TBEA(SH:600089)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 2,381,664.67 million, a decrease of 13.84% compared to CNY 2,582,225.94 million in the same period last year[2]. - Net profit attributable to shareholders was CNY 190,972.82 million, down 54.27% from CNY 415,075.09 million year-on-year[2]. - The net profit after deducting non-recurring gains and losses was CNY 196,794.11 million, a decrease of 53.33% compared to CNY 418,942.74 million in the previous year[2]. - Basic earnings per share were CNY 0.4199, reflecting a decline of 61.07% from CNY 1.0778 in the same quarter last year[2]. - The weighted average return on equity decreased by 4.8833 percentage points to 3.2683% from 8.2081% year-on-year[2]. - Total operating profit for the first three quarters of 2023 was CNY 15,095,556,319.18, a decrease of 8.7% compared to CNY 18,730,665,551.78 in the same period of 2022[18]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2023 was CNY 9,376,435,493.49, down 15.4% from CNY 11,078,910,917.34 in the previous year[19]. - Total comprehensive income for the first three quarters of 2023 was CNY 12,258,887,610.11, compared to CNY 16,140,549,052.53 in the same period of 2022, reflecting a decline of 24.1%[19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 17,033,400.33 million, an increase of 14.65% compared to CNY 19,626,922.50 million at the end of the previous year[2]. - The equity attributable to shareholders was CNY 5,769,674.61 million, up 6.47% from CNY 6,170,155.86 million at the end of the previous year[2]. - The company's total liabilities amounted to CNY 109.79 billion, up from CNY 90.77 billion, indicating an increase of about 20.93%[14]. - The total assets of the company as of September 30, 2023, reached ¥57,543,801,268.21, an increase of 10.4% from ¥52,359,147,378.78 at the end of 2022[30]. - The company's total liabilities increased to ¥31,009,926,679.71 as of September 30, 2023, compared to ¥25,072,910,739.37 at the end of 2022, reflecting a growth of 23.5%[33]. Cash Flow - The company reported a net cash flow from operating activities of CNY 1,607,450.89 million year-to-date, a decrease of 10.13% from CNY 1,696,054.42 million in the previous year[2]. - Cash inflow from operating activities for the first three quarters of 2023 was CNY 81,273,353,756.73, an increase from CNY 79,923,067,317.13 in the previous year[22]. - The net cash flow from operating activities for the first three quarters of 2023 was -CNY 4,198,207,775.33, a significant decline from CNY 1,640,093,695.76 in the previous year[39]. - The cash inflow from financing activities reached CNY 15,406,651,341.75, a significant rise from CNY 4,596,498,990.73 in the same period of 2022, representing an increase of approximately 235.5%[40]. - The net cash flow from financing activities was CNY 996,712,776.17, recovering from a net outflow of -CNY 2,119,027,071.31 in the previous year[40]. Shareholder Information - As of September 30, 2023, the total number of ordinary shareholders is 354,962, with the largest shareholder, Xinjiang Tebian Electric Group Co., Ltd., holding 581,077,428 shares, representing 11.50% of the total shares[5]. - There are noted relationships among the top shareholders, particularly between Xinjiang Tebian Electric Group Co., Ltd. and Xinjiang Honglian Venture Investment Co., Ltd.[6]. Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 815.15 million, slightly up from CNY 784.68 million in the previous year, showing an increase of approximately 3.90%[16]. - Research and development expenses for the first three quarters of 2023 were ¥65,141,677.10, up from ¥40,455,395.64 in the same period of 2022, indicating a 60.9% increase[34]. Other Financial Metrics - The company reported a significant increase in investment income, reaching CNY 190,855,617.51 in 2023 compared to CNY 44,753,697.40 in 2022, marking a growth of 326.5%[18]. - Other income for the first three quarters of 2023 was CNY 424,889,609.92, an increase of 74.1% from CNY 243,957,543.47 in the same period of 2022[18]. - The company experienced a credit impairment loss of CNY 514,765,158.41, compared to a loss of CNY 171,299,137.25 in the previous year, indicating a worsening situation[18].