Delinhai(SH:688069)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥46,413,660.05, a decrease of 56.43% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥13,015,058.11, reflecting a decline of 184.90% year-over-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥14,970,701.70, down 273.69% from the previous year[3]. - Basic earnings per share for Q3 2023 was -¥0.12, a decline of 192.31% year-over-year[4]. - Total revenue for the first three quarters of 2023 was ¥152,067,548.85, a decrease of 48.9% compared to ¥297,287,139.37 in the same period of 2022[29]. - Net profit for the first three quarters of 2023 was a loss of ¥18,893,373.31, compared to a profit of ¥56,400,245.83 in the same period of 2022[30]. - Basic and diluted earnings per share for the first three quarters of 2023 were both -¥0.17, down from ¥0.49 in the same period of 2022[31]. Cash Flow and Assets - The cash flow from operating activities showed a net outflow of -¥9,555,358.21, a decrease of 112.22% compared to the same period last year[3]. - Operating cash flow for the first three quarters of 2023 was a net outflow of ¥79,415,705.51, contrasting with a net inflow of ¥79,691,846.19 in 2022[34]. - Total cash outflow from operating activities in the first three quarters of 2023 was ¥250,842,319.75, down from ¥326,080,148.28 in 2022[34]. - The company's cash and cash equivalents decreased to approximately 230.04 million yuan from 529.39 million yuan year-over-year[23]. - The ending balance of cash and cash equivalents was $163.41 million, a decrease from $208.28 million year-over-year[35]. Investment and R&D - Total R&D investment for the quarter was ¥3,827,658.42, down 31.17% compared to the same period last year, while the R&D investment as a percentage of operating revenue increased to 8.25%[4]. - The overall R&D investment from the beginning of the year to the reporting period showed a slight increase of 3.46% compared to the previous year[8]. - The company plans to focus on new product development and market expansion strategies moving forward[30]. Liabilities and Debt Restructuring - The company has approved a debt restructuring plan for receivables totaling 163.54 million yuan, expecting to recover 121.03 million yuan post-restructuring, which will increase pre-tax profit by approximately 22.81 million yuan[21][22]. - The company has received a total of 80.56 million yuan from the debtors as part of the restructuring process[22]. - The total current liabilities decreased to approximately 249.38 million yuan from 298.01 million yuan year-over-year[26]. Project Developments and Contracts - The company attributed the decline in revenue to macroeconomic factors and delays in project progress related to lake and reservoir governance[8]. - The company has approximately CNY 519 million in hand orders, including CNY 190.575 million for the Xingyun Lake algae control and water quality improvement project[12]. - The company has completed the construction of its second lake health management station in Changzhou, which will be operational in November 2023, and is also developing a third station in Guangdong Province[14]. - The company's "dry mud removal technology" has been included in the Ministry of Water Resources' 2023 key promotion directory, with a demonstration unit installed in Yunnan Province capable of removing approximately 200 tons of polluted sediment daily[15][16]. - The joint venture Huzhou Nankong Ecological Environment Construction Co., Ltd. has completed multiple projects and received recognition as an "Advanced Unit in Blue Algae Control" with a new contract worth 11.8 million yuan for emergency blue algae control from 2023 to 2026[19]. Financial Summary - Total operating costs for the first three quarters of 2023 were ¥133,741,793.83, down 36.2% from ¥209,812,614.37 in 2022[29]. - Investment activities generated a net cash outflow of ¥188,341,363.21 in the first three quarters of 2023, compared to a smaller outflow of ¥15,837,038.28 in 2022[34]. - The company reported a financial income of ¥3,309,469.46 in the first three quarters of 2023, compared to ¥1,075,224.49 in 2022[29].