GZRS(SH:600367)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 548,876,459.70, a decrease of 22.71% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2023 was CNY 14,573,521.91, down 52.86% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was CNY 9,289,355.37, reflecting a decline of 68.16% compared to the previous year[6]. - Basic earnings per share for Q3 2023 were CNY 0.05, a decrease of 50.00% from the same quarter last year[7]. - The net profit attributable to shareholders decreased by 92.21% year-to-date compared to the same period last year, primarily due to a decline in the sales price of main products and a decrease in gross margin[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 99.91% year-to-date compared to the same period last year, mainly due to a reduction in net profit attributable to the parent company's owners[15]. - Net profit for the first three quarters of 2023 was CNY 22,197,415.67, a significant decline from CNY 259,907,195.79 in the same period of 2022, representing a decrease of 91.5%[32]. - Basic and diluted earnings per share for Q3 2023 were CNY 0.06, down from CNY 0.81 in the same quarter of the previous year[34]. Cash Flow and Assets - The company reported a net cash flow from operating activities of CNY 102,569,087.80 for the year-to-date, down 40.10% compared to the same period last year[6]. - Cash flow from operating activities for the first three quarters of 2023 was CNY 102,569,087.80, a decline from CNY 171,224,835.38 in the same period last year[38]. - Cash inflow from operating activities totaled CNY 1,243,904,314.04, compared to CNY 1,639,664,995.96 in the previous year[37]. - Cash outflow from operating activities was CNY 1,141,335,226.24, down from CNY 1,468,440,160.58 in the same period last year[38]. - The cash and cash equivalents at the end of Q3 2023 amounted to CNY 535,184,755.51, down from CNY 660,644,108.93 at the end of the previous year[39]. - The total assets at the end of Q3 2023 were CNY 2,842,532,780.99, showing a slight decrease of 0.71% from the end of the previous year[7]. - As of September 30, 2023, total current assets amounted to ¥1,541,885,079.52, a decrease from ¥1,576,667,697.96 at the end of 2022[24]. - The company’s long-term borrowings stood at CNY 94,900,000.00, nearly unchanged from CNY 95,000,000.00 in the previous year[26]. Costs and Expenses - Total operating revenue for the first three quarters of 2023 was CNY 1,567,744,498.56, a decrease of 24.9% compared to CNY 2,087,830,892.29 in the same period of 2022[31]. - Total operating costs for the first three quarters of 2023 were CNY 1,550,079,864.01, down from CNY 1,786,932,944.98 in 2022, reflecting a reduction of 13.2%[31]. - Research and development expenses for the first three quarters of 2023 were CNY 17,050,132.13, slightly up from CNY 16,790,741.84 in the same period of 2022[31]. Equity and Liabilities - Total liabilities as of the end of Q3 2023 were CNY 887,059,679.70, compared to CNY 928,646,160.52 in the previous year, indicating a decrease of 4.5%[27]. - The total equity attributable to shareholders was CNY 1,737,153,423.79, a slight increase from CNY 1,734,967,815.11 in the same period of 2022[27]. - The company reported a total of CNY 1,123,067,300.44 in undistributed profits as of the end of Q3 2023, down from CNY 1,127,252,307.76 in the previous year[27]. Strategic Developments - The company completed the acquisition of 75% of Qingdao Hongdie New Materials Co., Ltd. on November 30, 2022, leading to adjustments in the financial data for the previous year[8]. - The company plans to continue its market expansion and product development strategies to improve future performance[8]. - The company received approval from the China Securities Regulatory Commission for a stock issuance to specific targets, valid for 12 months from the date of approval[21]. Non-Recurring Gains - Non-recurring gains for Q3 2023 included government subsidies totaling CNY 4,442,148.83, contributing to the overall financial performance[11].