四创电子(600990) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was CNY 337,950,953.47, a decrease of 43.95% compared to the same period last year[6]. - The net profit attributable to shareholders of the listed company was a loss of CNY 46,872,857.57, compared to a loss of CNY 6,496,580.57 in the same period last year[6]. - The basic earnings per share for Q3 2023 was -0.1742 CNY, down from -0.0314 CNY in the same period last year[7]. - Total operating revenue for the first three quarters of 2023 was CNY 1,077,222,324.32, a decrease of 26.8% compared to CNY 1,472,429,537.51 in the same period of 2022[21]. - Net profit for the third quarter of 2023 was a loss of CNY 86,646,091.71, compared to a loss of CNY 48,886,149.28 in the same quarter of 2022, representing an increase in loss of 77.4%[22]. - The company reported a basic and diluted earnings per share of CNY -0.3274 for the third quarter of 2023, compared to CNY -0.1923 in the same quarter of 2022[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,226,370,573.49, reflecting a decrease of 2.99% from the end of the previous year[7]. - The equity attributable to shareholders of the listed company was CNY 2,638,079,965.45, down 3.21% from the end of the previous year[7]. - The total liabilities as of the end of the third quarter of 2023 were CNY 4,558,692,972.56, a decrease from CNY 4,693,543,871.59 at the end of the previous year[19]. - Total current liabilities are reported at ¥3,777,432,816.70, slightly down from ¥3,794,638,103.11[18]. Cash Flow - The net cash flow from operating activities was a negative CNY 280,533,000, compared to a negative CNY 425,765,300 in the same period last year[7]. - The net cash flow from operating activities for the first three quarters of 2023 was a negative CNY 280,533,108.71, an improvement from a negative CNY 425,765,305.95 in the same period of 2022[26]. - The company recorded a total cash inflow from operating activities of CNY 1,325,619,454.47 for the first three quarters of 2023, down from CNY 1,619,593,164.61 in the same period of 2022[26]. - Cash inflow from financing activities reached ¥1,591,081,368.00, while cash outflow totaled ¥1,564,446,332.79, resulting in a net cash flow of ¥26,635,035.21[27]. - The net increase in cash and cash equivalents for the period was -¥262,464,235.70, leading to an ending balance of ¥221,926,474.87[27]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 18,356[14]. - The largest shareholder, China Electronics Corporation, holds 115,246,277 shares, representing 41.75% of total shares[14]. Operational Insights - The decline in operating revenue was primarily due to a decrease in business order volume during the reporting period, with a change of -43.95%[12]. - The company has not disclosed any new product developments or market expansion strategies in the current report[1]. - The financial statements for Q3 2023 have not been audited[5]. Current Assets and Expenses - As of September 30, 2023, total current assets amount to ¥5,051,662,069.69, a slight decrease from ¥5,094,990,289.06 at the end of 2022[17]. - Cash and cash equivalents decreased to ¥225,357,233.97 from ¥490,832,315.97, indicating a decline of approximately 54%[17]. - Accounts receivable increased to ¥1,999,088,184.40 from ¥1,782,414,903.10, reflecting a growth of about 12.2%[17]. - Inventory increased to ¥1,861,684,832.51 from ¥1,659,702,375.50, showing an increase of approximately 12.1%[17]. - Research and development expenses for the third quarter of 2023 were CNY 6,459,938.57, significantly lower than CNY 16,696,044.68 in the same quarter of 2022, indicating a reduction of 61.3%[22]. - Sales expenses for the third quarter of 2023 were CNY 77,186,731.69, a decrease of 15.5% from CNY 91,384,297.90 in the same quarter of 2022[22]. Borrowings - Short-term borrowings increased to ¥1,188,454,144.53 from ¥1,064,097,665.36, indicating an increase of approximately 11.7%[18]. - Long-term borrowings decreased to ¥663,348,388.83 from ¥777,722,368.46, reflecting a decline of about 14.7%[18]. - The company received ¥1,574,928,040.00 in cash from borrowings during the financing activities[27]. - The company paid ¥1,486,171,508.53 in cash for debt repayment during the financing activities[27]. Accounting Standards - The company did not apply the new accounting standards starting from 2023[27].