TUS-EST(SZ:000826)2022-12-04 07:02Financial Performance - As of Q3 2017, total assets reached 32 billion, a 40% increase from the beginning of the year [1] - Net assets amounted to 14.4 billion, reflecting a 75% year-on-year growth [1] - Main business revenue for the first nine months was 6.524 billion, up 22% compared to the same period last year [1] - Net profit for the same period was 830 million, with a net profit excluding non-recurring gains and losses of 789 million, representing increases of 16% and 12.59% respectively [1] Cash Flow and Receivables - Cash and cash equivalents at the end of Q3 stood at 6.58 billion, indicating strong cash flow from main business operations [1] - Accounts receivable rose from 3.26 billion to 3.8 billion, with 1.8 billion (approximately 45%) attributed to state subsidies for recycling resources [1] Business Segmentation - Revenue from solid waste management was approximately 3.1 billion, split evenly between construction income and equipment integration [2] - Water services generated around 400 million in revenue [2] - Integrated sanitation operations contributed nearly 1.2 billion, with recycling operations showing significant improvement in both revenue and profit [2] Future Outlook - The sanitation industry is projected to have a market capacity of around 100 billion, with an expected increase in orders in 2018 [2] - The company anticipates a significant reduction in financial expenses due to improved asset conditions following a private placement [2] - Current operational income from waste-to-energy projects is about 130 million, with several projects in the construction phase expected to contribute more significantly by 2020 [2]