XCEP(SH:600505)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 363,208,107.42, representing a year-on-year increase of 16.44%[5] - The net profit attributable to shareholders for Q3 2023 was CNY 36,518,342.19, showing a significant increase of 36.89% compared to the same period last year[5] - The basic earnings per share for Q3 2023 was CNY 0.1001, up by 36.94% year-on-year[6] - Operating revenue increased by 17.64% year-on-year, while operating costs rose by 28.19%[11] - The company reported a net profit of 36.89 million for the current period, an increase attributed to the trial operation of the Kangwu power station[11] - Basic and diluted earnings per share for the current period were 36.94, reflecting an increase due to the trial operation of the Kangwu power station[11] - In Q3 2023, the company reported a net loss of CNY 48,962,603.46, compared to a net profit of CNY 36,939,163.26 in Q3 2022, indicating a significant decline in profitability[23] - Operating profit for Q3 2023 was CNY -42,775,435.33, a decrease from CNY 49,219,297.85 in the same period last year[23] - The company reported a decrease in other income by 61.99 million, mainly due to reduced government subsidies[11] - Net profit for the first three quarters of 2023 was ¥11,799,115.12, down 74.0% from ¥45,269,566.18 in the first three quarters of 2022[34] Assets and Liabilities - The total assets at the end of Q3 2023 were CNY 4,626,708,676.86, a slight decrease of 0.10% from the end of the previous year[6] - Total assets decreased slightly from CNY 4,631,251,459.60 to CNY 4,626,708,676.86, a reduction of about 0.1%[19] - Total liabilities increased from CNY 3,170,227,944.09 to CNY 3,222,541,738.87, reflecting a growth of approximately 1.6%[19] - The company's total equity decreased from CNY 1,461,023,515.51 to CNY 1,404,166,937.99, indicating a decline of about 3.9%[19] - Short-term borrowings decreased from CNY 140,032,855.83 to CNY 100,037,888.84, a reduction of approximately 28.6%[18] Cash Flow - The company's operating cash flow for the year-to-date period was CNY 200,841,554.55, reflecting an increase of 78.62%[6] - Cash flow from operating activities increased by 78.62 million, mainly due to higher cash received from sales of goods and services[11] - The company’s cash flow from operating activities for the first nine months of 2023 was CNY 200,841,554.55, compared to CNY 112,437,552.98 in the same period last year, showing an increase of about 78.3%[27] - The net cash outflow from investing activities for the first nine months of 2023 was CNY -102,487,730.45, compared to CNY -277,848,991.74 in the same period last year, indicating a reduction in cash outflow[28] - Cash inflow from financing activities was CNY 97,744,932.76 in the first three quarters of 2023, down 39.2% from CNY 160,721,073.63 in 2022[38] Accounts Receivable and Inventory - Accounts receivable at the end of Q3 2023 increased by 15.80% compared to the beginning of the year, mainly due to higher electricity and photovoltaic subsidy receivables[10] - Inventory at the end of Q3 2023 increased by 62.26% compared to the beginning of the year, attributed to increased engineering construction activities[10] - Accounts receivable increased from CNY 176,710,204.09 to CNY 204,628,422.89, showing a rise of about 15.8%[17] - Inventory levels rose significantly from CNY 32,130,170.55 to CNY 52,133,402.10, marking an increase of approximately 62.3%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,980[13] - The top three shareholders hold a combined 55.2% of the shares, with the largest being State Grid Sichuan Electric Power Company at 20.1%[13] Financial Expenses and Impairments - Financial expenses increased by 145.36% year-on-year, primarily due to interest expenses from project loans related to the operation of the Kangwu power station[11] - Asset impairment losses increased by 101.18 million year-on-year, primarily due to the recovery of previously written-off bad debts[11] - The company incurred interest expenses of CNY 64,651,400.26 in Q3 2023, significantly higher than CNY 20,646,631.50 in Q3 2022[23]