SMHC(600131)2023-10-27 16:00Revenue and Profit Performance - Revenue for the third quarter of 2023 was RMB 1,113,563,749.08, a decrease of 34.00% year-over-year[4] - Net profit attributable to shareholders of the listed company for the third quarter was RMB 92,700,023.53, down 50.73% year-over-year[4] - Basic earnings per share for the third quarter were RMB 0.08, a decrease of 50.00% year-over-year[5] - Total revenue for the first three quarters of 2023 was 3,939,163,838.68, a decrease from 4,634,285,733.73 in the same period of 2022[17] - Net profit attributable to the parent company's shareholders was 2,945,136,130.88, compared to 2,843,194,285.77 in the same period of 2022[16] - Operating profit for Q3 2023 was RMB 318.29 million, a decrease from RMB 456.80 million in the same period last year[18] - Net profit for Q3 2023 was RMB 342.45 million, down from RMB 418.99 million in Q3 2022[18] - Basic and diluted earnings per share for Q3 2023 were RMB 0.28, compared to RMB 0.35 in Q3 2022[19] Assets and Liabilities - Total assets as of the end of the third quarter were RMB 11,629,587,798.41, a decrease of 3.35% compared to the end of the previous year[5] - Total assets as of September 30, 2023, were 11,629,587,798.41, down from 12,032,302,652.52 at the end of 2022[14] - Total liabilities decreased to 5,792,981,883.93 as of September 30, 2023, from 6,297,638,583.15 at the end of 2022[16] - Short-term borrowings decreased to 100,000,000.00 as of September 30, 2023, from 165,000,000.00 at the end of 2022[14] - The company's total equity attributable to shareholders of the listed company increased by 1.78% compared to the end of the previous year[5] Cash Flow and Liquidity - The company's operating cash flow for the first nine months of 2023 was negative RMB 552,400,929.31[5] - Cash and cash equivalents decreased to 1,379,561,077.63 as of September 30, 2023, from 2,324,670,312.62 at the end of 2022[13] - Cash received from sales of goods and services in the first nine months of 2023 was RMB 3.78 billion, a slight increase from RMB 3.63 billion in the same period last year[22] - Net cash flow from operating activities for the first nine months of 2023 was negative RMB 552.40 million, an improvement from negative RMB 734.37 million in the same period last year[22] - Net cash flow from investing activities for the first nine months of 2023 was negative RMB 12.85 million, compared to negative RMB 119.15 million in the same period last year[23] - Net cash flow from financing activities for the first nine months of 2023 was negative RMB 316.25 million, an improvement from negative RMB 348.42 million in the same period last year[23] - Total cash and cash equivalents at the end of Q3 2023 were RMB 1.26 billion, up from RMB 1.03 billion at the end of Q3 2022[23] Operating Costs and Expenses - Total operating costs for the first three quarters of 2023 were 3,685,509,943.34, down from 4,252,035,509.98 in the same period of 2022[17] - R&D expenses increased to 196,960,486.41 in the first three quarters of 2023, up from 154,556,321.27 in the same period of 2022[17] Accounts Receivable and Inventory - Accounts receivable increased to 5,930,741,189.70 as of September 30, 2023, from 5,717,006,945.48 at the end of 2022[13] - Inventory increased significantly to 456,168,794.45 as of September 30, 2023, from 190,692,138.85 at the end of 2022[13] Shareholder Information and Equity - The top shareholder, State Grid Information & Communication Industry Group Co., Ltd., holds 43.82% of the shares[9] - The weighted average return on equity (ROE) for the third quarter was 1.60%, a decrease of 1.98 percentage points year-over-year[5] Government Subsidies and External Factors - The company received government subsidies of RMB 660,277.11 during the reporting period[6] - The decrease in revenue was primarily due to delayed bidding processes, impacting the overall revenue scale[7]