Financial Performance - The company's revenue for Q3 2023 was CNY 327,742,570.09, a decrease of 23.44% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 was CNY 67,875,305.39, an increase of 7.08% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was CNY 65,418,907.26, up 8.27% from the previous year[5]. - The company's operating revenue for the first nine months of 2023 was approximately ¥1.065 billion, a decrease of 4.75% compared to ¥1.118 billion in the same period of 2022, primarily due to a 45.74% decline in project construction revenue[10]. - Total operating revenue for the period was CNY 1,065,258,883.34, a decrease of 4.8% compared to CNY 1,118,323,654.74 in the previous period[21]. - Net profit for the period was CNY 238,942,933.03, an increase of 19.1% from CNY 200,609,668.14 in the previous period[22]. Assets and Liabilities - The total assets as of September 30, 2023, were CNY 6,504,619,984.66, reflecting a 0.24% increase from the end of the previous year[5]. - As of September 30, 2023, the total current assets amounted to CNY 2,091,101,437.14, a decrease from CNY 2,427,951,403.13 at the beginning of the year[17]. - The company's cash and cash equivalents decreased to CNY 1,156,883,028.05 from CNY 1,756,437,642.01 at the beginning of the year, reflecting a decline of approximately 34.1%[17]. - The total non-current liabilities increased to CNY 1,557,311,850.07 from CNY 1,396,260,107.26, representing an increase of approximately 11.5%[19]. - Total liabilities amounted to CNY 2,887,770,998.30, down from CNY 3,039,619,702.35 in the previous period[22]. Cash Flow - Cash flow from operating activities for the year-to-date was CNY 283,849,958.63, an increase of 2.48%[5]. - The total cash inflow from operating activities for the period was CNY 883,749,652.25, an increase of 20.2% compared to CNY 735,335,646.85 in the previous period[23]. - Cash inflow from investment activities reached CNY 994,020,908.35, significantly higher than CNY 50,172,855.82 in the previous year[23]. - The net cash flow from investment activities was -CNY 607,836,503.25, an improvement from -CNY 1,375,002,936.91 year-over-year[23]. - Cash inflow from financing activities totaled CNY 394,984,956.70, down from CNY 1,661,981,818.17 in the previous period[24]. - The net cash flow from financing activities was -CNY 283,798,257.35, compared to a positive CNY 1,329,465,424.97 in the same period last year[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 52,577, with the largest shareholder, Zhongke Industrial Group, holding 57.75% of shares[11]. - The company has a total of 854,705,900 shares subject to restrictions as of the end of the reporting period, with a significant portion expected to be released in the future[14]. Operational Highlights - The company reported a significant increase in prepayments by 220.30%, amounting to CNY 41,583,041.61, primarily due to increased payments for equipment and raw material procurement[9]. - Inventory increased by 57.04% to CNY 76,269,958.18, attributed to the purchase of equipment and raw materials for environmental protection projects[9]. - The company recorded non-recurring gains of CNY 2,456,398.13 for the current period, with total non-recurring gains year-to-date amounting to CNY 10,141,187.50[6]. - The company reported a significant increase in cash received from investment income, up 4254.78% to approximately ¥5.09 million[10]. - The company plans to continue expanding its market presence and investing in new technologies to enhance its competitive edge[14]. Tax and Expenses - The company’s tax expenses increased by 33.64% to approximately ¥50.81 million, reflecting higher profits[10]. - The cash outflow for repaying debts increased by 150.86% to approximately ¥523.33 million, indicating a focus on debt repayment[10]. - Research and development expenses were CNY 18,925,822.94, slightly down from CNY 19,827,227.30 in the previous period[21]. - Financial expenses decreased to CNY 42,799,290.31 from CNY 57,245,268.92 in the previous period[21]. - Other income for the period was CNY 25,744,372.35, down from CNY 32,271,365.55 in the previous period[22]. Recognition and Achievements - The company was recognized as a "Beijing Municipal Enterprise Technology Center" in October 2023, indicating a focus on technological advancement[15]. - The company successfully passed the AAA-level assessment for its municipal solid waste incineration power generation project in October 2023, enhancing its operational credibility[15].
中科环保(301175) - 2023 Q3 - 季度财报