QSZY(SH:600103)2023-10-23 16:00Financial Performance - Q3 2023 revenue was CNY 560,927,546.87, a decrease of 20.13% year-over-year[4] - Net profit attributable to shareholders was CNY 13,356,647.20, down 71.28% compared to the same period last year[4] - Basic earnings per share decreased by 71.09% to CNY 0.0061 in Q3 2023[5] - The weighted average return on equity fell by 2.35 percentage points to 0.36%[5] - Total operating revenue for the first three quarters of 2023 reached CNY 2,287,382,836.10, an increase from CNY 1,906,945,618.98 in the same period of 2022, representing a growth of approximately 20%[20] - Net profit for the third quarter of 2023 was CNY 102,536,253.25, down from CNY 191,351,295.48 in the same quarter of 2022, reflecting a decline of approximately 46.4%[21] - The company reported a total profit of CNY 123,015,291.29 for the third quarter of 2023, down from CNY 251,832,225.47 in the same quarter of 2022, indicating a decline of approximately 51.1%[21] - Net profit for the first three quarters of 2023 was CNY 56,535,257.70, a decline of 65.0% compared to CNY 161,576,345.21 in 2022[29] - The company’s total comprehensive income for the first three quarters of 2023 was CNY 56,535,257.70, a decrease of 65.0% compared to CNY 161,576,345.21 in 2022[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,819,008,081.44, a slight decrease of 0.08% from the previous year[5] - As of September 30, 2023, the company's total assets amounted to CNY 5,819,008,081.44, a slight decrease from CNY 5,823,827,064.05 at the end of 2022[13] - The total liabilities as of the end of the third quarter of 2023 amounted to CNY 1,663,915,095.10, slightly up from CNY 1,659,795,390.86 at the end of the previous year[19] - The total liabilities increased to CNY 3,598,542,258.77 from CNY 3,603,163,653.17, showing a marginal decrease[15] - The total current liabilities decreased slightly to ¥1,222,375,338.93 from ¥1,224,604,476.59 in the previous year[27] - The company's total liabilities increased slightly to ¥1,433,419,859.47 from ¥1,424,607,461.72[27] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 107,187,509.58, down 64.23% year-over-year[4] - Cash inflow from operating activities for the first three quarters of 2023 was CNY 1,776,890,739.29, compared to CNY 1,992,021,688.25 in the same period of 2022, showing a decrease of about 10.8%[23] - The net cash flow from operating activities for Q3 2023 was ¥107,187,509.58, a decrease of 64.2% compared to ¥299,655,051.34 in Q3 2022[24] - The company reported a net cash outflow from investing activities of CNY -489,997,277.98 for the first three quarters of 2023, compared to CNY -77,226,169.49 in the previous year[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 116,305[11] - The largest shareholder, Fujian Energy Group, holds 9.56% of the shares[11] - The company reported a total of 93,488,760 shares held in the repurchase account, accounting for 4.05% of total shares[12] Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 42,822,272.02, compared to CNY 49,626,432.26 in the previous year, reflecting a decrease of about 13.7%[20] - Research and development expenses decreased to CNY 8,999,571.52 in 2023 from CNY 14,076,906.28 in 2022, reflecting a reduction of approximately 36.5%[28] Inventory and Receivables - Accounts receivable increased significantly to CNY 227,972,385.03 from CNY 103,119,930.90, representing a growth of about 121%[13] - The company's inventory decreased to CNY 540,127,192.66 from CNY 599,133,393.97, reflecting a reduction of approximately 10%[15] - The inventory decreased to ¥263,098,408.17 from ¥319,719,787.83, reflecting a reduction of 17.7%[26] Borrowings - Short-term borrowings rose to CNY 574,180,694.44 from CNY 432,107,898.32, an increase of about 33%[15] - The company's long-term borrowings increased to ¥144,000,000.00 from ¥131,000,000.00 year-over-year[27] - The company raised CNY 545,000,000.00 through borrowings in the first three quarters of 2023, an increase from CNY 450,000,000.00 in the same period of 2022[32] Other Information - The company has not disclosed any new product or technology developments in this quarter[13] - There are no significant mergers or acquisitions reported during this period[13]