SINOPACK(003031)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥644,984,980.25, representing a 5.02% increase compared to ¥614,178,910.06 in the same period last year[4]. - Net profit attributable to shareholders was ¥121,949,835.54, a decrease of 3.40% from ¥126,245,711.72 in the previous year[4]. - The net profit after deducting non-recurring gains and losses surged by 777.91% to ¥74,271,927.24, compared to ¥8,460,042.53 in the same period last year[4]. - The company’s basic earnings per share for Q3 2023 was ¥0.42, a decrease of 2.33% from ¥0.43 in the same period last year[4]. - The weighted average return on equity for the year-to-date period was 12.66%, down from 14.93% in the previous year[4]. - The net profit for Q3 2023 was CNY 397,572,678.03, a decrease of 2.0% compared to CNY 407,200,098.43 in Q3 2022[20]. - The total profit for Q3 2023 was CNY 424,397,785.33, down from CNY 432,307,359.17 in the same period last year, reflecting a decline of 2.1%[20]. - The operating profit for Q3 2023 was CNY 424,013,727.11, slightly lower than CNY 429,122,640.59 in Q3 2022, indicating a decrease of 1.4%[20]. - The basic and diluted earnings per share for Q3 2023 were both CNY 1.18, down from CNY 1.22 in Q3 2022, representing a decline of 3.3%[21]. Cash Flow - The company's cash flow from operating activities for the year-to-date period was ¥658,694,055.23, an increase of 11.53% from ¥590,578,597.94 in the previous year[4]. - Cash inflow from operating activities in Q3 2023 was CNY 2,094,032,207.26, an increase of 17.7% compared to CNY 1,778,878,025.96 in Q3 2022[22]. - Cash outflow from operating activities totaled CNY 1,435,338,152.03, resulting in a net cash flow from operating activities of CNY 658,694,055.23, compared to CNY 590,578,597.94 in Q3 2022[22]. - The net cash flow from investment activities was CNY -238,606,902.62 in Q3 2023, worsening from CNY -152,529,712.77 in Q3 2022[24]. - The net cash flow from financing activities was CNY -62,039,043.17 in Q3 2023, compared to a positive cash flow of CNY 25,743,821.47 in Q3 2022[24]. - The total cash and cash equivalents at the end of Q3 2023 amounted to CNY 1,468,053,371.12, an increase from CNY 1,141,961,189.70 at the end of Q3 2022[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,818,678,134.04, reflecting a 10.99% increase from the previous year's end[4]. - Total assets increased to CNY 4,818,678,134.04 as of September 30, 2023, up from CNY 4,341,627,318.61 at the beginning of the year, representing a growth of approximately 11%[17]. - The total liabilities rose to CNY 1,513,647,853.24, compared to CNY 1,436,533,915.55, reflecting an increase of approximately 5.4%[18]. - Shareholders' equity attributable to the parent company increased by 20.11% to ¥3,009,552,484.85 compared to the previous year[4]. - The equity attributable to shareholders increased to CNY 3,009,552,484.85 from CNY 2,505,682,099.34, indicating a growth of about 20%[18]. Expenses - Sales expenses increased by 46.39% to ¥10,917,204.57 compared to ¥7,457,640.03 in the previous period, primarily due to increased travel expenses and staff compensation[9]. - Research and development expenses were CNY 195,604,164.16, a decrease from CNY 218,916,519.80, showing a reduction of about 10.7%[19]. - The company reported a tax expense of CNY 26,825,107.30 for Q3 2023, up from CNY 25,107,260.74 in Q3 2022, indicating a rise of 6.8%[20]. Investments and Acquisitions - The company plans to acquire a 73% stake in Hebei Bowei Integrated Circuit Co., Ltd. and related assets from China Electronics Technology Group Corporation, along with a 94.6029% stake in Beijing Guolian Wanzhong Semiconductor Technology Co., Ltd.[14]. - The company successfully completed a major asset restructuring, increasing its total share capital to 292,240,495 shares as of September 12, 2023[15]. - The company received approval from the China Securities Regulatory Commission for the issuance of shares to purchase assets and raise supporting funds[15]. Future Outlook - Future outlook includes continued investment in new technologies and market expansion strategies to drive growth[19].