KINGCLEAN(SH:603355)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥2,136,185,920.40, a decrease of 4.11% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2023 was ¥221,056,012.41, down 34.69% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥225,270,202.03, a decrease of 30.83% compared to the same period last year[7]. - The basic earnings per share for Q3 2023 was ¥0.39, down 33.90% year-on-year[11]. - Total revenue for the first three quarters of 2023 was CNY 5,786,314,253.59, a decrease of 14.14% compared to CNY 6,737,863,945.99 in the same period of 2022[30]. - Operating profit for the third quarter was CNY 882,793,988.10, slightly down from CNY 893,822,739.84 in the previous year[31]. - Net profit attributable to shareholders for the third quarter was CNY 795,050,033.14, compared to CNY 820,484,563.08 in the same quarter of 2022, reflecting a decrease of 3.1%[31]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was ¥521,952,482.02, a decline of 39.64%[11]. - Cash inflow from operating activities for the first three quarters of 2023 was approximately $5.74 billion, down 18.5% from $7.05 billion in the same period of 2022[33]. - The company reported a net cash flow from operating activities of approximately $521.95 million for the first three quarters of 2023, down 39.6% from $864.68 million in 2022[33]. - Cash and cash equivalents at the end of Q3 2023 totaled approximately $5.33 billion, an increase from $3.87 billion at the end of Q3 2022[34]. - The company experienced a foreign exchange impact on cash and cash equivalents of approximately $148.51 million in 2023, compared to $350.76 million in 2022[34]. Assets and Liabilities - The total assets at the end of Q3 2023 were ¥11,194,476,687.35, an increase of 6.06% from the end of the previous year[11]. - As of September 30, 2023, the total current assets amounted to RMB 8,454,038,902.59, an increase from RMB 7,790,570,251.37 at the end of 2022, representing a growth of approximately 8.5%[22]. - Total liabilities increased to CNY 7,134,130,844.45 from CNY 6,749,510,276.05 year-over-year, indicating a growth of 5.7%[30]. - The total liabilities amounted to RMB 4,043,595,718.95, which is an increase from RMB 3,800,000,000.00, indicating a growth of about 6.4%[26]. - The company reported a total non-current asset value of RMB 2,740,437,784.76, down from RMB 2,764,732,649.54, indicating a decrease of about 0.9%[26]. Shareholder Information - The company has a total of 11,341 common shareholders as of the report date[19]. - The top three shareholders hold a combined 80.21% of the total shares, indicating a high concentration of ownership[19]. Research and Development - Research and development expenses for the first three quarters were CNY 368,959,705.13, an increase from CNY 344,051,821.07 in the same period last year, showing a growth of 7.0%[30]. Strategic Changes - The company strategically abandoned low-profit ODM business in 2023, which contributed to a 10% year-on-year increase in net profit attributable to shareholders after excluding financial expenses for the first three quarters[11]. - The core component business, particularly in the new energy vehicle sector, continued to grow steadily, increasing its share in the company's overall business[12]. Non-Recurring Items - The company reported a non-recurring loss of ¥4,214,189.62 for Q3 2023, primarily due to decreased sales revenue and reduced foreign exchange gains[13].