R&Y(SH:603286)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥226,573,238.01, representing a year-on-year increase of 13.32%[5] - The net profit attributable to shareholders for the same period was ¥1,496,898.88, while the net profit for the year-to-date period reached ¥6,100,631.89[5] - The basic earnings per share for Q3 2023 was ¥0.02, consistent with the diluted earnings per share[6] - The net profit for Q3 2023 reached CNY 8,597,121.42, a significant recovery from a net loss of CNY 167,238.76 in the same period last year[23] - Operating profit for Q3 2023 was CNY 6,183,327.48, compared to a loss of CNY 97,004.08 in Q3 2022[23] - Total revenue from operating activities for the first nine months of 2023 was CNY 559,366,455.37, up from CNY 424,183,038.10 in the same period of 2022[26] - The company reported a total comprehensive income of CNY 9,178,247.06 for Q3 2023, compared to a loss of CNY 167,238.76 in Q3 2022[24] - Basic and diluted earnings per share for Q3 2023 were both CNY 0.07, recovering from a loss of CNY 0.04 per share in the same quarter last year[24] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,657,792,626.15, reflecting a 41.46% increase compared to the end of the previous year[6] - The company's total assets as of September 30, 2023, amounted to RMB 1,657,792,626.15, compared to RMB 1,171,889,404.59 at the end of the previous year, reflecting a growth of 41.49%[18] - The total liabilities increased to RMB 777,930,374.11 as of September 30, 2023, from RMB 691,404,928.34 at the end of the previous year, marking an increase of 12.52%[19] - The company's cash and cash equivalents stood at RMB 528,783,569.35, a significant increase from RMB 99,432,505.34 in the previous period, showing a growth of 431.73%[17] - The company's equity attributable to shareholders reached RMB 855,648,077.87, up from RMB 458,766,791.61 in the previous year, representing an increase of 86.38%[19] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥18,327,557.67[6] - The cash flow from operating activities showed a net inflow of CNY 18,327,557.67, a turnaround from a net outflow of CNY 36,925,586.09 in the previous year[26] - Financing activities generated a net cash inflow of CNY 520,795,466.50 in Q3 2023, compared to CNY 109,251,156.76 in Q3 2022[27] - The company’s investment activities resulted in a net cash outflow of CNY 106,508,222.44 for the first nine months of 2023, compared to a net outflow of CNY 99,782,235.64 in the same period of 2022[27] Market and Growth Strategy - The company plans to continue expanding its market presence and investing in new product development[10] - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2025[28] - New product launches are expected to contribute an additional 200 million RMB in revenue for Q4 2023[28] - Jiangsu RY Electronics is exploring potential acquisitions to enhance its product portfolio and market reach[28] Research and Development - Research and development expenses increased by 10% to 100 million RMB, focusing on innovative technologies[28] Sustainability - The company emphasized a commitment to sustainability, aiming for a 20% reduction in carbon emissions by 2025[28]