Shenghua Rand (08106) announced the third quarter results for the nine months ended September 30, 2023. During the period, the group...
According to the Zhitong Finance App, Shenghua Rand (08106) announced the third quarter results for the nine months ended September 30, 2023. The group achieved continuing business revenue of 67.614 million yuan (RMB, same below) during the period, a year-on-year decrease of 28.25%; losses attributable to shareholders of 168.72 million yuan, a year-on-year narrowing of 17.21%; basic loss per share of 3.33 points.
According to the announcement, there are no special seasonal fluctuations in the Group's revenue, but the revenue of each business segment in the first quarter will generally be lower than in other quarters. This is mainly due to the decline in business activities throughout China around the one-week Spring Festival holiday (January or February every year). However, the characteristics of the Group's smart city solutions business are project-based. Currently, the main business revenue comes from specific projects, and its revenue depends on the acquisition of project orders, the contract amount obtained, and the progress of project implementation, so there will be fluctuations.