MYSE(SH:601615)2023-10-27 16:00Revenue and Profit - Revenue for Q3 2023 reached ¥10,398,611,805.11, an increase of 40.04% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2023 was ¥573,680,529.77, a decrease of 48.65% year-over-year[3] - Net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥538,222,032.16, down 45.68% from the previous year[3] - Basic earnings per share for Q3 2023 was ¥0.26, a decline of 36.59% compared to the same period last year[4] - The decline in net profit for the year-to-date period was primarily due to falling wind turbine prices and a decrease in offshore wind turbine delivery scale[7] - The company reported a decrease of 65.56% in net profit attributable to shareholders for the year-to-date period[7] - The company experienced a 40.04% increase in revenue for Q3 2023, driven by higher sales of wind turbine and power station products[7] - Total revenue for the first three quarters of 2023 was ¥20,957,817,340.32, a decrease of 3.25% from ¥21,663,546,142.08 in the same period of 2022[15] - Net profit for the third quarter of 2023 was ¥1,265,026,165.74, down 64.4% compared to ¥3,554,858,732.07 in the same quarter of 2022[16] - The net profit attributable to the parent company's shareholders for Q3 2023 was approximately ¥1.23 billion, a decrease from ¥3.56 billion in Q3 2022, representing a decline of about 65.5%[17] - The total comprehensive income for Q3 2023 was approximately ¥1.26 billion, down from ¥3.41 billion in the same period last year, indicating a decrease of around 62.9%[17] - Basic earnings per share for Q3 2023 were ¥0.55, compared to ¥1.59 in Q3 2022, reflecting a decline of approximately 65.4%[17] Assets and Liabilities - Total assets as of the end of Q3 2023 amounted to ¥80,944,154,047.39, reflecting a 17.41% increase from the end of the previous year[4] - Non-current assets totaled ¥35,157,372,370.15, an increase of 5.03% from ¥33,476,177,440.30 year-over-year[15] - Total assets reached ¥80,944,154,047.39, up from ¥68,940,224,911.06, marking a growth of 17.5%[15] - Total liabilities amounted to ¥52,091,883,567.17, an increase of 28.4% from ¥40,574,884,646.57[15] - Short-term borrowings surged to ¥1,308,216,112.93, compared to ¥259,513,744.63, indicating a significant increase of 404.5%[15] - Long-term borrowings rose to ¥8,553,821,656.79, up from ¥5,256,600,986.02, reflecting a growth of 62.5%[15] - Total liabilities increased to CNY 46,869,089,386.28 in Q3 2023, compared to CNY 37,399,173,277.45 in Q3 2022, representing a rise of about 25.5%[23] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥1,019,248,155.40, with no applicable comparison due to prior negative cash flow[3] - The company's cash and cash equivalents as of September 30, 2023, amount to approximately RMB 10.27 billion, a decrease from RMB 11.16 billion at the end of 2022[13] - Cash inflow from operating activities for the first three quarters of 2023 was approximately ¥16.34 billion, an increase of about 22.0% from ¥13.37 billion in the same period of 2022[18] - The net cash flow from operating activities for Q3 2023 was approximately -¥2.32 billion, an improvement from -¥5.22 billion in Q3 2022[19] - Cash inflow from investment activities for Q3 2023 was approximately ¥1.55 billion, a significant decrease of about 82.1% compared to ¥8.68 billion in Q3 2022[19] - Cash inflow from financing activities for Q3 2023 was approximately ¥8.38 billion, down from ¥11.50 billion in Q3 2022, representing a decline of about 27.5%[20] - The total cash and cash equivalents at the end of Q3 2023 were approximately ¥9.82 billion, down from ¥11.90 billion at the end of 2022, indicating a decrease of about 17.5%[20] - The company received $1,869,671,322.94 in cash related to operating activities, an increase from $1,022,091,502.89 in the previous year[27] - Cash paid for purchasing goods and services was $17,046,617,932.20, compared to $16,689,214,556.04 in Q3 2022[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 145,734, with the top ten shareholders holding a combined 43.55% of shares[8] - The top shareholder, Hong Kong Central Clearing Limited, holds 11.26% of the shares, totaling 255,848,983 shares[8] - The total number of shares held by the top ten shareholders with unrestricted shares is 255,848,983, which is the same as the total held by Hong Kong Central Clearing Limited[8] Inventory and Receivables - Accounts receivable increased to RMB 15.12 billion, up from RMB 10.77 billion year-over-year, indicating a growth of approximately 40.5%[13] - Inventory has risen significantly to RMB 12.61 billion, compared to RMB 8.02 billion at the end of 2022, reflecting a year-over-year increase of about 57.5%[13] - The company's total current assets as of September 30, 2023, were approximately ¥46.45 billion, an increase of about 22.4% from ¥37.95 billion at the end of 2022[21] - Inventory as of September 30, 2023, was approximately ¥7.75 billion, an increase of about 37.8% from ¥5.62 billion at the end of 2022[21] Research and Development - The company reported a decrease in research and development expenses to ¥727,222,738.83 from ¥848,327,448.89, a decline of 14.3%[16] - Research and development expenses for the first three quarters of 2023 were CNY 387,816,012.67, down from CNY 658,335,554.48 in the same period of 2022, a decrease of approximately 41%[24]