YXMC(SH:600213)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥291,260,156.13, a decrease of 29.94% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥27,215,972.62, with a year-to-date loss of ¥81,269,968.19[3]. - Total operating revenue for the first three quarters of 2023 was CNY 687,513,990.13, a decrease of 26.7% compared to CNY 938,850,010.07 in the same period of 2022[16]. - Net profit for the third quarter of 2023 was CNY -84,856,975.60, an improvement from CNY -96,042,021.55 in the same quarter of 2022[17]. - The net profit attributable to shareholders of the parent company for the third quarter of 2023 was CNY -81,269,968.19, compared to CNY -96,163,554.31 in the previous year[17]. - The basic and diluted earnings per share for the period were both -¥0.10, reflecting a significant decline[3]. - The company reported a basic and diluted earnings per share of CNY -0.28 for the third quarter of 2023, an improvement from CNY -0.35 in the same quarter of 2022[17]. Assets and Liabilities - The total assets decreased by 17.36% from the end of the previous year, amounting to ¥2,350,079,486.97[4]. - The equity attributable to shareholders decreased by 50.39% to ¥78,525,864.52 compared to the end of the previous year[4]. - As of September 30, 2023, total current assets amount to approximately 2.139 billion RMB, a decrease from 2.595 billion RMB at the end of 2022, representing a decline of about 17.6%[12][13]. - Total liabilities as of September 30, 2023, are approximately 2.202 billion RMB, down from 2.613 billion RMB, a decrease of about 15.7%[14]. - Current liabilities total approximately 1.735 billion RMB, a decrease from 1.979 billion RMB, representing a decline of about 12.3%[14]. - Non-current liabilities decreased to approximately 467.04 million RMB from 633.49 million RMB, a reduction of about 26.3%[14]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥327,527,695.35[3]. - Cash flow from operating activities for the first three quarters of 2023 was CNY 327,527,695.35, a significant recovery from CNY -3,173,655.62 in the same period of 2022[20]. - The company reported a cash balance of approximately 407.68 million RMB, an increase from 376.87 million RMB[12]. - The company experienced a net increase in cash and cash equivalents of $54.09 million, contrasting with a decrease of -$195.86 million in Q3 2022, suggesting improved liquidity[21]. - The ending balance of cash and cash equivalents was $223.86 million, up from $98.50 million in the previous year, reflecting a stronger cash position[21]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 25.916 million[10]. - The largest shareholder, Weichai (Yangzhou) Investment Co., Ltd., holds 178.2 million shares, accounting for 62.31% of total shares[10]. Operational Efficiency and Future Plans - The company plans to continue focusing on government subsidies and operational efficiency to improve financial performance in the upcoming quarters[8]. - The company has no significant new product launches or technological developments reported in the current quarter[12]. Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 44,232,350.41, down 19.3% from CNY 54,819,198.78 in 2022[16]. Non-Operating Income and Financing Activities - The company reported a non-operating income of ¥8,680,470.69 for the period, an increase compared to the previous year[7]. - The total cash inflow from financing activities was $172.5 million, down from $863.32 million in the previous year, reflecting a significant decrease in financing received[21]. - Cash outflows for debt repayment amounted to $412.51 million, a decrease from $990.59 million in Q3 2022, showing improved debt management[21]. - The net cash flow from financing activities was -$273.71 million, compared to -$199.99 million in the same quarter last year, indicating a worsening financing position[21].