BENEFO(SH:600468)2023-10-27 16:00Financial Performance - Revenue for Q3 2023 was RMB 488.93 million, a decrease of 20.98% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2023 was RMB 30.29 million, down 21.42% year-on-year[5] - Total operating revenue for the first three quarters of 2023 was RMB 1,531,985,499.08, a decrease of 12.4% compared to RMB 1,749,762,704.81 in the same period last year[28] - Net profit attributable to the parent company's shareholders for the first three quarters of 2023 was RMB 96,584,704.88, a decrease of 1.6% compared to RMB 98,117,383.24 in the same period last year[31] - Basic earnings per share for Q3 2023 were RMB 0.0279, down 21.19% year-on-year[5] - Basic earnings per share for the first three quarters of 2023 were RMB 0.0888, a decrease of 1.6% compared to RMB 0.0902 in the same period last year[31] - Weighted average return on equity for Q3 2023 was 1.50%, a decrease of 0.48 percentage points compared to the same period last year[5] - Total comprehensive income for the first three quarters of 2023 was RMB 101,099,550.99, an increase of 8.7% compared to RMB 93,048,003.89 in the same period last year[31] Assets and Liabilities - Total assets as of the end of Q3 2023 were RMB 3.80 billion, a slight increase of 0.43% compared to the end of the previous year[8] - Equity attributable to shareholders increased by 3.05% to RMB 2.03 billion at the end of Q3 2023[8] - As of September 30, 2023, the company's total assets were 3.802 billion yuan, a slight increase from 3.786 billion yuan at the end of 2022[19][25] - The company's total liabilities decreased to 1.596 billion yuan as of September 30, 2023, from 1.641 billion yuan at the end of 2022[25] - The company's total equity increased to 2.206 billion yuan as of September 30, 2023, from 2.145 billion yuan at the end of 2022[25] - The company's short-term borrowings decreased to 257.58 million yuan as of September 30, 2023, from 317.25 million yuan at the end of 2022[22] - The company's long-term borrowings decreased to 20.22 million yuan as of September 30, 2023, from 40.22 million yuan at the end of 2022[25] Cash Flow - Operating cash flow for the first nine months of 2023 was negative RMB 18.95 million, a significant decrease of 201.08% compared to the same period last year[5] - Operating cash flow for the first three quarters of 2023 was negative RMB 18,945,095.10, compared to positive RMB 18,741,954.54 in the same period last year[33] - Cash received from selling goods and providing services for the first three quarters of 2023 was RMB 1,457,348,721.76, an increase of 15.5% compared to RMB 1,262,134,928.84 in the same period last year[33] - Cash paid for goods and services for the first three quarters of 2023 was RMB 1,093,930,220.61, an increase of 25.0% compared to RMB 875,519,525.46 in the same period last year[33] - Cash received from tax refunds for the first three quarters of 2023 was RMB 19,120,023.61, an increase of 114.6% compared to RMB 8,908,943.21 in the same period last year[33] - Cash paid for the construction of fixed assets, intangible assets, and other long-term assets for the first three quarters of 2023 was RMB 26,007,211.89, a decrease of 52.0% compared to RMB 54,170,122.96 in the same period last year[33] - Investment activities resulted in a net cash outflow of RMB 166.58 million, with a total cash outflow of RMB 177.71 million[40] - Financing activities generated a net cash inflow of RMB 100.28 million, with total cash inflows of RMB 272.22 million and outflows of RMB 171.94 million[40] - The company repaid RMB 300 million in debt, compared to RMB 125 million in the previous period[40] - Cash and cash equivalents decreased by RMB 96.5 million, ending the period with a balance of RMB 481.67 million[40] - The company acquired subsidiaries and other business units, paying a net cash amount of RMB 108.54 million[40] - Dividend payments to minority shareholders amounted to RMB 6.19 million[40] - The impact of exchange rate changes on cash and cash equivalents was RMB 1.14 million[40] Subsidiary Performance - The company's subsidiary, Beijing Innova Superconductor Technology Co., Ltd., reported revenue of 71.59 million yuan in 2022, with a net loss of 402.26 million yuan. For the first nine months of 2023, the subsidiary's revenue was 8.39 million yuan, with a net loss of 477.12 million yuan[16] Government Subsidies and Accounting - Government subsidies received during Q3 2023 amounted to RMB 3.15 million[9] - The company did not apply new accounting standards or interpretations for the first time in 2023[42] Management and Shareholding - The company appointed Zhu Wenbin as Executive Vice President on July 3, 2023[13] - The top shareholder, Tianjin Hydraulic Machinery (Group) Co., Ltd., holds 53.29% of the company's shares[12] R&D Expenses - R&D expenses for the first three quarters of 2023 were RMB 79,261,101.76, a decrease of 8.7% compared to RMB 86,767,458.41 in the same period last year[28]