SDWH(SH:600241)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥168,922,796.23, a decrease of 35.41% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2023 was ¥18,852,848.86, with a year-to-date net profit of ¥44,424,018.72, reflecting a decrease of 29.35% year-on-year[3]. - The basic earnings per share for Q3 2023 was ¥0.06, down 28.57% from ¥0.15 in the previous year[3]. - Total operating revenue for the first three quarters of 2023 was CNY 513,976,655.73, a decrease of 32.1% compared to CNY 756,891,341.11 in the same period of 2022[14]. - Net profit for Q3 2023 was CNY 52,307,907.92, a decline of 42.4% from CNY 90,925,623.16 in Q3 2022[17]. - Earnings per share for Q3 2023 were CNY 0.15, compared to CNY 0.21 in Q3 2022[17]. Cash Flow - The cash flow from operating activities for Q3 2023 was negative at -¥6,901,090.99, indicating a decline in cash inflow due to reduced sales[3]. - Cash inflow from operating activities for the first three quarters of 2023 was CNY 481,524,520.41, down 37.5% from CNY 772,052,815.20 in the same period of 2022[19]. - Cash received from sales of goods and services was CNY 464,082,287.42, a decrease of 34.8% compared to CNY 711,383,155.41 in the previous year[19]. - The net cash flow from operating activities for Q3 2023 was -57,825,409.64, a significant decrease compared to 165,795,662.87 in Q3 2022[20]. - Total cash outflow from operating activities amounted to 539,349,930.05, down from 606,257,152.33 in the previous year[20]. - Cash inflow from investment activities totaled 206,960,230.48, while cash outflow was 208,074,302.66, resulting in a net cash flow of -1,114,072.18[20]. - Cash inflow from financing activities was 310,082,924.36, compared to 343,862,062.82 in Q3 2022[20]. - The net cash flow from financing activities was 134,406,540.36, a recovery from -146,987,542.07 in the same quarter last year[20]. - The ending balance of cash and cash equivalents increased to 389,459,531.25 from 189,445,597.07 year-over-year[20]. Assets and Liabilities - The total assets at the end of Q3 2023 were ¥1,276,184,718.77, a decrease of 12.51% compared to the end of the previous year[4]. - The total current assets as of September 30, 2023, are 864,987,347.36 RMB, a decrease from 1,031,874,135.86 RMB as of December 31, 2022[12]. - The total liabilities as of Q3 2023 amounted to CNY 233,543,679.99, compared to CNY 468,307,009.60 in the previous year[14]. - The total liabilities include accounts payable of 48,442,276.44 RMB, down from 95,893,577.11 RMB[12]. - The total assets amount to 1,276,184,718.77 RMB, down from 1,458,640,140.46 RMB at the end of 2022[12]. - The cash and cash equivalents are reported at 562,281,851.71 RMB, compared to 629,176,026.80 RMB at the end of 2022[11]. - Accounts receivable increased to 153,070,587.02 RMB from 146,550,906.25 RMB year-over-year[11]. - Inventory decreased significantly to 119,807,358.44 RMB from 241,502,453.54 RMB[12]. Shareholder Information - The total equity attributable to shareholders at the end of Q3 2023 was ¥1,116,554,283.18, an increase of 4.14% compared to the previous year[4]. - The total equity attributable to shareholders of the parent company was CNY 1,116,554,283.18, an increase from CNY 1,072,130,264.46 in the same period of 2022[14]. - The total number of shares held by the controlling shareholder, Liaoning Shidai Wanheng Holding Group Co., Ltd., is 143,133,473, accounting for 48.63% of the total share capital[9]. - As of the report date, the controlling shareholder has pledged 137,735,043 shares, representing 96.23% of their total holdings, and 143,133,473 shares have been judicially frozen, accounting for 48.63% of the total share capital[10]. Government Support and Other Factors - The company received government subsidies amounting to ¥185,583.00 during the reporting period, which are closely related to its normal business operations[5]. - The decrease in operating revenue was primarily attributed to abnormal fluctuations in upstream raw material prices for new energy batteries, leading to adjustments in inventory policies by customers and delays in overseas orders[7]. - The company has not made substantial progress in the mixed-ownership reform, and the completion of this reform remains uncertain[10]. - The company advises investors to exercise caution and be aware of investment risks due to the uncertainty surrounding the controlling shareholder's share pledges and freezes[10]. Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 20,085,953.82, down 26.0% from CNY 27,100,811.98 in the same period of 2022[14]. Accounting Standards - The company did not apply new accounting standards for the first time in 2023[22].