巴安水务(300262) - 2022 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2022 was ¥77,637,365.46, representing a slight increase of 0.38% compared to the same period last year, but a significant decrease of 38.05% year-to-date[5]. - The net profit attributable to shareholders for Q3 2022 was a loss of ¥38,411,997.09, a decrease of 25.04% year-on-year, and a year-to-date loss of ¥165,214,087.89, down 111.56% compared to the previous year[5]. - The basic and diluted earnings per share for Q3 2022 were both -¥0.0574, reflecting a 23.02% improvement from the previous quarter, but a year-to-date decline of 116.38%[5]. - Total operating revenue for the current period is ¥200,342,412.80, a decrease of 38.1% from ¥323,390,287.00 in the previous period[20]. - Net profit for the current period is -¥170,956,284.68, compared to -¥84,896,698.58 in the previous period, indicating a worsening of 101.5%[21]. - The basic and diluted earnings per share for the current period are both -¥0.2467, compared to -¥0.1140 in the previous period, indicating a decline in profitability[21]. - The company’s total comprehensive income for the current period is -¥144,497,380.30, worsening from -¥88,500,507.01 in the previous period[21]. Assets and Liabilities - The total assets at the end of Q3 2022 were ¥3,793,059,683.63, a decrease of 2.38% from the end of the previous year[5]. - The company's current liabilities totaled CNY 2,580,975,914.28, down from CNY 2,881,006,598.86 at the beginning of the year, indicating a reduction of approximately 10.4%[18]. - The total liabilities increased to CNY 3,433,376,049.60 from CNY 3,381,472,885.98, reflecting an increase of about 1.5%[18]. - The company's equity attributable to shareholders decreased from CNY 552,899,540.28 to CNY 410,118,637.94, a decline of approximately 25.7%[18]. - The cash and cash equivalents decreased from CNY 124,023,017.34 to CNY 91,118,151.81, representing a decline of about 26.5%[17]. - The accounts receivable decreased from CNY 180,555,554.81 to CNY 149,706,702.09, a reduction of approximately 17.1%[17]. - The total current assets decreased from CNY 841,922,099.55 to CNY 755,191,190.09, a decline of approximately 10.3%[17]. - The long-term borrowings increased significantly from CNY 281,215,213.23 to CNY 631,428,990.67, reflecting an increase of about 124.5%[18]. Cash Flow - The company reported a cash flow from operating activities of ¥19,255,361.43 year-to-date, which is a decrease of 52.45% compared to the same period last year[5]. - Cash flow from operating activities generated a net amount of ¥19,255,361.43, down 52.5% from ¥40,494,175.06 in the previous period[23]. - The cash and cash equivalents at the end of the period increased to ¥39,950,180.72 from ¥37,485,603.51, a rise of 3.9%[23]. Government Support and Regulatory Issues - The company received government subsidies amounting to ¥354,765.21 in the current period, contributing to its non-operating income[7]. - The company received a warning letter from the Shanghai Securities Regulatory Bureau due to significant discrepancies in the net profit forecast for 2021 compared to the annual report[15]. Market and Operational Challenges - The company attributed the 38.05% decline in year-to-date revenue primarily to the impact of COVID-19 and liquidity issues, resulting in slower project execution and fewer new orders[10]. - The company has not reported any significant new product developments or market expansion strategies in this quarter[10]. - The company announced the termination of the contract for the Kathmandu Valley Water Supply Improvement Project in Nepal, indicating a setback in international expansion efforts[16]. Financial Expenses and Income - The company reported a significant increase in financial expenses, with interest expenses rising to ¥104,346,799.72 from ¥78,361,381.18, an increase of 33.2%[20]. - The company recorded an investment income of ¥44,616,550.03, up from ¥34,565,199.87, representing a growth of 29.8%[20]. - Other comprehensive income after tax for the current period is ¥26,458,904.38, compared to -¥3,603,808.43 in the previous period, showing a significant recovery[21].