SPNG(002267)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 1,200,528,000, a decrease of 1.65% compared to CNY 1,218,960,000 in the same period last year[4] - The net profit attributable to shareholders for Q3 2023 was CNY -60,926,970, representing a significant decline of 354.73% from CNY -13,471,810 in the previous year[4] - The basic earnings per share for Q3 2023 was CNY -0.0548, a decrease of 356.67% compared to CNY -0.0121 in the same period last year[4] - The company experienced a significant decline in net profit margin, with a year-to-date net profit margin of -49.29% compared to 9.20% in the previous year[4] - The net profit for Q3 2023 was CNY 319,024,771.83, a decrease of 48.5% compared to CNY 618,291,469.23 in Q3 2022[22] - Operating profit for Q3 2023 was CNY 369,951,302.04, down 49.3% from CNY 729,892,590.00 in the same period last year[22] - The company reported a total profit of CNY 368,723,585.31 for Q3 2023, a decrease of 49.3% from CNY 726,588,469.68 in the previous year[22] Assets and Liabilities - The total assets at the end of Q3 2023 were CNY 12,468,755,933.02, reflecting a decrease of 4.35% from CNY 13,036,346,792.71 at the end of the previous year[4] - Total liabilities decreased to CNY 5,826,794,049.04 from CNY 6,424,861,010.83, a decline of 9.3%[19] - Non-current liabilities increased to CNY 1,351,264,070.50 from CNY 1,160,483,450.07, an increase of 16.4%[19] - The company's cash and cash equivalents decreased to CNY 821,314,741.44 from CNY 1,045,809,304.76 at the beginning of the year, representing a decline of 21.5%[18] - Accounts receivable decreased to CNY 195,685,569.20 from CNY 268,127,247.07, a reduction of 27.0%[18] - Total assets as of September 30, 2023, were CNY 12,468,755,933.02, down from CNY 13,036,346,792.71 at the beginning of the year, reflecting a decrease of 4.4%[19] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 460,147,400, down 42.62% from CNY 801,950,200 in the same period last year[4] - Cash flow from operating activities for Q3 2023 was CNY 460,147,488.24, a decline of 42.7% compared to CNY 801,950,221.76 in Q3 2022[25] - Investment activities generated a net cash outflow of CNY 374,993,935.30 in Q3 2023, compared to a net outflow of CNY 289,722,829.81 in Q3 2022[25] - Financing activities resulted in a net cash outflow of CNY 298,446,587.89 in Q3 2023, an improvement from a net outflow of CNY 601,227,085.20 in the same period last year[25] Shareholder Information - The total equity attributable to shareholders at the end of Q3 2023 was CNY 6,350,104,968.63, showing a slight increase of 0.40% from CNY 6,324,946,265.85 at the end of the previous year[4] - The number of ordinary shareholders at the end of the reporting period was 31,529[12] - The largest shareholder, Shaanxi Gas Group Co., Ltd., holds 64.43% of the shares[12] Operational Highlights - The company has not reported any new product developments or market expansions in the current quarter[4] - There were no significant mergers or acquisitions reported during this period[4] - The company completed a profit distribution plan, distributing 3.00 RMB per 10 shares based on a total share capital of 1,112,075,445 shares[15] - The company established a new wholly-owned subsidiary, Yichuan City Natural Gas Co., Ltd., following a division of its subsidiary[16] - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[21] Cost and Expenses - Total operating costs amounted to CNY 4,714,449,979.39, down 19.2% from CNY 5,836,862,270.79 in the prior period[21] - Investment income dropped by 41.26% to 2,515.78 million, due to reduced profits from joint ventures[10] - Credit impairment losses increased significantly by 848.82% to -1,780.02 million, reflecting provisions for bad debts[10] - Prepayments decreased by 62.03% to 11,669.25 million due to reduced advance payments for upstream resources during the off-season[10] - Other current assets fell by 71.47% to 2,007.76 million, attributed to a decrease in input VAT credits[10] - Short-term borrowings increased by 44.44% to 64,955.64 million, as borrowings exceeded repayments[10] - Long-term borrowings surged by 149.56% to 100,209.13 million, driven by higher borrowings than repayments[10]