Financial Performance - Total revenue for the first nine months of 2023 reached CNY 229,035,602.49, a slight increase of 0.24% compared to CNY 228,478,772.08 in the same period last year[10] - Net profit attributable to shareholders for the first nine months of 2023 was CNY 18,822,322.29, representing a growth of 10.19% from CNY 17,081,262.47 in the previous year[10] - In Q3 2023, the company reported a revenue of CNY 89,415,827.29, which is a 3.02% increase from CNY 86,791,082.38 in Q3 2022[10] - The net profit attributable to shareholders in Q3 2023 was CNY 10,099,791.14, a significant increase of 34.13% compared to CNY 7,530,098.60 in Q3 2022[10] - The company's net profit for the first nine months of 2023 was impacted by an asset impairment loss of ¥4,132,554.03, compared to a loss of ¥1,795,212.02 in the same period of 2022[40] - The company reported a total profit of ¥62,480,387.02 for the first nine months of 2023, compared to ¥41,064,297.84 in 2022, marking an increase of around 52.1%[43] Cash Flow - The net cash flow from operating activities decreased by 33.64% to CNY 21,208,855.45, down from CNY 31,960,239.46 in the same period last year[10] - Operating cash flow for the first nine months of 2023 was CNY 29,379,352.34, a decrease of 41% compared to CNY 49,833,887.13 in the same period of 2022[47] - Cash inflow from operating activities totaled CNY 246,613,202.55, an increase of 3.3% from CNY 239,065,282.17 in 2022[47] - The ending cash and cash equivalents balance for the first nine months of 2023 was CNY 61,947,530.83, down from CNY 243,779,113.37 in the same period of 2022[48] - Total cash inflow from investment activities was CNY 248,823,261.07, while cash outflow was CNY 295,909,263.02, resulting in a net cash flow of -CNY 47,086,001.95[48] - Cash flow from financing activities showed a net outflow of -CNY 11,885,315.25, compared to a net inflow of CNY 142,131,291.97 in the previous year[48] Assets and Liabilities - The company's total assets as of September 30, 2023, were CNY 758,449,130.57, a decrease of 2.27% from CNY 776,078,892.64 at the end of 2022[10] - The company's total liabilities decreased to 260,858,824.50 CNY as of September 30, 2023, down from 286,721,987.96 CNY at the end of 2022, reflecting a reduction of about 9.0%[34] - The total current assets decreased to ¥285,268,646.68 in 2023 from ¥379,241,784.21 in 2022, a decline of about 24.8%[36] - The company has a total of 284,835,528.76 CNY in restricted assets, which accounts for 37.55% of total assets, primarily due to collateral for loans[30] - The company's cash and cash equivalents were reported at 103,172,113.65 CNY as of September 30, 2023, down from 126,619,838.61 CNY at the end of 2022, a decrease of about 18.5%[33] Shareholder Information - The total number of unrestricted shares at the end of the reporting period is 18,261,093, accounting for 25.87% of total shares[16] - The total number of restricted shares is 52,331,713, representing 74.13% of total shares[17] - The total share capital is 70,592,806 shares, with 7,137 common shareholders[17] - The largest shareholder, Xue Xinghan, holds 28,552,989 shares, which is 40.45% of total shares[18] - The second-largest shareholder, Wang Daoqun, holds 10,002,200 shares, representing 14.168%[18] Financial Management - Financial expenses decreased by 77.46% to CNY 627,933.48, attributed to increased interest income from investment of raised and self-owned funds[12] - The company reported a decrease in financial expenses, with a net financial cost of -¥747,572.63 in 2023 compared to -¥565,145.68 in 2022, indicating improved financial management[43] Guarantees and Commitments - The company provided a guarantee of 1.2 billion CNY for its wholly-owned subsidiary, Guangdong Zecheng Technology Co., Ltd., and 50 million CNY for Huizhou Zecheng Technology Co., Ltd.[24] - As of the end of the reporting period, the actual guarantee amount provided to Guangdong Zecheng Technology Co., Ltd. is 100 million CNY, with a remaining guarantee balance of 71.085 million CNY[24] - The company has no overdue commitments and all commitments are being fulfilled as per the disclosed agreements[29] Research and Development - Research and development expenses were ¥12,560,673.58 for the first nine months of 2023, down from ¥15,458,215.59 in 2022, representing a decrease of approximately 18.5%[40] - The company’s research and development expenses for the first nine months of 2023 were ¥9,282,599.65, slightly down from ¥9,871,636.60 in 2022, indicating a decrease of about 5.9%[43]
则成电子(837821) - 2023 Q3 - 季度财报