Sinosoft(603927)2023-10-26 16:00Cash Flow and Financial Performance - In the first three quarters of 2023, the cash inflow from operating activities was approximately ¥3.70 billion, an increase of 16.9% compared to ¥3.16 billion in the same period of 2022[6]. - The net cash outflow from operating activities for the first three quarters of 2023 was approximately -¥1.09 billion, an improvement from -¥1.41 billion in the same period of 2022[6]. - The total cash inflow from operating activities included ¥3.63 billion from sales of goods and services, up from ¥3.05 billion in the previous year[6]. - The cash received from tax refunds was approximately ¥8.88 million, down from ¥13.58 million in the same period of 2022[6]. - The cash outflow for taxes paid was approximately ¥177.62 million, a decrease from ¥204.20 million in the same period of 2022[6]. - The net cash flow from operating activities for the year-to-date was CNY -1,094,821,538.34, indicating a significant cash outflow[27]. - The cash inflow from other financing activities was approximately ¥176.89 million, with cash outflow for dividends and interest payments totaling approximately ¥325.90 million[12]. - The net cash flow from operating activities was CNY -1.095 billion, an increase of CNY 319 million compared to the same period last year[32]. - As of September 30, 2023, the company's cash and cash equivalents amounted to CNY 1.774 billion, down from CNY 3.057 billion at the end of 2022[33]. - The company is focusing on improving cash flow management and has strengthened the management of receivables during the reporting period[32]. Revenue and Profitability - The company's revenue for Q3 2023 was CNY 1,290,061,215.08, representing a decrease of 2.97% compared to the same period last year[27]. - Net profit attributable to shareholders for the same period was CNY 160,636,795.72, an increase of 12.93% year-over-year[27]. - The net profit excluding non-recurring gains and losses was CNY 156,548,332.95, reflecting a year-over-year increase of 14.97%[27]. - Basic earnings per share for Q3 2023 was CNY 0.2706, up 11.82% from the previous year[27]. - The total profit for the first three quarters of 2023 reached RMB 370 million, representing a year-on-year increase of 23.01%[50]. - The company reported a net profit of RMB 159 million for Q3 2023, a year-on-year increase of 31.25%[50]. - Total operating revenue for the first three quarters of 2023 reached CNY 3,920,597,493.34, a slight increase from CNY 3,891,831,972.10 in the same period of 2022, representing a growth of approximately 0.74%[60]. - Operating profit increased to CNY 368,535,925.33, up from CNY 298,758,253.85 in the previous year, marking a growth of approximately 23.36%[60]. - Total profit for the first three quarters of 2023 was CNY 369,926,101.17, compared to CNY 300,734,239.16 in 2022, indicating an increase of around 22.98%[60]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,636,308,928.56, a decrease of 2.82% from the end of the previous year[28]. - The total assets as of September 30, 2023, were CNY 6.301 billion, slightly down from CNY 6.493 billion at the end of 2022[33]. - The total liabilities amounted to CNY 4,069,982,708.29, slightly decreasing from the previous period[20]. - Total liabilities decreased from RMB 4.07 billion to RMB 3.66 billion during the same period[55]. - Shareholders' equity attributable to the parent company increased by 8.03% to CNY 2,980,297,377.59 compared to the previous year-end[28]. - The equity attributable to shareholders of the parent company increased from RMB 2.76 billion to RMB 2.98 billion[55]. Research and Development - R&D expenses for the first nine months of 2023 amounted to RMB 702 million, a 6.92% increase compared to the same period last year[51]. - The company is focusing on key R&D areas including vertical AIGC applications and data governance, enhancing its product and service capabilities[51]. - The company continues to enhance its R&D framework, focusing on practical applications and industry-specific technologies[51]. - Research and development expenses rose to CNY 701,671,374.99, up from CNY 656,236,350.91, which is an increase of approximately 6.92%[60]. Operational Performance - The company's software business continued to grow, while the system integration business saw a decline due to the execution and acceptance cycles of large projects, with unexecuted project contracts totaling over CNY 2 billion[32]. - Software development and services generated revenue of RMB 3.34 billion, up 1.96% year-on-year, while system integration revenue was RMB 565 million, down 5.86%[49]. - The company signed new orders for both software and system integration businesses, further supporting the sustainable development of its operations[32]. Expenses and Financial Losses - Total operating costs decreased to CNY 3,557,903,181.19 from CNY 3,576,731,347.86 in 2022, reflecting a reduction of about 0.53%[60]. - Sales expenses increased to CNY 242,579,269.61 from CNY 231,741,203.99, reflecting a growth of about 4.00%[60]. - The company reported a net credit impairment loss of CNY 13,564,496.27, compared to a loss of CNY -12,113,738.65 in the previous year[60]. - Other income decreased slightly to CNY 31,018,005.34 from CNY 32,048,964.94, a decline of approximately 3.21%[60]. - The company experienced a fair value loss of CNY -2,288,903.01, compared to a loss of CNY -720,665.73 in the same period last year[60]. - The company’s financial expenses showed a slight improvement, with a net financial cost of CNY -36,212,355.31 compared to CNY -36,315,930.28 in 2022[60].