SD HEAD(002810)2023-10-30 16:00Financial Performance - The company's revenue for Q3 2023 was CNY 428,101,052, representing a 0.80% increase year-over-year, while the year-to-date revenue decreased by 11.53% to CNY 1,178,484,300.65[5] - Net profit attributable to shareholders for Q3 2023 was CNY 72,621,029.86, down 9.81% compared to the same period last year, and year-to-date net profit decreased by 24.95% to CNY 229,530,217.32[5] - Basic earnings per share for Q3 2023 was CNY 0.21, a decrease of 12.50% year-over-year, with year-to-date earnings per share also down by 25.56% to CNY 0.67[5] - Total operating revenue for Q3 2023 was CNY 1,178,484,300.65, a decrease of 11.5% compared to CNY 1,332,097,422.00 in the same period last year[21] - Net profit for Q3 2023 was CNY 229,530,217.32, a decline of 25% from CNY 305,848,091.96 in Q3 2022[22] - The total comprehensive income for the period was ¥229,530,217.32, a decrease from ¥305,848,091.96 in the previous period[25] Assets and Liabilities - Total assets as of September 30, 2023, increased by 12.25% to CNY 3,739,464,965.40 compared to the end of the previous year[5] - Total assets reached CNY 3,739,464,965.40, up from CNY 3,331,342,690.18, indicating growth in the asset base[20] - Total liabilities increased to CNY 1,632,597,688.75 from CNY 1,449,609,607.05, reflecting higher borrowing levels[20] - The company’s long-term borrowings decreased by 76.10% to CNY 85,550,000.00, reflecting repayments made during the period[10] Cash Flow - The company’s cash flow from operating activities for the year-to-date period decreased by 55.57% to CNY 97,943,091.75[5] - Net cash flow from operating activities was ¥97,943,091.75, significantly lower than ¥220,426,390.54 in the previous period[25] - Cash inflow from operating activities totaled ¥1,110,412,542.49, compared to ¥1,320,602,542.64 in the previous period[25] - Cash outflow from investing activities was ¥189,344,393.52, down from ¥430,060,613.81 in the previous period[25] - Net cash flow from financing activities was ¥106,677,560.07, compared to ¥248,495,134.66 in the previous period[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,404[15] - The largest shareholder, Bi Xinde, holds 26.78% of the shares, totaling 91,670,305 shares[15] Expenses and Income - Total operating costs for Q3 2023 were CNY 958,940,873.95, down from CNY 1,008,336,131.50, reflecting a cost reduction strategy[21] - Research and development expenses were CNY 49,773,346.64, slightly down from CNY 53,476,256.46, showing a focus on cost management[22] - Financial expenses increased by 107.09% to ¥1,465,602.42 due to reduced exchange gains and increased convertible bond interest[11] - Other income rose by 31.65% to ¥5,417,062.33 primarily from increased government subsidies received[11] - Credit impairment losses surged by 304.95% to ¥13,469,629.50 due to reduced impairment provisions for receivables[11] - Cash received from tax refunds decreased by 84.07% to ¥17,745,130.01, mainly due to a reduction in VAT refunds[12] Investments - Cash received from investment activities increased by 654.80% to ¥15,096,054.98, attributed to loan repayments from a joint venture[12] - Cash received from issuing convertible bonds amounted to ¥594,700,000.00, marking a significant inflow for the company[13] - The company received ¥594,700,000.00 from investment absorption during the period[25] Goodwill and Fixed Assets - The company reported a significant increase in goodwill, rising by 30,760.87% to CNY 138,111,329.09 due to the acquisition of a subsidiary[9] - The company’s fixed assets increased by 112.89% to CNY 1,707,889,456.32, primarily due to the transfer of construction in progress to fixed assets[9] - The equity attributable to shareholders increased to CNY 2,106,867,276.65 from CNY 1,881,733,083.13, reflecting retained earnings growth[20] Other Information - The company did not execute any mergers or acquisitions during the reporting period[27]