ZPEC(SH:603637)2023-10-19 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥85,776,805.40, a decrease of 41.37% compared to the same period last year[5] - Net profit attributable to shareholders was ¥13,370,553.29, reflecting an increase of 13.51% year-over-year[5] - The net profit after deducting non-recurring gains and losses was ¥13,010,641.27, up 18.19% from the previous year[5] - Basic and diluted earnings per share were both ¥0.06, representing a 20% increase compared to the same period last year[6] - Total operating revenue for the first three quarters of 2023 was RMB 358,010,118.27, a decrease from RMB 471,204,602.90 in the same period of 2022, representing a decline of approximately 24%[20] - Total operating costs for the first three quarters of 2023 were RMB 316,823,744.22, down from RMB 415,993,535.67 in the same period of 2022, indicating a reduction of about 24%[20] - Net profit for Q3 2023 was CNY 57,088,662.45, a slight increase from CNY 57,055,235.69 in Q3 2022, reflecting a growth of 0.06%[22] - Operating profit for Q3 2023 was CNY 62,448,938.17, compared to CNY 64,384,245.46 in the same period last year, indicating a decrease of 3.01%[21] - Total revenue from operating activities for the first three quarters of 2023 was CNY 411,434,186.53, down 10.17% from CNY 458,153,007.81 in the same period of 2022[24] - Net profit for the first three quarters of 2023 was CNY 52,499,688.60, compared to CNY 56,484,532.72 in 2022, representing a decrease of 7.0%[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,333,684,558.03, down 5.48% from the beginning of the year[6] - As of September 30, 2023, total current assets amounted to RMB 1,245,719,838.54, a decrease from RMB 1,314,691,330.32 at the end of 2022, reflecting a decline of approximately 5.2%[16] - Total assets as of September 30, 2023, were RMB 1,333,684,558.03, down from RMB 1,410,942,983.38 at the end of 2022, indicating a decrease of about 5.5%[18] - Total liabilities as of September 30, 2023, were RMB 416,710,111.42, a decrease from RMB 520,028,037.12 at the end of 2022, representing a reduction of approximately 20%[18] - Total current assets as of September 30, 2023, were CNY 1,203,735,502.95, a decrease of 5.8% from CNY 1,277,144,534.66 at the end of 2022[28] - Total liabilities as of September 30, 2023, were CNY 410,641,090.60, down 20.1% from CNY 513,807,582.38 at the end of 2022[28] - Total assets as of September 30, 2023, were CNY 1,323,788,800.24, a decrease of 5.8% from CNY 1,405,484,765.52 at the end of 2022[28] Cash Flow - Cash flow from operating activities for Q3 2023 was CNY 14,834,672.91, a significant improvement from a negative cash flow of CNY -18,524,011.77 in Q3 2022[24] - Investment activities generated a net cash flow of CNY 19,272,742.01 in Q3 2023, compared to a negative cash flow of CNY -106,204,742.78 in Q3 2022, showing a recovery in investment performance[25] - The net cash flow from operating activities for the first nine months of 2023 was approximately $8.89 million, a significant improvement compared to a net outflow of $16.83 million in the same period of 2022[33] - Total cash inflow from operating activities decreased to approximately $442.71 million in 2023 from $493.40 million in 2022, reflecting a decline of about 10.3%[33] - Cash outflow from operating activities also decreased to approximately $433.82 million in 2023 from $510.23 million in 2022, a reduction of about 15%[33] - The net cash flow from investment activities improved to approximately $18.75 million in 2023, compared to a net outflow of $106.20 million in 2022[33] Expenses - Total tax expenses for Q3 2023 were CNY 5,306,275.72, down from CNY 7,342,709.77 in Q3 2022, representing a decrease of 27.86%[21] - Management expenses increased to CNY 20,094,254.32 in Q3 2023 from CNY 17,740,264.57 in Q3 2022, marking an increase of 7.65%[21] - Research and development expenses for Q3 2023 were CNY 14,711,104.75, slightly down from CNY 15,282,881.11 in Q3 2022, indicating a decrease of 3.73%[21] Other Key Metrics - The weighted average return on equity was 1.47%, an increase of 0.07 percentage points from the previous quarter[6] - The company received government subsidies amounting to ¥368,335.53 during the reporting period, closely related to its normal business operations[8] - The company's cash and cash equivalents stood at RMB 789,376,699.52 as of September 30, 2023, slightly up from RMB 787,805,419.74 at the end of 2022[16] - Accounts receivable decreased to RMB 203,790,615.32 from RMB 245,830,820.11 at the end of 2022, a decline of approximately 17%[16] - Inventory decreased significantly to RMB 389,565.14 from RMB 4,504,384.58 at the end of 2022, indicating a substantial reduction[16] - The company's retained earnings increased to RMB 395,677,743.14 as of September 30, 2023, compared to RMB 369,618,242.79 at the end of 2022, reflecting an increase of about 7%[18] - The company reported a significant reduction in employee compensation liabilities, which decreased to RMB 10,898,706.04 from RMB 15,676,994.62 at the end of 2022, a decline of approximately 30%[18] - The cash and cash equivalents at the end of Q3 2023 stood at CNY 787,570,774.67, an increase from CNY 745,919,496.07 at the end of Q3 2022[25] - Basic and diluted earnings per share for Q3 2023 remained stable at CNY 0.24, unchanged from Q3 2022[23] - The ending cash and cash equivalents balance for the third quarter of 2023 was approximately $745.59 million, a decrease from $709.38 million in the same period of 2022[34] - The company reported a total cash inflow from sales and services of approximately $405.13 million for the first nine months of 2023, down from $457.20 million in 2022[33] - The company has not indicated any new product launches or significant market expansion strategies during the conference call[35]