SPC(SH:600688)2023-10-25 16:00Financial Performance - The company's operating revenue for Q3 2023 reached CNY 24,922,150, representing a 109.81% increase compared to CNY 11,878,206 in the same period last year[4] - The net profit attributable to shareholders of the listed company was CNY 268,831, a significant recovery from a loss of CNY 1,566,776 in the previous year[4] - The basic earnings per share for the quarter was CNY 0.025, compared to a loss of CNY 0.145 in the same period last year[5] - The weighted average return on equity increased to 1.058%, up by 6.527 percentage points from -5.472% in the previous year[5] - The net profit attributable to shareholders for the year-to-date period was CNY -719,446, an improvement from CNY -2,002,785 in the previous year[4] - The net profit attributable to shareholders for the reporting period increased, with significant growth in the sales volume of petrochemical products compared to the same period last year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses also saw an increase, driven by a decrease in unit costs and an increase in gross profit[10] - Net profit for Q3 2023 was CNY -716,658 thousand, compared to CNY -1,997,463 thousand in Q3 2022, showing an improvement[21] - The company reported a decrease in total comprehensive income to CNY -674,048 thousand in Q3 2023 from CNY -1,777,020 thousand in Q3 2022[21] - The company reported a net loss of CNY 1,997,463 thousand for the nine months ended September 30, 2022, slightly improved from a net loss of CNY 1,998,274 thousand in the previous year[25] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -661,434, a decline of 139.59% from CNY 1,670,792 in the previous year[5] - The cash flow from operating activities for the reporting period decreased by 139.59%, primarily due to increased cash payments for goods and services compared to the same period last year[10] - The company reported a net cash flow from operating activities of CNY -888,316 thousand for the first three quarters of 2023, an improvement from CNY -4,734,330 thousand in the same period of 2022[22] - Cash inflow from operating activities totaled CNY 78,091,401 thousand for the first three quarters of 2023, compared to CNY 63,922,052 thousand in the same period of 2022[22] - The net cash flow from financing activities was CNY 3,380,670 thousand, significantly higher than CNY 1,308,516 thousand in the previous year, indicating a growth of over 158%[23] - The cash and cash equivalents at the end of the period amounted to CNY 5,742,344 thousand, up from CNY 5,494,687 thousand year-over-year, reflecting an increase of approximately 4.5%[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 41,242,740, a decrease of 4.66% from CNY 39,320,227 at the end of the previous year[5] - As of September 30, 2023, total current assets amounted to CNY 15,619,834,000, a slight decrease from CNY 15,765,882,000 at the end of 2022[16] - Total assets as of September 30, 2023, were CNY 39,320,227,000, down from CNY 41,242,782,000 at the end of 2022[16] - The company reported a significant increase in short-term borrowings, rising to CNY 5,045,000,000 from CNY 1,550,000,000 at the end of 2022[16] - The total liabilities decreased to CNY 13,636,846 thousand in Q3 2023 from CNY 14,871,357 thousand in Q3 2022[20] - The company's total equity decreased to CNY 25,683,381 thousand in Q3 2023 from CNY 26,371,425 thousand in Q3 2022[20] Research and Development - Research and development expenses for Q3 2023 were CNY 112,338 thousand, an increase of 35.5% compared to CNY 82,916 thousand in Q3 2022[20] Government Support and Future Plans - The company received government subsidies amounting to CNY 15,995 during the year-to-date period, which positively impacted its financial performance[7] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and profitability[9]