Etron(603380)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥509,022,107.85, representing a year-over-year increase of 15.05%[3] - The net profit attributable to shareholders for Q3 2023 was ¥36,871,417.35, a decrease of 14.21% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥28,468,967.97, down 19.45% year-over-year[3] - Total operating revenue for the first three quarters of 2023 was CNY 1,363,012,292.42, a decrease of 4.83% compared to CNY 1,432,100,547.62 in the same period of 2022[19] - Net profit for the third quarter of 2023 was CNY 106,864,366.58, a decline of 24.1% from CNY 140,816,954.50 in the same quarter of 2022[20] - The total comprehensive income for the third quarter of 2023 was CNY 107,475,496.42, down from CNY 141,230,188.95 in the same quarter of 2022, indicating challenges in maintaining profitability[21] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥181,027,933.85, showing a significant increase of 549.05%[3] - The net cash flow from operating activities in Q3 2023 was ¥181 million, significantly up from ¥27.89 million in Q3 2022, indicating a year-over-year increase of approximately 548%[24] - The net cash flow from operating activities for the first three quarters of 2023 was approximately ¥1.78 billion, an increase from ¥1.61 billion in the same period of 2022, reflecting a growth of about 10.3%[23] - Total cash inflow from operating activities in Q3 2023 reached ¥1.86 billion, compared to ¥1.67 billion in Q3 2022, marking an increase of about 11.9%[24] - The net cash flow from financing activities in Q3 2023 was ¥21.8 million, compared to ¥13.18 million in Q3 2022, showing an increase of about 65.5%[25] - The company’s cash flow from operating activities showed a strong recovery, with a net increase of ¥111.92 million in cash and cash equivalents in Q3 2023, compared to a decrease of ¥49.17 million in Q3 2022[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,409,847,228.98, reflecting a growth of 19.25% compared to the end of the previous year[4] - As of September 30, 2023, the company's total assets reached CNY 2,409,847,228.98, an increase from CNY 2,020,884,755.81 at the end of 2022, representing a growth of approximately 19.2%[15] - Total liabilities increased to CNY 1,070,592,433.64 in Q3 2023, compared to CNY 761,217,917.07 in Q3 2022, indicating a rise in financial leverage[18] - The company's total equity reached CNY 1,339,254,795.34, up from CNY 1,259,666,838.74 year-over-year, showing growth in shareholder value[18] - The company's total current liabilities decreased to CNY 111,123,555.54 from CNY 126,920,395.21, a reduction of approximately 12.4%[16] Costs and Expenses - The company experienced a decline in net profit due to reduced customer demand and increased raw material costs, impacting gross margin[8] - Total operating costs for the first three quarters of 2023 were CNY 1,245,562,103.47, down from CNY 1,252,738,473.17 in the previous year, reflecting a cost reduction strategy[19] - Research and development expenses for the first three quarters of 2023 were CNY 84,751,297.40, an increase from CNY 74,911,215.95 in the same period of 2022, highlighting a focus on innovation[19] Non-Recurring Items - Non-recurring gains for the year-to-date period totaled ¥8,402,449.38, with a significant tax impact of -¥3,600,042.81[8] - The company reported a decrease in net profit attributable to shareholders due to increased costs and reduced revenue from customer demand[8] Investments - The net cash flow from investing activities in Q3 2023 was -¥96.6 million, slightly worse than -¥90.82 million in Q3 2022, indicating a decline in investment performance[25] - The total cash outflow from investing activities in Q3 2023 was ¥107.05 million, down from ¥442.86 million in Q3 2022, indicating a significant reduction in investment expenditures[24] Other Information - The company has not disclosed any new product launches or technological advancements in this quarter[14] - There are no significant mergers or acquisitions reported during this period[14]