Palm(SZ:002431)2023-10-26 16:00Revenue and Profitability - Revenue for Q3 2023 reached ¥1,457,223,632.08, an increase of 8.84% compared to the same period last year[4] - Net profit attributable to shareholders was -¥97,972,803.27, a decrease of 11.01% year-on-year[4] - Basic earnings per share for Q3 2023 was -¥0.05, reflecting a 16.67% improvement compared to the previous year[4] - Total operating revenue for the current period reached CNY 3,510,260,828.51, an increase of 19.1% compared to CNY 2,944,761,627.71 in the previous period[30] - The net loss for the current period was CNY 298,587,843.25, an improvement from a net loss of CNY 392,309,040.67 in the same period last year[31] - Basic and diluted earnings per share were both reported at -0.16, an improvement from -0.25 in the same period last year[31] - The total comprehensive loss for the current period was CNY 294,583,571.40, compared to a loss of CNY 377,064,717.55 in the previous year[31] Cash Flow and Investments - Operating cash flow net amount increased by 845.68% year-to-date, totaling ¥72,302,058.38[4] - Cash inflow from operating activities for Q3 2023 was CNY 3,164,311,346.05, an increase of 12.7% compared to CNY 2,807,217,921.23 in Q3 2022[33] - Net cash flow from operating activities was CNY 72,302,058.38, a significant recovery from a negative CNY 9,696,080.91 in the same period last year[33] - Cash inflow from investment activities totaled CNY 49,836,461.02, down 84.8% from CNY 328,889,268.52 in Q3 2022[34] - Net cash flow from investment activities was negative CNY 164,078,138.38, worsening from negative CNY 8,816,270.57 in the previous year[34] - Total cash inflow from financing activities reached CNY 4,660,127,317.36, an increase of 19.2% compared to CNY 3,908,099,086.34 in Q3 2022[34] - Net cash flow from financing activities was negative CNY 12,698,168.97, a decline from a positive CNY 423,923,209.38 in the same quarter last year[34] - The ending balance of cash and cash equivalents was CNY 133,469,316.17, down from CNY 677,246,091.44 at the end of Q3 2022[34] Assets and Liabilities - Total assets as of the end of the reporting period were ¥19,761,231,126.27, a 6.16% increase from the end of the previous year[5] - The company's total assets reached RMB 19,761,231,126.27, an increase from RMB 18,614,788,626.53 at the beginning of the year[26] - The company reported a total current liabilities of RMB 14,480,708,163.80, an increase from RMB 12,964,570,958.75 at the beginning of the year, indicating a rise of approximately 11.7%[27] - The company's total liabilities reached RMB 15,637,408,691.83, compared to RMB 14,197,896,064.64 at the start of the year, marking an increase of about 10.1%[27] - The company's total liabilities and equity increased to CNY 19,761,231,126.27 from CNY 18,614,788,626.53, indicating growth in financial leverage[28] Research and Development - Research and development expenses increased by 34.01% year-on-year, attributed to new R&D projects[15] - Research and development expenses increased to CNY 129,273,253.94, up from CNY 96,464,308.66, reflecting a focus on innovation[30] - The company has ongoing research and development efforts for new products and technologies, although specific details were not disclosed in the report[24] Market Activity and Contracts - The company secured four major contracts during the reporting period, with a total contract value of RMB 132,369,514.88 for the "New Xiang City Passenger Station Construction Project"[24] - The company achieved revenue of RMB 2,934.50 million from the "Shangqiu City Yucheng County Color Printing Packaging Park Construction Project" as of the reporting period[23] - The company is actively pursuing market expansion and strategic acquisitions to enhance its competitive position in the industry[24] Inventory and Receivables - The accounts receivable increased to RMB 2,282,292,865.68 from RMB 1,841,038,964.15, representing a growth of about 24.0%[26] - The company's inventory increased to RMB 352,742,434.43 from RMB 229,098,559.24, reflecting a growth of approximately 54.0%[26] Financial Management - The company reported a decrease in financial expenses to CNY 214,798,155.63 from CNY 295,278,080.06, indicating improved cost management[30] - Other comprehensive income after tax for the current period was CNY 4,004,271.85, down from CNY 15,244,323.12 in the previous period[31]