Niutech(SH:688309)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥33,426,090.91, representing a decrease of 18.83% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was -¥17,051,296.37, with a year-to-date net profit of ¥12,129,772.30, reflecting an increase of 2,447.26% year-on-year[5]. - Basic and diluted earnings per share for Q3 2023 were both -¥0.2131, compared to ¥0.1516 for the same period last year[6]. - The total operating revenue for the first three quarters of 2023 reached ¥146,216,105.20, an increase of 27.0% compared to ¥115,118,502.41 in the same period of 2022[23]. - The total operating profit for Q3 2023 was CNY 12,810,316.99, compared to CNY 334,079.69 in the same period last year, indicating a substantial increase[24]. - The net profit for Q3 2023 was CNY 12,129,772.30, a significant increase compared to CNY 476,189.26 in Q3 2022, representing a growth of approximately 2,445%[24]. - The total comprehensive income for Q3 2023 was CNY 12,129,772.30, compared to CNY 476,189.26 in the same quarter of the previous year[25]. Cash Flow and Assets - The cash flow from operating activities for the year-to-date period was -¥20,691,867.17, indicating a decrease of 129.47% compared to the previous year[6]. - The cash flow from operating activities for the first three quarters of 2023 was CNY -20,691,867.17, a decline from CNY 70,204,398.23 in the previous year[27]. - The cash and cash equivalents decreased to ¥164,915,609.06 as of September 30, 2023, down from ¥202,413,182.33 at the end of 2022, representing a decline of 18.5%[19]. - The cash and cash equivalents at the end of Q3 2023 were CNY 164,915,609.06, a decrease from CNY 209,887,461.79 at the end of Q3 2022[28]. - The total assets at the end of Q3 2023 were ¥794,419,589.00, a decrease of 4.21% from the end of the previous year[6]. - The total assets as of September 30, 2023, were ¥794,419,589.00, a decrease from ¥829,321,758.61 at the end of 2022, reflecting a reduction of 4.2%[20]. - The total liabilities decreased to ¥75,335,758.51 from ¥117,621,227.32, indicating a significant reduction of 36.0%[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 4,853[13]. - The top 10 shareholders collectively hold 40.67% of the company's shares, with Ningbo Meishan Free Trade Port Zone Junlong Investment Management Partnership holding 34.39%[14]. - A share transfer agreement was signed, with 1,183,000 shares (1.48% of total shares) being transferred to Shandong Green Industry Investment Fund[14]. - The company has a total of 27,514,586 shares held by Junlong Investment, which is the largest shareholder[14]. - The second-largest shareholder, Yingsheng Investment, holds 5,026,601 shares, representing 6.28%[14]. - The company has not reported any changes in shareholder structure as of the end of Q3 due to pending share transfer completion[15]. Research and Development - Research and development expenses for Q3 2023 amounted to ¥2,062,448.93, which is 6.17% of operating revenue, an increase of 1.06 percentage points year-on-year[6]. - The company's research and development expenses for the first three quarters of 2023 were ¥7,599,232.67, compared to ¥7,298,129.56 in the same period of 2022, indicating an increase of 4.1%[23]. Recognition and Achievements - The company has been recognized as a "Green Factory" by the Jinan Municipal Bureau of Industry and Information Technology and as a "Demonstration Enterprise in Tire Resource Recycling" by the China Tire Recycling Association[16]. - The company’s "Oil Sludge Thermal Cracking Technology and Equipment" has been included in the Ministry of Science and Technology's list of "National Green and Low-Carbon Advanced Technology Achievements"[16]. Other Financial Metrics - The company reported non-operating income of ¥668,541.78 for Q3 2023, down from ¥2,157,425.02 in the previous year[10]. - The weighted average return on equity for Q3 2023 was -2.34%, a decrease of 0.49 percentage points compared to the previous year[6]. - The company experienced a significant increase in credit impairment losses, contributing to the decline in net profit for the current period[11]. - The company's inventory as of September 30, 2023, was ¥22,878,671.16, slightly up from ¥22,233,763.04 at the end of 2022, showing an increase of 2.9%[19]. - The long-term equity investments decreased to ¥6,648,330.45 from ¥7,140,928.42, a decline of 6.9%[19]. - The deferred income tax assets increased to ¥16,239,794.39 from ¥9,897,690.33, reflecting a growth of 64.0%[19].