RiseSun(002146)2023-10-30 16:00Revenue and Profit - The company's operating revenue for the third quarter reached ¥11,181,188,838.25, representing an increase of 18.64% compared to the same period last year[5]. - Year-to-date operating revenue totaled ¥34,000,453,381.06, which is a 41.89% increase from ¥23,961,785,808.61 in the previous year[9]. - The net profit attributable to shareholders for the third quarter was ¥739,846,496.45, marking a 102.89% increase year-over-year[5]. - The net profit attributable to shareholders for the year-to-date period was ¥2,992,881,507.89, reflecting a 104.33% increase compared to the previous year[5]. Cash Flow and Assets - The company's cash flow from operating activities for the year-to-date period was ¥2,312,518,554.53, an increase of 146.03% compared to the previous year[5]. - The total assets at the end of the reporting period were ¥249,651,367,255.10, a decrease of 8.20% from the previous year[5]. - The company's cash and cash equivalents decreased by 39.15% to ¥5,600,533,051.55 compared to the beginning of the year, primarily due to payments for project costs and loan repayments[9]. - The company's current assets totaled ¥207,181,692,097.97, a decrease of 8.7% from ¥226,858,679,230.76 at the start of the year[20]. - The company's total liabilities were ¥203,759,042,140.74, down from ¥224,574,793,709.33, indicating a reduction of 9.3%[22]. Expenses and Income - The company reported a decrease in sales expenses by 33.35% to ¥766,430,816.10, attributed to reduced marketing costs[9]. - The company’s management expenses decreased by 32.51% to ¥918,667,895.31, reflecting lower management costs during the reporting period[9]. - Other income from the beginning of the year to the end of the reporting period is CNY 36,376,534.11, a decrease of 37.67% compared to the same period last year[11]. - Investment income from the beginning of the year to the end of the reporting period is CNY -105,089,333.17, a decrease of 116.36% compared to the same period last year[11]. - Fair value change income from the beginning of the year to the end of the reporting period is CNY -51,342,282.58, an increase of 64.14% compared to the same period last year[11]. - Asset disposal income from the beginning of the year to the end of the reporting period is CNY 32,527,366.01, an increase of 4062.31% compared to the same period last year[11]. - Income tax expense from the beginning of the year to the end of the reporting period is CNY 393,975,312.93, an increase of 8871.46% compared to the same period last year[11]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 139,238[11]. - The top shareholder, Rongsheng Holdings Co., Ltd., holds 21.83% of shares, amounting to 949,090,228 shares, with significant pledges and freezes[11]. Financial Transactions and Acquisitions - The company has initiated a share issuance to acquire 68.39% of Rongsheng Mengguli New Energy Technology Co., Ltd. from Rongsheng Holdings[16]. - The company is actively progressing with due diligence, auditing, and evaluation related to the asset acquisition transaction[16]. Financial Performance in Q3 2023 - Total operating costs for Q3 2023 were CNY 32.32 billion, up from CNY 26.33 billion in Q3 2022, representing a 22.7% increase[25]. - Net profit for Q3 2023 was CNY 637.25 million, compared to a net loss of CNY 2.83 billion in Q3 2022, marking a significant turnaround[26]. - The company's operating profit for Q3 2023 was CNY 1.12 billion, a recovery from an operating loss of CNY 2.67 billion in the same period last year[25]. - Cash flow from operating activities showed a net outflow of CNY 1.06 billion in Q3 2023, a decline from a net inflow of CNY 2.31 billion in Q3 2022[29]. - Revenue from sales of goods and services received in Q3 2023 was CNY 10.61 billion, down from CNY 21.74 billion in Q3 2022, indicating a 51.1% decrease[29]. - The company reported a basic and diluted earnings per share of CNY 0.03 for Q3 2023, recovering from a loss of CNY 0.69 per share in Q3 2022[26]. - Other comprehensive income after tax for Q3 2023 was a loss of CNY 178.89 million, compared to a loss of CNY 431.02 million in Q3 2022[26]. - The total comprehensive income for Q3 2023 was CNY 458.37 million, a significant improvement from a loss of CNY 3.26 billion in Q3 2022[26]. - The company incurred financial expenses of CNY 1.59 billion in Q3 2023, compared to CNY 1.41 billion in Q3 2022, reflecting a 12.5% increase[25]. - Investment losses for Q3 2023 amounted to CNY 105.09 million, a stark contrast to investment gains of CNY 642.39 million in Q3 2022[25]. Cash Flow from Investment and Financing Activities - The net cash flow from investment activities was -85,553,323.88 CNY, indicating a significant outflow compared to the previous period's inflow of 3,506,325,563.47 CNY[30]. - The net cash flow from financing activities was -2,089,590,122.21 CNY, a decrease from the previous period's net outflow of 13,521,348,673.35 CNY[30]. - The total cash and cash equivalents at the end of the period amounted to 5,525,035,149.81 CNY, down from 10,472,811,322.09 CNY in the previous period[30]. - The company received cash inflows from financing activities totaling 1,501,623,805.27 CNY, compared to 1,003,567,114.84 CNY in the previous period[30]. - Cash outflows for debt repayment were 2,813,565,744.62 CNY, significantly higher than the previous period's outflow of 11,491,422,339.27 CNY[30]. - The company reported cash inflows from investment activities totaling 67,021,633.93 CNY, while cash outflows were 152,574,957.81 CNY[30]. Accounting and Reporting Changes - The company has not yet audited the third-quarter report, which may affect the reliability of the financial data presented[31]. - The company began implementing new accounting standards in 2023, which may impact financial reporting and comparisons[31]. - The company’s cash and cash equivalents decreased by 3,237,526,486.80 CNY during the quarter, reflecting ongoing financial challenges[30].