Hunan (SH:600476)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥108,893,259.59, a decrease of 42.71% compared to the same period last year[4]. - Total operating revenue for the first three quarters of 2023 was ¥328,266,889.08, a decrease of 19.3% compared to ¥406,827,348.87 in the same period of 2022[20]. - Total operating costs for the first three quarters of 2023 were ¥358,807,428.88, down 18% from ¥437,783,063.00 in the previous year[20]. - Net loss for the first three quarters of 2023 was ¥23,242,927.82, an improvement from a net loss of ¥30,496,724.63 in the same period of 2022[21]. - The net profit attributable to shareholders was a loss of ¥6,835,736.19, with a year-to-date loss of ¥23,242,927.82[4]. - Basic and diluted earnings per share for the first three quarters of 2023 were both -¥0.144, compared to -¥0.189 in the previous year[21]. - The basic earnings per share for Q3 2023 was -¥0.042, compared to -¥0.144 for the year-to-date[6]. Assets and Liabilities - The total assets at the end of the reporting period were ¥659,691,129.00, a decrease of 2.84% from the end of the previous year[6]. - Total current assets decreased from CNY 508,865,957.84 at the end of 2022 to CNY 468,754,049.05 as of September 30, 2023, a decline of approximately 7.87%[15]. - Total liabilities increased slightly from CNY 529,538,465.11 to CNY 537,042,191.44, an increase of approximately 1%[16]. - Total liabilities as of the end of the third quarter of 2023 were ¥556,850,018.00, slightly up from ¥552,866,226.20 at the end of the previous year[17]. - The company's total liabilities increased to ¥1,200,000,000.00 in 2023, reflecting a rise of 10% from ¥1,090,909,090.00 in 2022[31]. Cash Flow - The cash flow from operating activities showed a net outflow of ¥72,272,066.90 year-to-date, indicating a decline in cash generation[4]. - Cash flow from operating activities for the first three quarters of 2023 was -¥72,272,066.90, an improvement from -¥113,437,652.09 in the same period of 2022[24]. - The net cash flow from investing activities was -5,532,328.53 RMB, a decrease from -13,783,767.65 RMB in the previous period[25]. - The net cash flow from financing activities was -25,216,949.91 RMB, a significant decline from 103,215,127.71 RMB in the previous period[25]. - The company reported a total cash inflow from operating activities of ¥370,372,991.70, down from ¥462,094,644.83 in the previous year[24]. Expenses - Research and development expenses decreased by 50.67% year-to-date, reflecting reduced investment in R&D activities[9]. - Research and development expenses for the first three quarters of 2023 were ¥7,061,839.80, a decrease of 50.7% compared to ¥14,315,085.88 in the same period of 2022[20]. - The company experienced a 95.85% decrease in other income year-to-date, primarily due to reduced government subsidies[9]. - The company’s financial expenses increased by 18.31% year-to-date, attributed to a rise in average loan scale[9]. - The company incurred financial expenses of ¥9,037,577.62 in the first three quarters of 2023, an increase of 18.3% from ¥7,638,860.05 in the same period of 2022[31]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 20,643[11]. - Total equity attributable to shareholders was ¥102,841,111.00, down from ¥126,084,038.82 in the previous year[17]. Inventory and Receivables - Accounts receivable increased from CNY 177,441,077.64 to CNY 186,627,185.67, representing an increase of approximately 5.5%[15]. - Inventory decreased from CNY 101,647,360.39 to CNY 80,689,422.69, a reduction of about 20.6%[15]. - The company's inventory decreased to 80,689,422.69 RMB from 101,647,360.39 RMB year-over-year[27]. Other Information - The company has not disclosed any new product or technology developments during the reporting period[13]. - There are no significant mergers or acquisitions reported in the current quarter[13].