KEDA GROUP(SH:600986)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥2,518,434,537.22, a decrease of 30.61% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥43,357,929.87, down 29.04% year-on-year[5]. - Basic earnings per share for Q3 2023 were ¥0.04, a decrease of 20.00% compared to the previous year[6]. - The net profit excluding non-recurring gains and losses was ¥43,029,684.36, down 11.21% year-on-year[5]. - The total operating revenue for the first nine months of 2023 was CNY 8,240,582,552.13, a decrease from CNY 11,371,216,005.49 in the same period of 2022, representing a decline of approximately 27.5%[20]. - The net profit attributable to the parent company's shareholders for the first nine months of 2023 was CNY 114,509,398.78, compared to CNY 125,357,155.64 in the same period last year, reflecting a decline of approximately 6.7%[21]. - The total comprehensive income for the first nine months of 2023 was CNY 113,402,224.64, compared to CNY 123,522,075.81 in the previous year, reflecting a decrease of approximately 8.6%[21]. Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date period was ¥523,348,852.27, reflecting a significant increase of 290.58%[6]. - In the first three quarters of 2023, the net cash flow from operating activities was ¥523.35 million, a significant improvement from a net outflow of ¥274.61 million in the same period of 2022[23]. - Total cash inflow from operating activities decreased to ¥8.94 billion in 2023 from ¥11.49 billion in 2022, representing a decline of approximately 22%[23]. - Cash outflow for purchasing goods and services was ¥7.94 billion in 2023, down from ¥11.24 billion in 2022, indicating a reduction of about 29%[23]. - The net cash flow from investing activities was -¥422.61 million in 2023, compared to -¥7.60 million in 2022, reflecting a larger negative cash flow[23]. - Cash inflow from financing activities increased to ¥1.94 billion in 2023 from ¥1.65 billion in 2022, marking an increase of approximately 17%[24]. - The net cash flow from financing activities was ¥541.37 million in 2023, a substantial increase from ¥60.55 million in 2022[24]. - The ending balance of cash and cash equivalents rose to ¥1.03 billion in 2023, compared to ¥693.49 million in 2022, showing an increase of about 48%[24]. - The company experienced a net increase in cash and cash equivalents of ¥642.20 million in 2023, contrasting with a net decrease of ¥221.37 million in 2022[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,311,036,883.69, representing a 14.62% increase from the end of the previous year[6]. - The company's equity attributable to shareholders increased by 23.55% year-on-year, reaching ¥4,986,805,255.72[6]. - The total current assets increased to CNY 6,538,949,476.24 from CNY 5,686,177,846.25, representing a rise of approximately 15%[16]. - The company's long-term equity investments rose to CNY 88,515,461.30 from CNY 70,601,114.75, marking an increase of approximately 25.4%[16]. - The total liabilities decreased to CNY 4,200,000,000 from CNY 4,500,000,000, indicating a reduction of about 6.7%[16]. - The company reported a short-term loan balance of CNY 888,840,952.94, down from CNY 1,127,009,397.31, reflecting a decrease of approximately 21.1%[16]. - The company's total liabilities as of the end of the third quarter of 2023 amounted to CNY 3,318,343,209.22, an increase from CNY 3,119,928,589.95 at the end of the previous year, representing a growth of about 6.4%[20]. - The total equity attributable to the parent company's shareholders increased to CNY 4,986,805,255.72 from CNY 4,036,232,907.28, marking an increase of approximately 23.6%[20]. Government Support and R&D - The company received government subsidies amounting to ¥462,066.00 during the reporting period[8]. - Research and development expenses for the first nine months of 2023 were CNY 26,049,725.02, slightly up from CNY 24,770,026.92 in the same period of 2022, indicating a growth of about 5.2%[20]. Business Operations - The decline in operating revenue was primarily due to proactive adjustments in the low-margin business of the performance marketing segment to strengthen cash flow management[10]. - The company has not reported any significant new product launches or technological advancements during this quarter[14]. - The company has not disclosed any new product developments or market expansion strategies in the provided content, suggesting a focus on current operations and financial stability[20].