WXSJ(SH:603185)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥2,404,036,408.07, a decrease of 60.13% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2023 was ¥300,970,977.92, down 76.01% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥291,582,475.91, a decrease of 73.59% compared to the same period last year[3]. - The basic earnings per share for Q3 2023 was ¥0.709, down 69.70% year-on-year[4]. - The diluted earnings per share for Q3 2023 was ¥0.707, a decrease of 68.62% compared to the same period last year[4]. - The weighted average return on equity for Q3 2023 was 2.27%, a decrease of 10.55 percentage points year-on-year[4]. - The net profit for Q3 2023 was CNY 1,318,150,924.33, a decrease of 53.4% compared to CNY 2,830,619,850.59 in Q3 2022[20]. - Operating profit for Q3 2023 was CNY 1,432,341,428.88, down from CNY 3,164,521,757.02 in the same period last year, reflecting a decline of 54.8%[20]. - Total profit for Q3 2023 was CNY 1,430,571,147.13, down from CNY 3,163,420,827.06 in the previous year, reflecting a decline of 54.8%[20]. - Total comprehensive income attributable to the parent company for Q3 2023 was CNY 1,318,150,924.33, compared to CNY 2,830,619,850.59 in Q3 2022, indicating a decrease of 53.4%[21]. Revenue and Costs - Total operating revenue for the first three quarters of 2023 was RMB 9,577,856,342.28, a decrease from RMB 17,486,252,559.32 in the same period of 2022, representing a decline of approximately 45.2%[17]. - Total operating costs for the first three quarters of 2023 amounted to RMB 8,405,696,282.84, down from RMB 14,788,998,039.60 in 2022, indicating a reduction of about 43.5%[17]. - The decline in revenue and net profit was primarily attributed to the decrease in product prices within the photovoltaic industry chain[7]. Assets and Liabilities - The total assets at the end of Q3 2023 were ¥25,245,192,553.29, an increase of 20.02% compared to the end of the previous year[4]. - The equity attributable to shareholders at the end of Q3 2023 was ¥12,948,817,018.94, an increase of 3.30% compared to the end of the previous year[4]. - Total liabilities as of September 30, 2023, were RMB 12,296,375,534.35, up from RMB 8,498,500,036.62 at the end of 2022, representing an increase of about 44.5%[16]. - Current assets totaled RMB 9,637,014,603.94 as of September 30, 2023, compared to RMB 10,081,736,053.60 at the end of 2022, showing a decrease of about 4.4%[13]. - Inventory increased significantly to RMB 2,275,605,623.51 as of September 30, 2023, from RMB 1,473,831,453.88 at the end of 2022, marking an increase of approximately 54.3%[13]. - Short-term borrowings rose to RMB 100,000,000.00 as of September 30, 2023, compared to RMB 2,000,000.00 at the end of 2022, indicating a substantial increase[15]. - The company's total equity attributable to shareholders reached RMB 12,948,817,018.94 as of September 30, 2023, compared to RMB 12,535,581,347.85 at the end of 2022, indicating an increase of approximately 3.3%[16]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥307,411,037.74, down 88.62% year-on-year[4]. - The net cash flow from operating activities for Q3 2023 was $307,411,037.74, a significant decrease from $2,700,391,436.15 in Q3 2022, indicating a decline of approximately 88.6%[24]. - Total cash outflow from operating activities reached $10,609,760,080.25, compared to $6,115,488,467.76 in the same period last year, representing an increase of about 73.5%[24]. - The net cash flow from investing activities was -$692,701,685.54, an improvement from -$3,392,972,852.64 in Q3 2022, showing a reduction in losses by approximately 79.6%[24]. - Cash inflow from investing activities totaled $9,204,067,020.53, down from $21,531,207,100.87 year-over-year, reflecting a decrease of about 57.3%[24]. - Cash outflow from financing activities was $1,184,251,436.74, compared to $676,123,312.93 in Q3 2022, marking an increase of approximately 75%[24]. - The net cash flow from financing activities was -$548,239,151.14, contrasting with a positive cash flow of $1,843,429,279.07 in the previous year, indicating a shift of approximately 129.8%[24]. - The ending balance of cash and cash equivalents was $2,195,686,674.91, slightly down from $2,290,076,892.04 in Q3 2022, a decrease of about 4.1%[24]. - The company reported cash received from investment activities of $8,905,616,050.80, a decrease from $21,428,482,913.10 in the previous year, reflecting a decline of approximately 58.4%[24]. - The company’s cash outflow for capital expenditures was $1,976,158,905.65, compared to $1,094,790,395.58 in Q3 2022, representing an increase of about 80.4%[24]. Research and Development - Research and development expenses for Q3 2023 totaled CNY 480,536,791.18, a significant decrease of 51.2% from CNY 985,808,231.09 in Q3 2022[19]. - Other income for Q3 2023 was CNY 113,277,131.14, an increase from CNY 100,999,006.10 in Q3 2022, reflecting a growth of 12.6%[19]. - The company incurred financial expenses of CNY 14,973,639.23 in Q3 2023, a decrease of 80.5% from CNY 76,998,942.09 in Q3 2022[19]. - The company reported a tax expense of CNY 112,420,222.80 for Q3 2023, compared to CNY 332,800,976.47 in Q3 2022, a decrease of 66.3%[20].