Tiantai Xianghe(SH:603500)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥166,896,547.35, representing a year-on-year increase of 12.69%[5] - The net profit attributable to shareholders for the same period was ¥21,026,742.64, up 19.41% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥19,573,870.31, reflecting a growth of 20.69% year-on-year[5] - The basic earnings per share for Q3 2023 was ¥0.09, an increase of 28.57% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2023 reached RMB 448,258,656.73, an increase of 7.4% compared to RMB 415,231,935.02 in the same period of 2022[19] - Net profit for the first three quarters of 2023 was RMB 61,615,623.59, representing a growth of 12.5% from RMB 54,742,292.84 in the same period last year[20] - Total comprehensive income for the first three quarters of 2023 was RMB 61,497,893.32, compared to RMB 54,080,013.23 in 2022, indicating a year-on-year increase of 13.5%[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,176,236,751.98, a 1.88% increase from the end of the previous year[6] - The company's total current assets reached CNY 808,728,617.05, compared to CNY 776,424,979.61 at the end of 2022, indicating an increase of about 4.2%[15] - The company's total liabilities decreased to CNY 198,295,655.71 from CNY 214,887,178.99, a reduction of about 7.7%[17] - The equity attributable to shareholders increased to CNY 941,914,951.66 from CNY 911,231,932.75, reflecting a growth of approximately 3.4%[17] - Total assets as of September 30, 2023, amounted to ¥969,849,500.25, compared to ¥949,044,875.03 at the end of 2022, reflecting a growth of 2.0%[29] - The total liabilities as of September 30, 2023, were ¥64,170,139.90, a slight decrease from ¥65,482,922.46 at the end of 2022[29] Cash Flow - The cash flow from operating activities showed a net outflow of ¥4,807,639.77 for the year-to-date, a significant decrease of 92.66% compared to the previous year[5] - The company reported a net cash outflow from operating activities of RMB -4,807,639.77 for the first three quarters of 2023, an improvement from RMB -65,507,992.31 in 2022[24] - The cash flow from operating activities for the first three quarters of 2023 was ¥146,615,503.40, an increase of 4.9% from ¥140,913,327.27 in the same period of 2022[33] - The net cash flow from operating activities for Q3 2023 was -$24.77 million, an improvement from -$26.16 million in Q3 2022[34] - The company experienced a cash decrease of $62.86 million in Q3 2023, compared to a decrease of $46.99 million in Q3 2022[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,545[10] - The top shareholder, Tang Youqian, holds 25.75% of the company's shares, totaling 63,221,994 shares[11] Research and Development - Research and development expenses for the first three quarters of 2023 amounted to RMB 24,327,448.01, an increase of 9.8% from RMB 22,162,860.84 in the same period of 2022[20] - Research and development expenses for the first three quarters of 2023 were ¥13,221,119.13, an increase of 15.8% compared to ¥11,413,356.23 in the same period of 2022[30] Government Support - The company received government subsidies amounting to ¥1,868,692.67 during the reporting period, contributing to its financial performance[9] Operational Challenges - The cash flow from operating activities showed a slight increase in outflow, indicating ongoing operational challenges[34] - The management team remains focused on improving cash flow and operational efficiency moving forward[34] - The company is implementing new accounting standards starting in 2023, which may affect future financial reporting[34]