Financial Performance - The company's revenue for Q3 2023 was ¥124,431,170.04, representing a 4.74% increase year-over-year[5]. - Net profit attributable to shareholders decreased by 9.70% to ¥22,323,236.81 in Q3 2023[5]. - Basic earnings per share fell by 30.43% to ¥0.16 for Q3 2023[5]. - Total operating revenue for the current period is ¥310,652,960.88, a decrease of 0.16% from ¥313,172,786.91 in the previous period[17]. - Net profit for the current period is ¥66,181,031.37, representing an increase of 3.94% compared to ¥63,677,274.71 in the previous period[20]. - Total comprehensive income attributable to the parent company was ¥66,181,031.37, compared to ¥63,677,274.71 in the previous period[20]. Assets and Liabilities - Total assets increased by 9.66% to ¥1,257,159,259.70 compared to the end of the previous year[5]. - As of September 30, 2023, the total assets of Zhejiang Weigang Technology Co., Ltd. amounted to CNY 1,257,159,259.70, an increase from CNY 1,146,448,214.07 at the beginning of the year, reflecting a growth of approximately 9.7%[14]. - The company's total current assets reached CNY 952,541,663.61, up from CNY 850,444,617.35 at the start of the year, indicating an increase of about 12.0%[14]. - The total liabilities as of September 30, 2023, were CNY 164,856,397.66, compared to CNY 102,660,869.91 at the beginning of the year, representing a rise of approximately 60.6%[15]. - The company's cash and cash equivalents stood at CNY 741,762,379.64, an increase from CNY 699,745,521.62 at the beginning of the year, showing a growth of about 6.0%[14]. - The company reported a significant increase in accounts payable, which rose to CNY 51,164,912.58 from CNY 42,844,422.14, marking an increase of about 19.0%[15]. - The company’s inventory increased to CNY 148,558,170.63 from CNY 123,084,766.42, representing a growth of approximately 20.7%[14]. Cash Flow - Cash flow from operating activities for the year-to-date reached ¥112,258,827.92, a significant increase of 61.24%[5]. - Operating cash flow net amount increased to ¥112,258,827.92, up 61.06% from ¥69,622,009.68 in the previous period[21]. - Cash and cash equivalents at the end of the period reached ¥738,486,268.46, an increase from ¥260,835,291.84 in the previous period[21]. - The company experienced a net increase in cash and cash equivalents of ¥41,756,348.03, compared to an increase of ¥19,843,068.06 in the previous period[21]. - The company reported a net cash outflow from investing activities of ¥46,258,345.03, worsening from a net outflow of ¥38,328,318.84 in the previous period[21]. Expenses - Research and development expenses rose by 63% to ¥25,663,270.15, indicating increased investment in innovation[11]. - The company reported a 30% increase in sales expenses, totaling ¥17,112,376.45, primarily due to higher exhibition and promotion costs[11]. - Total operating costs increased to ¥255,297,627.81, up 2.54% from ¥248,108,714.18 in the previous period[17]. - Research and development expenses rose significantly to ¥25,663,270.15, up 63.66% from ¥15,726,879.94 in the previous period[17]. Shareholder Equity - The total equity attributable to the owners of the parent company was CNY 1,092,302,862.04, up from CNY 1,043,787,344.16, reflecting an increase of approximately 4.6%[16]. - The company’s retained earnings as of September 30, 2023, were CNY 218,286,304.50, compared to CNY 176,349,407.99 at the beginning of the year, indicating an increase of about 23.8%[16]. Market and Product Development - The company has not reported any new product launches or significant technological advancements during this quarter[13]. - There is no indication of market expansion or mergers and acquisitions in the current report[13]. Return on Equity - The company’s weighted average return on equity decreased to 2.07%, down 2.19% from the previous year[5].
炜冈科技(001256) - 2023 Q3 - 季度财报