KDL(SH:603987)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥594,642,547.47, a decrease of 21.63% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2023 was ¥53,085,186.19, down 34.56% year-on-year[5] - The basic earnings per share for Q3 2023 was ¥0.12, reflecting a decline of 33.33% compared to the previous year[6] - The net profit attributable to shareholders for the year-to-date period was ¥186,684,581.17, down 27.05% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2023 was CNY 1,874,711,504.52, a decrease of 21.9% compared to CNY 2,398,376,799.27 in the same period of 2022[20] - Net profit for the third quarter of 2023 was CNY 223,132,444.46, a decline of 30.0% compared to CNY 319,096,416.94 in the same quarter of 2022[21] - Operating profit for the third quarter of 2023 was CNY 245,521,027.50, down 30.0% from CNY 350,893,499.18 in the same quarter of 2022[21] - Total comprehensive income for Q3 2023 was ¥229,860,547.03, compared to ¥300,403,674.42 in Q3 2022, reflecting a decline of 23%[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,098,347,254.86, a decrease of 0.94% from the end of the previous year[6] - As of September 30, 2023, the total current assets amounted to RMB 1,889,787,370.94, a decrease from RMB 1,976,171,252.97 at the end of 2022, reflecting a decline of approximately 4.4%[16] - The total liabilities as of September 30, 2023, were not explicitly stated but are critical for assessing the company's financial health[16] - Total liabilities as of the end of the third quarter of 2023 were CNY 1,427,304,780.54, a decrease from CNY 1,588,136,486.01 in the previous quarter[18] - Total equity as of the end of the third quarter of 2023 was CNY 2,671,042,474.32, an increase from CNY 2,549,160,733.84 in the previous quarter[18] Cash Flow - The company reported a cash flow from operating activities that was not applicable for the current period[6] - The net cash flow from operating activities for the first three quarters of 2023 was ¥258,249,183.51, an increase of 17% compared to ¥220,702,522.73 in the same period of 2022[23] - The net cash flow from investing activities for Q3 2023 was -¥157,552,947.45, an improvement from -¥869,516,745.65 in Q3 2022[24] - The total cash inflow from financing activities in Q3 2023 was ¥580,477,765.24, compared to ¥642,408,000.00 in Q3 2022[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,790[12] - The largest shareholder, Shanghai Kangdelai Holding Group Co., Ltd., held 129,509,010 shares, representing 29.3% of the total shares[12] Operational Changes - The company experienced a change in product business structure during the reporting period, impacting net profit[10] - The company has maintained a stable control structure with key shareholders, ensuring consistent operational decision-making[14] - The company is focused on maintaining its control and profitability through strategic agreements among its major shareholders[14] Research and Development - Research and development expenses for the third quarter of 2023 were CNY 68,069,742.66, a decrease of 28.7% compared to CNY 95,522,834.88 in the same quarter of 2022[21] - The report indicates that no significant new products or technologies were mentioned, suggesting a potential area for future development[16] Other Financial Metrics - The company's long-term equity investments increased to RMB 416,725,942.53 from RMB 400,365,367.99, showing a growth of about 4.1%[16] - Cash and cash equivalents decreased to RMB 379,021,466.26 from RMB 419,666,813.73, representing a decline of about 9.7%[16] - Accounts receivable stood at RMB 962,320,086.24, slightly down from RMB 968,259,523.22, indicating a decrease of approximately 0.6%[16] - Inventory decreased to RMB 414,699,837.31 from RMB 475,465,465.55, reflecting a decline of approximately 12.8%[16] - The company reported a significant increase in receivables financing, which rose to RMB 32,511,620.40 from RMB 6,711,225.87, marking an increase of approximately 384.5%[16] - The company reported a financial expense of CNY 20,173,734.58 in the third quarter of 2023, compared to a financial income of CNY 36,428.71 in the same quarter of 2022[21] - Deferred income tax assets decreased to CNY 8,652,822.99 from CNY 12,272,048.24 in the previous quarter[18] - The company's other comprehensive income after tax for Q3 2023 was ¥6,728,102.57, a recovery from a loss of -¥18,692,742.52 in Q3 2022[22]