PD CONSTRUCTION(SH:600284)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥5,145,052,876.73, representing a year-on-year increase of 15.74%[4] - The net profit attributable to shareholders for Q3 2023 was ¥195,761,584.08, a slight decrease of 0.40% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥165,931,259.05, down by 3.08% year-on-year[4] - The year-to-date operating revenue increased by 45.51%, primarily due to higher work volume from ongoing projects compared to the previous year[10] - Total operating revenue for the first three quarters of 2023 reached ¥13,509,720,032.04, a significant increase from ¥9,284,435,573.08 in the same period of 2022, representing a growth of approximately 45.5%[21] - The net profit for Q3 2023 reached ¥505,079,679.73, an increase of 18.5% compared to ¥426,120,069.37 in Q3 2022[22] - The total profit for Q3 2023 was ¥520,121,659.92, up from ¥437,896,007.55 in the same period last year, reflecting a growth of 18.7%[22] - The basic and diluted earnings per share for Q3 2023 were both ¥0.5156, compared to ¥0.4357 in Q3 2022, marking a 18.4% increase[23] - Net profit for the first three quarters of 2023 reached CNY 179.37 million, compared to CNY 120.87 million in the same period of 2022, reflecting a growth of approximately 48.4%[32] Assets and Liabilities - The total assets as of the end of Q3 2023 amounted to ¥30,172,890,535.36, reflecting a growth of 7.72% compared to the end of the previous year[5] - The total assets as of September 30, 2023, were ¥30,172,890,535.36, an increase from ¥28,009,881,137.98 at the end of 2022, showing a growth of about 7.7%[18] - Current assets totaled ¥21,845,225,607.35 as of September 30, 2023, compared to ¥20,726,872,641.77 at the end of 2022, representing an increase of approximately 5.4%[16] - Non-current assets reached ¥8,327,664,928.01 as of September 30, 2023, up from ¥7,283,008,496.21 at the end of 2022, indicating a growth of about 14.3%[17] - Total liabilities as of September 30, 2023, were ¥22,641,663,756.37, compared to ¥20,481,149,246.40 at the end of 2022, reflecting an increase of approximately 10.6%[18] - The company's equity attributable to shareholders was ¥7,444,196,835.93 as of September 30, 2023, slightly down from ¥7,445,900,141.35 at the end of 2022, indicating a marginal decrease of about 0.02%[18] - The company's total liabilities increased to CNY 7.55 billion from CNY 7.02 billion year-over-year[30] - The total equity of the company as of September 30, 2023, was CNY 5.80 billion, slightly down from CNY 5.83 billion year-over-year[30] Cash Flow - The cash flow from operating activities for Q3 2023 was ¥277,591,195.96, a significant decline of 56.18% compared to the previous quarter[5] - The net cash flow from operating activities for the year-to-date period was negatively impacted by increased payments for value-added tax and performance guarantees[10] - The net cash flow from operating activities for Q3 2023 was -¥758,413,196.19, worsening from -¥309,828,063.45 in Q3 2022[26] - Operating cash inflow for the first nine months of 2023 was ¥11,822,388,408.86, a significant rise from ¥8,295,089,246.35 in the same period of 2022, representing a growth of 42.4%[25] - The company's cash and cash equivalents increased to CNY 2.59 billion from CNY 2.16 billion year-over-year[28] - The company reported a net cash inflow from investment activities of ¥977,283,422.98 in Q3 2023, contrasting with a net outflow of -¥501,719,905.26 in Q3 2022[26] - The net cash flow from operating activities for the first three quarters of 2023 was -25,301,370.12 RMB, compared to -6,425,347.06 RMB in the same period of 2022, indicating a decline in operational cash flow[34] Shareholder Information - The total number of common shareholders at the end of the reporting period is 55,493[11] - Shanghai Pudong Development (Group) Co., Ltd. holds 318,002,033 shares, accounting for 32.78% of the total shares[11] - Hong Kong Central Clearing Limited holds 58,982,280 shares, representing 6.08% of the total shares[11] - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest shareholder alone holding over 32%[12] Acquisitions and Investments - The company completed the acquisition of 100% equity in Shanghai Nanhui Construction Group, which will be accounted for as a business combination[6] - The acquisition of 100% equity in Shanghai Nanhui Construction (Group) Co., Ltd. is expected to cost no more than 308.1685 million RMB, with 298.1685 million RMB allocated for the equity purchase[14] - The expected management fee from the acquisition of Nanhui Construction in subsequent years is estimated to be no more than 10 million RMB[14] - The company plans to continue its investment strategy, focusing on expanding its market presence and enhancing operational efficiency[36] Legal Matters - The company is currently involved in a lawsuit concerning a real estate contract dispute, with the first-instance court ruling against the plaintiff, but both parties have appealed[14] - The company has not disclosed the impact of the ongoing litigation on its current or future profits due to the uncertainty of the outcome[14] Research and Development - Research and development expenses for the first three quarters of 2023 amounted to ¥481,687,718.00, up from ¥330,056,259.52 in 2022, reflecting a growth of approximately 45.9%[21] - Research and development expenses for the first three quarters of 2023 were CNY 1.95 million, compared to CNY 1.86 million in the same period of 2022[32]