ECH(603200)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥136,276,214.86, a decrease of 16.16% compared to the same period last year[3] - Net profit attributable to shareholders was ¥14,695,635.42, showing a significant increase of 705.15% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥14,195,282.09, an increase of 589.16% compared to the previous year[3] - Basic earnings per share for the period was ¥0.08, up 697.17% year-on-year[4] - Total revenue for the first three quarters of 2023 was CNY 380,738,393.47, a decrease of 19.0% compared to CNY 469,734,290.93 in the same period of 2022[23] - The net profit for Q3 2023 was CNY 37,381,592.29, a decrease of 23.3% compared to CNY 48,828,157.07 in Q3 2022[24] - The total profit for Q3 2023 was CNY 41,567,892.42, down 25.1% from CNY 55,523,228.22 in the same period last year[24] - The operating profit for Q3 2023 was CNY 37,421,240.92, a decline of 30.2% from CNY 53,598,472.08 in Q3 2022[24] - The basic and diluted earnings per share for Q3 2023 were both CNY 0.21, down from CNY 0.30 in Q3 2022[25] - The company reported a net profit margin decline due to increased operating costs and R&D expenses, impacting overall profitability[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,403,700,721.42, representing a 2.23% increase from the end of the previous year[4] - Total assets as of September 30, 2023, amounted to CNY 1,403,700,721.42, compared to CNY 1,373,105,249.92 at the end of 2022, reflecting a growth of 2.2%[19] - Total liabilities decreased to CNY 413,829,800.06 from CNY 422,283,680.96, a reduction of 2.7%[19] - The company's equity increased to CNY 989,870,921.36 as of September 30, 2023, compared to CNY 950,821,568.96 at the end of 2022, representing a growth of 4.1%[19] Cash Flow - The cash flow from operating activities for the year-to-date was -¥1,488,285.63, a decrease of 160.97% compared to the same period last year[3] - Cash flow from operating activities for the first three quarters of 2023 was CNY 390,671,178.92, a decrease from CNY 422,549,626.00 in the same period of 2022[26] - The net cash flow from operating activities for Q3 2023 was CNY -1,488,285.63, compared to CNY 2,440,892.16 in Q3 2022[27] - The net cash flow from investing activities for Q3 2023 was CNY -30,204,462.04, compared to CNY -1,555,507.43 in Q3 2022[27] - The net cash flow from financing activities for Q3 2023 was CNY 58,626,563.79, an increase from CNY -740,618.48 in Q3 2022[28] - Cash and cash equivalents as of September 30, 2023, were CNY 311,627,519.16, an increase of 9.9% from CNY 283,399,741.51 at the end of 2022[18] - The cash and cash equivalents at the end of Q3 2023 were CNY 302,592,822.78, up from CNY 220,601,817.60 at the end of Q3 2022[28] Shareholder Information - The company reported a total of 19,449 ordinary shares outstanding at the end of the reporting period[11] - Wang Wei holds 71,223,662 shares, representing 40.85% of total shares, with 17,232,750 shares pledged[11] - The top ten shareholders include notable entities such as Shanghai Tiancheng Investment Management Co., holding 3,480,000 shares (2.00%)[11] - The company has a total of 888,633 shares held by Shanghai Huixu Equity Investment Management Partnership, representing 0.51%[12] - The company’s major shareholders include individuals and investment funds, with the top ten shareholders holding significant stakes in the company[12] Business Operations and Strategy - The company reported a significant increase in net profit due to the completion of the Sinopec Sichuan gas field water treatment equipment project and a notable growth in civil equipment sales and installation[8] - Research and development expenses increased significantly, particularly in advanced materials, impacting the net profit for the year-to-date period[8] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[8] - The company is actively expanding its business operations and services, including environmental protection and technical consulting[15] - Shanghai Peakba Engineering Technology Co., a wholly-owned subsidiary, has updated its business scope to include various technical and environmental services as of September 7, 2023[15] Share Issuance - The company is in the process of issuing shares to specific investors, pending approval from the China Securities Regulatory Commission[14] - The company has made updates and revisions to its share issuance application documents in response to the progress of the issuance project[14] - The company has disclosed that the issuance of shares is progressing in an orderly manner, but the timeline for approval remains uncertain[14]