CCEG(SH:600697)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was approximately ¥1.83 billion, a decrease of 3.57% compared to the same period last year[2]. - Net profit attributable to shareholders was approximately ¥4.50 million, down 83.28% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was approximately -¥3.19 million, an increase of 90.37% compared to the previous year[2]. - The basic earnings per share for Q3 2023 was ¥0.03, a decrease of 82.35% year-on-year[2]. - Total operating revenue for the first three quarters of 2023 reached ¥5,470,732,152.24, a slight increase from ¥5,449,260,982.49 in the same period of 2022[13]. - Net profit for the first three quarters of 2023 was ¥112,957,785.31, compared to ¥73,974,024.85 in the previous year, reflecting a significant improvement[13]. - The company reported a profit margin increase, with net profit attributable to shareholders rising to ¥16,767,584.58 from a loss of ¥53,586,267.81 in the same period last year[14]. - Earnings per share improved to ¥0.11 from a loss of ¥0.34, indicating better profitability on a per-share basis[14]. - Net profit for the first three quarters of 2023 reached approximately ¥112 million, a significant turnaround from a net loss of ¥108 million in the same period of 2022[19]. Assets and Liabilities - The total assets at the end of Q3 2023 were approximately ¥20.78 billion, a decrease of 2.37% from the end of the previous year[3]. - The equity attributable to shareholders was approximately ¥2.34 billion, down 1.65% from the end of the previous year[3]. - Total assets as of September 30, 2023, are RMB 20,778,566,410.15, down from RMB 21,284,012,920.82 at the end of 2022, a decrease of approximately 2.4%[11]. - Total liabilities decreased to ¥16,505,381,759.48 from ¥16,933,262,197.81, indicating improved financial health[12]. - Current liabilities totaled ¥15,025,142,343.34, slightly down from ¥15,304,658,153.82, showing effective management of short-term obligations[12]. - The company’s total equity decreased to ¥4,273,184,650.67 from ¥4,350,750,723.01, reflecting changes in retained earnings and other comprehensive income[12]. - The company’s total liabilities were CNY 10,868,258,470.61, a slight increase from CNY 10,798,950,918.61 at the end of 2022[18]. Cash Flow - The net cash flow from operating activities for the year-to-date was approximately ¥1.56 billion, an increase of 110.23% compared to the same period last year[2]. - The net cash flow from operating activities for the first three quarters of 2023 was CNY 1,564,362,908.52, an increase of 110.4% compared to CNY 744,102,665.90 in the same period of 2022[16]. - Total cash inflow from operating activities was CNY 13,391,589,166.11, while cash outflow was CNY 11,827,226,257.59, resulting in a net cash inflow of CNY 1,564,362,908.52[16]. - The net cash flow from investing activities was negative at CNY -224,433,512.35, an improvement from CNY -285,741,551.85 in the same period last year[16]. - The net cash flow from financing activities was CNY -1,198,219,382.55, compared to CNY -705,968,885.42 in the previous year[16]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,793[7]. - The largest shareholder, Changchun Automobile City Commercial Co., Ltd., holds 39,045,996 shares, accounting for 24.54% of total shares[8]. Cost Management - Total operating costs decreased to ¥5,311,834,072.15 from ¥5,502,505,800.95 year-over-year, indicating a cost reduction strategy[13]. - The company achieved a significant reduction in financial expenses, with total financial costs decreasing to ¥333,679,788.55 from ¥353,485,404.29[13]. - The company reported a decrease in financial expenses to approximately ¥179 million in 2023 from ¥215 million in 2022, with interest expenses also reduced to approximately ¥173 million from ¥209 million[19]. - The company plans to continue focusing on cost management and operational efficiency to sustain profitability in future quarters[13]. Government Support - The company received government subsidies amounting to approximately ¥7.81 million during the reporting period[4]. Investment and Borrowings - The company received approximately ¥3.19 billion in borrowings during the first three quarters of 2023, a decrease from ¥5.21 billion in the same period of 2022[20].