Peric Special Gases (SH:688146)2023-10-31 16:00Financial Performance - Total operating revenue for the first three quarters of 2023 was CNY 1,198,970,076.75, a decrease of 17.4% compared to CNY 1,452,168,220.67 in the same period of 2022[4] - The company reported a net profit of CNY 46,336,299.99 for the third quarter of 2023, down from CNY 81,379,642.20 in the same quarter of 2022[25] - Q3 2023 revenue was ¥398,820,866.21, a decrease of 19.75% year-over-year, while year-to-date revenue reached ¥1,198,970,076.75, down 17.44% compared to the same period last year[43] - Net profit attributable to shareholders was ¥76,953,901.59, an increase of 12.83% year-over-year, but year-to-date net profit decreased by 9.26% to ¥249,035,358.05[43] - Net profit excluding non-recurring items for Q3 2023 was ¥30,617,601.60, down 44.34% year-over-year, with a year-to-date figure of ¥167,655,715.85, down 34.11%[43] - Total comprehensive income attributable to the parent company was CNY 249,035,358.05, a decrease from CNY 274,450,242.30 in the same period last year, representing a decline of approximately 9.26%[72] Operating Costs and Expenses - Total operating costs for the first three quarters of 2023 were CNY 1,017,597,045.54, down 13.1% from CNY 1,171,922,026.24 in the previous year[4] - Research and development expenses for the first three quarters of 2023 amounted to CNY 121,311,516.88, slightly down from CNY 124,827,850.16 in the same period of 2022[4] - R&D expenses totaled ¥58,598,077.20 in Q3 2023, a decrease of 20.51% year-over-year, while the R&D expense as a percentage of revenue was 14.69%, a decrease of 0.14 percentage points[45] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of RMB 300,441,153.29 for the first nine months of 2023, compared to RMB 381,335,379.09 in the same period of 2022, reflecting a decrease of approximately 21.1%[38] - The company reported a total cash inflow from operating activities of RMB 1,342,405,342.99 for the first nine months of 2023, down from RMB 1,788,219,338.42 in the same period of 2022, a decrease of approximately 25%[38] - The company’s cash outflow from operating activities totaled RMB 1,041,964,189.70 for the first nine months of 2023, compared to RMB 1,406,883,959.33 in the same period of 2022, a decrease of approximately 26%[38] - Cash and cash equivalents at the end of the period were CNY 2,822,962,459.15, significantly up from CNY 627,018,627.34 in the previous period[60] Assets and Liabilities - The total liabilities as of September 30, 2023, were CNY 553,259,707.52, a slight decrease from CNY 556,578,589.64 at the end of 2022[13] - The total equity of the company was CNY 2,290,127,508.79 as of September 30, 2023, remaining stable compared to CNY 2,290,317,563.27 at the end of 2022[13] - Total assets increased to RMB 5,770,839,031.56 as of the end of the third quarter of 2023, up from RMB 2,843,387,216.31 at the same time last year, representing an increase of approximately 102.5%[33] - The total liabilities amounted to CNY 542,084,772.76, a decrease of 2.12% from CNY 553,259,707.52 in the previous period[56] - The total owner's equity reached CNY 5,228,754,258.80, an increase from CNY 2,290,127,508.79 in the previous period[70] Strategic Initiatives and Future Outlook - The company continues to focus on market expansion and new product development as part of its strategic initiatives moving forward[4] - The company announced a delay in several fundraising projects, extending the expected operational status of certain projects to December 2023[53] - Future outlook remains cautiously optimistic, with ongoing assessments of market conditions and strategic investments planned[79] - The company is exploring new product developments and market expansion opportunities to drive growth[79]