ECC(SH:600850)2023-10-30 16:00Financial Performance - Operating revenue for Q3 2023 was RMB 2,668,521,998.39, a decrease of 0.45% compared to the same period last year[13]. - Net profit for Q3 2023 was RMB 155,233,429.71, down 9.51% year-on-year[13]. - Net profit attributable to shareholders of the listed company was RMB 146,291,353.50, a decrease of 4.25% compared to the same period last year[13]. - Basic earnings per share for Q3 2023 was RMB 0.2136, compared to RMB 0.4056 in the same period last year[4]. - Total operating revenue for the first three quarters of 2023 reached RMB 6,927,330,056.16, a slight increase from RMB 6,902,783,877.72 in the same period of 2022, representing a growth of approximately 0.35%[23]. - Net profit for the third quarter of 2023 was RMB 285,842,135.05, compared to RMB 285,114,766.33 in the previous year, indicating a marginal increase of 0.26%[24]. - Net profit for the first three quarters of 2023 was approximately ¥144.92 million, up 8.4% from ¥133.77 million in the same period of 2022[32]. - Total comprehensive income for the first three quarters of 2023 was approximately ¥144.49 million, an increase from ¥124.10 million in the same period of 2022[32]. - Total comprehensive income for the third quarter of 2023 was approximately ¥296.64 million, down from ¥305.10 million in the same quarter of 2022, reflecting a decrease of 2.5%[49]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 10,125,807,935.61, a decrease of 8.95% from the end of the previous year[4]. - The company's total assets as of September 30, 2023, amounted to RMB 4,135,264,171.13, up from RMB 4,093,394,709.27 at the end of the previous year, showing an increase of approximately 1.03%[29]. - The total liabilities decreased to RMB 5,705,791,640.36 from RMB 6,794,947,567.04, a reduction of about 16.06%[23]. - The total liabilities increased to approximately ¥1.12 billion in 2023 from ¥1.01 billion in 2022, reflecting a growth of 10.2%[30]. - Total liabilities decreased to ¥5,340,688,254.98 from ¥6,450,369,352.60, a decline of approximately 17.2%[44]. - The total liabilities amounted to approximately ¥6.79 billion, a slight decrease from ¥6.86 billion in the previous period, reflecting a change of about 1%[64]. - The total current liabilities were approximately ¥6.45 billion, remaining stable compared to the previous period[64]. Cash Flow - The net cash flow from operating activities was negative at RMB -1,052,989,042.53 for the reporting period[4]. - Cash inflow from operating activities for the first three quarters of 2023 was approximately ¥7.00 billion, an increase of 26.7% from ¥5.53 billion in the same period of 2022[51]. - Net cash outflow from operating activities for the first three quarters of 2023 was approximately -¥1.05 billion, an improvement from -¥1.81 billion in the same period of 2022[51]. - Cash inflow from investment activities for the third quarter of 2023 was approximately ¥9.89 million, compared to ¥248.55 thousand in the same quarter of 2022[53]. - The ending cash and cash equivalents balance as of September 30, 2023, was approximately ¥1.49 billion, a decrease from ¥1.12 billion at the end of 2022[53]. - The net cash flow from operating activities was negative at approximately -¥132.42 million, compared to -¥139.40 million in the previous period, indicating an improvement[74]. Equity and Shareholder Information - The equity attributable to shareholders of the parent company increased to RMB 4,209,588,501.48 from RMB 4,124,204,529.63, reflecting a growth of approximately 2.00%[23]. - The number of common shareholders at the end of the reporting period was 30,648, with the largest shareholder holding 20.55% of the shares[40]. - The total equity attributable to shareholders was approximately ¥4.12 billion, showing a minor decrease from ¥4.13 billion, representing a change of about 0.06%[64]. Research and Development - Research and development expenses for the first three quarters of 2023 were RMB 312,641,867.32, compared to RMB 292,191,193.81 in the same period of 2022, marking an increase of about 6.99%[24]. - Research and development expenses for the first three quarters of 2023 were approximately ¥22.61 million, a decrease of 10.8% compared to ¥25.34 million in the same period of 2022[31]. Other Financial Metrics - The company reported government subsidies related to normal business operations amounting to RMB 2,195,037.08 for the current period[4]. - Non-recurring gains and losses totaled RMB 32,447,114.53 for the reporting period[17]. - The company reported a tax expense of approximately ¥3.80 million for the first three quarters of 2023, compared to a tax benefit of approximately ¥0.23 million in the same period of 2022[31]. - The company reported a significant increase in prepayments, which rose to ¥1,211,480,664.66 from ¥622,669,425.83, marking an increase of approximately 94.5%[43]. - The company reported a net profit margin of approximately -18% based on the negative cash flow from operating activities[74]. - The report indicates a focus on enhancing cash flow management and optimizing asset allocation strategies moving forward[78].