东方日升(300118) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 reached ¥10,410,072,521.68, representing a 23.84% increase year-over-year[4] - Net profit attributable to shareholders was ¥418,230,874.91, a significant increase of 72.29% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥733,110,226.58, reflecting a 149.09% increase year-over-year[4] - The company's operating revenue for the current period reached ¥28,016,707,389.67, representing a year-on-year increase of 33.27% due to higher sales volume of photovoltaic modules[11] - Net profit for the current period was ¥1,299,422,968.31, reflecting a 72.28% increase compared to the same period last year, driven by increased sales of photovoltaic products[12] - The company reported a total comprehensive income of CNY 1.22 billion for Q3 2023, compared to CNY 732.55 million in Q3 2022, marking an increase of 66.7%[27] - Basic and diluted earnings per share for Q3 2023 were both CNY 1.15, compared to CNY 0.84 in the same quarter last year, representing a growth of 37%[27] - Operating profit for the quarter was CNY 1.93 billion, up from CNY 839.24 million in Q3 2022, showing an increase of 130.5%[26] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥52,997,846,198.24, up 38.51% from the end of the previous year[4] - The total liabilities reached ¥37,697,178,074.20, up from ¥27,861,643,313.71, marking an increase of about 35.4%[25] - The company's equity attributable to shareholders increased to ¥15,253,140,182.39, a rise of 62.76% compared to the previous year[4] - The company's cash and cash equivalents amounted to ¥12,288,288,463.05, up from ¥9,845,784,311.56 at the start of the year, reflecting a growth of approximately 24.6%[23] Cash Flow - The net cash flow from operating activities decreased by 51.86% to ¥1,350,776,724.01, primarily due to higher cash payments for materials exceeding the increase in cash received from sales[13] - Cash flow from investing activities showed a net outflow of CNY 5.04 billion, contrasting with a net inflow of CNY 255.23 million in the previous year[29] - Cash flow from financing activities generated a net inflow of CNY 4.73 billion, compared to a net outflow of CNY 697.82 million last year[29] - The ending balance of cash and cash equivalents was CNY 6.25 billion, up from CNY 4.48 billion year-over-year[30] Shareholder Information - The company’s total number of ordinary shareholders at the end of the reporting period was 78,685, with the largest shareholder holding 24.82%[15] - The total number of shares held by the top 10 unrestricted shareholders is 447,738,403, with 219,450,562 shares remaining after the release of restrictions[21] - The company has a total of 228,287,841 shares that are currently under lock-up or restrictions[21] - The company announced a share repurchase plan approved on September 6, 2023, to enhance shareholder value[22] Expenses and Investments - The total operating costs were ¥25,769,587,699.98, which is an increase of 27.1% compared to ¥20,258,409,405.76 from the previous year[25] - The company reported a significant increase in sales expenses, which rose by 86.94% to ¥361,264,180.51, due to expanded sales scale and increased personnel costs[11] - Research and development expenses amounted to CNY 694.82 million, slightly down from CNY 741.10 million in Q3 2022, reflecting a decrease of 6.2%[26] - The company incurred a financial expense of CNY -21.35 million, a significant improvement compared to CNY 63.10 million in Q3 2022, indicating a reduction in financial costs[26] Other Financial Metrics - The company recorded a substantial increase in undistributed profits, which reached ¥4,155,209,612.36, a 34.11% rise due to increased sales and net profit[9] - The company faced a 490.20% increase in credit impairment losses, totaling -¥138,556,417.76, due to an increase in accounts receivable[11] - The tax expense for Q3 2023 was CNY 155.35 million, compared to CNY 63.81 million in Q3 2022, which is an increase of 143.5%[26] - The company reported a net loss from investments of CNY 53.61 million, contrasting with a profit of CNY 112.99 million in the same quarter last year[26]