HARSON(SH:603958)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥177,475,207.10, a decrease of 1.07% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥2,350,303.51, while the net profit excluding non-recurring gains and losses was a loss of ¥6,541,374.14[5] - Total operating revenue for the first three quarters of 2023 reached RMB 572,896,154.21, an increase of 6.2% compared to RMB 539,932,412.82 in the same period of 2022[18] - Net profit for Q3 2023 was CNY 2,276,605.95, compared to a net loss of CNY 102,830,797.91 in Q3 2022, indicating a significant turnaround[20] - The company reported a total profit of CNY 4,265,571.69 in Q3 2023, recovering from a loss of CNY 109,326,577.42 in the same quarter last year[20] - Basic and diluted earnings per share for Q3 2023 were both CNY -0.002, compared to CNY -0.465 in Q3 2022, showing improvement in earnings performance[21] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥43,047,761.83, indicating a positive cash flow situation[5] - Cash inflow from operating activities for the first three quarters of 2023 was CNY 665,539,012.79, slightly down from CNY 689,288,918.19 in the same period of 2022[22] - The net cash flow from operating activities for Q3 2023 was $43,047,761.83, a significant improvement compared to a net outflow of -$60,781,190.33 in Q3 2022[23] - The net cash flow for the period was -$45,388,257.93, compared to -$64,012,945.43 in Q3 2022, indicating a reduced cash burn[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥995,103,078.54, a decrease of 4.31% compared to the end of the previous year[6] - As of September 30, 2023, total current assets amounted to RMB 815,418,979.12, down from RMB 856,656,501.01 at the end of 2022, representing a decrease of approximately 4.8%[14] - The company's cash and cash equivalents decreased to RMB 320,139,958.43 from RMB 368,568,216.36, reflecting a decline of about 13.1%[14] - Total liabilities decreased to RMB 176,564,189.21 from RMB 226,274,446.18, a reduction of approximately 22.0%[16] - The total assets as of September 30, 2023, were RMB 995,103,078.54, down from RMB 1,039,891,981.92 at the end of 2022, representing a decrease of about 4.3%[16] - The company's equity attributable to shareholders increased slightly to RMB 812,412,000.49 from RMB 811,254,372.49, reflecting a marginal growth of approximately 0.1%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,647[10] - The largest shareholder, Zhenxing International Co., Ltd., holds 61.60% of the shares[10] Operational Efficiency - The company experienced a recovery in market demand, contributing to an increase in gross profit margin and a decrease in sales expense ratio[9] - The company is focused on cost reduction and efficiency improvement as part of its strategic initiatives[9] - Total operating costs for Q3 2023 were CNY 565,527,648.37, a decrease from CNY 627,464,702.12 in Q3 2022, representing a reduction of approximately 9.1%[19] Investment Performance - The company reported a net investment loss of CNY 5,131,566.21 in Q3 2023, compared to a gain of CNY 114,807.04 in Q3 2022, reflecting challenges in investment performance[19] - The company reported a total of RMB 1,860,012.11 in other equity instrument investments, up from RMB 360,000.00, indicating a significant increase[15] Research and Development - Research and development expenses in Q3 2023 were CNY 724,758.92, significantly lower than CNY 1,613,413.60 in Q3 2022, indicating a reduction in investment in R&D[19]