FARATRONIC(SH:600563)2023-10-27 16:00Financial Performance - Q3 2023 revenue was CNY 899,703,587.16, a decrease of 14.59% year-over-year[3] - Net profit attributable to shareholders was CNY 223,462,073.25, down 13.85% compared to the same period last year[3] - Basic earnings per share for the quarter was CNY 0.99, reflecting a decline of 13.91% year-over-year[3] - Total operating revenue for the first three quarters of 2023 reached ¥2,871,469,588.83, a slight increase from ¥2,816,633,000.39 in the same period of 2022, representing a growth of approximately 1.95%[19] - Net profit for the first three quarters of 2023 was ¥717,582,308.90, compared to ¥702,445,386.58 in 2022, reflecting a growth of approximately 2.00%[20] - Basic earnings per share for the first three quarters of 2023 were ¥3.18, up from ¥3.07 in the same period of 2022, indicating an increase of about 3.58%[20] - The total profit for the first three quarters of 2023 was ¥827,308,349.11, slightly up from ¥819,624,359.14 in 2022, showing an increase of approximately 0.21%[20] Assets and Equity - Total assets at the end of the quarter reached CNY 5,827,194,409.29, an increase of 2.76% from the end of the previous year[4] - Shareholders' equity attributable to the parent company was CNY 4,389,489,802.13, up 7.58% year-over-year[4] - As of September 30, 2023, the company's total assets amounted to RMB 5,827,194,409.29, an increase from RMB 5,670,485,839.54 at the end of 2022, reflecting a growth of approximately 2.77%[14] - The company's total equity attributable to shareholders rose to RMB 4,389,489,802.13 from RMB 4,080,293,512.07, marking an increase of around 7.58%[16] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 727,912,971.93, an increase of 4.27% compared to the same period last year[3] - Cash flow from operating activities for the first three quarters of 2023 was ¥863,867,065.16, compared to ¥593,656,374.80 in 2022, showing a significant increase of approximately 45.55%[22] - Cash inflow from investment activities in the first three quarters of 2023 was ¥75,910,277.17, down from ¥3,024,168,333.52 in 2022, indicating a decrease of about 97.51%[22] - The net cash flow from financing activities was -$414,059,001.83, reflecting an increase in cash outflow compared to -$370,126,688.88 in the previous period[23] - The net increase in cash and cash equivalents was -$3,989,791.26, contrasting with a significant increase of $255,448,579.31 in the previous period[23] - The ending balance of cash and cash equivalents stood at $524,297,589.69, down from $1,041,498,343.35 in the previous period[23] Liabilities - The total current liabilities decreased to RMB 1,207,072,237.30 from RMB 1,360,028,348.55, representing a reduction of approximately 11.23%[15] - The company's financial liabilities decreased to RMB 1,382,165,130.18 from RMB 1,528,688,419.51, indicating a reduction of about 9.57%[17] Inventory and Receivables - The company's inventory decreased to RMB 648,499,411.61 from RMB 729,481,033.42, a decline of approximately 11.08%[14] - The company's accounts receivable stood at RMB 1,099,506,350.58, down from RMB 1,163,469,509.36, reflecting a decrease of about 5.50%[14] Investments and Expenses - The company has invested RMB 139,409,016.53 in construction projects, which is an increase from RMB 99,849,209.97, reflecting a growth of approximately 39.67%[15] - Research and development expenses increased to ¥109,659,654.75 in 2023 from ¥94,777,233.61 in 2022, representing a growth of approximately 15.66%[19] - Sales expenses decreased to ¥39,296,790.65 in 2023 from ¥44,487,941.02 in 2022, reflecting a reduction of about 11.00%[19] - The company reported a financial expense of -¥27,198,417.72 in 2023, an improvement compared to -¥42,097,094.65 in 2022, indicating a positive change in financial management[19] Shareholder Information - The company had 18,143 common shareholders at the end of the reporting period[8] - The largest shareholder, Xiamen Fala Development Co., Ltd., held 37.33% of the shares[8] Non-Recurring Items - Non-recurring gains and losses for the quarter amounted to CNY 4,185,840.46, compared to a loss of CNY 13,366,232.05 in the previous year[6] Accounting Standards - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the year[24]