GMTC(SH:600898)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥8,458,611.58, a decrease of 63.59% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2023 was a loss of ¥15,026,608.66, with a year-to-date loss of ¥48,738,477.51[2]. - The basic earnings per share for Q3 2023 was -¥0.0527, and the diluted earnings per share was also -¥0.0527[2]. - The company reported a significant decline in operating revenue for the year-to-date period, down 69.40% due to insufficient business orders and reduced OEM and ODM activities[4]. - In the first three quarters of 2023, the company's operating revenue was CNY 31.37 million, a significant decrease from CNY 102.54 million in the same period of 2022, representing a decline of approximately 69.4%[14]. - The net profit attributable to the parent company for the first three quarters of 2023 was a loss of CNY 48.74 million, compared to a loss of CNY 40.20 million in the same period of 2022, indicating a worsening of approximately 21.4%[14]. - The company reported a total loss of CNY 54.29 million for the first three quarters of 2023, compared to a loss of CNY 47.90 million in the same period of 2022, indicating a worsening of approximately 13.5%[14]. - In Q3 2023, the company reported a net loss attributable to shareholders of RMB -48,934,717.38, compared to RMB -40,387,954.49 in Q3 2022, indicating a decline of approximately 21.5% year-over-year[15]. - The total comprehensive income for Q3 2023 was RMB -54,671,605.00, compared to RMB -48,274,990.66 in Q3 2022, reflecting a decline of approximately 13.5%[15]. Assets and Liabilities - Total assets at the end of the reporting period were ¥315,150,692.31, down 23.26% from the previous year[3]. - As of September 30, 2023, the company's total assets amounted to CNY 315.15 million, down from CNY 410.66 million at the end of 2022, reflecting a decrease of about 23.2%[12]. - The company's total liabilities as of September 30, 2023, were CNY 262.36 million, a reduction from CNY 303.20 million at the end of 2022, showing a decrease of approximately 13.5%[12]. - The company's net assets attributable to shareholders were negative CNY 16.59 million as of September 30, 2023, compared to positive CNY 32.35 million at the end of 2022, indicating a significant decline[12]. Cash Flow - The net cash flow from operating activities for the year-to-date period was a net outflow of ¥40,178,400.87[2]. - For the first nine months of 2023, cash inflows from operating activities totaled RMB 47,481,730.34, a significant decrease of 75.7% from RMB 194,726,162.16 in the same period of 2022[18]. - The net cash flow from operating activities for the first nine months of 2023 was RMB -40,178,400.87, slightly improved from RMB -43,743,199.43 in the previous year[18]. - The company experienced a net cash outflow from financing activities of RMB -17,583,292.08 in the first nine months of 2023, compared to RMB -31,640,021.43 in the same period of 2022, showing an improvement of 44.5%[18]. - The company's cash and cash equivalents as of September 30, 2023, were CNY 14.60 million, a decrease from CNY 77.27 million at the end of 2022, indicating a decline of approximately 81.1%[11]. - The company’s cash and cash equivalents at the end of Q3 2023 stood at RMB 11,026,087.03, down from RMB 42,089,329.65 at the end of Q3 2022, a decrease of 73.8%[18]. - The company reported cash inflows from financing activities of RMB 67,900,000.00 in the first nine months of 2023, down from RMB 125,400,000.00 in the same period of 2022, a decline of 45.9%[18]. - The cash outflows for purchasing goods and services in the first nine months of 2023 were RMB 32,055,994.02, a decrease of 79.8% from RMB 158,230,066.71 in the same period last year[18]. Shareholder Information - The company had a total of 15,319 ordinary shareholders at the end of the reporting period[6]. - The largest shareholder, Shandong Longqi Island Construction Co., Ltd., held 29.20% of the shares[7]. Government Support - The company reported a total of ¥132,250.83 in government subsidies related to its normal business operations[4]. Research and Development - The company's research and development expenses for the first three quarters of 2023 were CNY 2.66 million, down from CNY 5.11 million in the same period of 2022, reflecting a decrease of about 47.9%[14]. Risk Warning - The company has warned that if the audited net profit for 2023 is negative and operating revenue is below CNY 100 million, it may face delisting risk according to the Shanghai Stock Exchange regulations[9]. Business Operations - The company did not report any new product launches or significant market expansion strategies during the quarter[19].