Jiangsu Liance Electromechanical Technology (688113)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥97,634,625.05, representing a year-on-year increase of 16.43%[5] - Net profit attributable to shareholders for Q3 2023 was ¥13,915,461.91, a decrease of 20.57% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2023 reached ¥344,978,845.92, a significant increase of 34% compared to ¥257,522,802.37 in the same period of 2022[18] - Net profit for the third quarter of 2023 was ¥62,193,421.02, a decrease of 6% from ¥66,365,488.93 in the same quarter of 2022[19] - Basic earnings per share for Q3 2023 were ¥0.22, down 20.00% from the previous year[6] - Earnings per share for the third quarter of 2023 were ¥0.98, down from ¥1.03 in the same quarter of 2022[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,214,287,020.46, an increase of 7.03% from the end of the previous year[6] - As of September 30, 2023, the total assets of the company amounted to CNY 1,214,287,020.46, an increase from CNY 1,134,500,482.70 at the end of 2022[14] - The company's total equity attributable to shareholders reached ¥843,953,910.65, up from ¥775,099,178.09 in the previous year[17] - The total liabilities of the company were CNY 349,451,717.85, compared to CNY 339,658,364.54 at the end of 2022, showing a slight increase[16] Cash Flow - The cash flow from operating activities showed a significant decline of 60.69%, totaling ¥17,504,673.29 for the year-to-date[6] - Net cash flow from operating activities was 44,534,626.58 in the same quarter last year, indicating a decline of about 60.7%[24] - Total cash inflow from investment activities was 643,638,956.73 in Q3 2022, reflecting a decrease of approximately 34.3%[25] - Cash outflow for investment activities totaled 900,236,896.22 in the previous year, showing a reduction of about 53.3%[25] - Net cash flow from financing activities was -6,302,313.00 in Q3 2022, indicating a decline of approximately 133.9%[25] Research and Development - Research and development expenses for Q3 2023 amounted to ¥7,450,889.22, which is an increase of 2.83% year-on-year[6] - Research and development expenses for the first three quarters of 2023 totaled ¥25,510,776.21, an increase of 32% compared to ¥19,334,834.00 in the same period of 2022[18] - The total research and development expenses accounted for 7.63% of operating revenue, a decrease of 1.01 percentage points year-on-year[6] Market Strategy - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[14] - The company has plans for strategic acquisitions to bolster its competitive position in the market[14] Other Financial Metrics - The weighted average return on equity decreased to 1.65%, a drop of 0.73 percentage points compared to the previous year[6] - The company reported a decrease in other comprehensive income attributable to shareholders, with a net amount of -¥527,944.80 in the third quarter of 2023 compared to ¥962,753.22 in the same quarter of 2022[20] - The company experienced a decrease in profit before tax, which was ¥71,680,381.40 in the third quarter of 2023, down from ¥75,031,385.19 in the same quarter of 2022[19] - The company’s financial assets at amortized cost showed a loss of -¥910,277.66 in the third quarter of 2023, contrasting with a gain of ¥1,513,051.42 in the same quarter of 2022[19]