九洲集团(300040) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was CNY 302,714,298.32, representing a decrease of 2.29% compared to the same period last year[4]. - Net profit attributable to shareholders was CNY 24,515,815.38, an increase of 67.61% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 13,615,356.58, up 14.14% from the previous year[4]. - The basic earnings per share increased by 100% to CNY 0.04 compared to CNY 0.02 in the same period last year[5]. - The diluted earnings per share rose by 300% to CNY 0.04 from CNY 0.01 in the previous year[5]. - The net profit attributable to the parent company increased by 97.18% year-on-year, reaching CNY 110,833,389.29, primarily due to the increase in renewable energy power stations held[11]. - The net profit for the period reached CNY 114,046,223.10, representing a significant increase of 83.8% from CNY 62,006,480.22 in the previous year[27]. - The earnings per share (EPS) for the current period was CNY 0.20, compared to CNY 0.11 in the same quarter last year, indicating an increase of 81.8%[28]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 84,224,720.38, a significant increase compared to a negative cash flow of CNY 14,829,412.74 in the same period last year[5]. - Cash received from sales of goods and services increased by 33.45% year-on-year to CNY 885,605,183.65, attributed to repayments from the renewable energy BT Jinhu project[11]. - Cash received from tax refunds surged by 2276.41% year-on-year to CNY 20,916,835.18, mainly due to VAT refunds received during the period[11]. - Cash received from financing activities decreased by 45.83% year-on-year to CNY 289,687,595.67, primarily due to a reduction in financing lease proceeds[12]. - Cash paid for debt repayment increased by 375.68% year-on-year to CNY 289,470,571.20, mainly due to the repayment of working capital loans[12]. - The company reported a net cash flow from operating activities of CNY 84,224,720.38, a significant improvement compared to a negative cash flow in the previous year[11]. - The company experienced a net decrease in cash and cash equivalents of 273,821,212.18 RMB during the quarter[32]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,245,595,363.75, reflecting a slight increase of 0.39% from the end of the previous year[5]. - The total liabilities amounted to CNY 4,556,736,794.50, a decrease from CNY 4,823,144,637.70, showing a reduction of 5.5%[24]. - The total equity attributable to shareholders of the parent company increased to CNY 2,644,231,048.18 from CNY 2,352,946,161.65, marking an increase of 12.4%[24]. - The total non-current liabilities were reported at CNY 3,045,849,692.01[36]. - The total assets of the company reached CNY 7,217,505,486.61[36]. Investments and Expenditures - Cash and cash equivalents decreased by 51.99% to ¥429,523,773.78 due to significant investments in fixed assets and early procurement of straw for biomass power plant operations[10]. - The company plans to acquire a 23.54% stake in the Jiaxing Fund using its own funds of RMB 145.83 million, which will increase its share in the fund to 60% and add 237.50MW of wind and solar capacity to its operations[18]. - The company’s investment activities resulted in a net cash outflow of 639,699,798.95 RMB, indicating ongoing investments in growth[31]. - Total cash outflow from investing activities amounted to 716,852,357.50 RMB, slightly lower than 759,918,238.67 RMB in the previous year[31]. Operational Highlights - The company successfully connected the second 40MW unit of the Qiqihar Jiuzhou Environmental Energy Co., Ltd. biomass cogeneration project to the grid, which is expected to provide approximately 560 million kWh of green electricity annually, meeting the heating needs of 1.07 million square meters in the winter[18]. - The company has signed a cooperation framework agreement with the State Power Investment Corporation to jointly develop biomass cogeneration and smart energy projects, aiming for a separate listing of the joint venture[19]. - The company is currently constructing the Dingbian Tianchi Pond Wind Farm, with major equipment and project bidding completed[19]. Financial Adjustments and Reporting - The company has made adjustments to its previous accounting data due to other reasons, indicating a need for transparency in financial reporting[4]. - The company reported a reclassification of CNY 1,188,264,951.56 from fixed assets to right-of-use assets due to the new leasing standards[39]. - Long-term payables were reclassified to lease liabilities amounting to CNY 1,716,816,727.08[39]. - The implementation of the new leasing standards began on January 1, 2021, affecting the financial reporting[38]. - The company has not undergone an audit for the Q3 report[40].