GS(SH:601500)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥1,438,688,493.24, representing a year-on-year increase of 25.04%[5] - Net profit attributable to shareholders was ¥100,530,178.53, a significant increase of 2,064.33% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥93,963,478.26, reflecting a year-on-year increase of 7,771.08%[5] - The basic earnings per share for the current period was ¥0.06, an increase of 1,438.46% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2023 reached ¥3,679,587,732.81, an increase of 12.36% compared to ¥3,273,976,991.98 in the same period of 2022[20] - Net profit for the third quarter of 2023 was ¥158,713,284.01, significantly higher than ¥21,132,681.14 in the same quarter of 2022, marking an increase of 650.73%[21] - The company reported a total comprehensive income of ¥155,751,444.38 for Q3 2023, a significant increase from ¥4,409,531.39 in Q3 2022[22] - Basic earnings per share for Q3 2023 were ¥0.10, compared to ¥0.02 in Q3 2022, representing a 400% increase[22] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥10,492,776,880.27, marking a 14.13% increase from the end of the previous year[6] - The company's total liabilities as of the end of the third quarter of 2023 amounted to ¥5,070,870,973.69, compared to ¥4,883,999,855.40 at the end of the previous year, representing a growth of 3.83%[18] - The total equity attributable to shareholders increased to ¥5,414,501,436.03 in Q3 2023 from ¥4,302,761,261.61 in Q3 2022, reflecting a growth of 25.91%[18] - Cash and cash equivalents amounted to CNY 1,048,451,620.23, up from CNY 810,036,692.48 in the previous year, indicating a growth of about 29.36%[15] - Accounts receivable increased to CNY 1,074,794,298.83 from CNY 889,888,235.74, representing a rise of approximately 20.77%[16] - Inventory decreased to CNY 1,448,673,545.91 from CNY 1,773,425,765.97, showing a decline of about 18.30%[16] - Non-current assets totaled CNY 6,725,837,162.89, up from CNY 5,566,245,280.16, marking an increase of approximately 20.83%[16] - Short-term borrowings were reported at CNY 1,910,104,427.85, down from CNY 2,285,477,644.79, indicating a decrease of about 16.43%[16] - Long-term borrowings increased to ¥997,541,600.00 in Q3 2023 from ¥740,844,079.74 in Q3 2022, reflecting a growth of 34.73%[18] Cash Flow - Cash flow from operating activities for the year-to-date was ¥693,710,375.54, showing a decrease of 2,086.27% compared to the previous year[6] - In Q3 2023, the net cash flow from operating activities was ¥693,710,375.54, a significant improvement compared to a net outflow of ¥34,925,222.50 in Q3 2022[25] - Total cash inflow from operating activities was ¥3,367,264,439.61, while cash outflow was ¥2,673,554,064.07, resulting in a net cash inflow[25] - The net cash flow from investing activities was -¥714,589,632.90, compared to -¥283,512,213.81 in the same period last year[26] - Cash inflow from financing activities totaled ¥3,351,814,027.03, with a net cash inflow of ¥454,693,135.85 after accounting for cash outflows[26] - The company reported a cash and cash equivalents balance of ¥918,393,682.92 at the end of Q3 2023, up from ¥353,946,520.25 at the end of Q3 2022[26] - Cash received from sales and services was ¥3,307,032,036.32, an increase from ¥3,011,333,772.33 in the previous year[25] - Total cash outflow for investing activities was ¥956,970,849.31, down from ¥1,576,220,047.81 in the previous year[26] - The company absorbed investments totaling ¥1,003,395,253.95, a significant increase from ¥8,820,000.00 in Q3 2022[26] - The impact of exchange rate changes on cash and cash equivalents was positive at ¥7,915,359.39, compared to a negative impact of -¥6,322,685.43 in the previous year[26] Shareholder Information - The number of common shareholders at the end of the reporting period was 43,848, with the largest shareholder holding 41.62% of the shares[12] - The company has a total of 657,320,290 shares held by the largest shareholder, Red Bean Group Co., Ltd.[12] Research and Development - Research and development expenses for the first three quarters of 2023 were ¥47,951,489.44, down from ¥67,908,862.41 in the same period of 2022, indicating a decrease of 29.38%[20] Future Outlook - The company expects continued growth in tire sales and improved gross margin due to product structure optimization and market enhancement[10] - The company is actively engaged in financing and margin trading activities with its shares, indicating strategic financial maneuvers[13]