AVIC SAC(SH:600760)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 11,481,332,551.83, representing a year-on-year increase of 9.70%[4] - The net profit attributable to shareholders for Q3 2023 was CNY 871,228,510.77, reflecting a significant increase of 40.16% compared to the same period last year[4] - The basic earnings per share for Q3 2023 was CNY 0.32, which is an increase of 45.45% year-on-year[4] - The net profit attributable to shareholders for the current reporting period increased by 249.63 million RMB, primarily due to increased product sales leading to higher gross profit[9] - The net profit attributable to shareholders from the beginning of the year to the end of the reporting period increased by 623.97 million RMB, mainly driven by increased product sales[9] - The net profit for Q3 2023 was approximately ¥2.34 billion, an increase of 34.4% compared to ¥1.74 billion in Q3 2022[20] - The company reported a net profit of ¥6,746,031,564.78 for Q3 2023, compared to ¥5,169,079,363.84 in Q3 2022, indicating a growth of 30.5%[18] Assets and Liabilities - The total assets at the end of Q3 2023 amounted to CNY 46,039,666,843.53, a decrease of 21.69% from the end of the previous year[4] - Total assets decreased to ¥46,039,666,843.53 in Q3 2023 from ¥58,792,300,811.09 in Q3 2022, a decline of 21.7%[18] - Total liabilities for Q3 2023 were ¥30,570,539,152.94, down from ¥44,978,935,313.92 in Q3 2022, representing a decrease of 32.2%[17] - Total liabilities amounted to CNY 356,186,096.72, compared to CNY 104,847,863.60 in the previous year, showing an increase of approximately 239.5%[27] - The company's total equity reached CNY 8,577,063,673.05, an increase from CNY 7,963,920,158.44, representing a growth of about 7.7%[27] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 12,430,214,728.44 year-to-date, indicating a significant cash usage[4] - The cash flow from operating activities for Q3 2023 was negative at approximately -¥12.43 billion, slightly worse than -¥12.08 billion in Q3 2022[23] - The net cash flow from investing activities increased by 767.83 million RMB compared to the same period last year, mainly due to an increase in cash received related to investment activities[9] - The net cash flow from investment activities was -¥775,055,250.00, compared to -¥356,213,291.67 in the same period of 2022, indicating a worsening investment cash flow situation[32] - The cash flow from financing activities showed a net outflow of approximately -¥447.88 million in Q3 2023, compared to -¥523.18 million in Q3 2022[24] Shareholder Information - The number of common shareholders at the end of the reporting period was 90,282[10] - The largest shareholder, China Aviation Industry Corporation, holds 1,814,336,215 shares, accounting for 65.84% of the total shares[11] Research and Development - Research and development expenses for Q3 2023 amounted to ¥544,285,261.48, slightly increasing from ¥530,803,844.76 in Q3 2022[19] - Research and development expenses for the first three quarters of 2023 were reported, indicating ongoing investment in innovation and technology[28] Government Support - The company received government subsidies amounting to CNY 12,883,135.35 during the reporting period[6] Inventory and Receivables - Accounts receivable increased to approximately 8.56 billion RMB from approximately 3.47 billion RMB in the previous year[14] - Inventory levels decreased to ¥9,438,769,378.07 in Q3 2023 from ¥12,172,484,465.08 in Q3 2022, a reduction of 22.6%[16] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30]