东方雨虹(002271) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 reached ¥8,508,318,204.12, an increase of 5.41% compared to the same period last year, and a total of ¥25,360,250,325.46 for the year-to-date, up 8.48% year-on-year [5]. - Net profit attributable to shareholders for Q3 2023 was ¥1,019,229,036.10, representing a significant increase of 48.05% year-on-year, with a year-to-date net profit of ¥2,353,499,512.05, up 42.22% [5]. - The basic earnings per share for Q3 2023 was ¥0.41, an increase of 46.43% compared to the same period last year, with a year-to-date figure of ¥0.93, up 40.91% [5]. - Total operating revenue for the period reached ¥25.36 billion, an increase of 8.5% compared to ¥23.38 billion in the previous period [31]. - Net profit for the period was ¥2.35 billion, representing a 43.9% increase from ¥1.64 billion in the same period last year [33]. - The total comprehensive income for the third quarter of 2023 was approximately CNY 2.36 billion, compared to CNY 1.66 billion in the same period last year, representing an increase of about 42% [34]. - Basic and diluted earnings per share for the third quarter were both CNY 0.93, up from CNY 0.66 in the previous year, reflecting a growth of approximately 41% [34]. Assets and Liabilities - The company's total assets at the end of Q3 2023 were ¥49,719,243,647.12, a decrease of 1.65% from the end of the previous year [5]. - The company's total assets decreased to ¥49.72 billion from ¥50.56 billion, a decline of 1.7% [30]. - Total liabilities decreased to ¥20.38 billion from ¥23.37 billion, a reduction of 12.8% [30]. - The equity attributable to shareholders of the parent company increased to ¥28.94 billion, up from ¥26.81 billion, marking a growth of 7.96% [30]. - As of September 30, 2023, the company's total current assets amount to approximately 30.62 billion RMB, a decrease from 32.35 billion RMB at the beginning of the year [28]. Cash Flow - Cash flow from operating activities for the year-to-date was -¥4,759,992,227.88, an increase of 40.22% year-on-year, with cash received from sales increasing by 19.56% compared to the previous year [10]. - Cash inflow from operating activities was CNY 24.65 billion, an increase from CNY 20.56 billion year-on-year, marking a growth of about 20% [35]. - The net cash flow from operating activities was negative CNY 4.76 billion, an improvement from negative CNY 7.96 billion in the same period last year [35]. - Cash outflow from investing activities was CNY 1.34 billion, significantly reduced from CNY 4.19 billion in the previous year, indicating a decrease of approximately 68% [36]. - The net cash flow from financing activities was negative CNY 505.96 million, an improvement from negative CNY 869.02 million year-on-year [36]. - The total cash and cash equivalents at the end of the period stood at CNY 3.27 billion, slightly up from CNY 3.23 billion at the end of the previous year [36]. Investments and Projects - The company has invested 1 billion RMB in the Wuhu City green building materials industry demonstration park project, with a total construction period of 48 months [15]. - The company plans to invest 3 billion RMB in the Guangzhou Huadu District green building materials industry park project, with an expected construction period of 36 months [16]. - The company plans to invest CNY 1 billion in the Hainan Yangpu Green New Materials Comprehensive Industrial Park project, with CNY 50 million allocated for establishing a wholly-owned subsidiary [17]. - In the Chongqing Jiangjin District, the company intends to invest CNY 1.4 billion to build a green building materials production base and regional headquarters, with CNY 50 million for setting up a wholly-owned subsidiary [18]. - The company has committed to invest CNY 900 million in the Shandong Jinan Tianqiao District for a regional headquarters and green building materials production base, with CNY 100 million for establishing a wholly-owned subsidiary [18]. - The Zhangjiagang Green Building Materials Intelligent Production Base project will receive an investment of CNY 2 billion, with CNY 50 million for setting up a wholly-owned subsidiary [20]. - The company plans to invest 2 billion RMB in the Wuhan green building materials production base and Hubei regional headquarters project, focusing on high-end new materials such as polymer waterproof membranes and special mortars [23]. - The company intends to invest 1 billion RMB in the Nanyang green building materials production base project, with each phase estimated to cost 500 million RMB [24]. - The company has signed an investment agreement to invest 1.2 billion RMB in the Fuzhou green building materials production base and regional headquarters project, with each phase also estimated at 600 million RMB [25]. Shareholder Information - The company reported a total shareholding of 571,332,887 shares by Li Weiguo, representing 22.69% of the total shares [13]. - The top ten shareholders include Hong Kong Central Clearing with 273,544,158 shares, accounting for a significant portion of the total shares [14]. - As of September 30, 2023, the company’s repurchase account held 27,866,756 shares, accounting for 1.11% of the total share capital [14]. - The company’s employee stock ownership plan holds 38,175,690 shares through a credit account [14]. - The company’s stock is actively traded, with significant holdings by various institutional investors, including UBS AG and JPMorgan Chase Bank [14]. Operational Highlights - The company reported a retail channel revenue of ¥7,617,000,000, which is a 37.01% increase compared to the previous year [10]. - The company’s long-term borrowings increased by 123.56% to ¥1,215,963,919.89, primarily due to increased operational borrowing [10]. - The company received government subsidies amounting to ¥84,682,514.85 during the quarter, contributing to its financial performance [6]. - The company achieved an investment income of ¥16.22 million, compared to ¥10.07 million in the previous period, showing a year-over-year increase of 60.5% [31]. - Research and development expenses for the period were ¥395.70 million, slightly up from ¥378.83 million, indicating a focus on innovation [31]. - The company has established a wholly-owned subsidiary in Wuhu for the implementation of the green building materials project [15]. - The company has established a wholly-owned subsidiary for the VAE emulsion and VAEP powder project, with a total investment of CNY 1 billion for the project [22]. - The company is actively pursuing multiple projects across various regions, indicating a strategic focus on expanding its production capabilities and market presence [20]. - The Hainan Yangpu project has already been put into production, showcasing the company's commitment to its investment plans [17]. - The Chongqing Jiangjin District project has partially commenced production, indicating progress in the company's expansion efforts [18]. Other Information - The company's cash and cash equivalents decreased from approximately 10.54 billion RMB at the beginning of the year to about 4.16 billion RMB [28]. - Accounts receivable increased significantly from approximately 10.88 billion RMB to about 15.10 billion RMB [28]. - The company did not report any net profit from subsidiaries prior to consolidation during the current and previous periods [34]. - The third quarter report was not audited, indicating that the figures are preliminary and subject to change [37].