Yuejian Intelligent(SH:603095)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥136,741,659.12, a decrease of 52.86% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2023 was ¥19,147,697.87, down 93.83% year-over-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥13,741,909.58, a decline of 69.12% compared to the previous year[5] - The basic earnings per share for Q3 2023 was ¥0.10, a decrease of 94.05% from the same period last year[6] - The diluted earnings per share for Q3 2023 was also ¥0.10, reflecting the same percentage decrease of 94.05%[6] - Total operating revenue for Q3 2023 was ¥557.33 million, a decrease from ¥1,055.74 million in Q3 2022, representing a decline of approximately 47.3%[22] - Net profit for Q3 2023 was ¥67.65 million, compared to ¥431.41 million in Q3 2022, indicating a significant decrease of approximately 84.3%[23] - Basic and diluted earnings per share for Q3 2023 were both ¥0.37, down from ¥2.33 in Q3 2022[24] - The company reported a total comprehensive income of ¥54.60 million for Q3 2023, down from ¥401.20 million in Q3 2022[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,053,900,094.72, a decrease of 4.86% from the end of the previous year[6] - As of September 30, 2023, total assets amounted to CNY 3,053,900,094.72, a decrease from CNY 3,209,988,891.68 at the end of 2022, reflecting a decline of approximately 4.85%[16] - Current assets totaled CNY 2,047,237,037.90, down from CNY 2,145,562,756.47, indicating a decrease of about 4.59%[16] - Total liabilities decreased to CNY 542,859,665.79 from CNY 660,163,011.53, marking a reduction of about 17.74%[18] - The equity attributable to shareholders at the end of the reporting period was ¥2,510,436,500.25, down 1.53% from the previous year[6] - The equity attributable to shareholders decreased to CNY 2,510,436,500.25 from CNY 2,549,321,948.97, a decline of approximately 1.53%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥97,425,496.35, an increase of 31.98%[6] - Cash flow from operating activities for the first three quarters of 2023 was ¥97.43 million, an increase from ¥73.82 million in the same period of 2022[26] - Cash flow from investing activities generated a net inflow of ¥51.63 million in the first three quarters of 2023, compared to a net inflow of ¥692.59 million in the same period of 2022[26] - Cash flow from financing activities resulted in a net outflow of ¥103.04 million in the first three quarters of 2023, consistent with a net outflow of ¥103.89 million in the same period of 2022[26] - The beginning cash and cash equivalents balance for Q3 2023 was $1,360,047,213.45, compared to $867,509,052.54 in the previous year[27] - The ending cash and cash equivalents balance for Q3 2023 was $1,406,565,472.07, down from $1,531,046,576.55 year-over-year[27] Market Conditions - The company experienced a significant decline in market demand, impacting both revenue and profit margins[10] Operational Metrics - The weighted average return on equity for Q3 2023 was 0.75%, a decrease of 12.01 percentage points compared to the previous year[6] - The company reported a decrease in accounts receivable from CNY 173,551,716.80 to CNY 157,978,876.72, a reduction of about 8.93%[16] - Inventory levels decreased from CNY 299,177,191.34 to CNY 251,140,972.10, reflecting a decline of approximately 16.06%[16] - Short-term borrowings decreased significantly from CNY 70,071,499.99 to CNY 40,072,305.55, a reduction of about 42.85%[17] - The company’s retained earnings decreased from CNY 1,048,492,322.93 to CNY 1,019,860,060.81, a decline of approximately 2.73%[18] - The company’s research and development expenses for Q3 2023 were ¥19.22 million, a decrease from ¥38.78 million in Q3 2022, indicating a reduction of approximately 50.5%[22] Shareholder Information - The total number of shares held by the top ten shareholders accounted for 99.99% of the total shares, indicating a high concentration of ownership[13] Accounting Changes - The company has adopted new accounting standards starting in 2023, which may affect the financial statements[27]