XCC(SH:603667)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥782,580,324.21, a decrease of 0.78% compared to the same period last year[5] - The net profit attributable to shareholders was ¥39,704,482.73, down 20.51% year-on-year[5] - The basic earnings per share for the current period was ¥0.11, reflecting a decline of 31.25%[6] - The company reported a decrease of 15.43% in net profit after deducting non-recurring gains and losses, totaling ¥35,275,956.06 for the current period[5] - Net profit for Q3 2023 was CNY 127.55 million, down from CNY 148.81 million in Q3 2022, representing a decrease of approximately 14.2%[20] - The total profit for Q3 2023 was CNY 145.80 million, down from CNY 171.24 million in Q3 2022, a decrease of approximately 14.9%[20] - Basic and diluted earnings per share for Q3 2023 were both CNY 0.37, compared to CNY 0.47 in Q3 2022, indicating a decline of about 21.3%[21] Assets and Liabilities - The total assets at the end of the reporting period reached ¥4,771,054,980.20, an increase of 8.26% from the end of the previous year[6] - The total liabilities decreased to RMB 1,809,892,434.97 from RMB 1,999,751,562.47, indicating a reduction of about 9.5%[16] - The total assets as of Q3 2023 amounted to ¥4,407,074,447.24, reflecting a stable asset base[26] - The total liabilities were reported at ¥1,756,996,665.10, indicating a consistent liability management strategy[26] - Total liabilities amounted to approximately ¥1,999.75 billion, with non-current liabilities at ¥242.75 billion[27] - Shareholders' equity totaled approximately ¥2,407.32 billion, with equity attributable to the parent company at ¥2,304.63 billion[27] - The total equity attributable to shareholders increased to RMB 2,883,468,445.26 from RMB 2,304,625,635.48, marking an increase of about 25.1%[16] Cash Flow - The cash flow from operating activities for the year-to-date was ¥173,139,204.67, showing a significant increase of 98.53%[6] - The net cash flow from operating activities for Q3 2023 was ¥173,139,204.67, an increase of 98.5% compared to ¥87,209,312.46 in Q3 2022[22] - The net cash flow from investing activities was -¥202,393,601.50, an improvement from -¥285,332,464.08 in the same period last year[22] - The net cash flow from financing activities was ¥161,125,376.67, a decrease of 16.6% compared to ¥193,356,082.10 in Q3 2022[22] - The total cash and cash equivalents increased by ¥130,715,809.87, compared to an increase of ¥8,136,969.48 in Q3 2022[22] - The company received cash from investment of ¥533,049,993.80, significantly higher than ¥1,000,000.00 in the previous year[22] - Cash outflow for investment activities totaled ¥291,112,706.30, down from ¥397,582,151.69 in Q3 2022[22] Operational Efficiency - The company's cash flow from operating activities showed a positive trend, indicating improved operational efficiency[22] - The company experienced a 302.22% increase in receivables financing year-to-date, primarily due to the endorsement of notes receivable[9] - The company reported a cash inflow from operating activities of CNY 2.63 billion for the first three quarters of 2023, compared to CNY 2.41 billion in the same period of 2022, indicating an increase of about 9.1%[21] Capital and Investments - The company’s capital reserve increased by 37.17% due to the premium from the non-public offering of shares[9] - The company completed the issuance of 40,298,507 new shares, which will dilute earnings per share in the short term[13] - The company aims to utilize the raised funds for its main business operations, enhancing production capacity and operational performance over time[13] Research and Development - Research and development expenses increased to CNY 73.55 million in Q3 2023, up from CNY 66.57 million in Q3 2022, marking a growth of approximately 10.9%[19] Market Strategy - The company’s management highlighted ongoing efforts in market expansion and new product development as key strategies for future growth[19] Other Financial Metrics - Tax expenses for Q3 2023 were CNY 18.25 million, down from CNY 22.43 million in Q3 2022, representing a decrease of approximately 18.5%[20] - Other comprehensive income after tax for Q3 2023 was CNY -2.17 million, compared to CNY 1.02 million in Q3 2022, indicating a significant decline[20] - The company is adapting to new accounting standards, which may impact future financial reporting and performance metrics[23]