SCREEN(SH:688053)2025-04-25 17:10Financial Performance - The company's revenue for Q3 2023 was CNY 46,783,721.43, representing a decrease of 31.75% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was CNY 11,411,503.07, down 53.17% year-on-year[5]. - Year-to-date revenue until the end of the reporting period was CNY 157,255,790.29, a decline of 19.14% compared to the previous year[5]. - Year-to-date net profit attributable to shareholders was CNY 50,538,081.10, down 36.38% year-on-year[5]. - The basic and diluted earnings per share for Q3 2023 were both CNY 0.12, a decrease of 50% compared to the same period last year[6]. - The company reported total operating revenue of RMB 157,255,790.29 for the first three quarters of 2023, a decrease of 19.1% compared to RMB 194,475,479.98 in the same period of 2022[28]. - The total profit for the current period is CNY 55,719,258.79, down 39.1% from CNY 91,639,373.24 in the previous period[30]. - The operating profit for the current period is CNY 52,743,733.18, a decline of 42.2% compared to CNY 91,227,235.49 in the previous period[30]. - The total comprehensive income for the current period is CNY 50,208,871.45, down 36.7% from CNY 79,440,019.42 in the previous period[30]. - The basic and diluted earnings per share for the current period are both CNY 0.51, compared to CNY 0.99 in the previous period[30]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was CNY 25,798,914.55, an increase of 70.85% year-on-year[6]. - The net cash flow from operating activities for the first three quarters of 2023 is CNY 25,798,914.55, an increase of 70.9% from CNY 15,099,970.10 in the same period last year[32]. - The cash inflow from investment activities for the current period is CNY 947,686,524.54, with a net cash flow from investment activities of CNY 387,188,180.26, compared to a negative CNY 84,868,270.86 in the previous period[33]. - The cash flow from financing activities for the current period is CNY 18,420,407.24, a significant decrease from CNY 1,222,862,883.56 in the previous period[33]. - The total assets at the end of the reporting period were CNY 1,836,771,854.12, an increase of 6.47% from the end of the previous year[7]. - The total assets of the company reached RMB 1,836,771,854.12 as of September 30, 2023, compared to RMB 1,725,130,329.52 at the end of 2022, reflecting an increase of 6.5%[25]. - The company has significantly increased its cash reserves, with cash and cash equivalents reaching RMB 598,927,609.27 as of September 30, 2023, compared to RMB 167,520,107.22 at the end of 2022, representing a growth of 257.5%[23]. - Inventory levels rose to RMB 11,036,647.27, up 64.5% from RMB 6,705,442.89 at the end of 2022[24]. - Non-current liabilities increased to RMB 47,465,919.34, up from RMB 13,116,060.08 at the end of 2022, indicating a rise of 262.5%[26]. - The company's retained earnings increased to RMB 336,299,974.07, up from RMB 285,761,892.97 at the end of 2022, marking an increase of 17.6%[27]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 3,876[15]. - The largest shareholder, Jian Shui Quan Jun Enterprise Management Center, holds 54,908,065 shares, accounting for 54.91% of total shares[15]. - The top ten shareholders include Ningbo Tongtai Xin Venture Capital, holding 5,400,000 shares (5.40%) and Ningbo Tongyuan Youbo Investment, holding 3,000,000 shares (3.00%)[15]. - The total number of shares involved in margin trading among the top ten shareholders is 120,100 shares[16]. - The company has repurchased a total of 336,871 shares, representing 0.34% of the total share capital, with a total expenditure of RMB 17,197,755.11[18]. - The highest repurchase price per share was RMB 52.87, while the lowest was RMB 49.39[18]. Research and Development - Research and development expenses for Q3 2023 were CNY 5,615,194.83, down 21.19% year-on-year, accounting for 1.97% of revenue[7]. - The company has made substantial investments in R&D, focusing on satellite detection and chip testing, with a strategic partnership established with a satellite research institute[20]. - The company aims to develop a large-scale automated testing model combining artificial intelligence and high-speed computing, addressing significant demand in the satellite industry[20]. - The company has completed the construction of a high-cleanliness testing laboratory of over 400 square meters, enhancing its testing capabilities for satellite products and manned spacecraft components[20]. - The company plans to enhance its testing capabilities, which has led to an increase in operating costs, contributing to the decline in net profit[12]. - The company has added over 7,000 square meters of environmental and electromagnetic compatibility testing facilities, with basic renovations completed[19]. - A wholly-owned subsidiary, Hainan Guoxing Feice Technology Co., Ltd., was established with an investment of RMB 60 million to enhance satellite-related industry capabilities[19]. - The company has completed the business registration procedures for the new subsidiary, Hainan Feice[19]. Market Conditions - The decline in revenue was attributed to a phase adjustment in order demand from the military product market and upstream and downstream customers[12]. - Total operating costs increased to RMB 118,239,629.98 in 2023, up 13.0% from RMB 104,654,418.26 in 2022[28]. - The company aims to strengthen its competitiveness and proximity to aerospace clients through strategic investments[19].