Accotest(SH:688200)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥137,243,672.10, a decrease of 42.09% compared to the same period last year[8] - The net profit attributable to shareholders for Q3 2023 was ¥35,781,992.66, down 67.77% year-on-year[8] - The basic earnings per share for Q3 2023 was ¥0.26, reflecting a decline of 68.29% compared to the same period last year[10] - Total operating revenue for the first three quarters of 2023 was ¥518,732,953.94, a decrease of 33.4% compared to ¥778,119,309.29 in the same period of 2022[34] - Operating profit for the first three quarters of 2023 was ¥210,622,068.94, down 51.1% from ¥430,715,542.17 in the previous year[34] - Net profit for the first three quarters of 2023 was ¥197,056,041.97, a decline of 48.3% compared to ¥381,534,267.64 in 2022[38] - Comprehensive income for the first three quarters of 2023 totaled ¥232,041,402.47, compared to ¥389,096,843.21 in 2022, indicating a decrease of 40.3%[40] Research and Development - Research and development expenses totaled ¥33,906,057.62 in Q3 2023, representing 24.71% of operating revenue, an increase of 11.64 percentage points year-on-year[10] - Research and development expenses increased to ¥99,514,945.61 in 2023, compared to ¥86,277,612.25 in 2022, reflecting a growth of 15.5%[34] Assets and Liabilities - Total assets at the end of Q3 2023 were ¥3,429,716,078.66, a 1.73% increase from the end of the previous year[10] - As of September 30, 2023, total assets amounted to RMB 3,429,716,078.66, an increase from RMB 3,371,356,514.42 at the end of 2022, reflecting a growth of approximately 1.8%[26] - The total liabilities included accounts payable of $62,070,119.17 and contract liabilities of $54,583,526.70[51] - The company's total liabilities decreased significantly from RMB 232,405,187.29 to RMB 141,876,683.10, a reduction of approximately 39%[27] - Non-current liabilities decreased to RMB 26,638,204.20 from RMB 21,266,841.51, indicating a rise of about 25.5%[27] - The total current liabilities decreased from RMB 211,138,345.78 to RMB 115,238,478.90, a reduction of about 45.5%[26] Equity - The total equity attributable to shareholders at the end of Q3 2023 was ¥3,287,839,395.56, an increase of 4.74% from the end of the previous year[10] - The equity attributable to shareholders increased to RMB 3,287,839,395.56 from RMB 3,138,951,327.13, representing a growth of about 4.8%[27] - The retained earnings rose to RMB 1,178,187,234.68 from RMB 1,107,064,523.92, reflecting an increase of about 6.4%[27] Cash Flow - The company reported a cash flow from operating activities of ¥217,976,731.16 for the year-to-date, a decrease of 19.04% compared to the previous year[10] - The net cash flow from operating activities was $217,976,731.16, a decrease of 18.93% compared to $269,232,996.64 in the previous period[44] - The total cash outflow from investing activities was $253,879,792.05, down 59.32% from $622,725,329.22 in the prior period[44] - The cash inflow from financing activities was $27,590,013.82, an increase of 25.5% compared to $22,078,800.00 in the previous period[44] Other Information - The company experienced a significant decline in performance due to industry cyclical downturns and reduced orders[18] - The company has not disclosed any new product or technology developments in the current report[22] - The company has implemented new accounting standards effective January 1, 2023, impacting the financial statements[47]