Shenqi(SH:600613)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥504,867,892.27, a decrease of 1.12% compared to the same period last year[7]. - Net profit attributable to shareholders was ¥31,212,847.54, an increase of 32.98% year-on-year[7]. - Basic earnings per share for the period was ¥0.06, reflecting a significant increase of 46.11% compared to the previous year[7]. - Total operating revenue for the first three quarters of 2023 was CNY 1,710,542,948.95, a slight decrease from CNY 1,712,817,975.79 in the same period of 2022[24]. - Net profit for the first three quarters of 2023 was CNY 65,449,848.56, up from CNY 56,932,916.95 in the same period last year, reflecting a growth of approximately 15.5%[25]. - Earnings per share for the first three quarters of 2023 were CNY 0.12, compared to CNY 0.10 in 2022, showing an increase of 20%[26]. - The company reported an operating profit of CNY 83,975,367.45 for the first three quarters of 2023, compared to CNY 75,387,073.16 in 2022, marking an increase of approximately 11.1%[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,211,910,586.64, a decrease of 5.00% from the end of the previous year[8]. - As of September 30, 2023, the company's total assets amounted to RMB 3,211,910,586.64, a decrease from RMB 3,381,085,508.75 at the end of 2022, reflecting a decline of approximately 5%[18]. - The total liabilities decreased to CNY 820,764,519.01 from CNY 1,007,909,005.78 year-over-year, indicating a reduction in financial obligations[24]. - The total liabilities decreased to RMB 794,636,525.39 from RMB 1,042,041,911.79, a decline of about 23.7%[19]. - Current liabilities decreased to RMB 600,236,525.39 from RMB 774,341,911.79, a reduction of approximately 22.4%[19]. Cash Flow - Cash flow from operating activities showed a net decrease of 38.81% year-to-date, primarily due to reduced cash receipts[11]. - In the first three quarters of 2023, the company generated cash inflows from operating activities totaling ¥1,665,571,777.45, a decrease of approximately 5.9% compared to ¥1,770,453,361.85 in the same period of 2022[28]. - The net cash flow from operating activities for the first nine months of 2023 was ¥165,498,838.99, down 38.8% from ¥270,481,490.46 in the previous year[28]. - The company reported cash outflows from investing activities of ¥30,908,647.79, compared to ¥21,002,548.79 in the same period last year, indicating an increase in investment expenditures[29]. - Cash inflows from financing activities amounted to ¥28,857,135.99, significantly higher than ¥9,000,000.00 in the previous year, reflecting increased borrowing activities[29]. - The net cash flow from financing activities was -¥82,773,462.69, an improvement from -¥113,198,364.85 in the same period of 2022[29]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 69,403[13]. - The total equity attributable to shareholders increased to CNY 2,343,528,202.57 from CNY 2,327,449,920.42, reflecting a growth of approximately 0.69%[24]. Investments and Expenses - The company has introduced new investment products amounting to ¥20 million during the reporting period[11]. - Research and development expenses for the first three quarters of 2023 were CNY 31,487,817.57, down from CNY 36,536,409.04 in 2022, indicating a focus on cost management[24]. - The company received government subsidies totaling ¥3,605,235.45 during the reporting period, contributing to its non-operating income[10]. Other Financial Metrics - The weighted average return on equity increased by 0.45 percentage points to 2.82%[7]. - The company reported a significant increase in other receivables by 201.93%, mainly due to increased operational loans[11]. - The company reported a significant increase in other receivables, which rose to RMB 32,120,091.94 from RMB 10,638,300.24, representing an increase of approximately 201%[18]. - The company's cash and cash equivalents increased to RMB 708,138,858.16 from RMB 656,490,488.19, representing an increase of about 7.5% year-over-year[18]. - Accounts receivable rose to RMB 432,546,332.78, up from RMB 361,049,109.95, indicating a growth of approximately 20%[18]. - Inventory levels increased to RMB 251,745,258.04 from RMB 218,822,277.02, marking a rise of about 15%[18]. - The company's non-current assets totaled RMB 1,563,995,053.36, down from RMB 1,611,193,215.27, indicating a decrease of approximately 2.9%[19]. - The company's long-term investments remained stable at RMB 3,368,137.40, unchanged from the previous year[19]. Future Outlook - The company plans to continue focusing on investment in new technologies and market expansion strategies to drive future growth[30].