VITI(SH:603023)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥13,230,847.33, a decrease of 27.25% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2023 was -¥230,863.48, representing a decline of 110.21% year-over-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥296,929.53, down 114.73% from the previous year[4]. - The basic earnings per share for Q3 2023 was -¥0.0004, a decrease of 110.00% compared to the same period last year[5]. - The company's total comprehensive income for Q3 2023 was -1,128,184.30 RMB, compared to 328,998.58 RMB in Q3 2022[23]. - The net profit for Q3 2023 was -1,128,184.30 RMB, compared to a net profit of 328,998.58 RMB in Q3 2022, indicating a significant decline[23]. - Operating profit for Q3 2023 was -3,565,831.74 RMB, a decrease from -521,517.72 RMB in the same period last year[23]. - The net profit for the first three quarters of 2023 was a loss of ¥879,726.98, compared to a profit of ¥4,543,348.61 in the same period of 2022[31]. - The company's revenue for the first three quarters of 2023 was ¥41,292,729.15, a decrease of 4.2% compared to ¥43,095,953.96 in the same period of 2022[30]. Assets and Liabilities - The total assets at the end of the reporting period were ¥753,841,849.87, a decrease of 6.80% from the end of the previous year[5]. - The company's total assets decreased to ¥753,841,849.87 in Q3 2023 from ¥808,832,167.95 in Q3 2022, a decline of about 6.79%[22]. - Total liabilities for Q3 2023 were ¥12,598,390.07, down from ¥44,908,724.52 in Q3 2022, reflecting a significant reduction of approximately 71.96%[21]. - The total equity attributable to shareholders decreased to ¥741,243,509.27 in Q3 2023 from ¥767,510,608.92 in Q3 2022, a decrease of about 3.42%[21]. - The company's total equity decreased to ¥743,920,495.01 from ¥772,904,212.34, a decline of 3.8%[28]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥18,024,715.76, with no applicable comparison for the current quarter[4]. - Cash flow from operating activities for the first nine months of 2023 was 18,024,715.76 RMB, a recovery from -5,996,193.44 RMB in the first nine months of 2022[24]. - The company's cash flow from operating activities for the first three quarters is not provided, but the financial expenses decreased to -¥6,652,479.12 from -¥7,584,441.41[30]. - Net cash flow from operating activities for the first three quarters of 2023 was ¥29,043,315.90, significantly up from ¥4,297,979.20 in 2022, marking a growth of over 575%[32]. - The total cash inflow from operating activities was bolstered by a significant increase in cash received from sales, which rose to ¥53,862,551.82 in 2023 from ¥35,374,952.45 in 2022, a growth of about 52%[32]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 32.653 million[13]. - The largest shareholder, Chen Zhenhua, holds 130,884,155 shares, representing 23.29% of total shares[13]. - The second largest shareholder, Lishui Jiuyou Equity Investment Fund, holds 120,445,673 shares, representing 21.43% of total shares[13]. Asset Restructuring - The company has initiated a major asset restructuring process, with stock suspension starting from July 11, 2023[15]. - The company disclosed a plan for issuing shares and cash to purchase assets and raise supporting funds on July 25, 2023[16]. - The company is currently progressing with the asset restructuring, pending necessary internal decision-making and regulatory approvals[18]. - The company has received inquiries from the Shanghai Stock Exchange regarding the restructuring plan, indicating ongoing scrutiny[17]. - The company will continue to fulfill its information disclosure obligations as the restructuring progresses[18]. Costs and Expenses - Total operating costs increased to ¥55,343,060.57 in 2023 from ¥45,890,146.46 in 2022, marking a rise of about 20.06%[22]. - Research and development expenses for the first three quarters of 2023 were ¥11,014,056.34, compared to ¥10,244,845.92 in 2022, indicating an increase of approximately 7.51%[22]. - Operating costs increased to ¥28,416,312.35 from ¥26,309,377.08, representing an increase of 8.0% year-over-year[30]. - The company's financial expenses for the first three quarters of 2023 were reported at -¥5,950,402.11, an improvement compared to -¥7,894,845.28 in 2022, showing a reduction in financial costs[22]. - The company reported an investment loss of ¥4,361,200.00 for the first three quarters of 2023, compared to a gain of ¥144,246.58 in the same period of 2022[30].