长龄液压(605389) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥174,324,151.04, a decrease of 17.34% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2023 was ¥21,814,176.92, down 18.75% year-on-year[5] - The diluted earnings per share for Q3 2023 was ¥0.12, a decline of 42.86% compared to the previous year[6] - Total operating revenue for the first three quarters of 2023 was CNY 575,724,664.89, a decrease of 11.65% compared to CNY 651,908,085.33 in the same period of 2022[21] - Net profit for the first three quarters of 2023 was CNY 78,542,515.13, a decline of 16.83% from CNY 94,469,130.48 in the same period of 2022[22] - Earnings per share for the first three quarters of 2023 were CNY 0.56, compared to CNY 0.73 in the same period of 2022[23] - Net profit for the third quarter of 2023 was CNY 67,448,663.00, down 24.7% from CNY 89,603,801.45 in the third quarter of 2022[30] - Operating profit for the first three quarters of 2023 was CNY 77,070,920.75, a decline of 25.4% from CNY 103,292,322.28 in the same period of 2022[30] - The company reported a decrease in sales expenses to CNY 9,332,420.05 for the first three quarters of 2023, down from CNY 5,779,730.82 in the same period of 2022[29] - The company’s total comprehensive income for the third quarter of 2023 was CNY 67,448,663.00, a decrease of 24.7% from CNY 89,603,801.45 in the third quarter of 2022[30] Cash Flow and Assets - The cash flow from operating activities for the year-to-date period reached ¥121,206,273.96, reflecting a significant increase of 182.37%[6] - As of September 30, 2023, the company's cash and cash equivalents amounted to ¥884,299,574.12, an increase from ¥674,376,636.40 at the end of 2022, reflecting a growth of approximately 31.1%[17] - The total assets at the end of the reporting period were ¥2,525,997,259.63, representing a year-on-year increase of 22.78%[6] - The total assets as of September 30, 2023, reached CNY 2,338,218,395.73, up from CNY 2,022,455,126.66 at the end of 2022, reflecting a growth of approximately 15.8%[28] - The total current assets decreased to CNY 1,335,518,657.94 in Q3 2023 from CNY 1,372,300,366.17 in Q3 2022, reflecting a decline of about 2.7%[27] - The company's total non-current assets increased to CNY 1,002,699,737.79 in Q3 2023 from CNY 650,154,760.49 in Q3 2022, indicating a growth of approximately 54%[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,142[11] - The top shareholder, Xia Jifa, holds 40.8% of the shares, totaling 58,800,000 shares[12] - Total equity attributable to shareholders of the parent company increased to CNY 2,085,405,625.62 from CNY 1,850,560,568.01 year-over-year[21] Liabilities and Expenses - The company's total liabilities increased to ¥1,531,541,314.92 from ¥1,395,800,973.06, marking a rise of about 9.7%[17] - The company's total liabilities as of the end of the third quarter of 2023 amounted to CNY 389,974,507.71, compared to CNY 206,726,985.27 at the end of the same period in 2022[21] - The total liabilities increased to CNY 265,178,755.52 in Q3 2023 from CNY 174,766,783.45 in Q3 2022, marking an increase of about 51.6%[28] - The company reported a financial expense of CNY -12,313,687.51 for the first three quarters of 2023, an improvement compared to CNY -15,056,438.64 in the same period of 2022[21] Sales and Market Performance - The company experienced a decline in net profit due to reduced downstream demand and increased cash expenditures on raw materials[10] - In the first nine months of 2023, a total of 148,812 excavators were sold, representing a year-on-year decline of 25.7%, with domestic sales down 43.3% to 68,075 units[14] - The company reported a decrease in sales of tensioning devices and central swivel joints due to market conditions[15] Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 23,787,308.12, slightly down from CNY 24,814,614.65 in the same period of 2022[21] - Research and development expenses for the first three quarters of 2023 were CNY 20,197,880.09, down 10.8% from CNY 22,644,108.37 in the same period of 2022[29] Future Outlook - The company has not provided specific guidance for future performance in the current report[16] - The company has not disclosed any new product or technology developments in the current report[16] - The company plans to focus on market expansion and new product development in the upcoming quarters to drive future growth[21]