SMTC(SH:900927)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 2,102,673,218.58, representing a year-on-year increase of 10.72%[5] - The net profit attributable to shareholders for Q3 2023 was a loss of CNY 28,317,326.84, a decrease of 160.39% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 7,541,940.05, down 83.16% year-on-year[6] - Total operating revenue for the first three quarters of 2023 reached ¥5,772,453,944.23, a 40.5% increase from ¥4,109,842,894.36 in the same period of 2022[20] - Net profit for the first three quarters of 2023 was ¥128,245,840.38, compared to ¥12,590,307.50 in 2022, marking a significant increase[21] - Earnings per share (EPS) for the first three quarters of 2023 was ¥0.2596, compared to ¥0.0475 in the previous year[22] - The company reported a decrease in comprehensive income attributable to the parent company, totaling ¥125,700,296.04 for the current period[22] Assets and Liabilities - The total assets at the end of Q3 2023 were CNY 3,388,090,657.10, a decrease of 2.37% from the end of the previous year[6] - The equity attributable to shareholders at the end of Q3 2023 was CNY 1,141,994,111.19, an increase of 12.37% compared to the end of the previous year[6] - As of September 30, 2023, the total current assets amounted to ¥2,898,494,851.22, an increase from ¥2,696,499,174.92 at the end of 2022, reflecting a growth of approximately 7.5%[16] - The total liabilities decreased to ¥2,200,572,775.42 from ¥2,400,374,020.40, indicating a reduction of approximately 8.3%[17] - The total assets as of September 30, 2023, were ¥3,388,090,657.10, down from ¥3,470,356,786.05, showing a decline of about 2.4%[17] - The total liabilities decreased to CNY 319,235,212.59 from CNY 334,069,495.81 at the end of 2022, indicating a reduction of approximately 4.4%[27] Cash Flow - The cash flow from operating activities for the year-to-date period was CNY 419,515,345.69, an increase of 103.16% compared to the same period last year[6] - The net cash flow from operating activities for Q3 2023 was CNY 419,515,345.69, an increase from CNY 206,495,026.76 in Q3 2022, representing a growth of approximately 103.5%[24] - Cash flow from operating activities was ¥6,254,806,909.00 for the first three quarters of 2023, an increase from ¥4,362,659,054.86 in 2022[23] - The net cash flow from operating activities for the first three quarters of 2023 was negative at CNY -13,381,370.70, compared to a positive CNY 2,030,929.41 in 2022[32] - The total cash inflow from investment activities was CNY 377,552,527.80, significantly higher than CNY 13,744,913.80 in the same period last year[24] Investments and Expenses - The company recognized a tax expense related to the transfer of a 38.57% stake in a joint venture, impacting the net profit for the current period[10] - The company’s net profit for the year-to-date period increased by 445.97% due to investment gains from the transfer of the joint venture stake[10] - Investment income for the first three quarters of 2023 was ¥143,209,972.49, up from ¥58,376,847.21 in the same period of 2022[20] - The company's financial expenses showed a significant reduction, with a net financial expense of -¥2,267,032.41 compared to ¥75,971.97 in the previous year[20] - The company’s financial expenses decreased significantly to CNY -1,261,418.79 in the first three quarters of 2023 from CNY 3,168,259.24 in 2022, indicating improved financial management[28] Inventory and Receivables - The company's inventory decreased to ¥1,110,403,622.62 from ¥1,538,040,552.64, a reduction of approximately 27.8%[16] - The accounts receivable decreased to ¥24,813,600.50 from ¥33,989,508.21, reflecting a decline of about 27.0%[16] - The company reported a significant increase in prepayments, which rose to ¥427,141,714.19 from ¥72,312,968.64, marking an increase of approximately 493.5%[16] Shareholder Information - The company has no known related party transactions among its top shareholders, ensuring transparency in ownership structure[13] - The company has not received any notice regarding the relocation due to land acquisition for its subsidiary, indicating stability in its automotive business operations[14]