IECHO(SH:688092)2023-10-30 16:00Financial Performance - The company's revenue for Q3 2023 reached ¥92,096,061.25, representing a year-over-year increase of 12.10%[3] - Net profit attributable to shareholders was ¥21,543,719.73, reflecting a growth of 3.24% compared to the same period last year[3] - The net profit excluding non-recurring gains and losses was ¥20,085,401.36, up by 2.52% year-over-year[3] - Net profit for the third quarter of 2023 was ¥52,204,400.16, compared to ¥41,220,677.37 in the same quarter of 2022, representing a year-over-year increase of 26.5%[21] - Total operating revenue for the first three quarters of 2023 reached ¥257,741,015.74, an increase of 21.3% compared to ¥212,408,048.46 in the same period of 2022[20] - Total operating costs for the first three quarters of 2023 were ¥204,989,276.42, up from ¥176,497,699.09 in 2022, reflecting a growth of 16.2%[20] - The company reported a significant increase in other income for the first three quarters of 2023, totaling ¥7,801,417.66, compared to ¥4,571,861.86 in 2022, reflecting a growth of 70.0%[21] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥690,394,493.40, an increase of 10.41% from the end of the previous year[4] - The company's total assets reached ¥690,394,493.40 as of the end of the third quarter of 2023, compared to ¥625,297,487.05 at the end of the same period in 2022, marking an increase of 10.4%[17] - The company's current assets totaled CNY 541,943,841.70, compared to CNY 476,536,241.04 in the previous year, indicating an increase of about 13.7%[15] - The company's inventory as of September 30, 2023, was CNY 122,981,200.87, up from CNY 102,869,661.25, representing a growth of approximately 19.5%[15] - The total liabilities of the company reached CNY 114,961,960.61, compared to CNY 89,484,488.66 in the previous year, marking an increase of around 28.5%[16] - The company's total equity attributable to shareholders of the parent company increased to ¥575,432,532.79 in the third quarter of 2023, up from ¥535,812,998.39 in the same quarter of 2022, an increase of 7.4%[17] - The company's total liabilities and equity reached ¥690,394,493.40, indicating a solid financial position for future expansions and investments[17] Cash Flow - The company reported a significant increase in cash flow from operating activities, with a net amount of ¥32,712,827.61, up by 399.83% year-to-date[3] - The net cash flow from operating activities for the first three quarters of 2023 was ¥32,712,827.61, significantly higher than ¥6,544,807.84 in the same period of 2022[24] - The net cash flow from investment activities was -$11.64 million, compared to $11.69 million in the previous period[25] - Total cash inflow from financing activities was $20.02 million, with cash outflow amounting to $15.44 million, resulting in a net cash flow of -$15.44 million[25] - The net increase in cash and cash equivalents for the quarter was $10.66 million, up from $8.53 million in the previous quarter[25] - The ending balance of cash and cash equivalents was $266.79 million, compared to $223.02 million at the end of the previous quarter[25] - The company reported cash inflow from investment activities totaling $128.50 million, while cash outflow was $140.13 million[25] - The cash received from borrowings was $20 million, contributing to the financing activities cash inflow[25] - The company experienced a foreign exchange impact on cash and cash equivalents amounting to $5.03 million[25] Research and Development - R&D expenses totaled ¥5,030,316.87, down by 24.41% compared to the same period last year, accounting for 5.46% of revenue[4] - Research and development expenses for the first three quarters of 2023 totaled ¥18,633,693.00, a decrease from ¥24,001,466.93 in 2022, indicating a reduction of 22.2%[21] Earnings and Returns - Basic earnings per share for the quarter were ¥0.37, a decrease of 5.71% year-over-year[4] - Earnings per share for the third quarter of 2023 were ¥0.89, up from ¥0.70 in the same quarter of 2022[22] - The weighted average return on equity was 3.76%, a decrease of 0.20 percentage points compared to the previous year[4]