SUFA(SZ:000777)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥324,078,742.66, representing a 23.26% increase year-over-year, while the year-to-date revenue totaled ¥1,117,228,612.51, up 36.39% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 was ¥61,656,941.39, a significant increase of 134.72% year-over-year, with a year-to-date net profit of ¥130,279,941.39, up 208.78%[5]. - The basic earnings per share for Q3 2023 was ¥0.1600, reflecting a 9.00% increase compared to the previous year, while the diluted earnings per share also stood at ¥0.1600[5]. - Operating profit for the period was ¥128,496,909.78, compared to ¥39,673,480.69 in the previous year, reflecting a substantial increase of approximately 223.5%[21]. - The company reported a net profit of ¥128,496,909.78 for the quarter, a significant improvement compared to the previous year's profit of ¥39,673,480.69[21]. - The company reported a total comprehensive income of approximately ¥129.04 million for Q3 2023, compared to ¥31.67 million in Q3 2022, marking an increase of 288.5%[22]. - Basic and diluted earnings per share for Q3 2023 were both ¥0.34, up from ¥0.11 in the same quarter last year, representing a growth of 209.1%[22]. Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥3,160,907,496.55, marking a 4.55% increase from the end of the previous year[5]. - The company's total assets as of September 30, 2023, were ¥3,160,907,496.55, up from ¥3,023,256,036.27 at the beginning of the year, marking an increase of about 4.5%[19]. - Current assets totaled ¥2,118,991,991.62, an increase from ¥1,973,798,026.18, representing a growth of approximately 7.4%[19]. - The company's total liabilities increased to ¥1,282,236,080.18 from ¥1,227,558,361.84, reflecting a rise of about 4.4%[19]. - Short-term borrowings rose to ¥148,600,000.00 from ¥118,500,000.00, indicating an increase of approximately 25.4%[19]. - Long-term borrowings increased by 176.19% to ¥29,000,000.00, driven by the need for additional bank loans to support working capital[9]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥287,956,894.09, which is a decrease of 4.28% year-to-date[5]. - The operating cash flow for the period was negative at approximately -¥287.96 million, slightly worse than the previous year's -¥276.14 million[23]. - Cash inflow from operating activities totaled approximately ¥771.47 million, down from ¥801.28 million in the prior year, reflecting a decrease of 3.7%[23]. - The cash flow from investing activities generated a net inflow of approximately ¥68.88 million, down from ¥86.62 million in the previous year, indicating a decrease of 20.5%[24]. - The company raised approximately ¥178.50 million through borrowings in Q3 2023, a decrease from ¥299.90 million in Q3 2022, reflecting a decline of 40.4%[24]. - The company reported a decrease in cash and cash equivalents by 70.38% to ¥92,493,094.64, mainly due to substantial purchases of raw materials[9]. - The cash and cash equivalents at the end of Q3 2023 were approximately ¥78.13 million, a decrease from ¥141.67 million at the end of Q3 2022[24]. Operating Costs and Expenses - Operating costs amounted to ¥889,681,970.94, reflecting a 31.83% increase compared to the previous period, primarily driven by the rise in operating revenue[12]. - Total operating costs amounted to ¥1,092,134,657.97, up from ¥873,386,541.48, indicating a year-over-year increase of about 25.1%[21]. - Sales expenses increased by 64.95% to ¥60,225,036.81, attributed to higher personnel salaries, business entertainment, travel, and modern service fees[12]. - The total operating expenses for Q3 2023 were approximately ¥1.06 billion, compared to ¥1.08 billion in the same period last year, showing a reduction of 1.3%[23]. - Research and development expenses for the quarter were ¥42,260,766.97, compared to ¥39,572,754.61 in the previous year, showing an increase of about 4.3%[21]. Other Financial Metrics - The weighted average return on equity for the year-to-date was 7.04%, an increase of 4.52% compared to the previous year[5]. - Investment income rose by 29.82% to ¥109,071,099.25, driven by increased disposal gains from associated enterprises[12]. - Credit impairment losses improved by 50.51%, totaling -¥2,238,917.86, due to a reduction in bad debt provisions for notes receivable and accounts receivable[12]. - The company reported a significant increase in asset impairment losses of 301.88%, amounting to -¥9,776,234.96, primarily from inventory write-downs and contract asset impairments[12]. - Other income decreased by 62.54% to ¥6,303,093.84, mainly due to a reduction in government grants for R&D projects[12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,243, with the largest shareholder, China Nuclear Suzhou Valve Co., Ltd., holding 17.87% of shares[14]. - The company does not have any preferred shareholders as of the reporting period[16].