SEWPG(SH:688660)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥1,682,529,098.68, representing a year-on-year increase of 10.33%[5] - The net profit attributable to shareholders for Q3 2023 was -¥281,450,800.83, with a year-to-date decrease of 6,110.27% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2023 was ¥5,924,270,707.81, a decrease of approximately 11.5% compared to ¥6,702,499,841.22 in the same period of 2022[21] - The net loss for the first three quarters of 2023 was ¥652,705,325.57, compared to a net profit of ¥10,861,191.11 in the same period of 2022[22] - The company's gross profit margin was approximately -12.8% for the first three quarters of 2023, compared to a positive margin in the same period of 2022[21] - The basic and diluted earnings per share for Q3 2023 were both -¥0.21, with a year-to-date figure of -¥0.49, indicating a significant decline[5] - The basic and diluted earnings per share for the first three quarters of 2023 were both -¥0.49, compared to ¥0.01 in the same period of 2022[22] Assets and Liabilities - Total assets at the end of Q3 2023 amounted to ¥30,946,358,317.84, reflecting a 2.44% increase from the end of the previous year[6] - The total liabilities as of September 30, 2023, amounted to ¥24,455,388,287.55, an increase of approximately 6.1% from ¥23,057,967,466.83 at the end of 2022[18] - The total equity attributable to shareholders of the parent company decreased to ¥6,481,751,873.72 from ¥7,140,571,135.84, reflecting a decline of about 9.2%[18] - The company's total liabilities increased to ¥22,460,812,263.89 from ¥21,545,233,348.77, reflecting a rise of 4.25%[30] - The total owner's equity as of September 30, 2023, was ¥6,209,813,991.52, down from ¥6,883,975,856.61, a decline of 9.77%[30] Cash Flow - The company reported a net cash flow from operating activities of -¥3,826,871,751.14 year-to-date[5] - The net cash flow from operating activities was -CNY 3,826,871,751.14, an improvement from -CNY 4,597,940,996.09 in the first three quarters of 2022[23] - The cash inflow from financing activities reached ¥2.51 billion, slightly up from ¥2.50 billion in the previous year, resulting in a net cash flow from financing activities of ¥1.88 billion, compared to ¥1.55 billion in 2022[35] - The total cash outflow from operating activities was ¥10.75 billion, which is a slight increase from ¥10.35 billion in the same period of 2022[34] Research and Development - Research and development expenses totaled ¥116,581,726.32 in Q3 2023, a decrease of 28.02% year-on-year, while the R&D expense as a percentage of operating revenue was 6.93%[6] - Research and development expenses for the first three quarters of 2023 were ¥398,191,826.75, slightly down from ¥439,372,533.50 in 2022, indicating a decrease of about 9.4%[21] - The company's research and development expenses for the first three quarters of 2023 were ¥395,126,120.13, down from ¥432,457,304.70 in the previous year, a decrease of 8.63%[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,626[11] - The largest shareholder, Shanghai Electric Group Co., Ltd., held 59.4% of the shares, totaling 792,000,000 shares[11] Orders and Contracts - The company reported a total of 1,820.90 MW in new orders since the beginning of the year, with 453.20 MW of these being awarded but not yet contracted[14] - As of September 30, 2023, the company had a total of 9,066.65 MW in hand orders, including 1,007.15 MW that are awarded but not yet contracted[14] Financial Expenses - The company recorded a significant increase in financial expenses, totaling ¥59,041,257.51 in 2023, compared to ¥20,774,287.17 in the previous year[21] - The company's financial expenses for the first three quarters of 2023 were ¥42,417,912.81, compared to a financial income of -¥6,068,277.71 in the same period of 2022[31] Government Subsidies - The company received government subsidies amounting to ¥15,879,030.11 during the reporting period, primarily related to research projects[8]