RICHEN(SH:603755)2023-10-20 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥103,135,529.49, representing a year-on-year increase of 16.86%[4] - The net profit attributable to shareholders for the same period was ¥17,785,391.61, an increase of 11.57% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥16,755,372.77, reflecting a growth of 15.68% year-on-year[4] - The basic earnings per share for Q3 2023 was ¥0.18, up by 12.50% compared to the same period last year[5] - In Q3 2023, the net profit reached CNY 41,592,622.27, a slight increase from CNY 41,481,421.81 in Q3 2022, reflecting a growth of 0.27%[19] - The total profit for the quarter was CNY 48,787,934.40, compared to CNY 48,388,134.41 in the same period last year, indicating an increase of 0.83%[19] - Operating profit for Q3 2023 was CNY 48,765,140.81, up from CNY 48,378,866.25 in Q3 2022, representing a growth of 0.80%[19] - Net profit attributable to the parent company for the first three quarters of 2023 was CNY 45,320,739.85, maintaining the same level as in 2022[14] Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date period increased by 21.08% to ¥43,118,818.27[4] - The cash flow from operating activities for the first nine months of 2023 was CNY 43,118,818.27, compared to CNY 35,611,004.35 in the same period of 2022, showing an increase of 21.00%[23] - The company reported cash inflow from operating activities of CNY 276,876,562.51 for the first nine months of 2023, compared to CNY 244,294,971.92 in the same period last year, an increase of 13.33%[23] - Cash and cash equivalents decreased to CNY 74,505,777.57 as of September 30, 2023, down 52.3% from CNY 156,157,461.43 at the end of 2022[12] - Cash and cash equivalents at the end of Q3 2023 were CNY 41,272,968.72, down from CNY 97,802,322.35 at the end of Q3 2022, a decrease of 57.85%[24] - The company’s cash flow from financing activities showed a net outflow of CNY 15,030,821.87 in Q3 2023, compared to a smaller outflow of CNY 4,489,168.39 in Q3 2022[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥961,255,966.99, marking a 4.28% increase from the end of the previous year[5] - Total assets increased to CNY 961,255,966.99 as of September 30, 2023, compared to CNY 921,840,766.28 at the end of 2022, reflecting a growth of 4.3%[14] - The total liabilities as of September 30, 2023, were CNY 247,714,151.53, an increase of 5.2% from CNY 235,257,459.70 at the end of 2022[14] - The equity attributable to shareholders increased by 3.93% to ¥713,541,815.46 compared to the previous year[5] Shareholder Information - The company reported a total of 7,818 common shareholders at the end of the reporting period[9] - The largest shareholder, Qingdao Boya Investment Holding Co., Ltd., holds 54.74% of the shares, with 16,353,200 shares pledged[9] Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 9,563,013.89, an increase of 12.3% compared to CNY 8,517,202.86 in the same period of 2022[18] Operating Costs - Total operating costs for the first three quarters of 2023 were CNY 220,990,831.12, up 14.5% from CNY 193,125,284.21 in the first three quarters of 2022[18] Financial Expenses - The company reported a financial expense of CNY 1,687,038.55 for the first three quarters of 2023, which is an increase from CNY 807,727.57 in the same period of 2022[18] Investment Activities - Investment activities resulted in a net cash outflow of CNY 109,944,183.29 in the first nine months of 2023, compared to a smaller outflow of CNY 30,420,577.08 in the same period of 2022[24] Strategic Developments - The company did not report any significant new strategies or product developments during the quarter[11]