2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥36,068,634,339, representing a year-on-year increase of 14.40%[4] - The net profit attributable to shareholders for Q3 2023 decreased by 33.18% year-on-year, amounting to ¥1,544,636,974[7] - The net profit attributable to shareholders, excluding non-recurring gains and losses, for Q3 2023 decreased by 36.72% year-on-year[8] - The basic earnings per share for Q3 2023 was -¥0.15, a decrease of 34.78% compared to the same period last year[9] - The net profit attributable to shareholders for the year-to-date period decreased by 44.05% year-on-year[10] - The diluted earnings per share for the year-to-date period was -¥0.44, a decrease of 44.87% compared to the same period last year[12] - The total profit for Q3 2023 is approximately ¥3.84 billion, compared to ¥7.84 billion in Q3 2022, indicating a significant decrease[34] - The net profit for Q3 2023 is approximately ¥4.17 billion, down from ¥8.05 billion in the same period last year, reflecting a decline of about 48%[34] - The total comprehensive income for Q3 2023 is approximately ¥4.20 billion, compared to ¥7.85 billion in Q3 2022, showing a decrease of about 47%[35] - Basic and diluted earnings per share for Q3 2023 are both ¥0.43, down from ¥0.78 in Q3 2022[35] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥4,022,037,655, an increase of 300.55%[5] - The net cash flow from operating activities for the first nine months of 2023 is approximately ¥4.02 billion, a recovery from a negative cash flow of ¥2.01 billion in the same period of 2022[36] - The cash inflow from operating activities for the first nine months of 2023 totals approximately ¥130.32 billion, compared to ¥108.38 billion in the same period of 2022[36] - The cash outflow from investing activities for the first nine months of 2023 is approximately ¥32.02 billion, compared to ¥10.51 billion in the same period of 2022[37] - The net cash flow from financing activities for Q3 2023 is approximately ¥7.11 billion, compared to ¥6.98 billion in Q3 2022[37] - Cash and cash equivalents at the end of Q3 2023 amount to approximately ¥45.40 billion, an increase from ¥33.31 billion at the end of Q3 2022[38] Assets and Liabilities - Total assets at the end of Q3 2023 were ¥210,161,636,249, reflecting a 10.60% increase from the end of the previous year[5] - As of September 30, 2023, total assets reached CNY 210.16 billion, an increase from CNY 190.02 billion at the end of 2022, representing a growth of approximately 10.6%[22] - Total current liabilities amounted to CNY 68.75 billion, compared to CNY 56.58 billion in the previous year, which is an increase of approximately 21.5%[26] - The company’s total equity attributable to shareholders was CNY 115.49 billion, up from CNY 113.23 billion, indicating a growth of about 2.0%[32] Research and Development - Research and development expenses for the first nine months of 2023 were CNY 1.31 billion, compared to CNY 947.20 million in 2022, reflecting an increase of approximately 38.3%[33] Inventory and Investments - The company reported a total of CNY 12.96 billion in inventory as of September 30, 2023, compared to CNY 12.36 billion at the end of 2022, representing an increase of about 4.8%[20] - Long-term investments decreased to CNY 34.04 billion from CNY 37.79 billion, a decline of approximately 10.0%[20] Profitability Factors - The decline in net profit was primarily due to a decrease in automobile sales from joint ventures and a decline in profitability[10]