SOKAN(SH:688157)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥169,266,115.83, representing a year-on-year increase of 21.57%[5] - The net profit attributable to shareholders for Q3 2023 was ¥26,886,227.16, showing a year-on-year increase of 6.67%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥24,326,007.71, with a year-on-year increase of 7.88%[5] - For the first nine months of 2023, the company achieved total operating revenue of CNY 415.13 million, a year-on-year increase of 6.95%[15] - The net profit attributable to shareholders for the same period was CNY 53.60 million, a year-on-year decrease of 16.16%[15] - The net profit for Q3 2023 was CNY 52,183,074.40, a decrease of 16.4% compared to CNY 62,586,308.85 in Q3 2022[25] - The total comprehensive income for Q3 2023 was CNY 52,746,645.57, a decrease of 16.0% from CNY 62,799,953.44 in Q3 2022[25] - The company reported a total profit of CNY 55,951,598.84 for Q3 2023, a decrease of 22.3% compared to CNY 71,955,046.31 in Q3 2022[25] Earnings Per Share - The basic earnings per share for Q3 2023 was ¥0.24, down 25.00% compared to the same period last year[6] - The diluted earnings per share for Q3 2023 was also ¥0.24, reflecting a decrease of 25.00% year-on-year[6] - Basic and diluted earnings per share for Q3 2023 were CNY 0.48, down from CNY 0.81 in Q3 2022, representing a decline of 40.7%[26] Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥1,492,570,426.28, reflecting a 5.82% increase compared to the end of the previous year[6] - The total equity attributable to shareholders at the end of Q3 2023 was ¥1,279,814,534.86, an increase of 2.51% compared to the end of the previous year[6] - Total liabilities increased to ¥198,578,945.07 in Q3 2023 from ¥146,650,119.61 in Q3 2022, indicating a growth of 35.4%[21] - The company's total non-current assets reached ¥707,437,937.14 in Q3 2023, compared to ¥578,104,859.23 in Q3 2022, an increase of 22.3%[22] - The company's total liabilities to equity ratio increased to 0.15 in Q3 2023 from 0.12 in Q3 2022, indicating a higher leverage position[21] Cash Flow - The cash flow from operating activities showed a significant decline of 105.20% year-on-year, indicating increased cash expenditures due to strategic development goals[10] - Cash flow from operating activities for the first nine months of 2023 was negative CNY 4,010,312.35, compared to positive CNY 77,134,544.43 in the same period of 2022[26] - Investment activities generated a net cash outflow of CNY 291,329,813.23 in Q3 2023, an improvement from a net outflow of CNY 383,094,893.80 in Q3 2022[27] Research and Development - The company's R&D investment totaled ¥23,450,606.61 in Q3 2023, which accounted for 13.85% of operating revenue, a decrease of 0.54 percentage points year-on-year[6] - Research and development expenses increased to ¥63,912,000.26 in the first three quarters of 2023, compared to ¥52,724,825.54 in 2022, marking a growth of 21.1%[24] Revenue Segments - The high-end consumer electronics segment generated CNY 340.20 million in revenue for the first nine months of 2023, a year-on-year increase of 1.54%[16] - The passenger vehicle segment achieved CNY 66.57 million in revenue for the first nine months of 2023, a year-on-year increase of 32.17%[17] Strategic Initiatives - The company is actively expanding its partnerships with well-known terminal and auto parts manufacturers to enhance its market position[17] - The company is focusing on innovative coating solutions for major domestic and North American clients, including new product launches[16]