Zhengping Road & Bridge (SH:603843)2024-03-29 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥555,196,406.18, a decrease of 47.18% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥104,664.53, down 99.46% year-on-year, while the net profit after deducting non-recurring gains and losses was a loss of ¥3,131,896.93, a decrease of 116.74%[5]. - The basic earnings per share for the period were ¥0.0044, down 83.52% compared to the same period last year[6]. - The weighted average return on equity was 0.0052%, a decrease of 1.17 percentage points year-on-year[6]. - The company experienced a 48.21% decline in operating income year-to-date due to project suspensions and insufficient commencement of work caused by the pandemic[10]. - Total operating revenue for the first three quarters of 2022 was CNY 1,500,611,778.66, a decrease of 48.3% compared to CNY 2,897,551,630.92 in the same period of 2021[25]. - Operating profit for the first three quarters of 2022 was CNY 34,247,594.89, a decline of 63.8% from CNY 94,735,822.00 in 2021[26]. - The company reported a net profit of CNY 21,576,616.74 for the first three quarters of 2022, compared to CNY 74,615,104.68 in the same period of 2021[24]. - Net profit attributable to shareholders of the parent company for Q3 2022 was CNY 21,214,726.76, a decrease of 67.24% compared to CNY 64,960,117.34 in Q3 2021[27]. - Total comprehensive income for Q3 2022 was CNY 21,576,616.74, down 71.16% from CNY 74,615,104.68 in Q3 2021[27]. Assets and Liabilities - The total assets at the end of the reporting period were ¥9,044,171,214.81, representing a decrease of 6.69% from the end of the previous year[6]. - Total assets as of September 30, 2022, were CNY 9,044,171,214.81, a decrease from CNY 9,692,294,299.62 at the end of 2021[22]. - Current assets totaled CNY 5,621,272,121.63 as of September 30, 2022, down from CNY 6,525,118,618.61 at the end of 2021[22]. - Current liabilities increased to CNY 6,180,803,196.23 as of September 30, 2022, compared to CNY 6,723,247,454.50 at the end of 2021[23]. - Non-current liabilities decreased to CNY 651,200,689.08 as of September 30, 2022, from CNY 771,995,957.94 at the end of 2021[23]. - The total liabilities increased to CNY 5,663,973,988.08 from CNY 4,899,026,187.58, marking an increase of approximately 15.6%[31]. - The total equity increased to CNY 2,003,176,035.81 from CNY 1,962,506,065.01, reflecting a growth of 2.1%[32]. Cash Flow - Cash flow from operating activities for the first three quarters of 2022 was CNY 2,533,172,222.22, a decrease of 24.14% compared to CNY 3,342,328,118.22 in the same period of 2021[29]. - Net cash flow from operating activities for Q3 2022 was negative CNY 90,415,163.67, compared to negative CNY 79,580,574.40 in Q3 2021[29]. - Cash flow from investing activities for the first three quarters of 2022 was negative CNY 156,461,437.23, an improvement from negative CNY 510,258,905.61 in the same period of 2021[29]. - Cash flow from financing activities for Q3 2022 was negative CNY 122,355,184.39, compared to positive CNY 433,182,992.33 in Q3 2021[29]. - The net cash flow from operating activities was -111,989,266.28 RMB in 2022, an improvement from -199,738,523.70 RMB in the same period of 2021, indicating a reduction in cash outflow[35]. - Total cash inflow from operating activities decreased to 1,256,696,440.27 RMB in 2022 from 1,744,318,046.07 RMB in 2021, representing a decline of approximately 28%[35]. - The net cash flow from financing activities was 20,582,632.10 RMB in 2022, a significant decrease compared to 226,790,203.73 RMB in 2021, reflecting tighter financing conditions[36]. - The ending balance of cash and cash equivalents decreased to 61,990,578.30 RMB in 2022 from 227,626,730.03 RMB in 2021, indicating liquidity challenges[36]. Shareholder Information - The company distributed a cash dividend of RMB 0.024 per share, totaling RMB 16,790,957.69, based on a total share capital of 699,623,237 shares[14]. - The actual controller and associated parties plan to reduce their holdings by up to 36,748,324 shares, representing 5.2526% of the total shares[18]. - During the reporting period, the actual controller reduced holdings by 13,200,000 shares, accounting for 1.8867% of the total shares[18]. - As of the end of the reporting period, the total number of pledged shares by the controlling shareholder and associated parties was 264,561,291 shares, representing 37.8148% of the total share capital[19]. - The company has 40,064 common stock shareholders at the end of the reporting period[12]. Investment and Financing Activities - Investment income increased by 422.85% due to higher profits from joint ventures[10]. - Cash flow from investment activities increased by 69.34% due to reduced cash outflows for fixed assets and other long-term assets[10]. - The company approved the temporary use of up to RMB 190,000,000 of idle raised funds to supplement working capital, with a repayment period not exceeding 12 months[15]. - As of September 5, 2022, the company had fully repaid the RMB 190,000,000 used for temporary working capital back to its special account for raised funds[16]. - The company received CNY 2,750,000.00 from investment in Q3 2022, significantly lower than CNY 449,799,966.55 in Q3 2021[29]. - The company received 1,149,264,010.45 RMB from other financing activities in 2022, compared to 999,331,390.67 RMB in 2021, showing an increase of about 15%[35].