Financial Performance - The company's operating revenue for the first nine months of 2023 was ¥216,758,249.86, a decrease of 12.70% compared to ¥248,298,740.40 in the same period last year[11]. - The net profit attributable to shareholders for the first nine months of 2023 was ¥16,603,452.74, down 42.97% from ¥29,111,093.12 in the previous year[11]. - The net profit for the third quarter of 2023 was ¥6,154,812.25, a decrease of 20.10% from ¥7,703,411.57 in the same quarter last year[11]. - Total operating revenue for the first nine months of 2023 was CNY 216,758,249.86, a decrease from CNY 248,298,740.40 in the same period of 2022, representing a decline of approximately 12.7%[40]. - Total operating costs for the first nine months of 2023 were CNY 200,910,513.04, down from CNY 221,919,980.72 in 2022, indicating a reduction of about 9.5%[40]. - Operating profit for the first nine months of 2023 was CNY 17,262,431.21, compared to CNY 27,536,230.88 in 2022, reflecting a decrease of approximately 37.4%[41]. - Net profit for the first nine months of 2023 was CNY 16,603,452.74, down from CNY 29,111,093.12 in 2022, a decline of about 42.6%[42]. - Basic earnings per share for the first nine months of 2023 were CNY 0.34, compared to CNY 0.60 in the same period of 2022, a decrease of approximately 43.3%[42]. - The total comprehensive income for the period was CNY 19,194,413.10, down from CNY 26,601,766.40 in the previous year[45]. - Basic earnings per share decreased to CNY 0.39 from CNY 0.55 year-over-year[45]. Cash Flow - The net cash flow from operating activities was -¥7,546,180.04, representing a decline of 135.59% compared to ¥21,200,875.10 in the same period last year[11]. - Cash inflow from operating activities totaled CNY 162,408,264.57, a decrease of 36.1% from CNY 254,208,075.07[46]. - Cash outflow from operating activities was CNY 169,954,444.61, down from CNY 233,007,199.97, indicating a reduction of 27.1%[46]. - The company’s cash flow from operating activities showed a net increase of only CNY 82,394.30, significantly lower than CNY 23,527,668.57 in the previous year[50]. - Net cash flow from investing activities was negative CNY 2,747,137.15, an improvement from negative CNY 46,182,486.33 year-over-year[47]. - Cash inflow from financing activities was CNY 14,200,000.00, compared to CNY 19,695,153.61 in the previous year[47]. - The ending cash and cash equivalents balance was CNY 25,205,216.14, down from CNY 55,884,512.35[47]. - The company received CNY 14,115,447.56 from investment recoveries during the period[47]. Assets and Liabilities - The total assets as of September 30, 2023, were ¥457,560,367.59, a slight increase of 0.47% from ¥455,400,555.20 at the end of the previous year[12]. - The company's total liabilities to assets ratio was 30.01% as of September 30, 2023, down from 32.18% at the end of the previous year[12]. - The cash and cash equivalents decreased by 35.91% to ¥25,205,216.14, primarily due to significant payments for project costs[13]. - The company's short-term borrowings increased by 35.29% to ¥23,007,632.51, attributed to an increase in short-term bank loans[13]. - The company's current assets totaled CNY 172,366,614.67, down from CNY 187,398,611.49 at the end of 2022, representing a decrease of approximately 8.2%[32]. - The company's total liabilities decreased to CNY 137,307,312.88 from CNY 146,553,340.77, a decline of approximately 6.5%[34]. - Total liabilities as of the end of the reporting period were CNY 127,943,114.73, down from CNY 140,261,167.40 in the previous year, a reduction of about 8.7%[38]. - The company's total equity increased to CNY 320,253,054.71 from CNY 308,847,214.43, reflecting an increase of about 3.7%[34]. - Total equity increased to CNY 312,776,336.02 from CNY 298,779,535.38, representing an increase of approximately 4.7%[38]. Shareholder Information - The total number of ordinary shares is 48,750,000, with 4,507 shareholders[20]. - The proportion of unrestricted shares increased from 24.53% to 46.68%, while restricted shares decreased from 75.47% to 53.32%[19]. - The largest shareholder, Huai'an Haoxin Hydraulic Co., Ltd., holds 28.72% of the shares, totaling 14,000,000 shares[21]. - The company has no pledges or judicial freezes on shares held by shareholders with more than 5% ownership[22]. Commitments and Legal Matters - The company disclosed its expected daily related transactions for 2023 on April 13, 2023[25]. - The company reported no significant litigation or arbitration matters during the reporting period[24]. - The company has made important commitments as disclosed in the 2022 annual report[26]. - The company has approved asset pledges for bank loans, specifically for real estate located in Huai'an Economic and Technological Development Zone[27]. - The company has initiated a new strategy involving the use of its real estate as collateral for bank loans, indicating a focus on leveraging assets for financial flexibility[28]. Investment and Development - The company reported a significant increase in construction in progress by 236.07% to ¥44,097,596.96, reflecting increased investment in the Phase III project[13]. - The company reported an investment income of CNY 312,000.00 for the first nine months of 2023, compared to a loss of CNY 55,408.43 in the same period of 2022[41]. - Research and development expenses for the first nine months of 2023 were CNY 8,101,317.15, down from CNY 10,704,199.10 in 2022, a decrease of about 24.4%[41]. - The company plans to focus on market expansion and new product development to drive future growth[39].
威博液压(871245) - 2023 Q3 - 季度财报