Well Lead(SH:603309)2023-10-17 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥325,127,409.56, a decrease of 13.14% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2023 was ¥51,837,308.16, down 6.07% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥49,291,844.53, a decrease of 4.27% compared to the previous year[2]. - Basic earnings per share for Q3 2023 were ¥0.18, down 5.26% from the same period last year[3]. - Total operating revenue for the first three quarters of 2023 was ¥977,117,684.48, a decrease of 2.9% from ¥1,004,445,736.74 in the same period of 2022[17]. - Net profit for the first three quarters of 2023 was ¥151,906,314.47, compared to ¥146,550,717.75 in the same period of 2022, representing an increase of 3.1%[19]. - Earnings per share for the third quarter of 2023 were ¥0.49, up from ¥0.47 in the same quarter of 2022[19]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥110,278,463.08, reflecting a significant decline of 57.92%[6]. - The decrease in net cash flow from operating activities was primarily due to a reduction in sales revenue and cash received from sales of goods[6]. - In the first three quarters of 2023, the cash inflow from operating activities was CNY 1,040,454,718.64, a decrease of 10.1% compared to CNY 1,157,197,010.56 in the same period of 2022[20]. - The net cash flow from operating activities for Q3 2023 was CNY 110,278,463.08, down 57.9% from CNY 262,058,709.96 in Q3 2022[21]. - The cash inflow from investment activities in Q3 2023 was CNY 1,077,613,791.82, an increase of 21.9% compared to CNY 884,261,476.40 in Q3 2022[21]. - The net cash flow from investment activities for Q3 2023 was -CNY 151,446,731.22, an improvement from -CNY 575,132,565.49 in Q3 2022[21]. - The cash outflow from financing activities in Q3 2023 totaled CNY 243,573,078.77, compared to CNY 222,211,056.13 in Q3 2022, indicating a slight increase[21]. - The net cash flow from financing activities for Q3 2023 was -CNY 66,567,170.30, worsening from -CNY 57,580,448.99 in Q3 2022[21]. - The total cash and cash equivalents at the end of Q3 2023 were CNY 285,802,851.92, compared to CNY 237,454,061.16 at the end of Q3 2022, showing an increase[21]. - The company received CNY 1,069,237,663.50 from investment recoveries in Q3 2023, significantly higher than CNY 878,000,000.00 in Q3 2022[21]. - The cash paid for the purchase of fixed assets and intangible assets in Q3 2023 was CNY 249,560,523.04, up from CNY 112,043,298.87 in Q3 2022[21]. - The company reported a total cash outflow of CNY 105,633,899.67 for Q3 2023, an improvement from CNY 367,118,592.51 in Q3 2022[21]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,368,390,464.74, a slight decrease of 0.64% from the end of the previous year[3]. - The equity attributable to shareholders at the end of the reporting period was ¥1,768,109,580.81, an increase of 2.57% year-on-year[3]. - The company's current assets totaled RMB 839,079,283.36, down from RMB 994,114,382.02 at the end of 2022, indicating a decrease of approximately 15.6%[12]. - Total liabilities decreased to ¥589,350,817.30 in Q3 2023 from ¥643,851,468.73 in Q3 2022, a reduction of 8.5%[18]. - The company’s total non-current liabilities increased to ¥252,326,507.32 in Q3 2023 from ¥166,471,809.18 in Q3 2022, an increase of 51.5%[18]. - Accounts receivable increased to RMB 139,977,858.86 from RMB 93,421,885.88, showing a growth of approximately 49.8%[11]. - Inventory decreased to RMB 151,843,292.14 from RMB 163,034,515.86, reflecting a reduction of about 6.9%[12]. - Short-term borrowings decreased to RMB 90,071,250.01 from RMB 115,819,533.87, a reduction of about 22.3%[12]. - Accounts payable decreased to RMB 96,948,031.50 from RMB 160,991,770.59, reflecting a decline of approximately 39.7%[12]. - The company reported a total of 10,799,456.89 in other current assets, down from 13,128,118.23, indicating a decrease of about 17.7%[12]. Research and Development - Research and development expenses increased to ¥62,745,219.53 in the first three quarters of 2023, compared to ¥52,910,456.51 in the same period of 2022, marking a rise of 18.6%[17]. - The company has not disclosed any significant new product developments or market expansion strategies in this quarter[10].