CGA(SH:600297)2023-10-27 16:00Financial Performance - Operating revenue for the third quarter was CNY 35,298,225,028.06, a decrease of 1.23% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 100,228,766.18, an increase of 2,674.05% year-on-year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 71,634,148.03, a decrease of 28.71% compared to the same period last year[4] - The company reported a total revenue of CNY 102,391,406,111.96 for the year-to-date, with a slight increase of 0.88% compared to the previous year[4] - Total operating revenue for the first three quarters of 2023 reached RMB 102.39 billion, a slight increase from RMB 101.50 billion in the same period of 2022, representing a growth of approximately 0.87%[28] - Net profit for the third quarter was 934.66 million, down from 1.09 billion, representing a decrease of about 14.1% year-over-year[51] - Operating profit fell to 1.28 billion from 1.76 billion, a decrease of approximately 27.1% compared to the previous year[51] - The comprehensive income attributable to the parent company for the first three quarters of 2023 was RMB 666.57 million, compared to RMB 539.74 million in the same period of 2022, showing an increase of approximately 23.51%[31] Shareholder Information - Basic and diluted earnings per share for the current period were both CNY 2,384.53, reflecting improved operational management and cost control[8] - Total number of ordinary shareholders at the end of the reporting period was 108,367, with the largest shareholder holding 31.14% of shares[9] - The total number of shares held by the largest shareholder, Xinjiang Guanghui Industrial Investment Group, is 2,526,119,613 shares, representing a significant portion of the company's equity[10] - Basic earnings per share for the first three quarters of 2023 were RMB 0.09, unchanged from the previous year[31] Non-Recurring Gains and Losses - Non-recurring gains and losses for the current period included government subsidies of CNY 41,357,024.10 and gains from the disposal of non-current assets of CNY 4,365,811.71[6] - Non-recurring gains and losses for the year-to-date amounted to CNY 296,223,794.50 after tax and minority interest adjustments[7] Operational Management and Cost Control - The company plans to continue focusing on operational management and cost control to enhance profitability in the upcoming quarters[8] Financial Position - The company's total liabilities decreased from 82,215,772,635.30 RMB as of December 31, 2022, to 75,678,602,682.75 RMB as of September 30, 2023, reflecting a reduction of approximately 8.5%[27] - The total owner's equity increased from 38,919,720,935.79 RMB at the end of 2022 to 39,457,606,240.73 RMB by September 30, 2023, indicating a growth of about 1.4%[27] - The accounts payable decreased from 272,763,202.29 RMB to 159,339,973.49 RMB, showing a reduction of approximately 41.6%[27] - The company's retained earnings increased from 16,955,918,354.40 RMB to 17,657,205,335.74 RMB, representing an increase of about 4.1%[27] - The long-term borrowings decreased from 5,682,384,597.45 RMB to 4,683,094,256.57 RMB, a decline of approximately 17.6%[27] - The company reported a total of 1,378,468,245.55 RMB in taxes payable as of September 30, 2023, compared to 1,467,258,797.57 RMB at the end of 2022, a decrease of about 6.1%[27] - The total non-current liabilities decreased from 15,195,809,602.15 RMB to 13,052,033,750.40 RMB, reflecting a reduction of approximately 14.1%[27] - The company’s capital reserve increased from 12,953,467,132.41 RMB to 12,958,771,609.92 RMB, showing a slight increase of about 0.04%[27] - The total assets at the end of the reporting period were RMB 120.32 billion, a decrease of 4.72% compared to RMB 126.29 billion at the end of the previous year[37] - The equity attributable to shareholders of the listed company increased to RMB 39.46 billion, up 1.38% from RMB 38.92 billion at the end of the previous year[37] Cash Flow - Net cash flow from operating activities was RMB 111.24 billion, down from RMB 114.53 billion in the previous year, reflecting a decrease of approximately 2.00%[32] - Cash flow from operating activities generated a net inflow of 1.22 billion, a significant recovery from a net outflow of 8.01 billion in the previous year[54] - The cash inflow from investment activities was 5.21 billion, down from 8.87 billion, indicating a decline of approximately 41.0% year-over-year[54] - The company’s cash inflow from financing activities was 119.89 billion, compared to 137.45 billion, reflecting a decrease of about 12.7%[54] - Cash outflow for financing activities totaled 125,750,491,114.37, a decrease of 9.9% from 139,572,812,958.98[55] - Net cash flow from financing activities was -5,856,350,476.54, compared to -2,118,174,488.91 in the previous period[55] - The net increase in cash and cash equivalents was -1,312,417,013.25, an improvement from -2,817,939,604.91[55] - The ending balance of cash and cash equivalents was 2,302,688,061.71, down from 4,389,371,185.07[55] - Cash paid for dividends, profits, or interest was 1,778,430,570.64, an increase from 1,633,479,820.88[55] - Cash paid to minority shareholders was 64,460,000.01, a decrease from 96,952,579.91[55] - Cash paid for other financing activities increased significantly to 5,540,396,520.82 from 731,563,644.40[55] - The impact of exchange rate changes on cash and cash equivalents was 1,608,578.40, down from 7,542,411.91[55] - The beginning balance of cash and cash equivalents was 3,615,105,074.96, compared to 7,207,310,789.98 previously[55] Accounting Standards - The company adopted new accounting standards starting in 2023, which may affect financial reporting[55]