Holystar(SH:688330)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥187,229,709.44, a decrease of 19.95% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was ¥23,319,657.98, down 69.55% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥15,186,669.06, a decline of 76.55% compared to the previous year[5]. - Basic and diluted earnings per share for Q3 2023 were both ¥0.1666, reflecting a decrease of 69.55% year-on-year[6]. - Total revenue for the first three quarters of 2023 was CNY 635,759,644.31, a decrease from CNY 826,807,523.00 in the same period of 2022, representing a decline of approximately 23.1%[22]. - Net profit for Q3 2023 was CNY 112,085,488.76, significantly lower than CNY 286,579,004.64 in Q3 2022, reflecting a decrease of approximately 60.9%[24]. - Operating profit for Q3 2023 was CNY 126,428,413.58, down from CNY 331,291,316.89 in Q3 2022, a decline of around 61.9%[23]. Assets and Liabilities - Total assets at the end of Q3 2023 were ¥4,127,768,200.78, a decrease of 0.55% from the end of the previous year[6]. - Total assets as of Q3 2023 amounted to CNY 4,127,768,200.78, slightly down from CNY 4,150,561,145.41 at the end of the previous period[20]. - Total liabilities decreased to CNY 579,199,210.80 in Q3 2023 from CNY 618,077,644.19 in Q3 2022, a reduction of about 6.3%[20]. - The company's equity attributable to shareholders increased to CNY 3,548,568,989.98 in Q3 2023 from CNY 3,532,483,501.22 in Q3 2022, showing a growth of approximately 0.5%[20]. Cash Flow and Investments - Net cash flow from operating activities for the first three quarters of 2023 was CNY -19,042,349.79, an improvement from CNY -305,834,116.60 in the same period of 2022[25]. - Cash inflow from investment activities in Q3 2023 totaled CNY 3,194,361,491.50, up from CNY 2,555,759,476.66 in Q3 2022[26]. - Net cash flow from investment activities for Q3 2023 was CNY 212,672,278.21, compared to CNY 115,292,429.09 in Q3 2022, showing a significant increase[26]. - Cash outflow from financing activities in Q3 2023 was CNY 333,349,945.12, compared to CNY 244,232,998.36 in Q3 2022, reflecting increased financing costs[26]. - The ending cash and cash equivalents balance for Q3 2023 was CNY 1,106,673,647.43, compared to CNY 541,448,825.18 at the end of Q3 2022[26]. Research and Development - Research and development expenses totaled ¥10,512,957.17 in Q3 2023, representing 5.62% of operating revenue, an increase of 0.59 percentage points[6]. - Research and development expenses for Q3 2023 were CNY 32,699,932.17, compared to CNY 34,233,941.65 in Q3 2022, indicating a decrease of about 4.5%[23]. Market Conditions - The company experienced intensified market competition, leading to a decline in product prices and a slight decrease in the installation volume of distribution network equipment[10]. Share Repurchase - The company has repurchased a total of 290,140 shares, which is 0.2072% of the total share capital, with a total expenditure of RMB 9,137,247.26[16]. - The maximum repurchase price was RMB 32.10 per share, while the minimum was RMB 31.00 per share[16]. - The company plans to use repurchased shares for employee stock ownership plans or equity incentives, with a total repurchase budget between RMB 30 million and RMB 60 million[15]. - The company's board approved a share repurchase plan on September 6, 2023, to enhance shareholder value and support stock price stability[15]. Current Assets - As of September 30, 2023, the company's total current assets amounted to RMB 3,429,049,063.95, a decrease from RMB 3,481,694,503.88 at the end of 2022, reflecting a decline of approximately 1.5%[18]. - The company's cash and cash equivalents stood at RMB 1,128,286,986.43, down from RMB 1,149,811,708.88 at the end of 2022, indicating a decrease of about 1.9%[18]. - Accounts receivable increased significantly to RMB 1,023,647,829.52 from RMB 745,592,605.60, representing a growth of approximately 37.2%[18]. - The company reported a decrease in trading financial assets from RMB 891,949,056.20 to RMB 651,255,805.14, a decline of approximately 26.9%[18]. - The company’s non-current assets totaled RMB 1,080,000,000.00 as of September 30, 2023, slightly down from RMB 1,090,000,000.00 at the end of 2022[18]. - The company’s inventory remained relatively stable at RMB 458,014,268.11, compared to RMB 458,371,770.26 at the end of 2022[18]. Financial Expenses - The company reported a financial expense of CNY -5,403,303.25 in Q3 2023, compared to CNY -3,011,831.11 in Q3 2022, reflecting an increase in financial costs[23]. Deferred Tax Assets - Deferred tax assets increased to CNY 51,453,477.75 in Q3 2023 from CNY 36,581,068.67 in Q3 2022, representing a growth of approximately 40.6%[19]. Accounting Standards - The company did not apply new accounting standards for the year 2023[27].