GLODON(002410)2023-10-26 16:00Financial Performance - The company's revenue for Q3 2023 was ¥1,699,632,468.59, representing a year-on-year increase of 0.98%, while the revenue for the first three quarters reached ¥4,749,533,915.41, up 7.02% year-on-year[4]. - The net profit attributable to shareholders for Q3 2023 was ¥13,425,908.84, a significant decrease of 94.44% compared to the same period last year, with a year-to-date net profit of ¥261,587,844.23, down 59.02% year-on-year[4]. - Total operating revenue for Q3 2023 reached CNY 4,779,999,780.85, an increase of 7.1% compared to CNY 4,461,263,422.44 in Q3 2022[32]. - Net profit for Q3 2023 was CNY 278,046,007.77, down 57.6% from CNY 655,180,404.79 in the same period last year[33]. - The company's net profit attributable to shareholders dropped by 59.02% to ¥261,587,844.23, mainly due to a slowdown in revenue growth and rising costs[21]. - Basic earnings per share for Q3 2023 were CNY 0.1586, compared to CNY 0.3905 in Q3 2022, reflecting a decline of 59.4%[34]. Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of ¥416,959,435.79 year-to-date, reflecting a decline of 220.12% compared to the previous year[4]. - The company's cash and cash equivalents decreased by 38.73% to approximately 2.66 billion yuan due to costs, investments, and dividend distributions[19]. - The net cash flow from operating activities decreased by 220.12% to -¥416,959,435.79, primarily due to increased labor costs and a slowdown in sales collections[22]. - The company's cash flow from financing activities decreased by 58.78% to -¥555,888,657.28, mainly due to a decline in equity incentive investments[22]. - The ending balance of cash and cash equivalents was CNY 2,646,976,366.46, down from CNY 2,686,487,261.03 in the prior year[36]. - The net increase in cash and cash equivalents for the current period was CNY -1,664,988,320.25, worsening from CNY -1,293,285,641.51 in the previous year[36]. Assets and Liabilities - The total assets at the end of Q3 2023 were ¥10,652,030,279.76, a decrease of 7.74% from the end of the previous year[4]. - The company's total liabilities decreased to approximately ¥2.50 billion from ¥2.83 billion at the beginning of the year[31]. - Total liabilities decreased to CNY 4,008,280,713.29 from CNY 4,744,386,794.44 year-over-year, a reduction of 15.5%[32]. - The company's total equity as of Q3 2023 was CNY 6,643,749,566.47, down from CNY 6,801,106,736.50 in the previous year[32]. - Accounts receivable increased by 34.52% to approximately 1.40 billion yuan, attributed to slower collection rhythms influenced by market conditions[19]. - The company's accounts payable decreased by 40.25% to ¥317,369,634.37, reflecting increased settlements with suppliers[20]. Business Operations and Strategy - The company has adjusted its organizational structure to enhance customer engagement and optimize product offerings, which has impacted the pace of business development this year[8]. - The company is focusing on expanding its presence in public construction and infrastructure sectors, including municipal public buildings and urban renewal projects[8]. - The company is leveraging BIM technology to integrate design, cost, construction, and operation processes, aiming for efficiency and cost reduction across the entire lifecycle of construction projects[7]. - The company is committed to digital transformation in the construction industry, leveraging its accumulated digital service capabilities[14]. - The company plans to optimize product layout and focus on key business management needs to achieve value breakthroughs[15]. - The company aims to enhance product structure by focusing on core business scenarios and increasing self-developed software and hardware sales[11]. Revenue Streams - The digital cost management business achieved revenue of ¥3,673,000,000, marking a year-on-year growth of 10.00%, despite a decline in signed cloud contracts by 8.49%[10]. - The digital construction business achieved revenue of 752 million yuan, a year-on-year decrease of 15.55%[11]. - The digital design business generated revenue of 64 million yuan, reflecting a year-on-year growth of 5.88%[12]. - The overall operating costs increased by ¥693 million, or 18.34% year-on-year, primarily due to rising labor costs and depreciation expenses[9]. - The company reported a significant increase in sales collection, maintaining a year-on-year growth of over 10% in construction business sales collection[11]. Investments and Projects - The company completed the construction of the Digital Building Product R&D and Industrialization Base project by June 2023, with an investment progress of 91.19% as of September 30, 2023[26]. - The total investment progress for fundraising projects reached 95.19%, with specific projects like the Cost Big Data and AI Application Project exceeding its commitment by 0.13%[26]. - The company's construction in progress increased by 54.75% to ¥83,318,387.54, primarily due to investments in smart construction and the South China headquarters in Guangzhou[20]. - Intangible assets rose by 90.96% to ¥1,290,679,962.71, mainly from the capitalization of development expenditures related to big data and AI applications[20]. - Deferred income tax assets increased by 54.31% to ¥109,736,393.10, attributed to changes in equity incentive costs and fair value adjustments of other equity instruments[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 57,773, with the top ten shareholders holding significant stakes[23]. - The company has repurchased a total of 4,181,080 shares, accounting for 0.2511% of the total shares, with a total transaction amount of approximately ¥100.21 million[28]. - The company plans to use between ¥300 million and ¥500 million for share repurchase, with a maximum price of ¥45 per share[28]. - The company has initiated a 2023 employee stock ownership plan, which is currently in progress[29]. Non-Recurring Items - Non-recurring gains for the reporting period totaled approximately 12.18 million yuan, with significant contributions from government subsidies and investment income[17].