XJEC(000400)2023-10-27 16:00Revenue and Profit Growth - Revenue for the reporting period increased by 18.87% year-over-year to 3,549,626,377.85 yuan[4] - Net profit attributable to shareholders of the listed company rose by 15.51% year-over-year to 223,744,315.07 yuan[4] - Cumulative revenue from the beginning of the year to the end of the reporting period reached 10,663,887,449.02 yuan, a 16.98% increase compared to the same period last year[4] - Operating revenue for the period reached 10.66 billion yuan, up from 9.12 billion yuan in the same period last year[17] - Net profit attributable to the parent company's owners rose to 8.35 billion yuan, compared to 7.72 billion yuan at the beginning of the year[16] - Net profit attributable to parent company shareholders reached 772,074,066.89 yuan, an increase of 19.1% compared to the same period last year[18] - Revenue from sales of goods and services rose to 10,230,179,517.70 yuan, a 31.8% increase from the previous year[20] - Net profit attributable to shareholders of the parent company increased by 101,542.24 yuan[23] - Net profit increased by 84,457.32 yuan[23] Cash Flow and Financial Activities - Net cash flow from operating activities surged by 157.23% year-over-year to 1,468,989,378.43 yuan[5] - Net cash flow from operating activities increased by 157.23% to 1.47 billion yuan, primarily due to increased collections[11] - Net cash flow from investing activities decreased by 800.56% to -417.44 million yuan, mainly due to capital increase payments for XD Group Finance Co., Ltd[11] - Net cash flow from financing activities decreased by 53.38% to -286.73 million yuan, mainly due to repayment of medium-term notes[11] - Operating cash flow increased significantly to 1,468,989,378.43 yuan, up 157.2% year-over-year[20] - Investment activities resulted in a net cash outflow of 417,444,158.53 yuan, primarily due to increased capital expenditures[21] - The company raised 183,649,910.00 yuan through equity financing, including 56,000,000.00 yuan from minority shareholders[21] Assets and Liabilities - Total assets grew by 10.59% compared to the end of the previous year, reaching 20,969,127,110.97 yuan[5] - Total assets increased to 20.97 billion yuan as of September 30, 2023, compared to 18.96 billion yuan at the beginning of the year[14][15][16] - Total liabilities increased to 9.21 billion yuan as of September 30, 2023, compared to 8.05 billion yuan at the beginning of the year[15][16] - Cash and cash equivalents grew to 4.43 billion yuan, up from 3.70 billion yuan at the beginning of the year[14] - Accounts receivable increased to 7.10 billion yuan, compared to 6.44 billion yuan at the beginning of the year[14] - Inventory rose to 3.18 billion yuan, up from 2.80 billion yuan at the beginning of the year[14] - Fixed assets decreased to 1.53 billion yuan, down from 1.62 billion yuan at the beginning of the year[15] - Total equity attributable to the parent company's owners increased to 10.74 billion yuan, compared to 10.08 billion yuan at the beginning of the year[16] - Cash and cash equivalents at the end of the period amounted to 4,358,308,396.53 yuan, a 41.6% increase from the beginning of the year[21] Earnings and Shareholder Information - Basic earnings per share increased by 15.51% year-over-year to 0.2219 yuan per share[5] - Basic earnings per share stood at 0.7657 yuan, representing a 19.1% growth compared to the same period last year[19] - China Electric Equipment Group Co., Ltd holds 37.91% of the company's shares, totaling 386.29 million shares[12] - Hong Kong Securities Clearing Company Limited holds 8.70% of the company's shares, totaling 88.64 million shares[12] - Qianhai Life Insurance Co., Ltd holds 1.94% of the company's shares, totaling 19.75 million shares[12] - Minority shareholders' profit and loss decreased by 17,084.92 yuan[23] Non-Recurring Items and Accounting Policies - Non-recurring gains and losses for the reporting period amounted to 32,124,116.03 yuan, primarily from government subsidies and debt restructuring[6][7] - The company implemented new accounting policies effective January 1, 2023, in accordance with the Ministry of Finance's Interpretation No. 16 of the Enterprise Accounting Standards[5] - The company received 141,513,656.15 yuan in tax refunds, nearly doubling the amount from the previous year[20] - The company's third quarter report was not audited[23] Accounts Receivable and Prepayments - Accounts receivable financing decreased by 32.06% to 962.39 million yuan due to the transfer and maturity of bank acceptance bills[10] - Prepayments increased by 39.26% to 821.06 million yuan, mainly due to increased prepayments for materials[10] - Other receivables rose by 50.93% to 180.53 million yuan, driven by increased bid security deposits[10] Investments and Capital Expenditures - Other equity instrument investments surged by 11,351.74% to 332.51 million yuan due to capital increase in XD Group Finance Co., Ltd[10] - Capital expenditures for fixed assets, intangible assets, and other long-term assets totaled 89,766,779.18 yuan, an 88.7% increase year-over-year[21] R&D and Credit Impairment - R&D expenses increased to 495.32 million yuan, up from 446.22 million yuan in the same period last year[17] - Credit impairment losses decreased to 59,029,836.53 yuan, showing a 15.1% improvement year-over-year[18] Tax and Income - Income tax expenses decreased by 84,457.32 yuan[23]