XTL(SH:603022)2023-10-27 16:00Financial Performance - Q3 2023 revenue was CNY 221,912,831.68, a decrease of 4.05% year-on-year, while year-to-date revenue reached CNY 634,912,663.64, an increase of 16.12%[2] - Net profit attributable to shareholders for Q3 2023 was CNY 12,342,088.49, down 31.49% year-on-year, with year-to-date net profit at CNY 31,763,402.25, up 7.29%[2] - Basic earnings per share for Q3 2023 was CNY 0.06, a decrease of 31.43% compared to the same period last year, while year-to-date basic earnings per share was CNY 0.16, an increase of 5.88%[3] - Operating profit for Q3 2023 was ¥39,936,815.71, compared to ¥38,531,359.00 in Q3 2022, reflecting a growth of 3.65%[19] - The company reported a decrease in other comprehensive income, with a net amount of -¥1,900,293.49 in Q3 2023 compared to ¥1,076,010.96 in Q3 2022[20] Assets and Liabilities - Total assets as of the end of the reporting period were CNY 1,036,672,566.69, an increase of 3.66% from the end of the previous year[3] - The company's current assets reached CNY 566,670,457.98, up from CNY 527,043,692.09, indicating an increase of about 7.53%[13] - Total liabilities amounted to CNY 273,094,680.60, up from CNY 268,398,353.20, reflecting an increase of about 1.03%[14] - The company's equity remained stable at CNY 763,577,886.09, unchanged from the previous reporting period[14] - The company's total equity attributable to shareholders reached ¥759,576,335.50, up from ¥727,425,160.81 in the previous year[19] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 52,014,159.40, reflecting a significant increase of 174.59%[2] - The net cash flow from operating activities for the first three quarters of 2023 was ¥52,014,159.40, significantly higher than ¥18,942,364.47 in the same period of 2022[22] - The total cash inflow from operating activities for the first three quarters of 2023 was ¥696,756,004.91, an increase from ¥603,645,856.98 in the same period of 2022[22] - In Q3 2023, the company reported a net cash increase of ¥37,018,948.09, compared to a decrease of ¥8,424,578.61 in Q3 2022[23] - Cash outflow from financing activities totaled ¥72,434,432.74, compared to ¥61,497,187.07 in the previous year, resulting in a net cash flow from financing activities of -¥42,434,432.74[23] Investments and Expenses - Research and development expenses increased by 17.35% year-to-date, indicating a focus on innovation and product development[7] - Research and development expenses for the first three quarters of 2023 totaled ¥17,390,907.24, an increase of 17.06% from ¥14,820,045.34 in the same period of 2022[18] - The company reported a decrease in investment income by 79.51% year-to-date, attributed to a reduction in financial management income[7] - The company invested ¥18,135,711.84 in fixed assets and intangible assets during Q3 2023, compared to ¥36,811,813.31 in Q3 2022[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,066[9] - The largest shareholder, Cao Wenjie, holds 42.09% of the shares, with 7,330,000 shares pledged[9] Other Financial Metrics - The company experienced a 142.58% increase in receivables financing year-to-date, primarily due to an increase in bank acceptance bills received[6] - The company’s non-current assets totaled CNY 470,002,108.71, slightly down from CNY 473,024,867.09, indicating a decrease of about 0.63%[13] - Accounts receivable decreased slightly to CNY 250,113,921.31 from CNY 251,924,569.02, a decline of about 0.72%[12] - Inventory increased to CNY 117,621,040.67 from CNY 111,679,181.42, marking a rise of approximately 5.25%[13] - The company reported a decrease in other receivables, which fell to CNY 5,095,023.94 from CNY 4,619,675.97, a decline of approximately 10.28%[12] - The company secured ¥30,000,000.00 in borrowings during Q3 2023, consistent with the previous year[23] Management Focus - The management team is focused on enhancing cash flow management and optimizing investment strategies moving forward[23] - The company has not adopted new accounting standards for the current year, maintaining consistency in financial reporting[23]