AikoSolar(SH:600732)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥6,368,328,292.01, a decrease of 35.30% compared to the same period last year[3]. - The net profit attributable to shareholders for the same period was ¥578,582,396.68, down 27.14% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥568,357,008.28, a decrease of 20.85% compared to the previous year[3]. - Total revenue for the first nine months of 2023 was CNY 22.62 billion, a decrease of 12.8% compared to CNY 25.83 billion in the same period of 2022[21]. - Net profit for the third quarter of 2023 reached CNY 1.89 billion, an increase of 35.9% compared to CNY 1.39 billion in the same quarter of 2022[22]. - The net profit attributable to the parent company shareholders for the current period is ¥1,887,406,411.60, compared to ¥1,390,139,181.22 in the previous period, representing an increase of approximately 35.9%[23]. - The total comprehensive income attributable to the parent company owners is ¥1,887,406,411.60, compared to ¥1,390,139,181.22 in the previous period, reflecting a growth of about 35.9%[23]. Cash Flow and Assets - The net cash flow from operating activities for Q3 2023 was -¥79,035,585.99, a decline of 109.04% year-on-year[3]. - Cash inflow from operating activities for the first three quarters of 2023 is ¥16,886,644,118.05, slightly up from ¥16,401,556,670.76 in the same period last year[26]. - The net cash flow from operating activities decreased to ¥2,580,524,947.23 from ¥3,201,553,000.62 year-on-year, a decline of approximately 19.4%[26]. - Cash outflow for investing activities increased significantly to ¥5,474,902,913.22 from ¥2,999,491,387.67, indicating a rise of about 82.5%[27]. - The total cash and cash equivalents at the end of the period is ¥897,758,534.26, down from ¥1,440,365,004.96 in the previous year, a decrease of about 37.7%[27]. - The company's cash and cash equivalents decreased to RMB 4,881,924,949.74 from RMB 5,649,763,722.18, a decline of about 13.56%[18]. Shareholder Information - The company has seen an increase in total shareholders to 82,373 by the end of the reporting period[8]. - Major shareholders include Chen Gang, holding 17.94% of shares, and Zhuhai Hengqin Shunhe Enterprise Management Partnership, holding 12.42%[8]. - The company completed a share repurchase of 10,351,890 shares, accounting for 0.5663% of the total share capital, with an average repurchase price of RMB 28.97 per share, totaling RMB 299,895,918.36[14]. - The company has reduced the number of incentive plan participants to 847, with a total of 51.9556 million restricted shares adjusted downwards due to departures and voluntary waivers[13]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥33,177,798,080.50, an increase of 34.38% compared to the end of the previous year[4]. - The company's total current assets increased to RMB 11,668,014,124.89, up from RMB 10,238,109,637.46 as of December 31, 2022, representing a growth of approximately 14.06%[18]. - The company's fixed assets rose to RMB 12,804,679,028.10 from RMB 10,120,650,305.53, an increase of about 26.67%[18]. - Total liabilities increased to CNY 23.16 billion, a rise of 48.1% from CNY 15.63 billion in the same period last year[21]. - The company reported a significant increase in accounts payable, which rose to CNY 2.74 billion, up 103% from CNY 1.34 billion in the previous year[20]. Research and Development - Research and development expenses for the third quarter of 2023 were CNY 1.14 billion, an increase of 23% from CNY 925 million in the same quarter of 2022[22]. Government and Regulatory Matters - The company reported a decrease in government subsidies received, impacting cash flow from operating activities[7]. - The company is in the process of issuing A-shares to specific investors, pending approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission[15].