SIEYUAN(002028)2023-10-20 16:00Revenue and Profit Growth - Revenue for the third quarter reached RMB 3.28 billion, a year-on-year increase of 23.38%[3] - Net profit attributable to shareholders of the listed company was RMB 447.76 million, up 43.20% year-on-year[3] - Basic earnings per share for the third quarter were RMB 0.58, up 41.46% year-on-year[3] - Total revenue for the first three quarters of 2023 reached 8.58 billion yuan, a 22.5% increase compared to 7.00 billion yuan in the same period last year[13] - Net profit attributable to the parent company's shareholders was 1.15 billion yuan, up 46.2% from 785.75 million yuan in the previous year[14] - Operating profit rose by 45.5% to 1.31 billion yuan, up from 900.03 million yuan in the same period last year[14] - Comprehensive income for the period reached 1,390,753,108.60 RMB, with 1,351,206,975.34 RMB attributable to the parent company's owners[15] - Basic and diluted earnings per share were both 1.49 RMB, compared to 1.02 RMB in the previous period[15] Asset and Liability Changes - Total assets as of the end of the reporting period were RMB 17.07 billion, an increase of 8.66% compared to the end of the previous year[3] - Total assets increased to 17,071,712,871.63 RMB as of September 30, 2023, compared to 15,714,883,628.64 RMB at the beginning of the year[12] - Current assets rose to 13,073,940,311.08 RMB from 12,073,564,306.50 RMB at the start of the year[12] - Accounts receivable grew to 4,236,170,952.67 RMB, up from 3,527,198,489.52 RMB at the beginning of 2023[12] - Inventory increased to 2,755,072,560.56 RMB compared to 2,458,679,992.63 RMB at the start of the year[12] - Contract liabilities surged to 1,128,782,756.11 RMB from 775,204,531.73 RMB at the beginning of 2023[12] - Fixed assets expanded to 1,298,527,652.62 RMB, up from 1,215,046,077.58 RMB at the start of the year[12] - Short-term borrowings decreased to 64,582,963.37 RMB from 109,291,334.51 RMB at the beginning of 2023[12] - Trade receivables increased to 926,163,669.00 RMB, slightly down from 973,630,166.44 RMB at the start of the year[12] - Goodwill significantly increased to 807,043,562.01 RMB from 51,305,250.31 RMB at the start of the year[12] - Total liabilities increased by 7.1% to 6.73 billion yuan, up from 6.28 billion yuan at the end of 2022[13] - Total equity attributable to the parent company's shareholders grew by 10.1% to 10.10 billion yuan, compared to 9.17 billion yuan at the end of 2022[13] Cash Flow and Financial Activities - Operating cash flow for the first three quarters was RMB 698.05 million, a significant increase of 1,877.79% year-on-year[3] - Cash flow from operating activities was 698,050,950.74 RMB, a significant improvement from -39,265,143.58 RMB in the previous period[16] - Cash received from sales of goods and services increased to 8,177,696,693.53 RMB from 6,558,099,463.88 RMB year-over-year[16] - Cash outflow for purchasing goods and services rose to 5,126,465,099.94 RMB from 4,692,490,256.55 RMB[16] - Cash flow from investing activities was -926,451,082.73 RMB, compared to -652,229,874.75 RMB in the previous period[17] - Cash received from investments increased significantly to 1,019,834,170.71 RMB from 7,249,538.08 RMB[17] - Cash outflow for acquiring subsidiaries and other business units was 884,211,088.44 RMB[17] - Cash flow from financing activities was -344,613,873.33 RMB, compared to -51,598,745.24 RMB in the previous period[17] Investments and Financial Instruments - The company's trading financial assets increased by 44.24% compared to the beginning of the year, mainly due to investments in structured deposits and other financial products[6] - Long-term equity investment decreased by 100% to RMB 2,458,255.34 due to losses from affiliated enterprises[7] - Other equity instrument investments decreased by 68.56% to RMB 1,269,095,933.07 due to the inclusion of investments in Xincarbon Energy into the company's consolidated scope[7] - Investment income increased by 122.80% to RMB 12,158,678.15 due to increased returns from structured deposits and other deposit products[7] - Cash received from investment income increased by 13967.57% to RMB 1,019,834,170.71 due to RMB 1 billion received from the distribution of funds from invested partnerships[7] R&D and Expenses - R&D expenses increased by 63.61% to RMB 627,322,367.48 due to continuous strengthening of R&D investment and new product development[7] - R&D expenses increased by 63.6% to 627.32 million yuan, compared to 383.42 million yuan in the same period last year[14] - Sales expenses increased by 29.2% to 376.76 million yuan, compared to 291.58 million yuan in the previous year[14] - Financial expenses increased by 82.29% to RMB -13,120,253.74 due to exchange rate changes affecting exchange gains and losses[7] Government Subsidies and Shareholder Information - The company received government subsidies of RMB 10.53 million during the reporting period[4] - The number of ordinary shareholders at the end of the reporting period was 16,864, with Dong Zengping holding 17.00% of the shares[9] Construction and Acquisitions - Construction in progress increased by 35.73% to RMB 205,599,330.39 due to infrastructure investments in Jiangsu Rugao and Changzhou production bases[7] - Goodwill increased by 1473.02% to RMB 807,043,562.01 due to the acquisition of Xincarbon Energy[7] - Cash paid for the acquisition of subsidiaries and other business units was RMB 884,211,088.44, mainly due to the payment for the acquisition of Xincarbon Energy[8] Other Financial Metrics - The company's monetary funds decreased by 24.15% compared to the beginning of the year, mainly due to investment expenditures and profit distribution[6] - Cash and cash equivalents stood at 1,867,458,719.63 RMB, down from 2,462,046,038.70 RMB at the beginning of 2023[11] - Other comprehensive income after tax was 202.92 million yuan, a significant improvement from a loss of 134.68 million yuan in the same period last year[14] - The company's Q3 report was not audited[18]