2022-10-30 16:00Financial Performance - The company's revenue for Q3 2022 was ¥814,873,901.83, a decrease of 17.35% compared to the same period last year[4]. - The net profit attributable to shareholders was -¥110,656,799.46, representing a decline of 317.91% year-over-year[4]. - The net profit after deducting non-recurring gains and losses was -¥120,538,385.99, down 440.53% from the previous year[4]. - Total operating revenue for the current period reached ¥2,848,333,653.36, an increase of 7.83% compared to ¥2,642,161,075.64 in the previous period[20]. - Net profit for the current period was a loss of ¥129,769,434.25, compared to a profit of ¥171,757,862.24 in the previous period, representing a significant decline[21]. - Operating profit turned negative at ¥-130,041,551.49, down from ¥206,572,143.40 in the previous period[21]. - The total comprehensive income for the current period was a loss of ¥129,788,137.62, compared to a gain of ¥171,766,681.60 in the previous period[22]. - Basic and diluted earnings per share were both ¥-0.10, down from ¥0.18 in the previous period, reflecting the company's financial challenges[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥12,492,384,235.57, an increase of 5.75% compared to the end of the previous year[5]. - As of September 30, 2022, the company's total current assets increased to CNY 3,572,115,945.84 from CNY 2,977,328,966.77 at the beginning of the year, representing a growth of approximately 20%[16]. - The company's cash and cash equivalents rose significantly to CNY 1,019,340,092.93, up from CNY 550,421,369.21, indicating an increase of about 85%[16]. - Accounts receivable increased to CNY 1,089,489,354.08 from CNY 1,022,764,012.55, reflecting a growth of approximately 6.5%[16]. - Total liabilities reached CNY 7,263,385,627.93, compared to CNY 6,365,414,669.75 at the beginning of the year, marking an increase of about 14.1%[18]. - The company's total non-current liabilities rose to CNY 3,196,257,965.74 from CNY 2,559,893,053.71, indicating an increase of about 25%[18]. - The company's total equity attributable to the owners of the parent company decreased to CNY 4,467,151,631.92 from CNY 4,604,919,557.97, reflecting a decline of about 3%[19]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥184,219,857.17, a decrease of 28.13% compared to the same period last year[4]. - Cash flow from operating activities generated ¥184,219,857.17, a decrease from ¥256,341,301.95 in the previous period[23]. - Cash and cash equivalents at the end of the period totaled ¥1,017,639,452.50, an increase from ¥536,682,976.35 at the end of the previous period[24]. Research and Development - The company increased its R&D investment, with development expenditures rising by 40.73% to ¥22,109,796.35[9]. - Research and development expenses rose to ¥114,638,442.49, up from ¥99,592,897.45 in the previous period, indicating increased investment in innovation[20]. Operational Challenges - The company faced a significant decline in hazardous waste collection and disposal prices due to increased competition and reduced waste generation[6]. - The company is implementing cost reduction measures across various aspects, including production and human resources, to mitigate profit declines[6]. - The company plans to expand its collection volume and adopt more flexible market strategies to ensure operational cash flow[6]. Inventory and Other Assets - The company's inventory increased to CNY 681,452,914.97 from CNY 550,901,693.78, representing a growth of approximately 23.7%[16]. - Non-current assets totaled CNY 8,920,268,289.73, slightly up from CNY 8,835,881,696.96, indicating a growth of about 1%[17]. - The company's short-term borrowings decreased significantly to CNY 1,057,050,000.00 from CNY 1,944,231,778.18, a reduction of approximately 45.4%[18]. - The company reported a significant increase in cash and cash equivalents, up 85.19% to ¥1,019,340,092.93, primarily due to the receipt of short-term financing[9].