SXBN(SH:600831)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥489,600,235.68, a decrease of 28.21% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2023 was a loss of ¥72,874,206.88, a decline of 730.38% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was a loss of ¥75,130,123.08, a decrease of 2,201.19% compared to the previous year[4]. - The basic earnings per share for Q3 2023 was -¥0.102, a decline of 700.00% year-on-year[4]. - The diluted earnings per share for Q3 2023 was -¥0.101, a decrease of 731.25% compared to the same period last year[4]. - Total operating revenue for the first three quarters of 2023 was CNY 1,771,761,397.86, a decrease of 16.8% compared to CNY 2,129,788,699.34 in the same period of 2022[21]. - The net profit for the first three quarters of 2023 was a loss of CNY 61,344,230.13, compared to a profit of CNY 39,255,706.56 in the same period of 2022[23]. - Operating profit for the first three quarters of 2023 was -¥21,983,391.71, compared to a profit of ¥21,337,452.82 in the first three quarters of 2022, indicating a significant decline[32]. - Net profit for the first three quarters of 2023 was -¥21,334,584.09, compared to a net profit of ¥21,197,909.85 in the same period of 2022, reflecting a complete turnaround in profitability[33]. Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥12,036,640,947.00, reflecting a 3.52% increase from the end of the previous year[5]. - The total assets as of September 30, 2023, amounted to approximately 12.04 billion RMB, compared to 11.63 billion RMB at the end of 2022[17]. - The total liabilities as of September 30, 2023, were approximately 8.00 billion RMB, compared to 7.37 billion RMB at the end of 2022[17]. - The total liabilities as of the end of the third quarter of 2023 amounted to CNY 8,298,488,067.21, compared to CNY 7,817,185,324.91 at the end of the previous year[22]. - The company's total current assets amounted to 4,007,367,319.53 RMB, an increase from 3,599,164,052.31 RMB, representing a growth of about 11.3%[29]. - The company's equity attributable to shareholders at the end of Q3 2023 was ¥3,727,761,661.37, a decrease of 1.70% compared to the end of the previous year[5]. - The total equity attributable to shareholders of the parent company was CNY 3,727,761,661.37, down from CNY 3,792,386,716.45 in the previous year[22]. - The company's equity decreased to 3,520,413,139.08 RMB from 3,556,804,772.03 RMB, a decline of approximately 1.0%[30]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥43,169,799.94, an increase of 48.49%[8]. - The company's cash inflow from operating activities totaled CNY 1,448,418,723.62, while cash outflow was CNY 1,405,248,923.68, resulting in a net cash flow from operating activities of CNY 43,169,799.94[24]. - Cash flow from operating activities for the first three quarters of 2023 was ¥5,843,235.13, down from ¥12,900,584.31 in the first three quarters of 2022[35]. - The net cash flow from investing activities was -721,625,948.83 RMB, slightly improved from -736,069,060.69 RMB in the previous year[26]. - Cash flow from investing activities for the first three quarters of 2023 was -¥623,922,459.52, compared to -¥705,493,304.04 in the same period of 2022, showing a reduced outflow[35]. - The net cash flow from financing activities was 555,381,203.72 RMB, down from 859,847,671.48 RMB in the previous year, indicating a decrease of approximately 35.4%[26]. - Cash flow from financing activities for the first three quarters of 2023 was ¥555,519,203.72, down from ¥860,487,671.57 in the first three quarters of 2022[35]. Investment and Expenses - The company reported non-recurring gains of ¥2,255,916.20 for Q3 2023, down from ¥14,398,199.01 year-to-date[7]. - The company incurred financial expenses of ¥143,566,130.54 in the first three quarters of 2023, significantly higher than ¥84,383,759.99 in the same period of 2022[32]. - The company's financial expenses increased to CNY 145,785,744.58 in the first three quarters of 2023, compared to CNY 88,925,712.99 in the previous year[22]. - The company's investment income for the first three quarters of 2023 was CNY 7,358,850.28, compared to CNY 1,953,445.18 in the same period of 2022[22]. - The cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was 826,604,957.20 RMB, compared to 742,702,266.45 RMB in the previous year, reflecting an increase of about 11.3%[26]. Risks and Concerns - The company has indicated a risk of investment due to the transition from profit to loss in Q3 2023[2]. - Accounts receivable increased to approximately 2.76 billion RMB, up from 2.38 billion RMB, contributing to higher credit impairment losses[16]. - The company reported a credit impairment loss of -¥9,839,872.63 for the first three quarters of 2023, an improvement from -¥18,358,313.19 in the same period of 2022[32].