, reflecting ongoing investments in new economic sectors[24] - Long-term equity investments increased to CNY 1,029,898,636.42 from CNY 758,690,209.45, reflecting a growth of approximately 35.6%[58] Inventory and Receivables - Inventory increased by 32.13% to 1.347 billion, driven by higher cement and coal stock levels[22] - The accounts receivable decreased by 23.10% to 414.11 million, while the prepayments increased significantly by 166.07% to 305.99 million[16] - The inventory value as of September 30, 2022, was CNY 1,347,966,043.75, up from CNY 1,020,159,174.67, indicating an increase of about 32.1%[55] - The company reported a decrease in accounts receivable to CNY 305,144,662.09 from CNY 300,508,237.76, a slight increase of about 1.3%[55] Strategic Initiatives - The company is advancing its "one main and two wings" development strategy, focusing on cement and building materials, while also expanding into new economic sectors[13] - The company has initiated construction on its first solar energy storage project, expected to be operational by the end of the year[13]