GEM-YEAR(SH:601002)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥693,408,851.23, representing a year-over-year increase of 5.89%[6] - The net profit attributable to shareholders for Q3 2023 was -¥15,426,674.20, a decrease of 301.87% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was -¥16,288,387.37, a decline of 621.40% year-over-year[6] - The basic earnings per share for Q3 2023 was -¥0.016, down 303.75% from the previous year[7] - Net profit for the third quarter of 2023 was CNY 764,728.24, a significant decline from CNY 108,395,914.32 in the same quarter of 2022[21] - The net profit attributable to the parent company for Q3 2023 was -258,530.34 RMB, compared to a profit of 108,273,605.55 RMB in the same period last year[22] - The total comprehensive income attributable to the parent company was -656,169.69 RMB, while the total comprehensive income attributable to minority shareholders was 1,023,258.58 RMB[22] - The basic and diluted earnings per share for Q3 2023 were both -0.0003 RMB, compared to 0.113 RMB in the same period last year[22] Assets and Liabilities - The total assets at the end of Q3 2023 were ¥5,121,495,664.67, a decrease of 2.72% from the end of the previous year[7] - The total assets as of September 30, 2023, amounted to CNY 5,264,521,421.02, compared to CNY 5,121,495,664.67 at the end of 2022[18] - Current assets totaled CNY 2,841,881,595.77 as of September 30, 2023, a slight decrease from CNY 2,932,368,103.91 at the end of 2022[17] - Total liabilities as of September 30, 2023, were CNY 983,623,091.04, compared to CNY 935,354,773.26 at the end of 2022[18] - The company’s total equity decreased from CNY 4,280,898,329.98 at the end of 2022 to CNY 4,186,140,891.41 by September 30, 2023[18] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥208,025,932.25[7] - Cash flow from operating activities for the first nine months of 2023 was 208,025,932.25 RMB, a significant improvement from -333,635,287.04 RMB in the same period last year[25] - The company reported a decrease in cash received from sales of goods and services, totaling 1,329,367,564.21 RMB for the first nine months of 2023, compared to 1,662,578,638.74 RMB in the same period last year[25] - The company’s cash outflow from operating activities was 1,173,587,455.17 RMB, down from 2,122,634,091.62 RMB in the same period last year[25] - The cash and cash equivalents at the end of Q3 2023 amounted to 196,429,594.25 RMB, up from 144,632,862.55 RMB at the end of the previous year[26] - The company’s cash and cash equivalents decreased from CNY 196,429,594.25 at the end of 2022 to CNY 114,645,965.13 by September 30, 2023[16] Shareholder Information - The company reported a total of 53,809 common shareholders at the end of the reporting period[11] - The largest shareholder, CHINCHAMP ENTERPRISE CO., LTD., held 372,064,367 shares, accounting for 38.89% of the total shares[12] Market Conditions - The company experienced a decline in market demand and increased competition, leading to a decrease in sales volume and price, which affected the gross profit margin of main products[10] Operating Costs and Expenses - Total operating revenue for the first three quarters of 2023 was CNY 1,679,502,098.84, a decrease of 18.4% compared to CNY 2,057,699,747.61 in the same period of 2022[20] - Total operating costs for the first three quarters of 2023 were CNY 1,650,869,198.00, down 13.5% from CNY 1,908,557,807.74 in 2022[20] - The company reported a decrease in research and development expenses to CNY 81,012,251.12 in Q3 2023 from CNY 92,154,562.87 in Q3 2022[21] Investment Activities - Cash inflow from investment activities for the first nine months of 2023 was 842,035,487.48 RMB, down from 1,844,892,825.59 RMB in the same period last year[26] - The net cash flow from investment activities was 29,931,489.73 RMB, compared to -58,264,170.40 RMB in the same period last year[26] - The net cash flow from financing activities was -157,233,079.42 RMB, a decrease from 228,855,522.00 RMB in the same period last year[26]