TANYUAN TECH(SH:603133)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 39,445,121.60, representing a year-on-year increase of 26.74%[5] - The net profit attributable to shareholders was a loss of CNY 8,426,505.76, with a year-to-date loss of CNY 31,374,055.27[5] - The basic earnings per share for the quarter was -CNY 0.04, compared to -CNY 0.15 for the same period last year[6] - Net profit for the third quarter of 2023 was reported at -¥32,550,744.11, an improvement compared to -¥35,613,817.04 in the same quarter of 2022, indicating a decrease in losses of approximately 8.5%[22] - Basic and diluted earnings per share for the third quarter of 2023 were both -¥0.15, compared to -¥0.17 in the same quarter of 2022[23] - The total comprehensive income for the third quarter of 2023 was -¥32,177,673.61, slightly improved from -¥33,227,311.01 in the same quarter of 2022[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 458,160,364.91, a decrease of 1.80% from the end of the previous year[6] - Total assets as of September 30, 2023, amounted to RMB 458,160,364.91, a slight decrease from RMB 466,547,584.18 at the end of 2022[16] - Current assets increased to RMB 155,390,021.81 from RMB 127,362,946.05 year-over-year, reflecting a growth of approximately 22%[15] - Total liabilities increased to RMB 213,617,041.37 from RMB 189,826,587.03, reflecting an increase of about 12.4%[17] - The company's total equity decreased to RMB 244,543,323.54 from RMB 276,720,997.15, a decline of approximately 11.6%[17] - Non-current assets totaled RMB 302,770,343.10, down from RMB 339,184,638.13, indicating a decrease of about 10.7%[16] Cash Flow - Cash flow from operating activities showed a year-to-date net outflow of CNY 22,632,178.74[5] - Cash inflow from operating activities for the first three quarters of 2023 was ¥87,515,582.92, down from ¥114,053,900.95 in the same period of 2022, representing a decline of about 23.2%[25] - The net cash flow from operating activities was -$22.63 million, an improvement from -$45.78 million in the previous quarter[26] - Cash outflow from operating activities totaled $110.15 million, down from $159.83 million in the previous quarter[26] Inventory and Expenses - The company reported a significant increase in prepayments by 416.13%, attributed to increased procurement volumes[10] - Inventory levels rose by 31.20%, indicating an increase in stockpiling[10] - Inventory levels rose to RMB 44,433,900.86, compared to RMB 33,866,282.42, marking an increase of around 31%[15] - The company experienced a significant reduction in sales expenses, which fell to ¥4,722,504.07 in 2023 from ¥7,230,238.46 in 2022, a decrease of about 34.7%[21] - Research and development expenses for the first three quarters of 2023 were ¥6,042,420.59, a decrease from ¥8,085,175.94 in 2022, reflecting a reduction of approximately 25.3%[21] - Other income for the first three quarters of 2023 was reported at ¥2,661,872.27, down from ¥3,789,320.02 in the same period of 2022, indicating a decline of about 29.7%[21] Financing Activities - The net cash flow from financing activities increased by 388.70%, mainly due to an increase in shareholder loans[10] - The net cash flow from financing activities was $12.75 million, a significant recovery from -$4.42 million in the previous quarter[26] - Cash received from borrowings was $156 million, slightly down from $159.5 million in the previous quarter[26]