Financial Performance - Operating revenue for the first nine months of 2023 was CNY 630,630,149.67, down 8.77% from CNY 691,274,184.49 in the same period last year[10] - Net profit attributable to shareholders for the first nine months of 2023 was CNY 37,645,720.49, a decrease of 14.72% compared to CNY 44,145,875.34 in the previous year[10] - In Q3 2023, operating revenue was CNY 206,248,201.95, representing a 10.54% increase from CNY 186,574,911.85 in Q3 2022[10] - Net profit attributable to shareholders in Q3 2023 was CNY 12,256,448.63, a significant increase of 129.54% compared to CNY 5,339,467.84 in Q3 2022[10] - Total operating revenue for the first nine months of 2023 was CNY 630,630,149.67, a decrease from CNY 691,274,184.49 in the same period of 2022, representing a decline of approximately 8.8%[34] - Net profit for the period was ¥37,645,720.49, down from ¥44,145,875.34, representing a decrease of about 14.3%[36] - Operating profit decreased to ¥39,868,982.96 from ¥47,781,698.50, a decline of approximately 16.6%[35] - Total comprehensive income for the period was ¥37,640,141.77, down from ¥44,155,199.17, a decrease of about 14.7%[36] Cash Flow - The company reported a net cash flow from operating activities of CNY -45,541,065.67, an improvement of 8.09% from CNY -49,549,481.92 in the same period last year[10] - Operating cash inflow for the first nine months of 2023 was CNY 662,793,854.30, a decrease of 6.7% compared to CNY 710,425,923.25 in the same period of 2022[41] - Net cash flow from operating activities was negative CNY 45,541,065.67, slightly improved from negative CNY 49,549,481.92 year-over-year[43] - Investment cash inflow increased significantly to CNY 899,798,045.07 in 2023 from CNY 160,896,219.14 in 2022, marking a growth of 459.5%[43] - Net cash flow from investment activities was negative CNY 126,570,826.84, worsening from negative CNY 18,694,861.79 in the previous year[43] - Cash inflow from financing activities was CNY 90,270,326.85, up from CNY 61,518,875.82 in 2022, representing a growth of 46.7%[43] - Net cash flow from financing activities turned negative at CNY -2,438,138.07 compared to a positive CNY 18,762,562.27 in the same period last year[43] - The company reported a cash outflow from operating activities totaling CNY 708,334,919.97, down from CNY 759,975,405.17 in the previous year[43] - Cash outflow for investment activities was CNY 1,026,368,871.91, significantly higher than CNY 179,591,080.93 in the same period of 2022[43] - The company experienced a net decrease in cash and cash equivalents of CNY 174,375,414.79 during the first nine months of 2023[43] Assets and Liabilities - Total assets as of September 30, 2023, reached CNY 1,013,980,238.14, an increase of 3.74% compared to CNY 977,395,883.11 at the end of 2022[10] - Total liabilities increased to CNY 145,266,413.70 as of September 30, 2023, compared to CNY 110,011,598.35 at the end of 2022, indicating a rise of approximately 32%[28] - Current liabilities totaled CNY 133,644,796.25, up from CNY 97,890,853.63 in the previous year, marking an increase of around 36.5%[28] - Cash and cash equivalents decreased to CNY 151,850,858.70 from CNY 305,054,816.33, a decline of approximately 50.3%[30] - Accounts receivable rose to CNY 146,041,194.42 from CNY 111,489,864.04, representing an increase of about 31%[30] - Inventory increased significantly to CNY 114,686,442.10 from CNY 74,073,865.11, reflecting a growth of approximately 55%[31] - The company’s inventory increased by 48.50% to CNY 140,118,815.59, reflecting a strategy to enhance supply efficiency[11] - The company’s short-term borrowings rose by 54.28% to CNY 61,953,735.73, driven by increased funding needs[11] Shareholder Information - The total number of unrestricted shares is 60,199,750, representing 60.20% of the total shares[16] - The total number of restricted shares is 39,800,250, accounting for 39.80% of the total shares[16] - The total share capital is 100,000,000 shares, with 15,043 common shareholders[16] - The largest shareholder, Jiangsu Yuanhang Times Holding Group Co., Ltd., holds 37,550,250 shares, which is 37.55% of the total[17] Other Financial Metrics - Research and development expenses were ¥22,024,076.64, down from ¥23,868,993.87, a reduction of about 7.7%[35] - Basic earnings per share decreased to ¥0.38 from ¥0.59, a decline of approximately 35.6%[36] - Operating costs decreased to ¥599,861,364.32 from ¥644,886,173.80, a reduction of about 7.0%[35] - Tax expenses decreased to ¥2,709,124.26 from ¥5,027,245.65, a decrease of approximately 46.1%[35] - Other income increased to ¥5,630,534.96 from ¥407,511.48, a substantial increase of approximately 1,283.5%[35] - Non-recurring gains and losses for the first nine months totaled CNY 11,959,837.22, with a net amount after tax of CNY 10,165,861.64[13] - The company reported a net profit margin decline due to reduced revenue, impacting overall profitability metrics[34] - The company’s cash and cash equivalents decreased by 48.77% to CNY 180,653,567.81, primarily due to funds used for purchasing bank wealth management products[11]
远航精密(833914) - 2023 Q3 - 季度财报