Freelynet(SH:603602)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥350,190,306.10, representing a year-on-year increase of 35.18%[5] - The net profit attributable to shareholders for Q3 2023 was ¥16,533,835.63, up 79.28% compared to the same period last year[5] - The basic earnings per share for Q3 2023 was ¥0.08, reflecting a 60.00% increase year-on-year[6] - The company reported a year-to-date net profit attributable to shareholders of ¥25,347,585.10, which is a 47.23% increase compared to the same period last year[5] - The weighted average return on equity for Q3 2023 was 2.19%, an increase of 0.96 percentage points year-on-year[6] - The company experienced a 66.72% increase in net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023[10] - The net profit for Q3 2023 was CNY 27,632,952.47, a significant increase from CNY 15,319,659.97 in Q3 2022, representing an increase of approximately 80.5%[20] - The company reported a total comprehensive income of CNY 27,632,952.47 for Q3 2023, compared to CNY 15,319,659.97 in Q3 2022, indicating a year-over-year increase of approximately 80.5%[21] - The profit attributable to shareholders of CNY 25,347,585.10 in Q3 2023, compared to CNY 17,216,257.49 in Q3 2022, representing an increase of approximately 47.5%[21] Revenue and Costs - Total operating revenue for the first three quarters of 2023 reached RMB 878,728,881.77, an increase of 10.5% compared to RMB 795,319,262.65 in the same period of 2022[19] - Total operating costs for the first three quarters of 2023 were RMB 845,037,431.32, up from RMB 783,684,209.60 in the previous year, reflecting a growth of 7.8%[19] - The total operating expenses for Q3 2023 were CNY 59,000,000.00, compared to CNY 52,000,000.00 in Q3 2022, indicating an increase of approximately 13.5%[20] - The company attributed the revenue growth primarily to the increase in digital marketing services during the reporting period[10] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,597,265,727.51, a slight increase of 0.38% from the end of the previous year[6] - Cash and cash equivalents as of September 30, 2023, amounted to RMB 244,509,626.92, a decrease of 37.0% from RMB 388,447,201.11 at the end of 2022[15] - Accounts receivable decreased to RMB 309,253,341.49 from RMB 416,720,457.72, indicating a reduction of 26.0%[15] - Inventory as of September 30, 2023, was RMB 291,782,987.30, slightly up from RMB 289,993,545.78, showing a marginal increase of 0.6%[15] - Total assets as of September 30, 2023, were RMB 1,597,265,727.51, compared to RMB 1,591,214,573.00 at the end of 2022, reflecting a slight increase of 0.4%[17] - Total liabilities decreased to RMB 828,919,046.00 from RMB 841,126,757.35, a reduction of 1.4%[17] - The company's equity attributable to shareholders increased to RMB 771,519,311.13 from RMB 755,395,812.64, marking a growth of 2.1%[17] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥39,890,603.25, indicating a significant increase in operational expenditures[11] - The operating cash flow for the first three quarters of 2023 showed a net outflow of CNY -39,890,603.25, worsening from CNY -15,575,074.90 in the previous year[23] - The company experienced a net cash outflow from investing activities of CNY -139,098,899.37 in the first three quarters of 2023, compared to CNY -130,125,941.44 in the same period of 2022[24] - The cash and cash equivalents at the end of Q3 2023 were CNY 175,386,177.25, down from CNY 264,877,719.87 at the end of Q3 2022, a decrease of approximately 33.7%[24] - The company raised CNY 980,000.00 from financing activities in Q3 2023, compared to CNY 200,000.00 in Q3 2022, reflecting a significant increase of 390%[24] Strategic Focus - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[19]