SCC(SH:600740)2023-10-23 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 2,060,693,602.58, a decrease of 27.40% compared to the same period last year[14] - The net profit attributable to shareholders for Q3 2023 was CNY 364,456,623.21, down 40.93% year-on-year[14] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 361,663,013.33, a decrease of 37.95% compared to the previous year[14] - The basic earnings per share for Q3 2023 was CNY 0.1422, reflecting a decline of 40.95% year-on-year[14] - The total operating revenue from the beginning of the year to the end of the reporting period was CNY 6,516,950,071.84, down 30.67% year-on-year[14] - The net profit attributable to shareholders from the beginning of the year to the end of the reporting period was CNY 1,280,616,343.50, a decrease of 52.68% compared to the same period last year[14] - Net profit for the first three quarters of 2023 was RMB 1,276,224,060.84, a decline of 52.7% compared to RMB 2,698,477,402.81 in the same period of 2022[26] - The net profit attributable to the parent company shareholders for the period was approximately CNY 1.28 billion, a decrease of 52.7% compared to CNY 2.71 billion in the same period last year[28] - The total comprehensive income for the period was approximately CNY 1.28 billion, down 52.6% from CNY 2.70 billion year-over-year[28] - Basic earnings per share for the period were CNY 0.4998, a decline of 52.8% from CNY 1.0563 in the previous year[28] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -1,241,050,127.64, indicating a negative cash flow situation[14] - The net cash flow from operating activities for the first three quarters of 2023 was -1,241,050,127.64 RMB, compared to -402,425,199.53 RMB in the same period of 2022[47] - Total cash inflow from operating activities decreased to 7,281,817,296.24 RMB, down from 9,930,309,790.86 RMB year-over-year[47] - Cash outflow from operating activities was 8,522,867,423.88 RMB, compared to 10,332,734,990.39 RMB in the previous year[47] - Cash flow from investing activities generated a net inflow of 374,791,312.27 RMB, an increase from 110,396,386.26 RMB in the same period last year[48] - Cash inflow from financing activities was 4,977,000,000.00 RMB, up from 3,776,000,000.00 RMB in the previous year[48] - The net cash flow from financing activities improved to 649,166,224.58 RMB, compared to -76,369,132.38 RMB in the same period of 2022[48] Assets and Liabilities - The company's total liabilities as of the end of the reporting period amounted to RMB 9,369,629,488.74, an increase of 6.6% from RMB 8,786,400,448.28[24] - The total equity attributable to shareholders of the parent company reached RMB 15,200,043,030.39, up from RMB 14,452,245,356.82, reflecting a growth of 5.2%[24] - The company's total assets amounted to RMB 24,783,715,878.46, an increase from RMB 23,457,081,447.09[24] - The total assets at the end of the reporting period were 24,783,715,878.46 RMB, reflecting a 5.66% increase from 23,457,081,447.09 RMB at the end of the previous year[49] - The equity attributable to shareholders of the listed company increased by 5.17% to 15,200,043,030.39 RMB from 14,452,245,356.82 RMB year-over-year[49] - The company's total liabilities decreased to approximately CNY 6.04 billion from CNY 6.97 billion, a decline of 13.4%[40] Expenses - Total operating costs for the first three quarters of 2023 were RMB 7,627,045,395.56, down 22.8% from RMB 9,875,863,769.30 in the previous year[24] - Research and development expenses for the first three quarters of 2023 were RMB 67,860,513.92, an increase of 7.9% compared to RMB 63,345,268.44 in the same period of 2022[26] - The company’s tax expenses for the first three quarters of 2023 were RMB 22,105,597.04, down 31.6% from RMB 32,281,119.27 in the same period of 2022[26] Investment Income - Non-recurring gains and losses for the reporting period totaled CNY 2,793,609.88, with a significant impact from investment income decline[8] - The company reported investment income of RMB 2,425,705,122.84, down 23.3% from RMB 3,161,927,781.45 in the previous year[26] - The company received 500,000,000.00 RMB in cash from investment income, significantly up from 220,500,000.00 RMB in the same period last year[48] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 96,994[8] - Total current assets decreased to approximately CNY 1.89 billion from CNY 3.16 billion, representing a decline of 40.2%[38] - The company's inventory decreased to approximately CNY 445.5 million from CNY 586.5 million, a decline of 24%[38] - Short-term borrowings decreased to approximately CNY 2.56 billion from CNY 3.52 billion, a reduction of 27.4%[40] - The cash and cash equivalents decreased to approximately CNY 1.14 billion from CNY 1.88 billion, a decrease of 39.4%[38]