SNBC(002376)2023-10-27 16:00Revenue and Profitability - The company's revenue for Q3 2023 was ¥596,929,669.42, representing a 9.67% increase year-over-year, while the year-to-date revenue decreased by 5.27% to ¥1,558,777,149.11[7] - The net profit attributable to shareholders for Q3 2023 was -¥17,066,419.11, a decrease of 22.83% compared to the same period last year, and a significant decline of 146.36% year-to-date to -¥6,260,134.86[7] - The company's basic and diluted earnings per share for Q3 2023 were both -¥0.03, reflecting a 50% decrease year-over-year[7] - The net profit margin for Q3 2023 was -2.86%, indicating a challenging profitability environment[7] - Total operating revenue for the period was CNY 1,558,777,149.11, a decrease of 5.3% compared to CNY 1,645,450,639.15 in the previous period[22] - Net profit for the period was CNY 9,958,752.97, significantly lower than CNY 39,612,899.27 in the previous period, indicating a decline of 74.8%[24] - The company reported a basic and diluted earnings per share of -0.0100, compared to 0.0200 in the previous period[24] Cash Flow and Management - The cash flow from operating activities for the year-to-date period increased by 179.13% to ¥232,537,720.62, indicating improved cash management[14] - The net cash flow from operating activities for Q3 2023 was ¥232,537,720.62, a significant improvement compared to a net outflow of ¥293,854,888.90 in Q3 2022[26] - Total cash inflow from operating activities was ¥1,771,039,338.51, while total cash outflow was ¥1,538,501,617.89, indicating a healthy operational cash generation[26] - The company received ¥44,518,381.49 in tax refunds during Q3 2023, contributing to its cash inflow[26] - The company reported a decrease in cash paid to employees, totaling ¥407,592,493.04 in Q3 2023 compared to ¥423,509,081.93 in Q3 2022[26] - Cash inflow from financing activities was ¥334,790,682.81, with cash outflow totaling ¥931,978,573.17, leading to a net cash flow of -¥597,187,890.36 for the quarter[26] - Total cash inflow from investment activities was ¥156,766,697.92, while cash outflow was ¥165,279,005.29, resulting in a net cash flow of -¥8,512,307.37 for Q3 2023[26] Assets and Liabilities - The total assets as of September 30, 2023, were ¥5,375,159,798.82, down 8.15% from the end of the previous year[7] - The company's total current assets as of September 30, 2023, amount to ¥2,302,326,912.43, a decrease from ¥2,785,915,532.67 at the beginning of the year[20] - The total liabilities decreased to CNY 1,990,294,888.54 from CNY 2,280,171,483.82, a reduction of 12.7%[23] - The company's total liabilities decreased by 8.15% compared to the previous year, reflecting a reduction in short-term borrowings[11] - The total equity attributable to shareholders of the parent company was CNY 3,149,633,066.36, down from CNY 3,307,093,926.43, a decrease of 4.8%[23] - The company's total assets decreased to CNY 5,375,159,798.82 from CNY 5,852,252,130.63, reflecting a decline of 8.1%[23] Investments and Income - The company reported a significant decrease in investment income, down 31.43% year-over-year, primarily due to a large provision made by a subsidiary[12] - The company received government subsidies amounting to ¥1,938,332.33 during the quarter, contributing to other income[8] - The cash received from investment income was ¥29,079,131.50, down from ¥41,942,420.65 in the previous year[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 30,139[16] - The largest shareholder, Weihai Beiyang Electric Group Co., Ltd., holds 14.30% of shares, totaling 92,738,540 shares, with 25,800,000 shares pledged[16] Other Financial Metrics - The company experienced a 36.68% decrease in cash and cash equivalents, primarily due to dividend distributions[11] - Cash and cash equivalents decreased to ¥583,617,770.85 from ¥921,670,778.69 at the beginning of the year[19] - Accounts receivable decreased to ¥649,406,864.29 from ¥699,134,355.49 at the beginning of the year[20] - Inventory decreased to ¥766,884,647.70 from ¥839,474,051.53 at the beginning of the year[20] - The total non-current assets increased slightly to ¥3,072,832,886.39 from ¥3,066,336,597.96 at the beginning of the year[20] - Short-term borrowings decreased to ¥455,108,099.87 from ¥803,923,186.53 at the beginning of the year[20] - The company has a goodwill of ¥319,829,693.57, unchanged from the beginning of the year[20] - Deferred income increased to CNY 67,380,825.79 from CNY 53,102,073.63, marking a rise of 26.9%[23] Audit Status - The company has not undergone an audit for the Q3 2023 report, as indicated in the financial statements[28]