西部建设(002302) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥5,537,659,315.59, a decrease of 13.21% compared to the same period last year[7]. - Net profit attributable to shareholders was ¥190,349,108.47, down 7.22% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥172,210,304.88, a decline of 13.57% compared to the previous year[7]. - Total operating revenue for Q3 2023 was ¥16,341,718,699.23, a decrease of 10.4% compared to ¥18,238,083,214.78 in Q3 2022[41]. - The net profit for the current period is CNY 400,421,051.56, a decrease from CNY 720,560,419.63 in the previous period, representing a decline of approximately 44.4%[44]. - The total profit for the current period is CNY 512,313,263.63, down from CNY 871,937,379.65, indicating a decrease of about 41.2%[44]. - The basic and diluted earnings per share for the current period are both CNY 0.2627, compared to CNY 0.4464 in the previous period, reflecting a decline of approximately 41.0%[47]. - The company experienced a 39.49% decline in net profit attributable to the parent company, mainly due to a decrease in gross profit margin on major products[15]. Assets and Liabilities - The total assets at the end of Q3 2023 reached ¥35,805,976,193.36, reflecting a growth of 6.02% from the end of the previous year[10]. - Total liabilities reached ¥25,058,859,194.20, compared to ¥23,077,866,458.00 at the end of the previous period, reflecting an increase of 8.6%[37]. - The total equity attributable to shareholders was ¥9,653,202,699.71, a slight decrease from ¥9,742,813,204.83 in the previous period[37]. - The company's cash and cash equivalents decreased to ¥2,119,324,045.00 from ¥4,646,576,449.53, representing a decline of 54.4%[30]. - Accounts receivable increased to ¥26,986,819,436.34, up 26.1% from ¥21,343,804,043.58[30]. - The company's inventory increased to ¥391,865,180.65 from ¥376,735,048.48, indicating a rise of 4.0%[30]. Cash Flow - Cash flow from operating activities showed a net inflow of -¥1,603,378,258.72, an improvement of 33.18% compared to the same period last year[7]. - Cash inflow from operating activities totaled CNY 9,721,749,261.10, compared to CNY 8,995,198,750.70 in the previous period, marking an increase of about 8.1%[47]. - Cash outflow from operating activities was CNY 11,325,127,519.82, slightly down from CNY 11,394,847,841.62, indicating a decrease of approximately 0.6%[47]. - The net cash flow from investment activities is CNY -220,228,555.96, worsening from CNY -120,758,576.51 in the previous period[51]. - The net cash flow from financing activities is CNY -673,288,665.38, compared to CNY -340,536,013.01 in the previous period, indicating a larger outflow[51]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 54,822[17]. - The largest shareholder, China Construction Xinjiang Group Co., Ltd., holds 31.43% of shares, totaling 396,731,588 shares[17]. - The top ten shareholders are primarily state-owned enterprises, indicating a concentrated ownership structure[17]. Future Plans and Offerings - The company plans to issue 280,016,005 shares at a price of 7.00 CNY per share, aiming to raise a total of 196,011.20 million CNY[26]. - The strategic investors include Anhui Conch Cement Co., Ltd. and China Construction Southwest Design and Research Institute Co., Ltd.[26]. - The company has extended the validity period of the non-public offering resolution by 12 months, now expiring on February 15, 2024[26]. - The issuance plan is subject to approval from the Shenzhen Stock Exchange and registration by the China Securities Regulatory Commission, with uncertainties regarding the timeline[26]. Expenses - Financial expenses increased by 108.08% year-on-year, primarily due to higher interest expenses on borrowings[15]. - Research and development expenses for Q3 2023 were ¥449,086,695.78, slightly down from ¥475,149,436.86 in Q3 2022[41].