SGC(SH:601139)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 7,970,656,713.44, representing a year-on-year increase of 2.90%[4] - Net profit attributable to shareholders for Q3 2023 was CNY 455,860,212.56, reflecting a significant increase of 41.00% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 438,408,790.31, up by 44.59% year-on-year[4] - Basic and diluted earnings per share for Q3 2023 were both CNY 0.15, marking a 36.36% increase compared to the previous year[5] - The weighted average return on equity for Q3 2023 was 3.31%, an increase of 0.70 percentage points year-on-year[5] - Total operating revenue for the first three quarters of 2023 reached ¥23,193,378,580.62, an increase of 2.89% compared to ¥22,544,352,729.71 in the same period of 2022[20] - Net profit for the third quarter of 2023 was ¥1,237,889,928.36, compared to ¥1,109,852,216.72 in the same quarter of 2022, representing an increase of 11.52%[23] - Earnings per share for the third quarter of 2023 were ¥0.38, up from ¥0.30 in the same quarter of 2022, indicating a growth of 26.67%[24] - The company reported a total comprehensive income of ¥1,260,960,115.15 for the third quarter of 2023, compared to ¥1,109,852,216.72 in the same quarter of 2022, indicating an increase of 13.63%[24] Assets and Liabilities - Total assets at the end of Q3 2023 amounted to CNY 44,176,714,145.78, which is a 15.64% increase from the end of the previous year[5] - Shareholders' equity attributable to the parent company was CNY 14,114,787,519.56, reflecting a year-on-year increase of 7.35%[5] - The total liabilities were RMB 22,276,020,090.68, compared to RMB 21,160,930,350.41 in the previous year[18] - The total liabilities as of the end of the third quarter of 2023 amounted to ¥27,498,070,382.97, an increase from ¥22,806,507,844.38 at the end of the previous year[22] - The total equity attributable to shareholders of the parent company reached ¥14,114,787,519.56, compared to ¥13,148,704,967.65 in the same period of 2022, marking an increase of 7.34%[22] Cash Flow - The net cash generated from operating activities for the year-to-date was CNY 1,632,314,144.12, with a significant decrease of 41.52% in Q3 2023 compared to the previous year[4] - The net cash flow from operating activities for the first three quarters of 2023 was CNY 1,632,314,144.12, a significant improvement compared to a negative cash flow of CNY -36,191,585.48 in the same period of 2022[26] - Total cash inflow from operating activities reached CNY 24,321,735,449.20, slightly up from CNY 24,252,686,288.96 year-on-year[26] - Cash outflow for purchasing goods and services decreased to CNY 19,163,710,991.12 from CNY 21,182,139,096.65 in the previous year, indicating a reduction of approximately 9.5%[26] - The total cash outflow from operating activities was CNY 22,689,421,305.08, down from CNY 24,288,877,874.44 in the previous year, indicating a decrease of about 6.6%[26] Market and Growth Strategy - The increase in net profit was mainly driven by growth in the smart gas and gas resource segments[9] - The company plans to continue expanding its market presence and enhance its product offerings in the upcoming quarters[15] - The company has maintained a strong focus on research and development for new technologies and products to drive future growth[15] - Research and development expenses for the third quarter of 2023 were ¥562,874,389.17, up from ¥438,770,940.63 in the same quarter of 2022, reflecting a growth of 28.25%[22] Non-Recurring Gains - The company reported non-recurring gains of CNY 17,451,422.25 for Q3 2023, primarily from government subsidies[8]