GH-Tech(000004)2023-10-27 16:00Financial Performance - The company's revenue for Q3 2023 was ¥48,580,606.58, a decrease of 21.09% compared to the same period last year[5] - The net profit attributable to shareholders was -¥7,273,333.74, representing a 66.00% increase in losses year-over-year[5] - The net profit excluding non-recurring gains and losses was -¥7,288,264.86, a 65.23% increase in losses compared to the previous year[5] - Total operating revenue for Q3 2023 was CNY 80,550,087.91, a decrease of 4.0% compared to CNY 84,225,020.29 in Q3 2022[22] - Operating profit for Q3 2023 was a loss of CNY 41,175,526.44, an improvement from a loss of CNY 64,974,872.88 in Q3 2022[23] - Net profit for Q3 2023 was a loss of CNY 36,056,550.87, compared to a loss of CNY 57,770,984.01 in Q3 2022[23] - The net profit attributable to the parent company for Q3 2023 was -35,199,744.30 CNY, a decrease from -56,765,647.34 CNY in Q3 2022, representing an improvement of approximately 38.2% year-over-year[24] - The total comprehensive income for Q3 2023 was -36,056,550.87 CNY, compared to -57,770,984.01 CNY in the same period last year, indicating a year-over-year improvement of about 37.7%[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥501,979,169.30, down 12.76% from the end of the previous year[5] - Total assets as of Q3 2023 amounted to CNY 501,979,169.30, down from CNY 575,390,741.06 at the end of the previous period[20] - Total liabilities for Q3 2023 were CNY 184,306,306.78, a decrease from CNY 222,870,859.44 in the previous period[20] - The company's total equity as of Q3 2023 was CNY 317,672,862.52, compared to CNY 352,519,881.62 at the end of the previous period[20] Cash Flow - Cash flow from operating activities was -¥39,399,527.20, a decrease of 1.86% compared to the previous year[5] - The net cash flow from operating activities for Q3 2023 was -39,399,527.20 CNY, slightly worse than -38,679,605.74 CNY in Q3 2022[26] - Cash inflow from operating activities totaled 96,486,975.56 CNY, down from 102,340,668.95 CNY in the previous year, a decline of approximately 5.3%[26] - Cash outflow from operating activities was 135,886,502.76 CNY, compared to 141,020,274.69 CNY in Q3 2022, a decrease of about 3.6%[26] - The net cash flow from investing activities was 405,327.72 CNY, an increase from 241,016.45 CNY in the same period last year[28] - The cash and cash equivalents at the end of Q3 2023 were 87,137,599.56 CNY, down from 124,571,372.81 CNY at the end of Q3 2022, a decrease of approximately 30%[28] Shareholder Information - The total number of common shareholders at the end of the reporting period is 34,292[11] - The largest shareholder, Shenzhen Zhongnongda Technology Investment Co., Ltd., holds 18.29% of shares, totaling 24,206,848 shares[11] - The total share capital of the company decreased from 132,848,008 shares to 132,380,282 shares due to the repurchase and cancellation of shares[14] - A total of 7,371,240 shares were released from restrictions on August 15, 2023, following the completion of the conditions for lifting the restrictions[16] - The company plans to repurchase and cancel 939,474 shares as part of the performance compensation scheme[14] Operating Costs and Expenses - Operating costs decreased by 50.57% year-over-year to ¥21,607,845.00, primarily due to a decline in low-margin emergency product revenue[9] - Total operating costs for Q3 2023 were CNY 92,594,070.60, down 19.4% from CNY 114,878,097.25 in the same period last year[23] - Research and development expenses for Q3 2023 were CNY 26,948,249.24, a decrease of 17.6% from CNY 32,703,584.58 in Q3 2022[23] Government Support - The company received government subsidies amounting to ¥14,860.96 during the reporting period[7] Performance Guarantees - The company has committed to a performance guarantee for Zhiyou Network Security, with a cumulative net profit target of no less than ¥359.1 million for the years 2019 to 2021[13] Other Information - The company's cash and cash equivalents decreased from ¥129,091,494.68 at the beginning of the year to ¥88,404,145.58 by September 30, 2023, a decline of approximately 31.5%[18] - Accounts receivable decreased from ¥303,028,300.15 to ¥271,793,824.66, representing a reduction of about 10.3%[18] - The company has not disclosed any new product or technology developments in the recent reports[12] - The company did not undergo an audit for the Q3 2023 report[29]