中国卫星(600118) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥1,267,302,325.79, a decrease of 37.94% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2023 was ¥26,628,626.14, down 55.10% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥19,477,457.07, a decline of 65.64% compared to the previous year[3]. - The basic earnings per share for Q3 2023 was ¥0.02, a decrease of 60.00% year-on-year[4]. - Total operating revenue for the first three quarters of 2023 was ¥3,672,966,378.93, a decrease from ¥5,286,943,246.32 in the same period of 2022, representing a decline of approximately 30.5%[15]. - Net profit for the first three quarters of 2023 was ¥218,399,446.14, compared to ¥347,189,699.72 in 2022, reflecting a decrease of approximately 37.1%[15]. - The company's gross profit margin for the first three quarters of 2023 was approximately 5.3%, down from 4.4% in the same period of 2022[15]. - The company reported a basic earnings per share of ¥0.14 for the first three quarters of 2023, down from ¥0.25 in the same period of 2022, indicating a decline of 44%[15]. Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥14,896,452,453.77, representing an increase of 8.35% from the end of the previous year[4]. - The total liabilities as of the end of Q3 2023 amounted to ¥6,614,021,993.59, an increase from ¥5,603,593,060.81 at the end of Q3 2022, indicating a growth of approximately 18%[14]. - The total equity attributable to shareholders of the parent company was ¥6,353,887,491.96 as of Q3 2023, compared to ¥6,256,560,887.87 in Q3 2022, showing an increase of about 1.5%[14]. - The company's cash and cash equivalents decreased significantly, with current liabilities totaling ¥6,225,983,714.74 in Q3 2023, up from ¥5,253,122,846.79 in Q3 2022, reflecting an increase of approximately 18.5%[14]. - The total assets of the company increased to CNY 13,797,237,491.73, up from CNY 13,747,884,866.12 at the end of 2022[19]. - The total liabilities remained stable at CNY 5,253,122,846.79, consistent with the previous reporting period[19]. Cash Flow - The cash flow from operating activities for the year-to-date was negative at ¥-982,696,258.40, a decrease of 24.20% compared to the previous year[4]. - The net cash flow from operating activities was negative at CNY -982,696,258.40, worsening from CNY -791,220,148.31 in the previous year[16]. - Cash inflows from investment activities totaled CNY 4,510,607.26, a significant decline from CNY 86,826,874.94 in the prior year[16]. - The net cash flow from investment activities was negative at CNY -83,700,934.87, compared to a positive CNY 13,901,110.15 in the same period last year[16]. - Cash inflows from financing activities were CNY 170,202,497.69, down from CNY 408,482,505.70 in the previous year[16]. - The net cash flow from financing activities was negative at CNY -179,280,013.46, a decline from a positive CNY 36,718,447.56 in the same period of 2022[16]. - The company's cash and cash equivalents at the end of the period stood at CNY 2,748,096,313.48, down from CNY 3,093,317,028.61 at the end of the previous year[16]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period is 146,886[8]. - The largest shareholder, China Space Technology Research Institute, holds 608,541,176 shares, accounting for 51.46% of total shares[9]. - The company has not disclosed any related party relationships among the top shareholders[9]. Equity and Investments - The company reported a significant increase in contract assets at the end of Q3 2023, up 116.16% due to revenue recognition based on performance progress[6]. - The company experienced a 71.83% decrease in notes receivable at the end of Q3 2023, attributed to the collection of commercial acceptance bills[6]. - The investment income for the year-to-date decreased by 106.97% due to the change in control over a subsidiary, resulting in a remeasurement of remaining equity[6]. - The company reported a significant increase in contract assets to ¥2,647,375,218.96 from ¥1,224,732,255.89 year-over-year[13]. - The company has completed the transfer of 7.66% equity in Titanium Technology, with a new controlling shareholder holding 35%[11]. - The company is involved in the transfer of equity stakes in Titanium Technology, with four shareholders relinquishing their rights of first refusal[10]. - Inventory as of September 30, 2023, is valued at ¥2,234,379,517.44, an increase from ¥2,005,444,550.27[13]. Accounting Changes - The company implemented new accounting standards starting January 1, 2023, which affected the presentation of financial statements[17].