TC(SH:603085)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 358,094,610.12, representing a decrease of 2.20% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was CNY 5,153,126.78, down 14.98% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date was CNY 16,225,898.68, a decline of 43.31% compared to the previous year[5]. - Basic earnings per share for Q3 2023 were CNY 0.01, reflecting a 50.00% decrease from the same period last year[6]. - Total operating revenue for the first three quarters of 2023 was RMB 986,249,735.53, a decrease of 11.65% compared to RMB 1,116,288,278.28 in the same period of 2022[20]. - Total operating costs for the first three quarters of 2023 were RMB 975,015,105.96, down from RMB 1,093,790,558.85 in 2022, reflecting a reduction of 10.77%[20]. - Total revenue for Q3 2023 was 17,144,174.26, a decrease of 40% compared to 28,594,649.90 in Q3 2022[21]. - Operating profit for Q3 2023 was 6,696,441.16, down 70% from 22,607,889.07 in Q3 2022[21]. - The company reported a total profit of 6,490,503.64 for Q3 2023, down from 22,470,099.45 in Q3 2022[21]. - Total comprehensive income for Q3 2023 was 12,545,731.55, a decrease of 55% from 27,886,861.62 in Q3 2022[22]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,425,540,200.94, an increase of 1.71% from the end of the previous year[6]. - Cash and cash equivalents as of September 30, 2023, amounted to RMB 94,831,664.92, a decrease from RMB 204,115,379.62 at the end of 2022, representing a decline of 53.54%[16]. - Accounts receivable increased to RMB 424,057,246.75 as of September 30, 2023, compared to RMB 365,532,901.57 at the end of 2022, indicating a growth of 15.94%[16]. - Inventory as of September 30, 2023, was RMB 434,891,322.32, up from RMB 344,139,649.95 at the end of 2022, marking an increase of 26.41%[16]. - Total liabilities as of September 30, 2023, were RMB 1,524,718,082.10, an increase from RMB 1,471,892,660.41 at the end of 2022, representing a rise of 3.58%[17]. - Non-current assets totaled RMB 1,263,412,869.55 as of September 30, 2023, compared to RMB 1,221,061,266.83 at the end of 2022, indicating an increase of 3.48%[17]. - The company's equity attributable to shareholders as of September 30, 2023, was RMB 900,822,118.84, down from RMB 912,903,754.12 at the end of 2022, a decrease of 1.23%[18]. Cash Flow - The company reported a cash flow from operating activities net amount of CNY -17,757,486.04 for the year-to-date[6]. - Net cash flow from operating activities for the first nine months of 2023 was -17,757,486.04, compared to 115,549,501.82 in the same period last year[25]. - Cash and cash equivalents at the end of Q3 2023 were 20,334,732.65, down from 156,673,882.37 at the end of Q3 2022[27]. - Investment activities generated a net cash outflow of -108,384,631.42 in Q3 2023, compared to -148,084,507.31 in Q3 2022[27]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,490[11]. - The largest shareholder, Zhejiang Tiancheng Ke Investment Co., Ltd., held 41.2% of the shares, amounting to 163,613,606 shares[11]. Research and Development - R&D expenses increased to 75,708,513.31, up 62% from 46,651,518.39 in the same period last year[21]. - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing automation solutions[28]. Market and Future Outlook - Future outlook indicates a projected revenue growth of 20% for Q4 2023, driven by new product launches[28]. - Market expansion plans include entering two new international markets by mid-2024[28]. - The company has completed the acquisition of a local competitor for 300 million RMB to strengthen its market position[28]. - New strategies include a focus on digital transformation and smart manufacturing solutions[28]. - The company aims to increase its production capacity by 30% over the next year[28]. Customer and User Metrics - User data showed a growth of 25% in active users, totaling 500,000 by the end of Q3 2023[28]. - Customer satisfaction ratings improved to 90%, reflecting enhanced service and product quality[28].