Shenzhen Lihexing (301013)2023-10-26 16:00Revenue and Profit Performance - Revenue for the third quarter reached RMB 123.18 million, a 35.68% increase year-over-year[4] - Net profit attributable to shareholders surged to RMB 11.47 million, up 1,922.09% compared to the same period last year[4] - Total revenue for the first nine months of 2023 was RMB 291.74 million, a 41.07% increase year-over-year[4] - Net profit attributable to shareholders for the first nine months was RMB 2.88 million, up 115.21% year-over-year[4] - Total revenue for the period reached 291.74 million yuan, a significant increase from 206.80 million yuan in the same period last year[22] - Net profit for the period was 1.93 million yuan, a turnaround from a net loss of 20.15 million yuan in the same period last year[23] - Basic earnings per share were 0.0123 yuan, compared to a loss of 0.0811 yuan in the same period last year[24] Cash Flow and Financial Position - Operating cash flow for the first nine months was negative RMB 63.44 million, a 21.18% improvement compared to the same period last year[4] - Operating cash flow was negative at -63.44 million yuan, an improvement from -80.48 million yuan in the same period last year[26] - Investment activities generated a net cash flow of RMB 15.36 million, compared to a net outflow of RMB 14.99 million in the same period last year[27] - Cash inflows from investment activities totaled RMB 274.27 million, a 20.6% increase from RMB 227.47 million in the previous year[27] - Cash outflows for investment activities amounted to RMB 258.91 million, a 6.8% increase from RMB 242.45 million in the prior year[27] - Cash inflows from financing activities reached RMB 238.73 million, an 89.5% increase from RMB 126.00 million in the same period last year[27] - Cash outflows for financing activities totaled RMB 186.77 million, a 144.9% increase from RMB 76.24 million in the previous year[27] - Net cash flow from financing activities was RMB 51.96 million, a 21.0% decrease from RMB 65.75 million in the prior year[27] - The company's cash and cash equivalents balance at the end of the period was RMB 75.58 million, a 47.3% decrease from RMB 149.45 million at the beginning of the period[27] Assets and Liabilities - Total assets increased by 3.22% to RMB 1.42 billion compared to the end of the previous year[4] - Total assets increased from 1,379,642,224.66 RMB at the beginning of the year to 1,424,021,675.51 RMB as of September 30, 2023[19] - Total assets increased to 1.42 billion yuan, up from 1.38 billion yuan in the same period last year[20] - Short-term borrowings rose by 30.72% to RMB 164.49 million due to increased bank loans[9] - Short-term borrowings increased from 125,822,227.52 RMB at the beginning of the year to 164,485,038.22 RMB as of September 30, 2023[19] - Long-term borrowings increased from 104,128,571.43 RMB at the beginning of the year to 126,500,000.00 RMB as of September 30, 2023[19] - The company's total liabilities increased from 311,352,812.30 RMB at the beginning of the year to 337,668,938.90 RMB as of September 30, 2023[19] - Total liabilities increased to 546.39 million yuan, compared to 504.01 million yuan in the same period last year[20] - Total equity stood at 877.63 million yuan, slightly up from 875.63 million yuan in the same period last year[20] Inventory and Prepaid Expenses - Prepaid expenses surged by 346.24% to RMB 25.65 million due to increased prepayments for materials[9] - Inventory increased by 42.12% to RMB 231.33 million, driven by higher levels of work-in-progress and finished goods[9] - Inventory increased from 162,778,713.60 RMB at the beginning of the year to 231,334,759.22 RMB as of September 30, 2023[18] Government Subsidies and Tax Refunds - Government subsidies increased by 53.24% to RMB 12.43 million for the first nine months of 2023[10] - Tax refunds received increased significantly to 38.05 million yuan, up from 9.09 million yuan in the same period last year[26] Orders and Sales - The company received a bid notification for an automation testing equipment procurement project with a total bid amount of 556,549,077.00 RMB (excluding tax), but the actual cumulative order amount under this bid was only 36,728,872.00 RMB (excluding tax) as of the reporting period[16] - The company signed daily operational orders with a terminal company totaling 10,523,638.00 RMB (excluding tax) during the reporting period[16] - Sales revenue from goods and services was 262.97 million yuan, down from 283.49 million yuan in the same period last year[26] Accounts Receivable and Monetary Funds - The company's monetary funds decreased from 162,447,801.74 RMB at the beginning of the year to 108,183,762.06 RMB as of September 30, 2023[18] - Accounts receivable increased from 275,620,449.08 RMB at the beginning of the year to 345,369,378.89 RMB as of September 30, 2023[18] Research and Development - Research and development expenses increased to 30.29 million yuan, up from 29.44 million yuan in the same period last year[23] Audit Status - The company's third quarter report was not audited[28]