ENC(SH:603869)2023-10-27 16:00Financial Performance - The company's revenue for Q3 2023 was ¥205,161,801.78, representing a decrease of 33.08% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2023 was -¥7,666,951.83, a decline of 131.68% year-over-year[7]. - Year-to-date net profit attributable to shareholders decreased by 63.01%, totaling ¥12,223,381.63[7]. - Basic earnings per share for Q3 2023 was -¥0.02, a drop of 140.00% compared to the previous year[7]. - GNC's net profit for Q3 2023 was approximately ¥14.99 million, significantly lower than ¥35.72 million in Q3 2022, representing a decline of about 58.0%[25]. - GNC's basic earnings per share for Q3 2023 were ¥0.02, down from ¥0.07 in the same quarter of 2022, indicating a decrease of approximately 71.4%[26]. - GNC's total comprehensive income for Q3 2023 was approximately ¥14.99 million, down from ¥35.72 million in Q3 2022, reflecting a decline of about 58.0%[26]. Assets and Liabilities - Total assets as of the end of Q3 2023 amounted to ¥4,998,937,294.06, reflecting a 2.56% increase from the end of the previous year[8]. - GNC reported total liabilities of approximately ¥1,008.30 million in Q3 2023, an increase from ¥872.80 million in the same period last year, representing a growth of about 15.5%[20]. - The total owner's equity for GNC was approximately ¥3,990.64 million in Q3 2023, slightly down from ¥4,001.34 million year-over-year, indicating a decrease of about 0.3%[21]. - As of September 30, 2023, total assets amounted to RMB 4.999 billion, an increase from RMB 4.874 billion at the end of 2022[19]. - GNC's total current liabilities reached approximately ¥1,003.63 million in Q3 2023, an increase from ¥860.51 million in the same period last year, representing a growth of about 16.6%[20]. Cash Flow - The company reported a net cash flow from operating activities of ¥135,131,658.60 year-to-date[7]. - The net cash flow from operating activities for the first three quarters of 2023 was ¥135,131,658.60, a significant improvement compared to a net outflow of ¥124,783,882.25 in the same period of 2022[28]. - Total cash inflow from operating activities increased to ¥985,577,649.04 in 2023, up from ¥712,536,324.27 in 2022, representing a growth of approximately 38.3%[28]. - Cash outflow from operating activities was ¥850,445,990.44, slightly higher than ¥837,320,206.52 in the previous year, indicating a marginal increase of 1.5%[28]. - The net cash flow from investing activities was -¥94,583,988.14, compared to -¥2,634,727.31 in the same period last year, reflecting a deeper cash outflow[29]. - Cash inflow from financing activities increased to ¥131,260,369.00 in 2023, compared to ¥48,792,399.36 in 2022, marking a growth of approximately 168.5%[29]. - The net cash flow from financing activities was ¥58,434,639.08, a turnaround from a net outflow of -¥296,368,474.27 in the previous year[29]. - The ending balance of cash and cash equivalents increased to ¥1,627,118,484.75, up from ¥1,289,092,770.35 at the end of the same period last year, representing a growth of approximately 26.4%[29]. Operational Efficiency - The decline in revenue was primarily due to project delivery delays during the reporting period[12]. - The company is actively working on improving accounts receivable recovery and asset disposal to enhance cash flow[12]. - Accounts receivable decreased to RMB 843.1 million from RMB 1.214 billion, indicating improved collection efficiency[19]. - Inventory increased to RMB 186.1 million from RMB 142.6 million, reflecting potential growth in sales[19]. - Non-current assets totaled RMB 1.899 billion, up from RMB 1.675 billion, indicating investment in long-term growth[19]. - The company sold accounts receivable with a book value of RMB 199.7 million for RMB 136 million, improving cash flow[16]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 33.415 million[14]. - The largest shareholder, Xin'ao Energy Supply Chain Co., Ltd., holds 176,841,072 shares, accounting for 35.05% of total shares[14]. - The company completed the acquisition of an 8.4934% stake in Zhangwan Technology for a total investment of RMB 63 million, increasing its ownership to 19.8113%[16]. Research and Development - Research and development expenses for GNC increased to approximately ¥79.05 million in Q3 2023 from ¥76.36 million in the same quarter last year, marking an increase of about 3.5%[25].