SDRB(SZ:000498)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥14,355,083,467.60, a decrease of 7.82% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2023 was ¥286,651,046.60, down 49.70% year-on-year[4]. - The net profit after deducting non-recurring gains and losses was ¥267,891,778.35, a decrease of 44.60% compared to the previous year[4]. - Basic earnings per share for Q3 2023 were ¥0.1542, down 54.77% from the same period last year[4]. - The company’s net profit for Q3 2023 was CNY 1,815,365,733.73, a decrease of 12.85% compared to CNY 2,083,092,740.79 in Q3 2022[24]. - The total profit for the period was CNY 2,297,140,276.74, down from CNY 2,613,290,663.85, representing a decline of 12.0%[24]. - The company’s total comprehensive income for the period was CNY 1,851,038,139.95, compared to CNY 1,981,222,689.05 in the previous year, a decrease of 6.6%[25]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥3,598,335,955.47, representing a decline of 142.31% year-on-year[4]. - The net cash flow from operating activities decreased by 142.31% to CNY -3,598,335,955.47, primarily due to mismatches in sales receipts and procurement payments[12]. - The net cash flow from investing activities decreased by 128.40% to CNY -7,051,053,819.66, reflecting reduced investment in funded construction projects[12]. - The net cash flow from financing activities increased by 294.37% to CNY 12,283,099,071.21, driven by the issuance of convertible bonds[13]. Assets and Liabilities - Total assets as of September 30, 2023, were ¥126,010,260,034.87, an increase of 14.34% compared to the end of the previous year[4]. - The total liabilities of the company were CNY 98.43 billion, an increase of 15.77% from CNY 84.98 billion at the beginning of the year[21]. - The company's equity attributable to shareholders was ¥18,462,948,202.06, reflecting an increase of 8.77% from the previous year[4]. - Current assets totaled CNY 88.84 billion, up 12.65% from CNY 78.87 billion at the start of the year[20]. - Total liabilities reached CNY 8,457,556,234.74, with non-current liabilities at CNY 3,632,299,066.12[36]. Borrowings and Financing - Short-term borrowings rose by 67.55% to CNY 10,782,861,402.08 as the company increased bank short-term loans for liquidity support[10]. - Long-term borrowings reached CNY 10.51 billion, up 26.88% from CNY 8.29 billion at the start of the year[21]. - The company raised CNY 30,055,514,121.25 through financing activities, significantly higher than CNY 14,264,537,004.45 in the same period last year, indicating a growth of 110.0%[27]. Inventory and Receivables - The company reported an increase in impairment provisions for receivables and contract assets, which negatively impacted profits[5]. - The company's accounts receivable dividends decreased by 85.22% to CNY 3,501,771.01 due to the recovery of external investment receivables[10]. - Inventory increased by 39.04% to CNY 4,206,214,910.38 primarily due to moderate material preparation for ongoing projects[10]. Research and Development - Research and development expenses increased to CNY 1,107,726,310.34, compared to CNY 999,900,747.10 in the previous year, reflecting a rise of 10.8%[24]. Other Financial Metrics - The company reported a significant increase in financial expenses, totaling CNY 581,413,874.06, up from CNY 354,153,493.93, marking a rise of 64.0%[24]. - The company's deferred income increased by 534.63% to CNY 437,071,117.27, mainly due to new government subsidies related to assets[10]. - The company has implemented a new accounting policy effective January 1, 2023, impacting the financial statements[29].