Windey(SZ:300772)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 4,197,158,334.91, representing a 9.12% increase compared to CNY 3,846,251,288.71 in the same period last year[5] - Net profit attributable to shareholders for Q3 2023 was CNY 102,835,296.96, a decrease of 37.54% from CNY 164,642,227.00 in the previous year[5] - The basic earnings per share for Q3 2023 was CNY 0.1465, down 46.96% from CNY 0.3093 in the same period last year[5] - The company reported a decrease in net profit excluding non-recurring gains and losses, which was CNY 47,433,507.00 for Q3 2023, down 68.95% from CNY 152,758,000.00 in the same period last year[5] - Net profit for the current period was ¥254,267,375.65, a decrease of 44.66% compared to ¥458,852,150.91 in the same period last year[31] - Basic earnings per share decreased to ¥0.3577 from ¥0.7708, indicating a decline of 53.60%[32] - The company’s total comprehensive income for the current period was ¥254,283,134.62, compared to ¥458,852,150.91 in the previous period[32] Assets and Liabilities - The total assets as of September 30, 2023, were CNY 32,396,925,490.74, reflecting an 11.77% increase from CNY 28,985,345,329.93 at the end of the previous year[5] - The total liabilities increased to CNY 27,164,422,117.12 from CNY 24,024,467,944.74 at the beginning of the year[28] - Long-term borrowings increased by 109.03% to CNY 2,020,764,935.47, primarily due to increased project financing[11] - The total equity attributable to shareholders increased by 4.83% to CNY 5,089,198,506.82 from CNY 4,854,860,973.02 at the end of the previous year[5] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 358,103,412.23, showing a significant increase of 111.30% compared to CNY 3,169,942,661.00 in the previous year[5] - Cash flow from operating activities generated a net amount of ¥358,103,412.23, a significant recovery from a negative cash flow of -¥3,169,942,661.00 in the previous period[33] - The net cash flow from investing activities worsened by 358.60% to CNY -1,608,504,055.32, mainly due to increased long-term asset construction and equity investments[16] - Total cash inflow from financing activities reached 3,029,375,447.20 CNY, a substantial increase from 868,367,124.55 CNY in the prior period[34] - The net cash flow from financing activities was 811,371,489.82 CNY, compared to 586,909,652.81 CNY in the previous quarter, showing positive growth[34] Operational Highlights - The company reported a total of 11,365.69 MW in new orders from January to September 2023, with a cumulative backlog of 22,966.82 MW as of September 30, 2023[23] - The company plans to continue focusing on market expansion and new product development to drive future growth[31] Changes in Financial Position - Accounts receivable financing increased by 65.34% to CNY 630,200,293.15 as of September 30, 2023, from CNY 381,144,696.03 at the beginning of the year[10] - Prepayments surged by 278.40% to CNY 817,153,410.16, primarily due to increased inventory of raw materials[10] - Other receivables increased by 49.68% to CNY 265,048,906.81, mainly due to increased deposits and dividends receivable[11] - Contract assets rose by 35.49% to CNY 885,734,628.03, primarily due to an increase in warranty deposits due within one year[11] - Other current assets increased by 34.50% to CNY 746,813,310.60, mainly due to an increase in deductible VAT input tax[11] Financial Expenses and Income - Financial expenses decreased by 87.18% to CNY -2,636,115.53, attributed to a reduction in interest expenses despite increased financing scale[13] - Investment income increased by 77.41% to CNY 48,270,264.78, mainly due to increased investment income from joint ventures[13] Accounting Changes - The company implemented new accounting standards starting in 2023, affecting the financial statements[36] - The company did not undergo an audit for the third quarter report[35]