CWB(SH:605005)2023-10-26 16:00Financial Performance - The company's revenue for Q3 2023 reached ¥436,627,106.42, representing a year-over-year increase of 15.56%[5] - Net profit attributable to shareholders for Q3 2023 was ¥67,781,445.98, up 39.45% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥66,064,177.17, an increase of 47.22% year-over-year[5] - Basic earnings per share for Q3 2023 were ¥0.17, a rise of 41.67% compared to the same quarter last year[6] - The net profit attributable to shareholders for the year-to-date period was ¥159,139,899.00, reflecting a 31.51% increase compared to the same period last year[5] - Net profit for Q3 2023 was ¥159,139,899.00, representing a 31.57% increase from ¥121,012,112.14 in Q3 2022[23] - Basic and diluted earnings per share for Q3 2023 were both ¥0.40, compared to ¥0.30 in Q3 2022, reflecting a 33.33% increase[24] - The company reported a total comprehensive income of ¥161,077,043.88 for Q3 2023, compared to ¥121,657,150.07 in Q3 2022, indicating a strong performance[24] Cash Flow and Liquidity - The operating cash flow net amount for the year-to-date period reached ¥257,312,183.52, reflecting a significant increase of 147.10%[6] - The net cash flow from operating activities for Q3 2023 was $257.31 million, a significant increase from $104.13 million in Q3 2022, representing a growth of approximately 147%[26] - Total cash outflow from operating activities decreased to $942.16 million in Q3 2023 from $1.04 billion in Q3 2022[26] - Cash inflow from investment activities was $408.48 million, down from $562.08 million in the same quarter last year, indicating a decline of about 27%[26] - The net cash flow from investment activities was -$235.82 million in Q3 2023, compared to -$157.59 million in Q3 2022, reflecting a worsening position[26] - Cash inflow from financing activities totaled $110 million, an increase from $53.92 million in Q3 2022[26] - The net cash flow from financing activities was -$20.57 million in Q3 2023, slightly improved from -$23.39 million in Q3 2022[26] - The ending cash and cash equivalents balance for Q3 2023 was $163.59 million, up from $77.22 million at the end of Q3 2022[26] - The company reported a cash increase of $1.23 million in Q3 2023, contrasting with a decrease of $74.41 million in Q3 2022[26] Assets and Liabilities - Total assets at the end of Q3 2023 amounted to ¥2,151,632,723.69, marking an 8.32% increase from the end of the previous year[6] - As of September 30, 2023, total assets amounted to ¥2,151,632,723.69, an increase from ¥1,986,307,179.50 at the end of 2022, reflecting a growth of approximately 8.3%[18] - Current assets totaled ¥1,175,043,646.94, compared to ¥1,161,639,340.93 at the end of 2022, indicating a slight increase of about 1.1%[17] - The company's cash and cash equivalents stood at ¥163,591,312.03, showing a marginal increase from ¥162,359,023.27 in the previous year[17] - Accounts receivable rose to ¥419,405,622.24, up from ¥391,393,822.48, representing an increase of approximately 7.1%[17] - Inventory decreased to ¥489,115,984.55 from ¥535,742,391.26, marking a decline of about 8.7%[17] - Total liabilities as of Q3 2023 amounted to ¥460,249,542.08, compared to ¥384,640,949.05 in Q3 2022, showing an increase of 19.66%[22] - Total current liabilities reached ¥346,550,499.98, compared to ¥317,508,331.58 at the end of 2022, an increase of about 9.1%[18] - Non-current assets totaled ¥976,589,076.75, up from ¥824,667,838.57, indicating a growth of approximately 18.4%[18] - The company reported a significant increase in long-term borrowings to ¥54,623,634.53 from ¥5,530,531.26, reflecting a rise of approximately 887.5%[18] Operating Performance - Total operating revenue for the first three quarters of 2023 reached ¥1,164,580,836.49, an increase of 13.94% compared to ¥1,021,963,374.67 in the same period of 2022[21] - Total operating costs for the first three quarters of 2023 were ¥969,890,453.82, up 8.53% from ¥893,706,681.80 in the first three quarters of 2022[21] - The company experienced a significant increase in net profit due to the rise in operating revenue, which was attributed to the termination of the equity incentive plan and the accelerated recognition of related expenses[10] Research and Development - Research and development expenses for Q3 2023 totaled ¥65,791,563.61, up from ¥58,301,234.08 in Q3 2022, indicating a focus on innovation[22] Equity - The company reported a total equity attributable to shareholders of ¥1,691,383,181.61, which is a 5.60% increase from the previous year-end[6] - Total equity attributable to shareholders reached ¥1,691,383,181.61 in Q3 2023, up from ¥1,601,666,230.45 in Q3 2022, marking a growth of 5.59%[22] Tax and Accounting - Deferred income tax liabilities increased to ¥32,637,295.40 in Q3 2023 from ¥27,611,693.08 in Q3 2022, reflecting changes in tax obligations[22] - The company did not apply new accounting standards for the first time in 2023[27]