SXXC(002585)2023-10-29 16:00Financial Performance - The company's revenue for Q3 2023 was ¥1,352,486,613.48, representing a 1.98% increase compared to the same period last year, but a decline of 18.61% year-to-date[5]. - Net profit attributable to shareholders for Q3 2023 was ¥17,116,308.07, down 68.42% year-on-year, and a cumulative decline of 94.04% year-to-date[5]. - The basic earnings per share for Q3 2023 was ¥0.015, a decrease of 68.09% compared to the same period last year, and a year-to-date decline of 93.98%[5]. - Total operating revenue for the current period is ¥3,914,410,573.33, down 18.6% from ¥4,809,256,196.55 in the previous period[19]. - Net profit for the current period is ¥45,767,052.25, a significant decline of 94.0% compared to ¥768,070,456.47 in the previous period[20]. - Operating profit dropped to ¥35,207,448.48 from ¥883,497,268.07, reflecting a decrease of 96.0%[20]. - Basic earnings per share decreased to ¥0.040 from ¥0.664, a decline of 93.9%[21]. Assets and Liabilities - Total assets at the end of Q3 2023 were ¥12,938,248,609.77, an increase of 5.63% compared to the end of the previous year[5]. - Total current assets increased to ¥5,216,234,932.60 as of September 30, 2023, up from ¥5,101,200,195.20 at the beginning of the year, reflecting a growth of approximately 2.27%[16]. - Non-current assets totaled ¥7,722,013,677.17, up from ¥7,147,003,138.28, showing an increase of about 8.02%[16]. - Total liabilities increased to ¥3,401,676,530.59 from ¥2,528,122,427.35, representing a significant rise of around 34.38%[17]. - The equity attributable to shareholders decreased to ¥9,536,572,079.18 from ¥9,720,080,906.13, indicating a decline of about 1.89%[17]. Cash Flow and Financial Activities - Cash flow from operating activities for the year-to-date period was ¥687,618,977.39, reflecting a 3.55% increase[5]. - Cash and cash equivalents saw a net increase of 108.21% year-on-year, attributed to increased tax refunds and borrowing[11]. - Cash flow from operating activities generated ¥687,618,977.39, slightly up from ¥664,064,696.47 in the previous period[22]. - Investment activities resulted in a net cash outflow of ¥951,316,047.94, compared to a net outflow of ¥955,704,991.50 last year[23]. - Cash and cash equivalents at the end of the period increased to ¥595,700,203.90 from ¥529,135,220.51[23]. Government Support and Taxation - The company received government subsidies amounting to ¥2,977,797.50 in Q3 2023, with a total of ¥5,930,097.50 year-to-date[6]. - The company reported a 102.51% increase in tax refunds received compared to the previous year, primarily due to corporate income tax refunds[10]. - The company reported a tax expense of -¥11,289,815.09, contrasting with a tax expense of ¥112,027,577.06 in the previous period[20]. Borrowings and Financial Expenses - The company’s long-term borrowings increased by 159.84% compared to the beginning of the year, indicating a significant rise in bank credit utilization[9]. - The company’s financial expenses increased by 105.17% year-on-year, mainly due to higher borrowing costs[10]. - Short-term borrowings remained stable at ¥19,914,925.00, showing minimal change from ¥19,916,583.33[16]. Shareholder Information - The top shareholder, Wu Peifu, holds 26.07% of the shares, amounting to 301,388,029 shares[14]. Other Information - The third quarter report has not been audited[24]. - The company is implementing new accounting standards starting from 2023[24]. - The financial statement items related to the first-time application of new accounting standards are applicable[24]. - The board of directors announced the third quarter report on October 27, 2023[24].