长城电工(600192) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥576,544,927.31, a decrease of 14.35% compared to the same period last year[5] - The net profit attributable to shareholders was -¥18,472,108.37, representing a significant decline of 67.13% year-on-year[5] - The basic earnings per share for the period was -¥0.0418, a decrease of 67.13% compared to the same period last year[6] - Total revenue for the first three quarters of 2023 was approximately $1.64 billion, a decrease from$1.69 billion in the same period of 2022, representing a decline of about 3.1%[19] - The net loss for the first three quarters of 2023 was approximately $58.53 million, compared to a net loss of$32.95 million in the same period of 2022, marking an increase in losses of about 77.5%[20] - The total comprehensive loss for the first three quarters of 2023 was approximately $66.08 million, compared to a loss of$40.57 million in 2022, indicating an increase of about 62.8%[20] - Basic and diluted earnings per share for the first three quarters of 2023 were both -$0.1176, compared to -$0.0704 in the same period of 2022[20] - The company’s total profit (loss) for the first three quarters of 2023 was approximately -$58.14 million, compared to -$33.15 million in 2022, indicating a deterioration of about 75.5%[19] Cash Flow and Liquidity - The cash flow from operating activities showed a net outflow of -¥97,239,043.24, but improved by 1.06% compared to the previous year[5] - The net cash flow from operating activities for the first three quarters of 2023 was -CNY 3,315,669, compared to -CNY 60,209,076 in the same period of 2022, indicating a reduced cash outflow[23] - The cash outflow from operating activities totaled CNY 1,684,636,116 in the first three quarters of 2023, compared to CNY 1,478,305,828 in the same period of 2022, reflecting an increase of approximately 14%[23] - The cash inflow from sales and services received was CNY 1,351,215,517, an increase from CNY 1,246,022,336 in the same period of 2022, representing an increase of approximately 8.5%[23] - The cash and cash equivalents at the end of the third quarter of 2023 amounted to CNY 210,584,865, a decrease from CNY 321,396,125 at the end of the same period in 2022[23] - The cash and cash equivalents decreased to RMB 349,795,698.69 from RMB 379,364,118.69, a decline of about 7.8%[15] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,042,779,798.90, reflecting a 2.39% increase from the end of the previous year[6] - Total liabilities reached RMB 3,526,156,408.35, compared to RMB 3,341,680,444.10 at the end of 2022, indicating an increase of about 5.5%[16] - The company's current assets totaled RMB 3,698,879,427.41, up from RMB 3,615,038,011.15 at the end of 2022, representing a growth of approximately 2.3%[15] - The company's total equity attributable to shareholders decreased by 3.85% to ¥1,505,631,340.54 compared to the previous year[6] - The company's total equity was RMB 1,516,623,390.55, down from RMB 1,583,535,625.80 at the end of 2022, reflecting a decrease of approximately 4.2%[16] - The total liabilities to total assets ratio stands at approximately 69.9%, compared to 67.8% at the end of 2022, indicating a slight increase in leverage[16] Research and Development - The company’s research and development expenses increased by ¥1,064.35 million, indicating a focus on enhancing product development[10] - Research and development expenses increased to approximately $74.23 million in 2023 from$63.59 million in 2022, reflecting a growth of about 16.5%[19] Government Support and Investments - The company received government subsidies amounting to ¥5,000 million, contributing to the improvement in cash flow from operating activities[10] - The company reported an investment income of approximately $2.29 million in 2023, a significant improvement from a loss of approximately$1.69 million in 2022[19] - The company received CNY 483,000 in investment income during the first three quarters of 2023, consistent with the same amount received in 2022[23] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[10] Credit and Impairment - The company experienced a credit impairment loss of approximately -$21.75 million in 2023, compared to -$798,187.14 in 2022, indicating a worsening in credit quality[19]