鸿远电子(603267) - 2023 Q3 - 季度财报

Financial Performance - Revenue for Q3 2023 was CNY 349.40 million, a decrease of 36.58% compared to CNY 550.91 million in the same period last year[6] - Net profit attributable to shareholders was CNY 23.51 million, down 87.15% from CNY 182.96 million year-over-year[6] - Basic earnings per share decreased to CNY 0.10, a decline of 87.34% compared to CNY 0.79 in the previous year[6] - The company reported a year-to-date net profit decline of 63.15% due to reduced revenue and increased business-related expenses[24] - Total operating revenue for the first three quarters of 2023 was CNY 1,329,420,664.56, a decrease of 31.5% compared to CNY 1,942,780,630.50 in the same period of 2022[59] - Net profit for the third quarter of 2023 was CNY 244,367,755.97, a decline of 63.4% from CNY 668,264,026.21 in the same quarter of 2022[60] - Basic earnings per share for the third quarter of 2023 were CNY 1.07, compared to CNY 2.89 in the same quarter of 2022[60] - The company reported a total comprehensive income of CNY 259.88 million for the current period, down from CNY 662.55 million in the previous year[46] - The total comprehensive income for the third quarter of 2023 was CNY 244,439,242.34, down from CNY 669,225,151.52 in the same quarter of 2022[60] Assets and Liabilities - Total assets at the end of Q3 2023 were CNY 5.24 billion, a decrease of 1.91% from CNY 5.34 billion at the end of the previous year[21] - Total assets decreased to ¥5,241,823,238.05 from ¥5,343,804,622.29, a decline of approximately 1.9%[33] - Current liabilities decreased to ¥1,046,484,898.29 from ¥1,288,963,819.49, a reduction of about 18.8%[33] - Total liabilities decreased to ¥1,085,891,437.63 from ¥1,326,540,465.44, a decline of approximately 18.2%[33] - Owner's equity increased from CNY 4.05 billion to CNY 4.21 billion, reflecting a growth of about 4%[42] - The total equity attributable to shareholders increased by 3.75% to CNY 4.16 billion compared to CNY 4.01 billion at the end of the previous year[21] - The total assets decreased from CNY 4.92 billion to CNY 4.89 billion, a slight decline of about 1%[42] Cash Flow - Cash flow from operating activities was negative CNY 39.69 million year-to-date, compared to negative CNY 5.59 million in the same period last year[6] - Net cash flow from operating activities showed a negative value of CNY -2.75 million compared to a positive CNY 159.16 million in the previous year[44] - The net cash flow from operating activities was negative at CNY -39,694,971.65, worsening from CNY -5,591,355.60 in the previous year[63] - Cash inflow from investment activities decreased significantly from CNY 729.57 million to CNY 333.13 million, a decline of approximately 54%[44] - Cash inflow from investment activities was CNY 332,886,296.26, down 48.2% from CNY 643,493,913.89 in the same period last year[64] - The company reported a total cash outflow from investment activities of CNY 326,192,840.46, significantly lower than CNY 912,018,960.71 in the previous year[73] Inventory and Receivables - Accounts receivable increased to ¥1,582,170,217.31 from ¥1,309,785,846.56, an increase of about 20.7%[39] - Inventory increased to ¥637,731,305.49 from ¥539,573,832.76, reflecting an increase of approximately 18.2%[41] - Accounts receivable increased to CNY 1,579,806,967.70 as of September 30, 2023, from CNY 1,347,375,692.98 at the end of 2022, representing a growth of 17.2%[53] - Inventory as of September 30, 2023, was CNY 869,192,353.35, an increase of 29.3% from CNY 671,738,550.55 at the end of 2022[53] Cost Management - The decline in revenue was attributed to weak customer demand and a decrease in sales prices for core products, despite significant growth in new product categories[24] - The company plans to focus on enhancing market share and managing costs to mitigate the impact of declining revenues[24] - Total operating costs for the first three quarters of 2023 were CNY 991,380,068.47, down 11.8% from CNY 1,123,486,125.10 in 2022[59] - Research and development expenses for the first three quarters of 2023 were CNY 71,904,401.74, slightly down from CNY 75,694,718.10 in the same period of 2022[59] - Financial expenses for the first three quarters of 2023 showed a significant increase, with interest expenses at approximately ¥11.05 million compared to ¥12.39 million in the same period of 2022[76] Government Support - The company received government subsidies amounting to CNY 503,291.33 during the reporting period, contributing positively to the financial results[46]