Friend (SH:605050)2023-10-25 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥2,532,988,265.82, representing a decrease of 14.47% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2023 was ¥115,196,017.06, an increase of 45.93% year-over-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥102,750,856.56, up 43.26% from the previous year[3]. - Year-to-date operating revenue reached ¥6,964,767,329.57, down 7.65% compared to the same period last year[3]. - Year-to-date net profit attributable to shareholders was ¥294,147,414.53, reflecting a growth of 38.37% year-over-year[3]. - Total operating revenue for the first three quarters of 2023 was approximately ¥6.96 billion, a decrease of about 7.65% compared to ¥7.54 billion in the same period of 2022[36]. - Total operating costs for the first three quarters of 2023 were approximately ¥6.57 billion, down from ¥7.26 billion in the same period of 2022, representing a decrease of about 9.63%[36]. - Net profit for the third quarter of 2023 was approximately ¥298.51 million, an increase of about 37.96% compared to ¥216.35 million in the same period of 2022[38]. - The total profit for the third quarter of 2023 was approximately ¥401.20 million, compared to ¥288.42 million in the same period of 2022, marking an increase of about 39.05%[37]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 14,922[9]. - The largest shareholder, Cui Jianhua, holds 127,810,000 shares, representing 25.93% of the total shares[9]. Assets and Liabilities - As of September 30, 2023, total assets decreased by 2.17% to approximately ¥6.75 billion from ¥6.90 billion at the end of 2022[24]. - The company's total liabilities decreased to approximately ¥2.53 billion from ¥2.81 billion, a reduction of about 9.97%[24]. - Total liabilities decreased from 2,845,721,317.51 to 2,564,483,059.59, a reduction of approximately 9.8%[43]. - The total equity attributable to shareholders increased by 3.83% to approximately ¥4.09 billion from ¥3.94 billion[26]. - The total equity increased from 4,049,601,846.72 to 4,180,943,292.76, representing a growth of about 3.2%[43]. - The total liabilities and equity decreased from 6,895,323,164.23 to 6,745,426,352.35, a reduction of about 2.2%[43]. Cash Flow - The company's cash and cash equivalents decreased significantly to approximately ¥793.25 million from ¥1.90 billion, a decline of about 58.1%[24]. - The net cash flow from operating activities was negative at approximately -¥642.92 million[26]. - The net cash flow from operating activities for the year-to-date period was not applicable due to a significant decrease in cash received from sales compared to the previous year[30]. - Cash inflow from operating activities decreased from 8,092,926,542.82 to 7,550,353,327.83, a drop of around 6.7%[47]. - Cash outflow from operating activities increased slightly from 8,168,047,191.30 to 8,193,274,044.82, indicating a marginal rise of about 0.3%[47]. - The cash flow from investing activities showed a net outflow of approximately -¥226.79 million, compared to -¥193.82 million in the previous period[20]. - The company reported a cash inflow from the disposal of fixed assets of 623,380.00, compared to 269,000.00 in the previous year[47]. Operational Efficiency - The increase in net profit is attributed to a higher proportion of end users, improved capacity utilization, and a decrease in unit costs compared to the previous year[7]. - The company reported a significant increase in the utilization rate of production capacity compared to the same period last year, contributing to improved performance[30]. - The company experienced a notable increase in the proportion of end users compared to the previous year, which positively impacted overall sales volume[30]. Other Information - The company has not engaged in any financing or margin trading activities as of the announcement date[10]. - The company has not reported any significant mergers or acquisitions during the reporting period[39]. - The company raised approximately ¥2.06 billion in financing activities, a notable increase from ¥1.88 billion in the previous period[20]. - Research and development expenses for the third quarter of 2023 were approximately ¥1.63 million, an increase from ¥1.34 million in the same period of 2022, indicating a growth of about 21.55%[37]. - The company reported basic and diluted earnings per share of ¥0.24, a significant decrease from ¥33.33 in the previous period[26]. - Diluted earnings per share for the third quarter of 2023 was ¥0.60, up from ¥0.49 in the same period of 2022, reflecting an increase of approximately 22.45%[38]. - Minority interests decreased from 113,263,313.42 to 93,661,761.77, a decline of approximately 17.3%[43]. - The capital reserve increased from 1,979,998,635.30 to 1,984,642,972.76, reflecting a growth of about 0.2%[43].