SUNSEA(002313)2023-10-27 16:00Financial Performance - The company's revenue for Q3 2023 was ¥751,363,435.49, a decrease of 12.39% compared to the same period last year[5] - Total operating revenue for Q3 2023 was ¥2,065,152,253.96, a decrease of 16.3% compared to ¥2,467,573,291.89 in Q3 2022[20] - The net profit attributable to shareholders was -¥67,592,748.58, representing an increase in losses of 87.04% year-on-year[5] - Net profit for Q3 2023 was -¥174,638,690.91, an improvement from -¥844,425,851.44 in Q3 2022[21] - The company reported a total comprehensive loss of -¥191,978,315.19 for Q3 2023, compared to -¥843,119,016.75 in the same quarter last year[21] - Basic and diluted earnings per share for Q3 2023 were -¥0.4662, an improvement from -¥2.2495 in Q3 2022[21] Cash Flow and Liquidity - The net cash flow from operating activities was ¥14,605,730.82, showing a significant increase of 105.20% compared to the previous year[10] - Cash flow from operating activities generated a net amount of ¥14,605,730.82, compared to a negative cash flow of -¥280,803,132.33 in the previous year[24] - Cash and cash equivalents at the end of Q3 2023 were ¥217,949,634.73, down from ¥256,617,923.54 at the end of Q3 2022[25] - The company’s cash flow from investing activities resulted in a net outflow of -¥23,175,658.32, compared to -¥1,732,894.39 in the previous year[24] - Cash flow from financing activities showed a net outflow of -¥34,980,423.53, an improvement from -¥134,266,196.31 in Q3 2022[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,129,943,710.87, down 15.37% from the end of the previous year[5] - Current assets decreased to RMB 2,687,964,953.14 from RMB 3,338,457,338.03, reflecting a decline of approximately 19.5%[18] - Total liabilities decreased to RMB 3,666,648,783.87 from RMB 4,224,943,950.45, a reduction of about 13.2%[19] - The company's total equity decreased to RMB 463,294,927.00 from RMB 655,273,242.19, reflecting a decline of about 29.2%[19] Inventory and Expenses - The company's inventory decreased by 34.65% to ¥489,631,666.90, primarily due to consumption of prior inventory in the module sector[10] - The company reported a decrease in financial expenses by 36.01% to ¥62,254,622.68, attributed to increased foreign exchange gains and reduced interest expenses[10] - Total operating costs for Q3 2023 were ¥2,166,843,855.19, down 23.2% from ¥2,821,754,445.21 in the same period last year[20] - Research and development expenses for Q3 2023 were ¥186,828,463.35, a decrease of 24.8% from ¥248,318,559.35 in Q3 2022[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,928[11] - The largest shareholder, Run Da Tai, has committed to waive voting rights for 103,872,550 shares, representing 27.74% of the total share capital, for a period of three years[15] Regulatory and Governance - The company is currently under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[15] - The board of directors announced the third quarter report on October 28, 2023[26] Accounting and Reporting - The third quarter report of the company is unaudited[26] - The company will implement new accounting standards starting from 2023[26] - The financial statement adjustments related to the new accounting standards will be reflected in the first year of implementation[26] Missing Information - There are no specific performance summaries or user data provided in the document[26] - Future outlook and performance guidance are not detailed in the document[26] - Information regarding new product and technology development is not mentioned[26] - Market expansion and mergers or acquisitions are not discussed in the document[26] - Other new strategies are not outlined in the content[26] - The document does not provide any numerical data or percentages related to performance[26]