GOLDENSEA(SH:603311)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥170,482,999.95, representing a decrease of 18.88% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was ¥1,940,750.73, down 94.97% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥688,257.38, a decline of 95.68% compared to the previous year[5]. - The basic earnings per share for Q3 2023 was ¥0.01, a decrease of 94.74% from the same period last year[6]. - The diluted earnings per share for Q3 2023 was also ¥0.01, reflecting a 94.74% decline year-on-year[6]. - Total operating revenue for the first three quarters of 2023 was CNY 579,236,753.43, a decrease of 2.0% compared to CNY 593,421,279.51 in the same period of 2022[20]. - Net profit for the first three quarters of 2023 was CNY 43,166,346.57, a decline of 49.6% from CNY 85,607,102.49 in the same period of 2022[21]. - The company reported a total profit of CNY 52,117,584.70 for the first three quarters of 2023, down from CNY 94,297,228.55 in the same period of 2022[21]. Earnings and Returns - The weighted average return on equity for Q3 2023 was 0.16%, a decrease of 4.12 percentage points compared to the previous year[6]. - Basic and diluted earnings per share for the third quarter of 2023 were CNY 0.18, down from CNY 0.41 in the same quarter of 2022[22]. - Other comprehensive income after tax for the third quarter of 2023 was CNY -2,712,099.59, compared to CNY 3,431,401.97 in the same quarter of 2022[22]. Assets and Liabilities - Total assets at the end of Q3 2023 amounted to ¥1,565,676,304.75, down 3.70% from the end of the previous year[6]. - The equity attributable to shareholders at the end of Q3 2023 was ¥1,235,909,274.94, showing a slight increase of 0.99% compared to the end of the previous year[6]. - The total liabilities as of September 30, 2023, were ¥329,767,029.81, down from ¥402,136,634.77, indicating a reduction of approximately 18%[17]. - The company's short-term borrowings decreased to ¥140,154,005.04 from ¥160,162,638.89, a decline of about 12.5%[17]. - The long-term borrowings decreased significantly to ¥786,177.11 from ¥1,805,670.35, a reduction of approximately 56.5%[17]. - The total non-current assets increased to ¥558,570,026.96 from ¥518,926,145.14, representing an increase of approximately 7.6%[16]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥87,293,184.51, an increase of 20.87%[6]. - In the first three quarters of 2023, the net cash flow from operating activities was ¥87,293,184.51, an increase of 20.5% compared to ¥72,220,212.61 in the same period of 2022[24]. - Total cash inflow from operating activities was ¥679,531,404.89, while cash outflow was ¥592,238,220.38, resulting in a net cash inflow[24]. - Cash received from investment activities amounted to ¥176,618,784.86, compared to ¥97,272,468.51 in the previous year, marking an increase of 81.5%[25]. - The net cash flow from investment activities was -¥171,421,066.06, worsening from -¥9,904,356.43 in the same period last year[25]. - The ending balance of cash and cash equivalents was ¥453,798,693.68, an increase from ¥265,922,743.06 at the end of the same period last year[25]. Expenses - Total operating costs for the first three quarters of 2023 were CNY 534,307,310.27, slightly down from CNY 534,417,963.70 in the previous year[20]. - Research and development expenses increased to CNY 14,331,372.19 in the first three quarters of 2023, compared to CNY 11,011,640.52 in the same period of 2022, reflecting a growth of 30.5%[20]. - Financial expenses for the first three quarters of 2023 were CNY 1,424,217.85, a significant improvement from a financial income of CNY 2,651,302.18 in the same period of 2022[21]. - Tax expenses for the first three quarters of 2023 were CNY 8,951,238.13, slightly up from CNY 8,690,126.06 in the same period of 2022[21]. Cash Management - The company experienced a decrease in government subsidies received compared to the previous year, impacting overall profitability[10]. - The company reported a decrease in cash received from tax refunds, totaling ¥5,151,821.30, down from ¥11,844,196.98 in the previous year[24]. - Cash paid for purchasing fixed assets and other long-term assets was ¥73,039,850.92, compared to ¥40,721,403.29 in the previous year[25]. - The company received ¥1,618,784.87 in cash from investment income, a significant increase from ¥83,116.88 in the previous year[24].