THVOW(002564)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥941,747,758.64, representing a 58.41% increase compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2023 was -¥224,637,911.48, a decrease of 24.87% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥232,492,129.91, down 24.44% from the previous year[6]. - Total revenue for Q3 2023 was CNY 2,889,143,275.49, a slight increase from CNY 2,856,559,655.35 in Q3 2022, representing a growth of approximately 1.0%[18]. - The net loss for Q3 2023 was CNY 622,704,682.61, compared to a net loss of CNY 223,183,860.47 in the same period last year, indicating a significant increase in losses[18]. - Basic and diluted earnings per share for Q3 2023 were both CNY -0.58, compared to CNY -0.23 in Q3 2022, reflecting a decline in profitability[19]. Assets and Liabilities - The total assets as of September 30, 2023, were ¥22,236,175,232.20, a decrease of 6.56% from the end of the previous year[6]. - Total current assets as of September 30, 2023, is 18,390,292,806.50 RMB, down from 20,010,223,801.86 RMB at the beginning of the year, a decrease of approximately 8.09%[16]. - The company's total liabilities decreased to CNY 25,027,450,723.93 from CNY 25,951,702,288.19, a reduction of approximately 3.6%[17]. - The total equity attributable to shareholders of the parent company was CNY -2,639,079,852.12, worsening from CNY -2,138,508,742.43 year-over-year[17]. Cash Flow - The company's cash flow from operating activities for the first nine months of 2023 was ¥65,359,807.30, an increase of 107.64% year-on-year[9]. - The net cash flow from operating activities for the current period is ¥65,359,807.30, a significant improvement from the previous period's net cash flow of -¥855,901,583.88[22]. - Cash inflow from operating activities totaled ¥3,258,766,330.96, compared to ¥3,144,878,257.26 in the previous period, indicating a growth of approximately 3.6%[22]. - Cash outflow from operating activities decreased to ¥3,193,406,523.66 from ¥4,000,779,841.14, representing a reduction of about 25.3%[22]. - The ending balance of cash and cash equivalents is ¥336,777,449.42, down from ¥547,177,259.40 in the previous period[22]. Investments and Impairments - The company faced a 1201.26% increase in investment losses, amounting to ¥59,983,060.32, primarily due to losses from investments in joint ventures[9]. - The company reported a 353.66% increase in asset impairment losses to ¥15,407,992.62, indicating a decrease in contract asset impairment losses compared to the previous year[9]. - The company reported an investment loss of CNY -59,983,060.32, compared to a loss of CNY -4,609,623.32 in the previous year, indicating a deterioration in investment performance[18]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 52,008[11]. - Shanghai Electric Holding Group Co., Ltd. holds 15.42% of shares, totaling 132,458,814 shares[11]. - Chen Yuzhong holds 15.29% of shares, totaling 131,290,074 shares, with 130,000,000 shares pledged and 131,290,074 shares frozen[11]. Regulatory and Compliance Issues - The company is currently under investigation by the China Securities Regulatory Commission for potential discrepancies in revenue recognition related to 37 renewable energy projects[2]. - The company received a notice from the China Securities Regulatory Commission regarding administrative penalties and market entry bans related to undisclosed shareholder changes[12]. Operating Costs and Expenses - Total operating costs increased to CNY 3,096,733,886.61 from CNY 2,903,656,569.15, marking an increase of about 6.7%[18]. - Research and development expenses decreased to CNY 122,173,578.65 from CNY 148,342,850.37, a reduction of about 17.6%[18]. - The company reported a significant increase in tax and additional charges by 73.02% to ¥23,111,967.99 for the first nine months of 2023, attributed to higher revenue in the high-end equipment manufacturing sector[9].