德宏股份(603701) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥147,536,664.03, representing an increase of 18.67% compared to the same period last year[5]. - The net profit attributable to shareholders for the year-to-date period was ¥14,271,822.10, reflecting a growth of 17.08% year-on-year[5]. - Net profit for Q3 2023 was CNY 18,850,790.71, up 18.5% from CNY 15,912,753.08 in Q3 2022[24]. - Operating profit for the first three quarters of 2023 was CNY 19,664,596.05, compared to CNY 18,337,517.23 in the same quarter last year, reflecting a growth of 7.2%[24]. - Total operating revenue for the first three quarters of 2023 reached CNY 440,226,756.60, a 23.3% increase from CNY 357,015,903.94 in the same period of 2022[23]. - The total comprehensive income for Q3 2023 was CNY 18,850,790.71, compared to CNY 15,912,753.08 in Q3 2022, reflecting an increase of 18.5%[25]. Earnings and Shares - The basic earnings per share for Q3 2023 was -¥0.01, while the diluted earnings per share was also -¥0.01[6]. - Basic and diluted earnings per share for Q3 2023 remained at CNY 0.05, consistent with Q3 2022[25]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,039,101,972.74, showing a 2.34% increase from the end of the previous year[6]. - The company's total liabilities increased to RMB 605,000,000.00 from RMB 580,000,000.00, reflecting a growth of approximately 4.3%[18]. - The total liabilities as of Q3 2023 amounted to CNY 259,136,090.91, an increase from CNY 251,058,714.72 in Q3 2022[24]. - The company's total equity reached CNY 779,965,881.83, up from CNY 764,315,091.12 year-over-year[24]. Cash Flow - The cash flow from operating activities for the year-to-date period was -¥53,561,976.41, indicating a significant cash outflow[6]. - Cash inflow from operating activities for the first three quarters of 2023 was CNY 222,061,216.43, down from CNY 264,128,412.32 in the same period of 2022[26]. - The net cash flow from operating activities was -$53.56 million, a decrease from $47.14 million in the previous year[27]. - Total cash outflow from operating activities amounted to $275.62 million, compared to $216.99 million in the same period last year[27]. - Cash inflow from investment activities was $204.37 million, down from $244.81 million year-over-year[27]. - The net cash flow from investment activities was $37.50 million, a significant improvement from -$75.73 million in the previous year[27]. - Cash inflow from financing activities totaled $10.31 million, compared to $12.30 million in the prior year[27]. - The net cash flow from financing activities was -$1.35 million, slightly better than -$1.71 million in the previous year[27]. - The ending balance of cash and cash equivalents was $57.75 million, down from $91.51 million at the beginning of the period[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,734[12]. - The largest shareholder, Ningbo Zhenhai Investment Co., Ltd., holds 30.14% of the shares[12]. Operational Highlights - In the first three quarters of 2023, the company achieved generator production and sales of 1,004,800 units and 1,015,800 units, representing year-on-year growth of 22.7% and 19.4% respectively[14]. - The company has not disclosed any new product developments or market expansion strategies in the current report[1]. - The company is focused on expanding its market presence and enhancing its product offerings in the automotive electronics sector[14]. Expenses - Research and development expenses for the first three quarters of 2023 were CNY 13,941,120.00, compared to CNY 12,951,609.75 in the same period of 2022, indicating a 7.7% increase[23]. - The company paid $50.88 million in employee-related cash expenses, an increase from $46.84 million year-over-year[27]. - Tax payments amounted to $19.16 million, compared to $15.93 million in the same quarter last year[27]. - The company reported a decrease in sales expenses to CNY 13,649,887.32 from CNY 12,363,968.43 in the previous year, indicating a 10.4% increase in efficiency[23].