Tianyong(603895)2023-10-27 16:00Financial Performance - The company's revenue for Q3 2023 reached ¥160,764,840.09, an increase of 8.78% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥2,667,399.90 for Q3 2023, with a year-to-date net profit of ¥8,216,069.65, reflecting a significant increase of 62.66%[5]. - The basic earnings per share for Q3 2023 was ¥0.02, maintaining a year-to-date increase of 62.66%[6]. - Total operating revenue for the first three quarters of 2023 reached ¥514,151,771.80, an increase of 12.2% compared to ¥457,929,421.21 in the same period of 2022[18]. - The net profit attributable to shareholders of the parent company was ¥8,216,069.65, compared to ¥5,050,972.66 in the same period last year, reflecting a growth of 62.5%[20]. - The net profit for the third quarter of 2023 was ¥29,561,768.20, up from ¥27,275,274.73 in the previous year, reflecting a growth of 8.4%[29]. - The total comprehensive income for Q3 2023 was ¥29,561,768.20, compared to ¥27,275,274.73 in Q3 2022, reflecting an increase of approximately 8.4%[30]. - Basic and diluted earnings per share for Q3 2023 were both ¥0.27, up from ¥0.25 in Q3 2022, indicating an 8% increase year-over-year[30]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,741,528,028.37, representing a 2.84% increase from the end of the previous year[6]. - Total assets as of September 30, 2023, amounted to CNY 1,741,528,028.37, an increase from CNY 1,693,374,957.53 at the end of 2022[15]. - Current assets totaled CNY 1,467,814,658.54, compared to CNY 1,432,865,320.93 at the end of 2022, reflecting a growth of approximately 2.0%[16]. - Total liabilities reached CNY 1,303,045,126.11, up from CNY 1,254,564,680.58, marking an increase of approximately 3.9%[17]. - The total liabilities as of September 30, 2023, were ¥1,047,553,250.63, compared to ¥955,976,057.34 at the end of 2022, showing an increase of 9.6%[27]. - The total equity attributable to shareholders increased to CNY 479,841,070.84 from CNY 471,625,001.19, showing a growth of approximately 1.5%[17]. - The total equity as of September 30, 2023, was ¥656,115,345.95, an increase from ¥626,553,577.75 at the end of 2022, reflecting a growth of 4.7%[27]. Cash Flow - Cash flow from operating activities showed a negative net amount of -¥144,107,075.56 for the year-to-date period[6]. - The net cash flow from operating activities was -¥144,107,075.56, worsening from -¥122,763,565.98 in the previous year[23]. - Cash inflow from operating activities totaled ¥496,383,810.10 in the first nine months of 2023, down from ¥520,234,378.92 in 2022, representing a decrease of about 4.5%[32]. - Cash outflow from operating activities was ¥503,777,179.30 in the first three quarters of 2023, compared to ¥675,294,742.87 in 2022, showing a significant reduction of approximately 25.4%[32]. - Cash inflow from financing activities increased to ¥455,923,373.73, up from ¥165,973,925.52 in the same period last year, showing a strong financing position[23]. - The cash flow from financing activities for Q3 2023 was a net inflow of ¥273,821,592.34, compared to ¥130,947,463.10 in the previous year, indicating a significant increase of 109.1%[24]. - Cash inflow from financing activities was ¥296,350,000.00 in Q3 2023, compared to ¥165,973,925.52 in Q3 2022, marking an increase of about 78.5%[32]. Borrowings and Expenses - The company experienced a 622.00% increase in long-term borrowings, attributed to bank credit for medium to long-term loans[10]. - The company's short-term borrowings decreased to CNY 239,633,853.94 from CNY 293,191,249.14, a reduction of about 18.3%[17]. - The company's short-term borrowings decreased to ¥212,216,253.94 as of September 30, 2023, from ¥278,465,513.03 at the end of 2022, a decline of 23.7%[26]. - The company reported a significant increase in financial expenses, which rose to ¥12,016,523.06 from ¥5,519,734.96, primarily due to higher interest expenses[18]. - Research and development expenses decreased slightly to ¥35,637,430.40 from ¥37,336,296.91, indicating a focus on cost management in R&D[18]. - Research and development expenses for the first three quarters of 2023 were ¥33,110,251.67, slightly up from ¥32,937,101.05 in the same period of 2022[28]. Income and Tax Refunds - Other income increased by 129.82%, driven by an increase in embedded software tax refunds[10]. - The company received ¥4,383,266.08 in tax refunds during the first nine months of 2023, significantly higher than ¥2,039,637.11 in the same period of 2022, reflecting a 115.8% increase[32].