GPTY(000545)2023-10-26 16:00Financial Performance - The company's revenue for Q3 2023 was ¥571,011,382.93, representing a 2.91% increase year-over-year, while the year-to-date revenue decreased by 12.21% to ¥1,693,760,316.09[5] - The net profit attributable to shareholders for Q3 2023 was -¥13,664,296.98, a decrease of 26.02% compared to the same period last year, and the year-to-date net profit was -¥92,074,097.70, reflecting a significant decline of 492.41%[5] - The basic and diluted earnings per share for Q3 2023 were both -¥0.0138, marking a 26.20% decrease year-over-year, with a year-to-date figure of -¥0.0933, down 492.02%[5] - Total operating revenue for the current period was ¥1,693,760,316.09, a decrease of 12.2% from ¥1,929,405,753.41 in the previous period[20] - The net profit for the current period was a loss of ¥92,075,002.04, compared to a profit of ¥23,464,047.35 in the same period last year[21] - The total profit (loss) for the current period was a loss of ¥113,741,114.76, compared to a profit of ¥17,401,229.65 in the previous period[21] - Basic and diluted earnings per share were both -0.0933, compared to 0.0238 in the same period last year[21] Assets and Liabilities - The total assets at the end of Q3 2023 were ¥2,904,141,317.55, a decrease of 5.84% from the end of the previous year[5] - As of September 30, 2023, total assets amounted to CNY 2,904,141,317.55, a decrease from CNY 3,084,138,877.39 at the beginning of the year[18] - Current assets totaled CNY 943,270,911.65, down from CNY 1,558,804,417.75 at the start of the year, indicating a decline of approximately 39.3%[16] - Non-current assets increased to CNY 1,960,870,405.90 from CNY 1,525,334,459.64, reflecting a growth of about 28.5%[17] - Total liabilities reached CNY 1,360,871,216.34, compared to CNY 1,207,211,806.81 at the beginning of the year, marking an increase of approximately 12.7%[17] - The company's cash and cash equivalents decreased to CNY 326,684,027.70 from CNY 391,825,901.49, a decline of about 16.6%[16] - The total equity attributable to shareholders decreased to CNY 1,439,443,001.63 from CNY 1,773,099,066.65, a decline of about 18.8%[17] Cash Flow and Operating Activities - The cash flow from operating activities for Q3 2023 was ¥108,076,771.02, an increase of 83.82% compared to the previous year[9] - Operating cash flow generated was ¥108,076,771.02, an increase from ¥58,796,458.61 in the previous period[22] - Cash and cash equivalents at the end of the period totaled ¥132,671,746.67, down from ¥138,589,513.64 at the end of the previous period[23] Investments and Financing - The company experienced a 361.74% increase in investment losses, amounting to -¥13,648,254.85, primarily due to increased losses from its joint venture[9] - The company’s long-term equity investments increased by 63.53% to ¥371,412,672.25, reflecting strategic asset exchanges[9] - The company reported a significant increase in long-term equity investments, rising to CNY 371,412,672.25 from CNY 227,115,889.76, an increase of approximately 63.5%[16] - The company has a 10.2041% stake in Gansu Jinlin Lithium Battery New Materials Co., Ltd., which was registered on August 4, 2023, with a registered capital of CNY 49 million[13] Inventory and Costs - Inventory levels decreased by 47.50% to ¥152,276,703.66, indicating a strategy to reduce stock[9] - Inventory levels dropped significantly to CNY 152,276,703.66 from CNY 290,060,667.30, representing a decrease of approximately 47.5%[16] - Total operating costs amounted to ¥1,811,302,153.87, down 5.5% from ¥1,916,525,374.63 in the prior period[20] - Research and development expenses were ¥60,026,725.29, a decrease of 10.3% from ¥67,220,683.70 in the prior period[20] - The company incurred financial expenses of ¥11,942,082.48, which included interest expenses of ¥20,196,083.88, up from ¥15,796,943.73 in the previous period[20]