SMEIC(SH:600835)2023-10-27 16:00Financial Performance - Net profit for Q3 2023 reached CNY 1,260,023,866.15, up 1.89% from CNY 1,236,723,596.95 in Q3 2022[7] - The company reported a total profit of CNY 1,352,388,033.45 for Q3 2023, an increase from CNY 1,331,363,273.88 in Q3 2022[7] - Net profit attributable to shareholders was CNY 257,292,286.70, down 24.45% compared to the same period last year[32] - The company recorded a net profit of CNY 813,288,577.66 for the year-to-date period, which is a 6.16% increase year-over-year[32] Earnings and Revenue - Earnings per share for Q3 2023 was CNY 0.80, compared to CNY 0.75 in Q3 2022, reflecting a 6.67% increase[8] - Basic earnings per share (EPS) for the period was CNY 0.25, reflecting a decline of 24.24% year-over-year[32] - The total operating revenue for the first three quarters of 2023 reached RMB 17,263,435,657.36, an increase from RMB 16,932,926,170.32 in the same period of 2022, reflecting a growth of approximately 1.95%[28] - Q3 2023 revenue was CNY 6,367,089,751.32, a decrease of 20.53% year-over-year[32] Cash Flow - Total operating cash inflow for the first three quarters of 2023 was CNY 18,148,189,893.45, a decrease of 1.54% compared to CNY 18,431,244,705.45 in the same period of 2022[2] - Net cash flow from operating activities for Q3 2023 was CNY 1,701,186,831.58, an increase of 33.2% from CNY 1,275,718,436.83 in Q3 2022[10] - Cash flow from operating activities for the year-to-date period was CNY 1,701,186,831.58, an increase of 33.35% compared to the previous year[32] Cash and Cash Equivalents - Total cash and cash equivalents at the end of Q3 2023 were CNY 8,177,380,663.47, a slight decrease from CNY 8,203,402,695.81 at the end of Q3 2022[4] - Cash and cash equivalents at the end of Q3 2023 amounted to RMB 13,737,464,312.40, up from RMB 12,193,306,945.26 at the end of 2022, representing a growth of 12.66%[21] Operating Costs and Expenses - The total operating costs for the first three quarters of 2023 were RMB 16,005,322,127.81, compared to RMB 15,658,215,118.66 in 2022, marking an increase of approximately 2.20%[28] - Research and development expenses for the first three quarters of 2023 were RMB 522,645,004.20, slightly up from RMB 504,879,261.10 in the same period of 2022[28] Investment and Financing Activities - Cash outflow from investing activities in Q3 2023 was CNY 1,820,979,765.76, significantly higher than CNY 841,520,996.64 in Q3 2022[10] - The company experienced a net cash outflow from financing activities of CNY 459,175,820.16 in Q3 2023, compared to a net outflow of CNY 324,091,764.39 in Q3 2022[4] - The company reported an investment income of RMB 218,086,261.19 for the first three quarters of 2023, up from RMB 194,356,882.69 in the same period of 2022[28] Assets and Liabilities - Total assets increased to CNY 38,560,130,995.19, representing a growth of 2.81% from the end of the previous year[33] - The company reported a decrease in total liabilities to CNY 22,564,693,095.40, down from CNY 21,922,277,082.67[41] - Shareholders' equity attributable to the parent company increased to CNY 13,327,328,290.55, up 2.89% from the previous year[41] Accounts Receivable and Payable - The company's accounts receivable decreased by 27.62%, from RMB 926,444,440.28 to RMB 670,553,994.24, primarily due to reduced settlement amounts using notes[18] - The company's accounts payable increased by 28.71%, indicating slower settlement speeds with suppliers[19] Future Plans - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[32]