SUNOREN(SH:603105)2023-10-24 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥212,038,572.01, a decrease of 5.45% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2023 was ¥76,636,550.64, down 4.87% year-on-year[3]. - The basic earnings per share for Q3 2023 was ¥0.15, reflecting a decline of 6.25% compared to the previous year[4]. - Total operating revenue for the first three quarters of 2023 reached ¥543.54 million, an increase of 4.0% compared to ¥518.51 million in the same period of 2022[20]. - Net profit for the first three quarters of 2023 was ¥185.72 million, representing a 15.5% increase from ¥160.81 million in the same period of 2022[21]. - Basic and diluted earnings per share for the first three quarters of 2023 were both ¥0.37, up from ¥0.32 in 2022, reflecting a growth of 15.6%[22]. Assets and Liabilities - Total assets at the end of Q3 2023 reached ¥3,727,951,150.06, representing a 6.23% increase from the end of the previous year[4]. - The total liabilities of the company increased, with accounts payable decreasing to RMB 54,215,705.65 from RMB 65,380,857.69, a decline of about 17.8%[15]. - Total liabilities as of the end of Q3 2023 amounted to ¥1.84 billion, an increase of 5.3% from ¥1.74 billion at the end of Q3 2022[16]. - The total equity attributable to shareholders at the end of Q3 2023 was ¥1,890,951,294.75, an increase of 7.12% from the end of the previous year[4]. - Total equity attributable to shareholders reached ¥1.89 billion, up 7.1% from ¥1.77 billion in the previous year[16]. Cash Flow - The company's cash flow from operating activities for the year-to-date period decreased by 41.06% compared to the same period last year, totaling ¥247,279,489.34[8]. - The net cash flow from operating activities for Q3 2023 was ¥247,279,489.34, a decrease from ¥419,528,333.85 in Q3 2022, indicating a decline of approximately 41% year-over-year[25]. - Total cash outflow from operating activities amounted to ¥148,038,187.84, down from ¥342,781,788.94 in the previous year, reflecting a reduction of about 57%[25]. - Cash inflow from financing activities totaled ¥475,041,500.00, a decrease from ¥634,350,000.00 in the same quarter last year, representing a decline of about 25%[26]. - The ending balance of cash and cash equivalents was ¥79,347,869.49, down from ¥191,170,327.83 in the previous year, reflecting a decrease of approximately 59%[26]. Operational Metrics - The company's photovoltaic power generation revenue showed a slight decrease in Q3 2023, primarily due to a reduction of 41 hours in equivalent sunlight hours compared to the previous year[5]. - The average electricity price for photovoltaic generation decreased by ¥0.02 per kilowatt-hour compared to the previous year, attributed to improved electricity supply conditions[5]. - Research and development expenses for the first three quarters of 2023 were ¥15.06 million, a slight increase from ¥14.89 million in 2022, indicating a focus on innovation[20]. Government Support and Investments - The company received government subsidies related to distributed photovoltaic projects, amounting to ¥1,713,857.48 in the current period[6]. - The company has ongoing investments in new technologies and market expansion strategies, although specific figures were not disclosed in the report[12]. - The company plans to expand its market presence and invest in new technologies to drive future growth[20]. Employee and Tax Expenses - The company paid ¥37,265,885.89 in employee compensation, up from ¥30,891,078.85 in the previous year, which is an increase of approximately 21%[25]. - The company incurred tax payments of ¥46,260,409.51, compared to ¥39,700,990.72 in Q3 2022, reflecting an increase of about 16%[25].