GETM(SH:600232)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥399,815,001.38, representing a year-on-year increase of 16.83%[4] - The net profit attributable to shareholders for Q3 2023 was ¥11,034,592.13, a decrease of 17.62% compared to the same period last year[4] - The basic earnings per share for Q3 2023 was ¥0.030, down 18.92% year-on-year[4] - The net profit attributable to shareholders for the year-to-date period decreased by 37.74% to ¥28,989,140.38[4] - The company reported a decrease of 39.37% in net profit after deducting non-recurring gains and losses for the year-to-date period[8] - The net profit for Q3 2023 was CNY 33,406,738.54, a decrease of 34% compared to CNY 50,687,013.26 in Q3 2022[19] - The operating profit for Q3 2023 was CNY 38,775,503.21, down from CNY 59,702,162.39 in the same period last year, reflecting a decline of approximately 35%[21] - The company reported a total profit of CNY 39,494,774.80 for Q3 2023, a decrease of approximately 34% from CNY 59,659,454.28 in Q3 2022[21] Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥1,678,732,021.99, reflecting a slight increase of 0.49% from the end of the previous year[5] - As of September 30, 2023, total assets were RMB 1,678,732,021.99, slightly up from RMB 1,670,481,361.68 at the end of 2022[14] - Current assets totaled RMB 1,294,609,242.91, compared to RMB 1,264,875,971.32 at the end of 2022, showing an increase of approximately 2.3%[13] - Current liabilities increased to RMB 599,413,058.80 from RMB 562,998,909.20, representing a rise of about 6.5%[15] - The company's total equity as of September 30, 2023, was RMB 1,073,552,637.70, down from RMB 1,101,527,215.30 at the end of 2022, reflecting a decrease of about 2.5%[15] - The company's cash and cash equivalents decreased to RMB 194,089,885.51 from RMB 312,504,842.49, a decline of approximately 37.9%[13] - The company reported a significant increase in accounts receivable, which rose to RMB 346,936,998.97 from RMB 259,563,938.75, marking an increase of approximately 33.6%[13] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥136,848,975.26, a significant decrease of 1457.43% compared to the previous year[4] - The net cash flow from operating activities for the first nine months of 2023 was negative at CNY -136,848,975.26, compared to a positive CNY 10,081,490.89 in the same period last year[21] - The total cash and cash equivalents at the end of Q3 2023 were CNY 134,008,177.52, down from CNY 187,182,791.98 at the end of Q3 2022[22] Shareholder Information - The company has a total of 20,032 common shareholders as of the report date[10] - Zhejiang Jinying Group Co., Ltd. holds 48.58% of the shares, with 63,794,600 shares pledged[10] Operating Costs - Total operating revenue for the first three quarters of 2023 reached RMB 969,277,533.93, an increase from RMB 927,459,748.89 in the same period of 2022, reflecting a growth of approximately 4.4%[17] - Total operating costs for the first three quarters of 2023 amounted to RMB 938,531,205.69, up from RMB 848,333,550.05 in the previous year, indicating an increase of about 10.6%[17] Research and Development - Research and development expenses increased to CNY 19,611,900.66 in Q3 2023, up from CNY 15,746,355.49 in Q3 2022, representing a growth of about 24%[21] Tax and Financial Expenses - The company incurred financial expenses of CNY 5,970,302.06 in Q3 2023, compared to a financial income of CNY -1,752,493.77 in Q3 2022[21] - The company’s tax expenses for Q3 2023 were CNY 6,088,036.26, down from CNY 8,972,441.02 in Q3 2022, reflecting a decrease of about 32%[21] Strategic Developments - The company has not disclosed any new product developments or market expansion strategies in the current report[12] - There are no significant mergers or acquisitions reported during the quarter[12]