GONGJIN(SH:603118)2023-10-29 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥2,305,077,394.07, a decrease of 19.85% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2023 was -¥22,409,331.92, representing a decline of 114.03% year-on-year[3]. - The basic earnings per share for Q3 2023 was -¥0.03, a decrease of 115.00% compared to the previous year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was -¥30,097,850.93, a decrease of 123.09% year-on-year[7]. - The company reported a decrease in government subsidies received, impacting net profit and gross profit margin[7]. - The net profit attributable to shareholders decreased significantly both year-on-year and quarter-on-quarter, primarily due to a drop in domestic order demand and a reduction in gross margin, which was 10.68%, down 2.10 percentage points year-on-year[11][12]. - Total operating revenue for the first three quarters of 2023 was CNY 6,660,420,001.35, a decrease of 17.4% compared to CNY 8,071,354,423.56 in the same period of 2022[18]. - Net profit for the first three quarters of 2023 was CNY 169,319,820.14, a decline of 51.7% from CNY 350,312,976.16 in the same period of 2022[20]. - The company's total comprehensive income for the third quarter of 2023 was CNY 169,397,360.58, down 53.4% from CNY 363,821,122.38 in the same period of 2022[20]. - The company's total profit for the first three quarters of 2023 was approximately ¥130.28 million, down 55.8% from ¥295.20 million in the same period of 2022[29]. Assets and Liabilities - The total assets at the end of the reporting period were ¥10,658,591,015.82, an increase of 1.18% from the end of the previous year[4]. - Total assets as of September 30, 2023, were CNY 10.66 billion, an increase from CNY 10.53 billion at the end of 2022[17]. - The company's total liabilities were CNY 5.39 billion, slightly up from CNY 5.38 billion at the end of 2022[17]. - The company's long-term borrowings increased to CNY 333.21 million from CNY 27.25 million at the end of 2022[17]. - The total liabilities increased to 4,063,009,847.39 RMB from 3,532,049,698.00 RMB, marking an increase of about 15.0%[27]. - The company's total equity rose to 4,823,799,746.04 RMB, compared to 4,751,078,119.47 RMB, showing an increase of approximately 1.5%[27]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥338,442,152.54, an increase of 143.74% compared to the same period last year[3]. - Cash flow from operating activities for the first three quarters of 2023 was CNY 338,442,152.54, an increase of 143.6% from CNY 138,851,398.27 in the previous year[22]. - The cash inflow from financing activities was 4,053,288,408.32 RMB, compared to 3,992,896,867.46 RMB, indicating a growth of about 1.5%[23]. - The cash outflow from financing activities totaled 3,180,774,760.31 RMB, slightly up from 3,066,298,558.24 RMB, reflecting an increase of approximately 3.7%[23]. - The cash flow from operating activities for the first three quarters of 2023 was negative at approximately -¥901.11 million, compared to a positive cash flow of ¥419.47 million in the same period of 2022[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 56,481[9]. - The top shareholder, Tang Fonan, held 20.74% of the shares, totaling 164,083,224 shares[9]. Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 266,885,468.69, down 15.0% from CNY 313,962,087.21 in the same period of 2022[18]. - The company's research and development expenses for the first three quarters of 2023 were approximately ¥177.85 million, a decrease of 12.8% from ¥203.87 million in the same period of 2022[29]. Other Financial Metrics - Financial expenses increased by CNY 92.5 million year-on-year, mainly due to a decrease in exchange gains, which fell by CNY 92.71 million compared to the same period last year[12]. - The company reported a significant increase in other receivables, which rose to 2,227,190,555.10 RMB from 60,309,375.22 RMB, a staggering increase of approximately 3,590.5%[26]. - The inventory level was reported at 706,613,843.03 RMB, a slight increase from 688,165,275.22 RMB, representing a growth of about 2.0%[26]. - The company experienced a credit impairment loss of approximately ¥16.46 million in the first three quarters of 2023, compared to a gain of approximately ¥7.58 million in the same period of 2022[29]. - The company reported a decrease in investment income, with a loss of CNY 770,060.84 compared to a gain of CNY 4,916,833.82 in the same period of 2022[20].