SKSHU(SH:603737)2023-10-13 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥3,674,449,682.70, representing a year-on-year increase of 13.41%[4] - The net profit attributable to shareholders for Q3 2023 was ¥243,979,408.34, an increase of 19.13% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date was ¥436,169,769.35, reflecting a significant increase of 103.99%[5] - Basic earnings per share for the year-to-date stood at ¥1.05, up 84.21% year-on-year[5] - Operating profit for Q3 2023 was ¥696,338,794.97, up 108.3% from ¥334,765,553.01 in Q3 2022[19] - Net profit attributable to shareholders of the parent company for Q3 2023 was ¥554,542,861.06, a 84.3% increase from ¥300,665,595.88 in Q3 2022[19] - Basic earnings per share for Q3 2023 was ¥1.05, compared to ¥0.57 in Q3 2022, reflecting a significant improvement[20] - The total comprehensive income for Q3 2023 was ¥557,043,106.06, compared to ¥295,187,140.40 in Q3 2022, reflecting a growth of 88.7%[20] Assets and Liabilities - The total assets as of the end of the reporting period amounted to ¥15,388,422,746.42, an increase of 11.92% compared to the end of the previous year[5] - The company's current assets totaled RMB 8,801,948,847.43, up from RMB 7,321,105,702.59, indicating a year-over-year increase of about 20.24%[13] - Cash and cash equivalents increased to RMB 1,824,884,702.05 from RMB 1,064,137,669.65, reflecting a growth of approximately 71.55%[13] - Accounts receivable rose to RMB 4,862,202,763.76, compared to RMB 4,239,811,073.34, marking an increase of about 14.69%[13] - Inventory levels increased to RMB 799,817,386.41 from RMB 656,919,377.34, which is an increase of approximately 21.69%[13] - The company's non-current assets totaled RMB 6,586,473,898.99, slightly up from RMB 6,427,804,760.61, showing a growth of about 2.48%[16] - The total liabilities increased to RMB 8,200,000,000, which is a significant rise compared to the previous year, indicating a growing leverage position[16] - Total liabilities increased to ¥12,308,255,791.73 in Q3 2023, up from ¥11,275,786,614.57 in Q3 2022, indicating a growth of 9.2%[17] - The company’s non-current liabilities totaled ¥2,340,190,092.73 in Q3 2023, an increase from ¥2,067,241,342.64 in Q3 2022, representing a growth of 13.2%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,342, with the largest shareholder holding 67.02% of the shares[10] - Total equity attributable to shareholders of the parent company rose to ¥2,876,675,102.71 in Q3 2023, compared to ¥2,272,125,718.81 in Q3 2022, marking a 26.6% increase[17] Cash Flow - The company reported a net cash flow from operating activities of ¥597,850,086.36 for the year-to-date, an increase of 10.68%[5] - The total cash inflow from operating activities for the first three quarters of 2023 was CNY 10,366,460,310.61, an increase of 17.4% compared to CNY 8,831,342,713.33 in the same period of 2022[23] - The net cash flow from operating activities for the first three quarters of 2023 was CNY 597,850,086.36, up from CNY 540,180,011.72 in the previous year, reflecting a growth of 10.7%[23] - Cash inflow from investment activities totaled CNY 857,873,300.01, significantly higher than CNY 80,182,415.53 in the same period last year[23] - The net cash flow from investment activities was -CNY 636,286,791.66, an improvement from -CNY 792,409,230.37 in the previous year[23] - Cash inflow from financing activities reached CNY 3,631,263,947.43, compared to CNY 2,900,663,903.34 in the same period of 2022, marking an increase of 25.2%[23] - The net cash flow from financing activities was CNY 237,353,397.85, up from CNY 207,322,297.07 in the previous year, indicating a growth of 14.5%[23] - The ending balance of cash and cash equivalents as of the end of the third quarter of 2023 was CNY 653,283,980.10, compared to CNY 352,228,741.46 at the same time last year, reflecting an increase of 85.5%[24] Operational Insights - The company attributed the increase in net profit to higher sales volume and improved gross margins, along with increased government subsidies[9] - The company is focusing on expanding its market presence and developing new products, although specific figures were not disclosed in the report[16] - Research and development expenses for the first three quarters of 2023 were ¥191,623,369.23, slightly up from ¥184,340,363.01 in the same period of 2022[18] - The company reported a total operating cost of ¥8,666,684,533.50 for the first three quarters of 2023, which is an increase of 15.0% from ¥7,537,901,264.45 in the same period of 2022[18]