AA Belt(SH:603580)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥46,076,009.18, a decrease of 16.22% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥1,620,473.99, an increase of 35.54% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,130,746.55, showing a significant increase of 200.13% compared to the previous year[5]. - Basic earnings per share for the current period was ¥0.0124, up 36.26% from the same period last year[6]. - Total revenue for the first three quarters of 2023 was CNY 117,429,425.27, a decrease of 17.6% compared to CNY 142,515,747.63 in the same period of 2022[19]. - Operating profit for the first three quarters of 2023 was ¥6,235,225.34, a significant recovery from a loss of ¥320,651.61 in the same period of 2022[32]. - Net profit for the third quarter of 2023 was CNY 3,123,560.82, an increase of 22.2% compared to CNY 2,552,255.97 in the same quarter of 2022[20]. - Net profit for the third quarter of 2023 was ¥5,639,245.04, compared to a net profit of ¥27,297.79 in the same quarter of 2022[33]. Assets and Liabilities - Total assets at the end of the reporting period were ¥513,102,350.63, a decrease of 3.18% from the end of the previous year[6]. - The company's total assets as of the end of Q3 2023 were CNY 513,102,350.63, a slight decrease from CNY 529,933,022.93 at the end of Q3 2022[18]. - Current liabilities totaled CNY 51,336,049.02, down 26.5% from CNY 69,753,488.08 in the previous year[17]. - The total liabilities as of September 30, 2023, were CNY 30,756,472.51, down from CNY 38,818,021.99 at the end of 2022, indicating a decrease of approximately 20.8%[28]. - The total liabilities as of the end of the third quarter of 2023 were ¥31,121,134.23, compared to ¥39,622,371.61 at the end of the previous year[32]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,001[11]. - The top two shareholders, Tu Mulian and Cai Ruimei, hold 33.75% and 33.19% of the shares, respectively[11]. - The total equity attributable to shareholders was CNY 440,920,414.20, an increase from CNY 437,130,028.95 in the previous year[18]. - The total equity increased to ¥392,093,711.54 in Q3 2023 from ¥386,454,466.50 in Q3 2022[32]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥22,819,783.58, reflecting a decrease of 6.30%[6]. - The net cash flow from operating activities for the first three quarters of 2023 was CNY 22,819,783.58, a decrease from CNY 24,353,520.17 in the same period of 2022, reflecting a decline of about 6.3%[24]. - The net cash flow from operating activities for the first three quarters of 2023 was -¥4,620,351.47, down from ¥28,746,662.87 in the same period of 2022[34]. - The cash inflow from operating activities totaled CNY 145,526,745.55 in the first three quarters of 2023, down from CNY 159,464,333.38 in the same period of 2022, a decrease of about 8.7%[24]. - The cash outflow from investing activities for the first three quarters of 2023 was CNY 35,426,269.96, compared to CNY 47,963,729.88 in the same period of 2022, indicating a reduction of approximately 26.1%[24]. - The net cash flow from financing activities for Q3 2023 was CNY -6,397,730.19, compared to CNY -6,041,030.88 in Q3 2022, reflecting a slight increase in cash outflow[25]. Research and Development - The company reported a significant increase in research and development expenses, totaling CNY 8,042,343.37 for the first three quarters of 2023, compared to CNY 6,929,057.19 in 2022, marking a rise of 16.1%[19]. - The company incurred research and development expenses of ¥3,252,906.65 in the first three quarters of 2023, an increase from ¥3,026,842.76 in the same period of 2022[31]. - The company reported a significant increase in credit impairment losses, amounting to ¥635,569.10 in Q3 2023, compared to a loss of ¥4,490,936.79 in the same quarter of 2022[32]. Future Strategy - The company plans to focus on market expansion and new product development as part of its future strategy[35].