SWSC(SH:600369)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 412,380,713.04, representing a year-on-year increase of 32.24%[4] - The net profit attributable to shareholders for Q3 2023 was CNY 108,290,533.69, a significant increase of 239.64% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was CNY 107,234,573.71, up 243.37% year-on-year[4] - Total operating revenue for the first three quarters of 2023 reached ¥1,884,527,686.25, a significant increase from ¥1,194,917,522.02 in the same period of 2022, representing a growth of approximately 57.8%[20] - Net profit for the first three quarters of 2023 was ¥566,451,626.11, compared to ¥176,661,359.65 in the previous year, indicating a substantial increase of about 220.5%[20] - The company reported a total profit of ¥600,357,302.25, a significant increase from ¥40,632,234.89 in the previous year, representing a growth of approximately 1,376.5%[20] Assets and Liabilities - The total assets at the end of Q3 2023 amounted to CNY 87,590,534,063.77, an increase of 8.14% from the end of the previous year[4] - Total liabilities reached CNY 62.27 billion, up from CNY 56.06 billion at the end of 2022, indicating an increase of about 11.5%[19] - As of September 30, 2023, total assets amounted to 83,900,750,786.18 RMB, an increase from 77,505,538,664.34 RMB in 2022, reflecting a growth of approximately 8.3%[23] - The company's total liabilities reached 59,241,121,402.56 RMB, up from 53,122,476,383.95 RMB in the previous year, indicating an increase of about 11.5%[23] - The total equity attributable to shareholders was CNY 25.32 billion, compared to CNY 24.94 billion at the end of 2022, showing a growth of about 1.5%[19] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY -3,794,258,809.75, a decrease of 537.78% compared to the same period last year[4] - The net cash flow from operating activities for the first three quarters of 2023 was -3,794,258,809.75 RMB, a significant decline compared to 866,700,323.75 RMB in the same period of 2022[21] - The cash inflow from financing activities for the first three quarters of 2023 was 1,281,803,739.75 RMB, contrasting with a cash outflow of -890,088,585.62 RMB in the same period of 2022[21] - The cash and cash equivalents at the end of the third quarter of 2023 were 16,141,525,953.43 RMB, down from 19,148,815,868.45 RMB at the end of September 2022, representing a decrease of approximately 15.7%[21] Shareholder Information - The total number of common shareholders at the end of the reporting period was 131,957[9] - The largest shareholder, Chongqing Yufu Capital Operation Group Co., Ltd., holds 1,853,443,610 shares, representing 27.89% of total shares[9] - A cash dividend of 0.03 RMB per share was distributed, totaling 199,353,273.72 RMB based on a total share capital of 6,645,109,124 shares[12] Management and Governance - The company has appointed Yang Yusong as the new General Manager effective from October 2023, following the resignation of Wu Jian[15] - The company has renewed its audit engagement with Tianjian Accounting Firm for the 2023 financial report and internal control audit[16] - The company has revised its articles of association and related committee working rules during the board meeting in October 2023[15] Legal and Regulatory Matters - There are ongoing legal disputes involving the company, including a bond default case with significant financial implications[14] - The company has undergone changes in accounting policies as per the Ministry of Finance's notification[13] - The company has adopted new accounting standards effective from January 1, 2023, which may impact the financial statements[27]