GENVICT(002869)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥127,643,969.39, a decrease of 11.95% compared to ¥144,973,148.09 in the same period last year[5] - Net profit attributable to shareholders for Q3 2023 reached ¥18,297,874.04, representing a significant increase of 102.84% from ¥9,020,630.40 in the previous year[5] - The net profit excluding non-recurring gains and losses was ¥12,925,212.38, up 353.08% from ¥2,852,714.45 year-on-year[5] - Basic and diluted earnings per share for Q3 2023 were both ¥0.1019, reflecting a growth of 103.80% compared to ¥0.0500 in the same quarter last year[5] - Operating income decreased by 91.24% to RMB 142,897.51, mainly due to reduced compensation payments from previous litigation settlements[11] - Net profit for Q3 2023 increased to ¥26,481,300.77, up 102.0% from ¥13,059,618.10 in the same period last year[31] - Basic and diluted earnings per share rose to ¥0.1475, compared to ¥0.0700 in the previous year, reflecting a growth of 110.7%[32] Assets and Liabilities - Total assets at the end of Q3 2023 amounted to ¥2,715,430,810.76, an increase of 4.71% from ¥2,590,450,945.50 at the end of the previous year[5] - The company's total assets as of September 30, 2023, amounted to RMB 2.72 billion, an increase from RMB 2.59 billion at the beginning of the year[28] - The company's total liabilities as of September 30, 2023, were RMB 615.22 million, up from RMB 529.98 million at the beginning of the year[28] - The company's equity attributable to shareholders increased to RMB 2.10 billion from RMB 2.06 billion at the beginning of the year[28] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥33,623,416.66, down 11.37% from ¥37,935,200.92 in the same period last year[5] - Cash flow from operating activities was ¥33,623,416.66, down from ¥37,935,200.92 in the previous period[33] - Cash inflow from investment activities totaled ¥770,027,894.40, significantly higher than ¥216,932,011.83 in the previous period[33] - Net cash flow from investment activities was negative at -¥161,292,508.70, compared to -¥51,139,383.24 in the previous year[33] - Cash flow from financing activities generated a net inflow of ¥75,881,789.08, an increase from ¥10,830,989.53 in the previous period[33] - The ending balance of cash and cash equivalents was ¥906,479,077.71, compared to ¥869,667,531.60 at the end of the previous period[33] Investments and Impairments - The company reported a significant increase in trading financial assets, which rose by 162.03% to ¥555,494,224.42 from ¥211,992,597.45 at the beginning of the year[10] - Investment income for Q3 2023 was ¥6,487,538.41, a 44.39% increase compared to ¥4,493,095.67 in the previous year[10] - The company recorded a direct loss of approximately RMB 12 million from its investment in Gaohua Microelectronics[23] - The company has made provisions for asset impairment related to Gaohua Microelectronics amounting to RMB 22.71 million[23] - Asset impairment losses increased by 896.31% to RMB 5,533,895.71, primarily due to increased inventory impairment provisions[11] - The company reported a credit impairment loss of RMB 2,044,251.91, a decrease of 124.47% compared to the previous year[11] Shareholder Information - As of the report date, the total number of ordinary shareholders was 24,540, with no preferred shareholders[13] - The largest shareholder, Shenzhen Minxing Electronics Co., Ltd., holds 17.05% of shares, totaling 30,615,600 shares, with 11,670,000 shares pledged[13] - The company has repurchased a total of 3,766,700 shares at an average price between RMB 22.59 and RMB 24.95, totaling RMB 90,198,890.90[16] - The company decided to terminate the 2023 employee stock ownership plan due to significant market changes, which was approved by the board on September 11, 2023[20] - The first unlock period of the 2022 restricted stock incentive plan allowed one participant to unlock 1,620,000 shares, representing 0.9022% of the total shares[18] Tax and Deferred Items - The company’s income tax expense increased by 30.80% to RMB 3,063,149.50, influenced by deferred tax expenses[11] - Deferred tax assets increased from ¥59,732,330.23 on December 31, 2022, to ¥62,450,831.86 on January 1, 2023, an adjustment of ¥2,718,501.63[37] - Deferred tax liabilities rose from ¥16,347,233.28 on December 31, 2022, to ¥18,929,203.93 on January 1, 2023, reflecting an adjustment of ¥2,581,970.65[37] - Unappropriated profits adjusted from ¥1,205,109,959.05 on December 31, 2022, to ¥1,205,246,490.03 on January 1, 2023, with an increase of ¥136,530.98[37] Other Information - The company is closely monitoring the execution of the settlement agreement and potential risks associated with it[24] - The third quarter report has not been audited[38]