STEC(SH:600820)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥19,337,829,458.65, a decrease of 5.80% compared to ¥20,528,251,586.25 in the same period last year[3]. - Net profit attributable to shareholders was ¥714,646,055.13, down 19.03% from ¥882,591,126.65 year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥696,469,447.54, reflecting an 11.96% decrease compared to ¥791,049,933.56 in the previous year[3]. - The basic earnings per share for the quarter was ¥0.23, a decline of 17.86% from ¥0.28 in the same period last year[3]. - The weighted average return on equity decreased to 2.57%, down 0.92 percentage points from 3.49% year-on-year[3]. - Total operating revenue for the first three quarters of 2023 reached CNY 46,906,944,458.20, an increase of 8.8% compared to CNY 43,020,536,161.95 in the same period of 2022[14]. - Net profit for the third quarter of 2023 was CNY 1,599,060,737.80, compared to CNY 1,434,968,547.95 in the same quarter of 2022, representing a growth of 11.5%[16]. - The total comprehensive income for the third quarter of 2023 was CNY 1,601,369,334.76, compared to CNY 1,441,958,755.05 in the same quarter of 2022, showing an increase of 11.1%[17]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥367,538,149.88, a significant improvement of 133.94% compared to -¥1,083,015,355.95 in the previous year[3][6]. - The company reported an increase in cash flow from operating activities due to improved accounts receivable collection[6]. - The net cash flow from operating activities for Q3 2023 was CNY 367.54 million, a significant recovery from a net outflow of CNY 1.08 billion in Q3 2022[19]. - The cash inflow from sales of goods and services in the first three quarters of 2023 was CNY 46.90 billion, compared to CNY 43.08 billion in the same period of 2022, marking an increase of approximately 6.5%[19]. - The company received CNY 1.30 billion in other operating-related cash in Q3 2023, down from CNY 2.06 billion in Q3 2022, a decrease of about 37.0%[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥153,630,752,333.24, showing a slight increase of 0.53% from the previous year[3]. - The equity attributable to shareholders was ¥27,605,418,299.01, reflecting a marginal increase of 0.21% compared to the previous year[3]. - The company's total liabilities decreased to approximately RMB 87.87 billion from RMB 90.57 billion, showing a reduction of 3.73%[12]. - The total liabilities increased to CNY 119,345,943,382.17 in Q3 2023, compared to CNY 118,700,971,723.62 in Q3 2022, indicating a rise of 0.5%[16]. - The company reported a total of RMB 11.91 billion in contract liabilities, which increased from RMB 9.58 billion, marking a growth of 24.38%[12]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 112,171, with the top ten shareholders holding a combined 42.73% of shares[7]. - The top shareholder, Shanghai Urban Construction (Group) Co., Ltd., holds 30.49% of the shares, while the second-largest shareholder, Shanghai Guosheng (Group) Co., Ltd., holds 7.39%[7]. - The company has not engaged in margin financing or securities lending with its shares held by the top shareholders[8]. Research and Development - Research and development expenses for the third quarter of 2023 amounted to CNY 1,828,981,102.44, an increase from CNY 1,243,448,609.56 in the same quarter of 2022, marking a significant rise of 47.0%[16]. Other Information - Non-recurring gains and losses for the quarter totaled ¥18,176,607.59, with government subsidies contributing ¥24,683,201.00[4]. - The company has not disclosed any significant new product developments or market expansion strategies in the current report[9].