SMIC(SH:600810)2023-10-11 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 3,326,344,209.41, a decrease of 0.39% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2023 was CNY 100,292,971.73, a significant recovery from a loss of CNY 11,972,346.96 in the same period last year[7]. - The basic earnings per share for Q3 2023 was CNY 0.10, compared to a loss of CNY 0.01 in the same period last year, reflecting an 85.11% improvement[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 89,090,798.17, a significant improvement from a loss of CNY 14,728,345.20 in the same period last year[7]. - The net profit attributable to shareholders of the listed company decreased by 85.63% year-to-date compared to the same period last year[12]. - Basic and diluted earnings per share both decreased by 85.11% year-to-date due to a reduction in profit[12]. - Net profit for the first three quarters of 2023 was approximately ¥140.96 million, a decline of 72.5% from ¥510.76 million in the same period of 2022[22]. - The company reported a total profit of approximately ¥187.90 million for the first three quarters of 2023, down 68.6% from ¥597.21 million in the same period of 2022[22]. Assets and Liabilities - The total assets at the end of Q3 2023 amounted to CNY 31,548,053,475.10, representing an increase of 11.58% from the end of the previous year[8]. - The company's total assets reached ¥31,548,053,475.10 in Q3 2023, compared to ¥28,273,431,159.20 at the end of 2022, reflecting an increase of approximately 8.05%[19]. - Total current assets increased to ¥16,349,831,693.55 in Q3 2023, up from ¥14,088,254,918.56 in Q4 2022, representing a growth of approximately 16.06%[18]. - Total liabilities increased to ¥20,955,498,272.83 in Q3 2023, up from ¥17,248,456,030.01 in Q4 2022, representing a growth of approximately 21.25%[19]. - The company's equity attributable to shareholders decreased by 5.48% to CNY 7,588,548,624.04 compared to the end of the previous year[8]. - Shareholders' equity decreased to ¥10,592,555,202.27 in Q3 2023 from ¥11,024,975,129.19 in Q4 2022, indicating a decline of about 3.93%[19]. Cash Flow - The company reported a net cash flow from operating activities of CNY -567,096,820.25 for the year-to-date, a decline from CNY 1,540,026,284.64 in the same period last year[7]. - The net cash flow from operating activities for the first three quarters of 2023 was negative at approximately -¥567.10 million, compared to a positive cash flow of ¥1.59 billion in the same period of 2022[25]. - The net cash flow from financing activities increased by 198.84% year-to-date, primarily due to the issuance of convertible bonds[12]. - The net cash flow from financing activities was $4.48 billion, significantly higher than $1.50 billion in the same quarter last year, showcasing improved financial management[26]. - Cash inflow from operating activities totaled approximately ¥10.11 billion, down 19.2% from ¥12.50 billion in the same period of 2022[25]. Investments and Expenses - The company achieved an investment income of approximately ¥11.42 million, a significant increase from ¥1.58 million in the same period of 2022[21]. - Investment income increased by 621.21% year-to-date, primarily due to gains from the divestiture of Fujian and Suiping companies[12]. - Research and development expenses for the first three quarters of 2023 were approximately ¥344 million, a decrease of 21.1% from ¥437 million in the same period of 2022[21]. Changes in Financial Position - The company has added two subsidiaries, Henan Shennong Puli Materials Co., Ltd. and Pingmei Shennong Financial Leasing Co., Ltd., due to a merger under common control, affecting the scope of consolidation[9]. - The company recorded a significant increase in credit impairment losses, amounting to approximately ¥34.33 million, compared to a loss of ¥80.77 million in the same period of 2022[21]. - The company reported a decrease in credit impairment losses by 142.5% year-to-date, due to the recovery of bad debt provisions[12]. - The company received government subsidies amounting to CNY 16,241,277.65 during the reporting period, contributing to its financial performance[11]. Other Financial Metrics - The company has not classified any non-recurring gains and losses as recurring gains and losses[12]. - The cash flow from operating activities was not detailed, but the overall cash position improved with a net increase of $1.35 billion[26]. - The impact of exchange rate changes on cash and cash equivalents was a positive $20.56 million, compared to $43.94 million in the previous year[26].