CS&S(SH:600536)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥1,623,919,376.12, a decrease of 17.60% compared to the same period last year[4]. - The net profit attributable to shareholders was ¥93,157,324.24, while the net profit attributable to shareholders after deducting non-recurring gains and losses was -¥162,582,316.58[4]. - The net profit attributable to shareholders for the year-to-date period was -¥422,180,983.47, an increase in loss of ¥30,725,000 compared to the previous year[9]. - The net profit for Q3 2023 was -$439.39 million, compared to -$450.90 million in Q3 2022, showing a slight improvement[19]. - The total comprehensive income for Q3 2023 was -$439.11 million, slightly better than -$450.55 million in Q3 2022[19]. - The total operating loss for Q3 2023 was -$439.41 million, slightly better than -$457.66 million in Q3 2022[19]. Assets and Liabilities - The total assets at the end of the reporting period were ¥8,800,276,613.54, representing a decrease of 14.36% from the end of the previous year[4]. - The total assets as of Q3 2023 amounted to approximately ¥8.80 billion, a decrease from ¥10.28 billion at the end of the previous year, reflecting a decline of about 14.4%[17]. - Total liabilities for Q3 2023 were approximately ¥5.74 billion, down from ¥6.72 billion in the previous year, representing a decrease of about 14.6%[17]. - The company's total non-current assets were approximately ¥2.74 billion, down from ¥2.88 billion, reflecting a decrease of about 5%[16]. Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥1,365,549,850.11[4]. - The net cash flow from operating activities for Q3 2023 was -$1.37 billion, an improvement from -$2.00 billion in Q3 2022[21]. - The company generated $4.96 billion in cash inflows from operating activities in the first three quarters of 2023, compared to $5.81 billion in the same period of 2022[21]. - The net cash flow from investing activities was $306.26 million in Q3 2023, a significant recovery from -$632.28 million in Q3 2022[22]. - The company raised $1.41 billion in cash from financing activities in Q3 2023, down from $2.93 billion in Q3 2022[22]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 129,157[10]. - China Electronics Co., Ltd. holds 252,814,614 shares, accounting for 29.39% of total shares[10]. Investments and Acquisitions - The company recognized a gain from the disposal of long-term equity investments amounting to ¥253,851,600.88 during the reporting period[6]. - The company acquired a 27% stake in the China Electric Innovation Institute for a total cash consideration of RMB 30.51 million, with RMB 20.34 million for an 18% stake[13]. - The company sold its 100% stake in Great Wall Software for RMB 486 million to China Electric Data Industry Group[13]. Operating Costs and Revenue - The company experienced a decrease in operating costs by 31.58% year-to-date, primarily due to reduced business volume[9]. - Total operating revenue for Q3 2023 was approximately ¥4.16 billion, a decrease from ¥5.58 billion in the same period last year, representing a year-over-year decline of about 25.4%[18]. - Total operating costs for Q3 2023 were approximately ¥5.08 billion, down from ¥6.35 billion in the previous year, indicating a reduction of about 20%[18]. Research and Development - The company's research and development expenses for Q3 2023 were approximately ¥661.38 million, compared to ¥607.32 million in the same period last year, indicating an increase of about 8.9%[18]. Current Assets - As of September 30, 2023, total current assets amounted to RMB 6,063,863,131.41, a decrease from RMB 7,397,523,212.75 at the end of 2022[15]. - Cash and cash equivalents decreased from RMB 2,364,632,339.10 at the end of 2022 to RMB 1,253,127,708.75[15]. - Accounts receivable decreased from RMB 2,521,534,932.55 to RMB 2,124,385,767.07[15]. - Inventory decreased from RMB 1,553,656,122.28 to RMB 1,315,813,059.50[15]. - The company's cash and cash equivalents decreased to approximately ¥1.01 billion from ¥1.03 billion, indicating a slight decline of about 0.85%[16]. - The company's long-term equity investments were approximately ¥1.01 billion, a decrease from ¥1.03 billion, reflecting a decline of about 1.5%[16]. - The company's retained earnings as of Q3 2023 were approximately ¥392.50 million, a decrease from ¥828.57 million in the previous year, indicating a decline of about 52.7%[17].