IRON TECH(SH:688329)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥101,376,154.63, a decrease of 25.47% compared to the same period last year[5] - Net profit attributable to shareholders was ¥17,182,701.69, down 43.84% year-on-year[5] - The basic and diluted earnings per share for the period were both ¥0.23, reflecting a decline of 42.50%[6] - The net profit after deducting non-recurring gains and losses for the period was ¥16,168,097.05, a decrease of 44.90% year-on-year[5] - Total revenue for the first three quarters of 2023 was CNY 264,027,526.18, a decrease of 12.6% compared to CNY 302,015,219.68 in the same period of 2022[23] - Operating profit for Q3 2023 was CNY 53,053,963.55, down 24.1% from CNY 69,812,550.98 in Q3 2022[24] - The company reported a net profit of CNY 44,621,241.76 for the first three quarters of 2023, down from CNY 60,827,499.42 in the same period of 2022[23] - The net profit for Q3 2023 was CNY 44,621,241.76, a decrease of 26.7% compared to CNY 60,827,499.19 in Q3 2022[25] - The total comprehensive income for Q3 2023 was CNY 44,621,241.76, a decrease of 26.7% compared to CNY 60,827,499.19 in Q3 2022[26] Research and Development - Research and development expenses totaled ¥12,144,314.19, representing an increase of 11.47% year-on-year, and accounted for 11.98% of operating revenue[6] - The company experienced an increase in R&D investment as a percentage of revenue, which rose by 3.97 percentage points to 11.98%[6] - Research and development expenses increased to CNY 35,905,061.84 in Q3 2023, up from CNY 29,653,613.50 in Q3 2022, representing a growth of 21.1%[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,439,567,135.09, an increase of 1.89% from the end of the previous year[6] - Total assets as of September 30, 2023, amounted to CNY 1,439,567,135.09, an increase from CNY 1,412,933,049.50 at the end of 2022[22] - Current assets decreased to CNY 802,953,521.96 from CNY 839,839,342.34 at the end of 2022, reflecting a decline of 4.4%[21] - Total liabilities as of September 30, 2023, were CNY 620,983,993.51, compared to CNY 563,785,832.40 at the end of 2022, indicating an increase of 10.2%[22] Cash Flow - The company reported a cash flow from operating activities of ¥45,193,931.57, down 25.92% compared to the previous year[6] - Cash flow from operating activities for the first nine months of 2023 was CNY 360,033,689.90, a decrease of 13.2% from CNY 414,666,178.91 in the same period of 2022[27] - The net cash flow from operating activities for Q3 2023 was CNY 45,193,931.57, down 26.0% from CNY 61,004,324.70 in Q3 2022[28] - The cash flow from investing activities for the first nine months of 2023 was negative CNY 125,016,204.16, compared to a positive cash flow of CNY 5,273,024.69 in the same period of 2022[28] - The cash flow from financing activities for Q3 2023 was negative CNY 22,100,519.36, compared to negative CNY 8,999,172.80 in Q3 2022, indicating increased cash outflow[28] Shareholder Information - The total number of shareholders at the end of the reporting period is 5,361[13] - The largest shareholder, Zhang Yinhua, holds 23,055,000 shares, representing 29.86% of the total shares[13] - The second-largest shareholder, Xu Li, holds 8,458,000 shares, representing 10.96% of the total shares[13] - The top ten shareholders include various entities, with the largest institutional investor being Chufeng Asset Management holding 2,224,784 shares (2.88%)[16] - The company has a repurchase account holding 1,734,677 shares, accounting for 2.25% of the total shares[17] - The report indicates that there are no significant changes in the shareholder structure during the reporting period[18] Operational Insights - The company has not disclosed any new product developments or technological advancements in this quarter[19] - There are no updates on market expansion or mergers and acquisitions mentioned in the report[19] - The report does not indicate any significant operational issues or concerns for investors[18] - The company plans to expand its market presence and invest in new technologies to drive future growth[24] Financial Statement Notes - The financial statements are unaudited as of September 30, 2023[19] - Cash and cash equivalents dropped significantly to CNY 107,811,650.77 from CNY 217,993,993.89, a decrease of 50.6%[20] - The inventory level increased to CNY 89,397,461.28 from CNY 61,647,985.81, marking a rise of 44.9%[20] - The company paid CNY 75,385,453.87 to employees in Q3 2023, an increase of 8.8% from CNY 69,363,976.75 in Q3 2022[28]