GLCC(SH:600234)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥48,080,674.89, representing a significant increase of 289.84% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥4,171,955.05, reflecting a decrease of 173.29% year-on-year[5]. - The basic earnings per share for the period was -¥0.0159, a decline of 173.26% compared to the previous year[5]. - The company’s net profit attributable to shareholders for the year-to-date period was a loss of ¥20,367,370.94, with no applicable year-on-year comparison due to the nature of the loss[5]. - The net profit attributable to shareholders of the listed company for the current reporting period is -173.29 million RMB, primarily due to an increase in the provision for bad debts related to accounts receivable from the decoration business[10]. - The net profit attributable to shareholders for the year-to-date period is not applicable, as it reflects a decrease in operating income compared to the previous year and an increase in the aging of accounts receivable[10]. - The basic earnings per share for the current reporting period is -173.26 RMB, resulting from the decrease in net profit attributable to shareholders[10]. - Net profit for the third quarter of 2023 was CNY -20,367,270.85, compared to CNY -151,261.36 in the same quarter of 2022, reflecting a significant increase in losses[23]. - The total comprehensive income for Q3 2023 was -20,367,270.85 CNY, compared to -151,261.36 CNY in Q3 2022[24]. - Basic and diluted earnings per share for Q3 2023 were both -0.0776 CNY, a decrease from -0.003 CNY in Q3 2022[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥808,084,940.09, down 4.64% from the end of the previous year[6]. - The company's total assets decreased from CNY 847,427,371.12 in the previous quarter to CNY 808,084,940.09 in the current quarter, a decline of 4.63%[20]. - Total liabilities decreased from CNY 230,250,151.97 to CNY 211,274,991.79, representing a reduction of 8.25%[19]. - The company's equity attributable to shareholders decreased from CNY 599,587,838.41 to CNY 579,220,467.47, a decline of 3.43%[20]. - The company’s total current assets decreased from CNY 400,679,941.01 to CNY 359,434,629.59, a decline of 10.27%[19]. Cash Flow - The company reported a net cash flow from operating activities of ¥8,104,297.01 for the year-to-date period[5]. - The net cash flow from operating activities for the year-to-date period is not applicable, mainly due to the company's strengthened collection efforts on accounts receivable[10]. - Cash inflow from operating activities for the first three quarters of 2023 was 88,349,424.26 CNY, down from 225,246,042.65 CNY in the same period of 2022, representing a decline of approximately 60.8%[26]. - Cash outflow from operating activities for the first three quarters of 2023 was 80,245,127.25 CNY, compared to 289,990,123.74 CNY in 2022, indicating a reduction of about 72.3%[26]. - The net cash flow from operating activities for the first three quarters of 2023 was 8,104,297.01 CNY, a significant improvement from -64,744,081.09 CNY in the same period of 2022[26]. - The net cash flow from investing activities for the year-to-date period is -106.01 million RMB, primarily due to the disposal of shares in Shenzhen Guanghe Mountain Water Media Co., Ltd. in the previous period[10]. - The net cash flow from investing activities for Q3 2023 was -833,868.35 CNY, compared to 13,883,087.90 CNY in Q3 2022[27]. - The net cash flow from financing activities for Q3 2023 was -3,380,502.37 CNY, worsening from -2,763,485.91 CNY in Q3 2022[27]. - The cash and cash equivalents at the end of Q3 2023 totaled 119,601,695.09 CNY, an increase from 46,141,993.60 CNY at the end of Q3 2022[27]. Expenses and Subsidies - The company received government subsidies amounting to ¥2,083,885.13 during the year-to-date period, contributing to a 128.58% increase in other income[9]. - The company’s sales expenses for the year-to-date period decreased by 88.82%, attributed to the divestment of its advertising business[9]. - Research and development expenses for the first three quarters of 2023 were CNY 601,093.58, a decrease of 83.87% from CNY 3,728,669.91 in the same period of 2022[22]. - The company paid 14,727,891.80 CNY to employees in Q3 2023, down from 26,388,559.66 CNY in Q3 2022, reflecting a decrease of approximately 44.4%[26]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 10,331[12]. - The largest shareholder, Shenzhen Kexin Industrial Holdings Co., Ltd., holds 60,075,093 shares, accounting for 22.88% of the total shares[12]. Business Strategy - The company plans to increase its internet advertising marketing business through a capital increase in Shaanxi Runtian Advertising Co., Ltd., leveraging digital marketing services[15]. - The company has a significant accounts receivable balance, with risks associated with the inability to recover these amounts in a timely manner[15].