SJA(SH:600609)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥1,235,752,504.78, a decrease of 32.40% compared to the same period last year[5] - Net profit attributable to shareholders for the same period was ¥70,571,593.76, an increase of 10.59% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥66,110,915.44, reflecting a 7.04% increase compared to the previous year[5] - The company experienced a 43.75% increase in net profit attributable to shareholders for the year-to-date period, totaling ¥190,850,757.66[5] - Total operating revenue for the first three quarters of 2023 was CNY 3,948,716,488.25, a decrease of 5.25% compared to CNY 4,167,361,292.45 in the same period of 2022[16] - Net profit for the first three quarters of 2023 increased to CNY 319,535,574.68, up 14.23% from CNY 279,760,272.93 in 2022[16] - The company’s total profit for the first three quarters was CNY 345,832,678.06, slightly down from CNY 348,643,786.93 in 2022[16] Cash Flow and Assets - The net cash flow from operating activities for Q3 2023 was ¥396,877,783.96, up 68.26% year-on-year[5] - Cash flow from operating activities generated a net amount of CNY 649,765,729.26, a turnaround from a negative cash flow of CNY -245,359,510.30 in the same period last year[18] - Cash and cash equivalents stood at CNY 1,637,518,196.35, compared to CNY 1,331,828,167.08 at the end of 2022, representing a growth of approximately 22.94%[13] - Cash and cash equivalents at the end of the period increased to CNY 1,631,991,487.62, compared to CNY 945,547,660.09 at the end of the same period last year[18] - Total assets at the end of the reporting period were ¥4,486,765,801.48, representing a 1.68% increase from the end of the previous year[6] - The company's current assets totaled CNY 3,005,001,919.84, up from CNY 2,897,414,991.32 at the end of 2022, indicating an increase of about 3.74%[13] - Total liabilities decreased to CNY 3,116,970,045.59 from CNY 3,143,192,210.18, showing a reduction of about 0.84%[14] Shareholder Equity - Shareholder equity attributable to the parent company was ¥1,123,408,867.64, a 20.46% increase compared to the end of the previous year[6] - The company's equity attributable to shareholders increased to CNY 1,123,408,867.64 from CNY 932,635,311.09, marking a significant rise of approximately 20.48%[14] - The company's total liabilities to equity ratio improved to approximately 2.75 from 2.47, indicating a strengthening of the equity position relative to liabilities[14] Costs and Expenses - Total operating costs decreased to CNY 3,694,691,912.11, down 4.49% from CNY 3,868,134,572.55 in the same period of 2022[16] - Research and development expenses rose significantly to CNY 171,826,074.99, an increase of 63.36% compared to CNY 105,120,449.28 in the previous year[16] - The company reported a basic and diluted earnings per share of CNY 0.146, compared to CNY 0.101 in the previous year, reflecting a 44.55% increase[16] - The company’s financial expenses decreased significantly to CNY 10,831,412.20, down from CNY 30,543,539.60 in the previous year[16] Inventory and Borrowings - The inventory level decreased to CNY 281,786,576.24 from CNY 365,604,400.87, reflecting a decline of about 23.0%[13] - Short-term borrowings were reported at CNY 510,452,315.00, slightly down from CNY 521,198,224.27, indicating a decrease of approximately 1.43%[14] Future Outlook - The decline in operating revenue was primarily due to the replacement of old products with new ones, which have not yet reached mass production[7] - The company plans to continue focusing on R&D and market expansion strategies to drive future growth[19]