CNECC(SH:601611)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was approximately ¥24.02 billion, a decrease of 1.88% compared to ¥24.48 billion in the same period last year[3]. - Net profit attributable to shareholders was approximately ¥517.91 million, representing a year-on-year increase of 12.95% from ¥458.53 million[3]. - The net profit excluding non-recurring gains and losses was approximately ¥518.48 million, up 19.40% from ¥439.87 million in the previous year[3]. - The basic earnings per share for Q3 2023 was ¥0.17, down 15.00% from ¥0.20 in the same period last year[3]. - Net profit for the third quarter of 2023 was ¥1,942,334,950.68, up from ¥1,790,930,432.67 in the same quarter of 2022, reflecting a growth of approximately 8.5%[20]. - The net profit attributable to the parent company for Q3 2023 was approximately ¥1.41 billion, an increase from ¥1.29 billion in Q3 2022, reflecting a growth of about 9.8%[21]. - The total comprehensive income for Q3 2023 reached approximately ¥1.94 billion, compared to ¥1.80 billion in the same period last year, indicating an increase of around 7.9%[21]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥215.41 billion, reflecting a year-on-year increase of 9.07%[3]. - The total assets as of the end of the third quarter of 2023 were ¥215,409,334,710.52, compared to ¥197,499,478,527.45 at the end of the same quarter in 2022, showing an increase of approximately 9%[17]. - The total liabilities as of the end of the third quarter of 2023 were ¥177,120,258,203.85, up from ¥162,384,172,560.32 in the same period of 2022, representing an increase of about 9.1%[17]. - The total liabilities as of September 30, 2023, are not explicitly stated but are implied to have increased due to the growth in assets and guarantees[15]. - The equity attributable to shareholders was approximately ¥28.20 billion, an increase of 12.25% compared to the previous year[3]. - The total equity attributable to shareholders as of the end of the third quarter of 2023 was ¥28,200,390,006.96, compared to ¥25,123,579,412.83 in the same period of 2022, indicating a growth of approximately 8.3%[17]. Cash Flow - The company reported a net cash flow from operating activities of approximately -¥15.94 billion for the year-to-date, a decrease from -¥14.37 billion in the same period last year[3]. - The cash flow from operating activities for the first three quarters of 2023 was approximately ¥59.26 billion, down from ¥61.54 billion in the same period of 2022, representing a decrease of about 3.7%[23]. - The net cash flow from operating activities for Q3 2023 was negative at approximately -¥15.94 billion, compared to -¥14.37 billion in Q3 2022[23]. - The cash flow from investing activities for Q3 2023 was negative at approximately -¥840.63 million, a significant improvement from -¥3.13 billion in Q3 2022[24]. - The cash flow from financing activities for Q3 2023 was positive at approximately ¥12.77 billion, compared to ¥17.54 billion in Q3 2022, indicating a decrease of about 27.5%[24]. - The total cash and cash equivalents at the end of Q3 2023 were approximately ¥12.69 billion, down from ¥13.39 billion at the end of Q3 2022[24]. - The company's cash and cash equivalents were reported at RMB 15.20 billion, down from RMB 19.06 billion at the end of 2022, indicating a decrease of about 20%[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 94,617, with the largest shareholder being China National Nuclear Corporation, holding 56.66% of shares[9]. Research and Development - Research and development expenses increased by 61.09% year-to-date, attributed to investments in technology and installation process improvements[8]. - Research and development expenses for the third quarter of 2023 amounted to ¥1,750,034,345.75, significantly higher than ¥1,086,382,009.27 in the same quarter of 2022, marking an increase of about 61%[20]. Borrowings and Financing - The company experienced a 53.88% increase in short-term borrowings, driven by financing needs for production and operations[7]. - The company’s short-term borrowings rose to ¥25,325,649,053.58 in the third quarter of 2023, compared to ¥16,457,628,401.78 in the same period of 2022, indicating an increase of approximately 54%[16]. Other Information - The company has not disclosed any new product or technology developments in the third quarter report[12]. - There are no reported mergers or acquisitions in the third quarter, and no new market expansion strategies were mentioned[12]. - The company plans to provide a total guarantee amount of RMB 9.26 billion for its subsidiaries in 2023, with an actual guarantee amount of RMB 290 million reported for the third quarter[13]. - The company reported a decrease in cash received from operating activities related to other business activities, totaling approximately ¥2.78 billion in 2023 compared to ¥4.33 billion in 2022, a decline of about 35.8%[23]. - The deferred income tax assets increased to ¥1,955,122,312.75 in the third quarter of 2023 from ¥1,923,727,573.06 in the previous year, showing a slight increase of about 1.6%[16]. - Long-term receivables reached RMB 21.85 billion, up from RMB 20.50 billion, reflecting an increase of approximately 6.6%[15]. - Accounts receivable increased to RMB 46.26 billion from RMB 38.19 billion, representing a growth of approximately 21%[15]. - The total inventory as of September 30, 2023, was RMB 12.56 billion, compared to RMB 11.78 billion at the end of 2022, marking an increase of around 6.6%[15]. - The company reported a significant increase in contract assets, which rose to RMB 55.28 billion from RMB 42.55 billion, indicating a growth of about 30%[15].