SUNOREN(SH:603105)2023-10-25 16:00Financial Performance - Q3 2023 revenue was CNY 212,038,572.01, a decrease of 5.45% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 76,636,550.64, down 4.87% year-on-year[3] - Basic earnings per share for the quarter was CNY 0.15, a decline of 6.25% compared to the previous year[4] - Total operating revenue for the first three quarters of 2023 reached ¥543,540,633.77, an increase of 4.0% compared to ¥518,513,845.57 in the same period of 2022[20] - Net profit for the first three quarters of 2023 was ¥185,723,886.30, representing a 15.5% increase from ¥160,813,580.56 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 the same period of 2022, reflecting a growth of 15.6%[22] Assets and Liabilities - Total assets increased to CNY 3,727,951,150.06, reflecting a growth of 6.23% from the end of the previous year[4] - As of September 30, 2023, the total assets of the company amounted to RMB 3,727,951,150.06, an increase from RMB 3,509,406,813.96 at the end of 2022, representing a growth of approximately 6.24%[13] - Total liabilities as of the end of Q3 2023 amounted to ¥1,836,999,855.31, an increase of 5.3% from ¥1,744,179,405.51 at the end of Q3 2022[16] - The company's non-current assets totaled RMB 3,311,456,588.04, up from RMB 3,101,245,527.04, which is an increase of about 6.77%[15] Cash Flow - Cash flow from operating activities decreased by 41.06% year-to-date, primarily due to delayed subsidy payments[8] - Cash inflow from operating activities for the first three quarters of 2023 was ¥395,317,677.18, a significant decrease from ¥762,310,122.79 in 2022, down by 48.0%[23] - 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] - The net cash flow from investing activities was -¥352,897,727.71, compared to -¥281,344,580.85 in Q3 2022, showing an increase in cash outflow of approximately 25%[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,087[10] - The company has a strong shareholder base, with the top shareholder, Haining Zhengda, holding 69,920,000 shares, representing a significant portion of the total shares outstanding[12] Operating Costs and Expenses - Total operating costs for the first three quarters of 2023 were ¥330,236,415.07, slightly up from ¥328,505,850.90 in 2022, indicating a marginal increase of 0.5%[20] - Research and development expenses for the first three quarters of 2023 were ¥15,062,683.58, compared to ¥14,891,967.50 in 2022, indicating a slight increase of 1.1%[20] - The company reported a decrease in tax expenses to ¥26,895,841.11 in 2023 from ¥20,983,627.37 in 2022, reflecting an increase of 28.9%[21] - Tax payments amounted to ¥46,260,409.51, up from ¥39,700,990.72 in the same quarter last year, indicating an increase of approximately 16%[25] Inventory and Receivables - Accounts receivable increased significantly to RMB 204,393,382.48 from RMB 66,613,278.93, marking a growth of around 207.5%[13] - Inventory decreased to RMB 9,394,760.01 from RMB 14,836,398.49, showing a decline of approximately 36.5%[13] Financing Activities - 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 net cash flow from financing activities was ¥46,567,079.46, significantly higher than ¥9,834,225.90 in Q3 2022, indicating a substantial increase[26]