旺能环境(002034) - 2022 Q3 - 季度财报

Financial Performance - Revenue for Q3 2022 was CNY 863,960,803.63, a decrease of 35.81% year-over-year, while year-to-date revenue was CNY 2,328,862,513.10, down 5.32%[5] - Net profit attributable to shareholders for Q3 2022 was CNY 205,550,771.54, an increase of 35.42% year-over-year, with year-to-date net profit at CNY 540,034,219.30, up 11.66%[5] - The company reported a basic earnings per share of CNY 0.48 for Q3 2022, representing a 41.18% increase year-over-year[5] - Total revenue for the first nine months of 2022 was CNY 2,328,862,513.10, a decrease of 5.32% compared to CNY 2,459,654,109.95 in the same period of 2021[15] - Total operating revenue for Q3 2022 was ¥2,328,862,513.10, a decrease of 5.3% compared to ¥2,459,654,109.95 in the same period last year[32] - Net profit for Q3 2022 reached ¥550,843,905.09, an increase of 14.4% compared to ¥481,329,809.84 in Q3 2021[34] - The company reported a total profit of ¥605,358,510.90, up 14.7% from ¥527,716,641.95 in the same quarter last year[34] Assets and Liabilities - Total assets as of the end of Q3 2022 were CNY 14,175,610,922.88, reflecting an increase of 11.85% compared to the beginning of the year[8] - The company’s equity attributable to shareholders increased by 7.93% to CNY 5,805,356,886.56[8] - The company's total liabilities reached ¥8,187,427,475.80, up from ¥7,267,075,714.92, reflecting a growth of about 12.6%[30] - The company's current liabilities rose to ¥2,346,560,448.53 from ¥1,982,032,601.20, indicating an increase of about 18.4%[30] - Long-term borrowings increased to ¥4,066,420,810.67 from ¥3,519,474,479.58, which is an increase of approximately 15.6%[30] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 644,816,544.91, down 28.92% compared to the previous year[5] - Cash flow from operating activities was ¥644,816,544.91, a decrease of 29.0% compared to ¥907,106,652.16 in Q3 2021[37] - Total cash inflow from operating activities was ¥2,127,964,394.51, an increase from ¥1,873,950,706.08 year-on-year[37] - Total cash inflow from financing activities amounted to $1,050,157,713.92, compared to $146,115,293.84 in the previous period[40] - Net cash flow from financing activities was $290,270,136.59, a significant improvement from a negative $460,828,236.94 in the prior period[40] - The net increase in cash and cash equivalents was negative $324,729,060.09, compared to negative $734,877,956.95 previously[40] Investments and Acquisitions - Research and development expenses rose by 94.44% to CNY 63,800,848.62, indicating increased investment in environmental technology, particularly in the lithium battery sector[14] - The company acquired 77% equity of Nantong Huili Rubber Co., Ltd. for CNY 33,110,000, which was completed on August 16, 2022[23] - The company established a new subsidiary, Huzhou Green Lake Environmental Technology Co., Ltd., with an investment of ¥12 million, holding an 80% stake[25] - The company terminated the acquisition of 100% equity of Huaxi Energy Environmental Power (Zhaotong) Co., Ltd. on July 19, 2022[24] Revenue Breakdown - Revenue from household waste disposal increased by 5.00% to CNY 1,584,433,281.81, accounting for 68.03% of total revenue[15] - Revenue from kitchen waste disposal surged by 43.06% to CNY 259,764,017.49, representing 11.15% of total revenue[15] - Revenue from BOT project construction plummeted by 70.43% to CNY 206,811,831.60, down from CNY 699,306,559.08 in the previous year[15] Operational Metrics - The company completed a total power generation of 2,134,306,000 kWh and an online power generation of 1,788,278,400 kWh in the first nine months of 2022[23] - The average online electricity price was CNY 0.55 per kWh (excluding tax) during the reporting period[23] - The company has 19 operational power plants and 31 ongoing projects with a total capacity of 20,870 tons[23] Inventory and Receivables - Accounts receivable increased by 40.52% to CNY 1,065,777,423.70, driven by projects included in the renewable resource subsidy list[14] - Inventory surged by 443.94% to CNY 106,173,830.66, primarily due to the acquisition of Lixin New Materials[14] - The company's cash and cash equivalents decreased to ¥689,247,521.88 from ¥1,018,727,081.97, reflecting a decline of about 32.3%[28] - The company reported a significant increase in inventory, which rose to ¥106,173,830.66 from ¥19,519,412.42, indicating a growth of approximately 442.5%[28]