FORE(301368)2023-10-25 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥116,714,207.16, representing a 7.61% increase year-over-year, while the year-to-date revenue decreased by 9.56% to ¥316,739,000.08[5] - Net profit attributable to shareholders for Q3 2023 was ¥9,402,114.98, a decrease of 43.91% compared to the same period last year, with a year-to-date net profit of ¥29,607,765.97, down 30.33%[5] - The basic earnings per share for Q3 2023 was ¥0.08, down 57.89% year-over-year, and the diluted earnings per share was also ¥0.08, reflecting the same percentage decrease[5] - Total operating revenue for the third quarter was ¥316,739,000.08, a decrease of 9.55% compared to ¥350,235,173.10 in the same period last year[21] - Net profit attributable to shareholders was ¥29,607,765.97, down 30.34% from ¥42,498,440.74 in the previous year[22] - Earnings per share decreased to ¥0.25 from ¥0.47, representing a decline of 46.81%[22] Cash Flow and Assets - The net cash flow from operating activities for Q3 2023 was ¥23,625,761.35, a significant decline of 49.11% compared to the previous year[10] - Cash flow from operating activities was ¥23,625,761.35, down 49.3% from ¥46,429,006.90 in the previous year[23] - Cash inflow from investment activities was ¥809,785.77, significantly lower than ¥148,939,548.62 in the same period last year[23] - Cash outflow for investment activities totaled ¥144,668,267.39, compared to ¥243,008,076.07 in the previous year, indicating a decrease of 40.5%[23] - The net increase in cash and cash equivalents was -¥253,967,870.13, compared to -¥382,944.49 in the previous period[24] - The ending balance of cash and cash equivalents was ¥353,527,870.11, down from ¥607,495,740.24 at the beginning of the period[24] Assets and Liabilities - Total assets at the end of Q3 2023 were ¥1,201,819,198.03, a decrease of 5.70% from the end of the previous year[5] - Current assets decreased to ¥686,792,061.85 from ¥842,786,545.25 at the start of the year, primarily due to a reduction in cash and cash equivalents[18] - Total liabilities decreased to ¥225,947,218.89 from ¥313,157,138.03, a reduction of approximately 27.8%[19] - Non-current assets increased to ¥515,027,136.18 from ¥431,647,305.95, showing a growth of approximately 19.3%[19] - The company's equity increased to ¥976,871,979.14 from ¥961,276,713.17, reflecting a growth of about 1.6%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17.633 million[12] - The largest shareholder, Taizhou Huangyan Fengli Electric Control Equipment Co., Ltd., holds 36.97% of shares, totaling 44,404,200 shares[12] - The second-largest shareholder, Shanghai Guoyu Asset Management Co., Ltd., holds 7.12% of shares, totaling 8,550,000 shares[12] - The third-largest shareholder, Ningbo Meishan Bonded Port Area Yongcheng Yufeng Investment Management Partnership, holds 6.21% of shares, totaling 7,460,550 shares[12] - The company has a total of 10 major shareholders, with the top three holding a combined 50.3% of shares[12] - The report indicates that there are no preferred shareholders as of the reporting period[14] Management and Strategy - The report highlights that the company is actively involved in market expansion and new product development strategies[13] - The management team includes individuals closely related to major shareholders, indicating potential influence on company decisions[13] - The company has a significant number of shares under lock-up agreements, with specific release dates yet to be determined[15] Other Financial Metrics - The company reported a significant increase in management expenses to ¥21,430,297.69 from ¥13,274,536.48, marking a rise of 61.5%[21] - The company received government subsidies amounting to ¥810,902.42 during the reporting period, contributing to its non-operating income[6] - The company has not undergone an audit for the Q3 report[25]