兴源环境(300266) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥263,571,629.57, a decrease of 8.16% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥89,526,433.56, down 53.77% year-on-year, with a year-to-date net profit of -¥330,467,129.31, a decline of 124.54%[5]. - The basic and diluted earnings per share were both -¥0.0576, reflecting a decrease of 55.26% compared to the previous year[5]. - Operating revenue for the current period was RMB 693,419,558.27, a decrease of approximately 26.7% compared to RMB 946,424,421.58 in the previous period[22]. - The net profit for Q3 2023 was -350,422,923.56 CNY, compared to -148,867,377.15 CNY in Q3 2022, indicating a significant increase in losses[24]. - Total comprehensive income for Q3 2023 was -350,422,923.56 CNY, compared to -148,867,377.15 CNY in Q3 2022, showing a worsening trend[25]. - The total profit for Q3 2023 was -393,944,730.29 CNY, compared to -156,642,986.31 CNY in the previous year, reflecting a worsening financial position[24]. - The company reported a total operating profit of -388,036,761.94 CNY for Q3 2023, compared to -156,859,065.48 CNY in Q3 2022, indicating a significant increase in operational losses[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,745,595,090.80, down 4.95% from the end of the previous year[5]. - The company's total liabilities as of September 30, 2023, were RMB 9,445,001,362.22, down from RMB 9,657,089,075.74 at the beginning of the year, indicating a reduction of about 2.2%[21]. - The total equity attributable to shareholders decreased by 25.12% to ¥981,735,714.27 compared to the end of the previous year[5]. - As of September 30, 2023, total current assets amounted to RMB 3,187,494,967.02, a decrease from RMB 3,603,296,187.67 at the beginning of the year, representing a decline of approximately 11.5%[19][20]. Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥99,502,315.96, an improvement of 70.13% compared to the previous year[5]. - The net cash flow from operating activities was -99,502,315.96 CNY, an improvement from -333,165,366.55 CNY in the same period last year[27]. - The company's cash and cash equivalents decreased from RMB 584,858,570.20 at the beginning of the year to RMB 388,993,858.06, a decline of approximately 33.5%[19]. - Cash and cash equivalents at the end of the period were 207,212,227.60 CNY, down from 314,409,510.57 CNY at the end of Q3 2022, a decrease of approximately 34.1%[27]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,290[13]. - The largest shareholder, New Hope Investment Group, holds 23.76% of shares, totaling 369,205,729 shares[13]. - The second-largest shareholder, Shanghai Changfu Investment Management, holds 10.17% of shares, totaling 158,005,112 shares[13]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest two shareholders accounting for over 33%[14]. - The company has a diverse shareholder base, including both institutional and individual investors[14]. Investment and Expenses - Research and development expenses decreased by 31.14% to ¥3,300,370.37, attributed to a reduction in investment due to declining revenue[11]. - The company experienced a 446.33% increase in other expenses, totaling ¥823,080.00, primarily due to increased compensation for breaches of contract[11]. - The company incurred financial expenses of 159,166,109.57 CNY, compared to 86,087,941.37 CNY in the previous year, representing an increase of approximately 84.7%[24]. - Investment income reported a loss of -7,579,710.13 CNY, worsening from a loss of -3,682,824.88 CNY in Q3 2022[24]. Regulatory and Contractual Matters - The company plans to issue 466,142,194 A-shares at a price of RMB 2.59 per share to a specific investor, Caifeng Technology[16]. - The issuance is subject to approval from the China Securities Regulatory Commission, which is currently under investigation[16]. - The company has not received any conclusive opinions or decisions from the regulatory body regarding the ongoing investigation[16]. - The company will continue to cooperate with regulatory authorities and proceed with the capital increase once the investigation concludes[16]. - The company signed a procurement contract with Guoning Ruineng for energy storage equipment worth RMB 282,600,000 on December 27, 2022, but has not yet received the advance payment[17]. - The company plans to continue monitoring the contract with Guoning Ruineng and will disclose any significant changes or risks as they arise[17].