BYE(603861)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 1,044,253,574.59, representing a year-on-year increase of 7.23%[5] - The net profit attributable to shareholders for Q3 2023 was CNY 4,893,363.50, a decrease of 87.28% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 5,908,962.61, down 86.08% year-on-year[5] - The basic earnings per share for Q3 2023 was CNY 0.0112, reflecting a decline of 87.27% from the previous year[6] - Operating profit for Q3 2023 was ¥68,001,201.35, recovering from a loss of ¥11,506,118.01 in Q3 2022[21] - Net profit for Q3 2023 was ¥60,431,594.80, compared to a net loss of ¥21,864,310.53 in Q3 2022, indicating a turnaround in profitability[22] - Earnings per share for Q3 2023 were ¥0.1405, a recovery from a loss of ¥0.0392 per share in Q3 2022[23] - The company reported a total comprehensive income of ¥60,431,594.80 for Q3 2023, compared to a loss of ¥21,864,310.53 in Q3 2022[22] Assets and Liabilities - The total assets at the end of Q3 2023 amounted to CNY 8,878,866,532.01, an increase of 4.33% compared to the end of the previous year[6] - Total assets as of September 30, 2023, amounted to RMB 8,878,866,532.01, an increase from RMB 8,510,738,628.19 at the end of 2022[16] - Current assets reached RMB 4,829,302,773.90, compared to RMB 4,368,397,212.95 at the end of 2022, reflecting a growth of approximately 10.55%[16] - Total liabilities as of September 30, 2023, were RMB 4,432,782,597.67, up from RMB 4,009,758,680.19, marking an increase of around 10.54%[17] - Total liabilities as of Q3 2023 amounted to ¥5,824,775,605.02, an increase from ¥5,500,916,289.01 in the previous year[21] - Total equity attributable to shareholders reached ¥2,838,352,327.20, up from ¥2,788,006,007.62 in Q3 2022[21] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -171,896,601.08, a decline of 294.58% compared to the previous year[6] - Cash inflow from operating activities for the first three quarters of 2023 was approximately 2.75 billion in the same period of 2022[24] - Net cash flow from operating activities turned negative at approximately -88.34 million in 2022[24] - Cash inflow from investment activities was approximately 1.21 billion in Q3 2022[25] - Net cash flow from investment activities improved to approximately 280.47 million in Q3 2022[25] - Cash inflow from financing activities was approximately 918.93 million in Q3 2022[25] - Net cash flow from financing activities was negative at approximately -264.49 million in Q3 2022[25] - The ending cash and cash equivalents balance for Q3 2023 was approximately 1.27 billion at the end of Q3 2022[25] Operational Highlights - The company reported a significant increase in order volume, which contributed to the revenue growth in sectors such as rail transit and new energy[10] - The company experienced a substantial increase in credit impairment losses due to the aging of accounts receivable, impacting net profit[10] - The company received government subsidies amounting to CNY 3,646,478.19 during the reporting period, which were closely related to its normal business operations[8] - The company reported a significant increase in inventory, with total inventory reaching RMB 1,803,079,589.24, up from RMB 1,419,161,078.01, reflecting a growth of approximately 26.94%[16] - The company has not disclosed any new product launches or technological advancements during this reporting period[15] - Research and development expenses for Q3 2023 were ¥86,559,301.51, an increase from ¥72,799,501.07 in Q3 2022, reflecting a focus on innovation[21]