东方电缆(603606) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was CNY 1,661,425,576.40, a decrease of 7.97% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2023 was CNY 205,313,386.57, down 4.09% year-on-year[4] - The net profit excluding non-recurring gains and losses for Q3 2023 was CNY 195,204,020.53, a decline of 13.10% compared to the previous year[4] - The basic earnings per share for Q3 2023 was CNY 0.30, a decrease of 3.23% year-on-year[5] - The company achieved a main business revenue of 1.659 billion RMB in Q3 2023, a year-on-year decrease of 7.58%[11] - The net profit attributable to shareholders was 205 million RMB, down 4.09% compared to the same period last year[11] - For the first nine months of 2023, the cumulative main business revenue was 5.344 billion RMB, a decrease of 5.49% year-on-year[11] - The net profit attributable to shareholders for the first nine months was 822 million RMB, an increase of 11.63%[11] - Total operating revenue for the first three quarters of 2023 was RMB 5,349,500,168.04, a decrease of 5.55% compared to RMB 5,664,690,689.82 in the same period of 2022[19] - Operating profit for the first three quarters of 2023 increased to RMB 956,732,799.84, up 13.54% from RMB 842,349,875.97 in 2022[21] - Net profit attributable to shareholders of the parent company was RMB 821,873,173.99, representing an increase of 11.6% compared to RMB 736,249,474.04 in the previous year[22] - Basic and diluted earnings per share for the first three quarters of 2023 were both RMB 1.20, up from RMB 1.07 in the same period of 2022[23] - Total comprehensive income for the first three quarters of 2023 was RMB 865,134,528.71, an increase from RMB 514,834,312.82 in the previous year[22] Assets and Equity - The total assets at the end of Q3 2023 amounted to CNY 10,386,561,576.85, representing a 13.05% increase from the end of the previous year[5] - The equity attributable to shareholders at the end of Q3 2023 was CNY 6,186,672,826.68, an increase of 12.61% compared to the end of the previous year[5] - The total assets as of September 30, 2023, amounted to 10.387 billion RMB, an increase from 9.188 billion RMB at the end of 2022[18] - The equity attributable to shareholders reached approximately 6.187 billion RMB, up from 5.494 billion RMB at the end of 2022[18] Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY 71,012,578.91 for the year-to-date period[5] - The net cash flow from investing activities was -515,167,642.48 CNY, compared to -225,320,983.73 CNY in the previous period, indicating a significant increase in cash outflow[25] - The total cash outflow from investing activities was 556,714,976.99 CNY, significantly higher than 247,522,188.09 CNY in the previous period[25] - The company reported a cash decrease of 435,026,634.18 CNY during the period, compared to a decrease of 632,835,835.09 CNY in the previous period[25] - The cash inflow from investment activities totaled 41,547,334.51 CNY, compared to 22,201,204.36 CNY in the previous period, showing an increase in cash received from investments[25] - The cash outflow for the acquisition of fixed assets and intangible assets was 537,449,476.99 CNY, up from 231,177,188.09 CNY in the previous period[25] - The cash and cash equivalents at the end of the period stood at 1,547,426,367.98 CNY, compared to 862,283,463.38 CNY at the end of the previous period[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 71,998[8] - The largest shareholder, Ningbo Dongfang Group Co., Ltd., held 31.63% of the shares[8] Contracts and Backlog - The company has secured contracts exceeding 2 billion RMB for various cable system projects, including both submarine and land cable systems[11] - As of the end of Q3 2023, the company had an order backlog of approximately 7.1 billion RMB, with 3.605 billion RMB from submarine cable systems[11] - The company signed a land use rights contract for a 49,737 square meter plot to support future offshore wind development and cable technology requirements[12] Expenses and Tax - Research and development expenses for the first three quarters of 2023 were RMB 191,139,533.83, slightly up from RMB 189,022,449.07 in 2022[21] - Tax expenses increased to RMB 130,570,291.30 from RMB 109,566,596.76, reflecting a rise of 19.2%[21] Accounting Practices - The company did not apply new accounting standards for the current year, indicating stability in financial reporting practices[26] - The company’s cash flow from operations was not detailed in the provided data, but the overall cash position reflects challenges in managing cash flows effectively[25]