FLARIANT(SH:605566)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥217,800,139.95, a decrease of 17.23% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2023 was ¥14,454,203.22, down 20.25% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥14,176,401.80, a decline of 16.27% compared to the previous year[5] - The basic earnings per share for Q3 2023 was ¥0.11, representing a decrease of 21.43% year-on-year[6] - The diluted earnings per share for Q3 2023 was also ¥0.11, reflecting a 21.43% decline compared to the same period last year[6] - Operating profit for Q3 2023 was CNY 51,163,209.52, down 38.2% from CNY 82,698,885.27 in Q3 2022[21] - Net profit for Q3 2023 was CNY 43,021,514.25, a decline of 41.1% compared to CNY 72,905,291.10 in Q3 2022[21] - Total revenue for the first three quarters of 2023 was CNY 680,949,967.52, a decrease of 16.4% compared to CNY 815,148,077.66 in the same period of 2022[20] - The total comprehensive income for Q3 2023 was CNY 44,442,233.12, a decrease of 39.0% compared to CNY 72,875,769.28 in Q3 2022[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,691,584,543.65, an increase of 4.12% from the end of the previous year[6] - The total liabilities increased to CNY 636,213,530.04 in Q3 2023 from CNY 590,306,076.77 in Q3 2022, reflecting an increase of 7.8%[19] - The total equity attributable to shareholders rose to CNY 2,027,190,172.52 in Q3 2023, compared to CNY 1,986,336,191.24 in Q3 2022, marking an increase of 2.1%[19] - The equity attributable to shareholders at the end of the reporting period was ¥2,027,190,172.52, up 2.06% from the end of the previous year[6] Cash Flow - Operating cash flow for Q3 2023 was net positive at ¥6,780,718.49, a significant improvement from a negative cash flow of ¥-120,883,258.88 in Q3 2022[25] - Total cash inflow from operating activities was ¥510,833,015.00, down 23.8% from ¥670,658,379.25 in the same quarter last year[25] - Cash outflow from operating activities totaled ¥504,052,296.51, a decrease of 36.4% compared to ¥791,541,638.13 in Q3 2022[25] - Net cash flow from investing activities was negative at ¥-26,080,958.59, compared to a positive cash flow of ¥490,141,533.98 in Q3 2022[26] - Cash inflow from financing activities amounted to ¥244,930,000.00, down 15.5% from ¥290,066,950.00 in the previous year[26] - Net cash flow from financing activities was positive at ¥105,580,426.14, an increase from ¥50,874,508.14 in Q3 2022[26] - The ending cash and cash equivalents balance was ¥1,092,385,682.87, up from ¥972,137,547.81 at the end of Q3 2022[26] Receivables and Inventory - Accounts receivable increased to CNY 260,533,762.36 from CNY 198,836,568.39, representing a growth of approximately 31.0%[16] - Inventory decreased to CNY 396,728,824.09 from CNY 482,789,595.80, showing a decline of about 17.8%[17] - The company reported a significant increase in receivables financing, which rose to CNY 187,133,409.69 from CNY 125,379,367.82, representing a growth of about 49.2%[17] Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 24,538,100.75, down 17.1% from CNY 29,606,117.37 in the same period of 2022[20] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[15] - There are no significant changes in the shareholder structure or related party transactions reported for this quarter[14] - The weighted average return on equity was 0.71%, a decrease of 0.21 percentage points from the previous year[6] - Cash received from sales of goods and services was ¥463,376,642.48, compared to ¥649,186,704.60 in Q3 2022, reflecting a decline of 28.7%[25] - Total cash outflow for investing activities was ¥26,199,258.59, significantly lower than ¥553,117,063.28 in Q3 2022[26] - Cash received from borrowings was ¥217,000,000.00, a decrease from ¥265,566,950.00 in the same quarter last year[26] - The company experienced a significant increase in deferred income tax liabilities, which rose to CNY 19,347,697.50 in Q3 2023 from CNY 8,509,012.42 in Q3 2022, an increase of 127.5%[19]