MZT(SH:688355)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥114,222,046.39, a decrease of 36.40% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was -¥9,902,367.93, representing a decline of 153.86% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was -¥16,172,275.65, a decrease of 223.09% compared to the previous year[5]. - The basic earnings per share for Q3 2023 were -¥0.08, a decrease of 150.00% compared to the same period last year[6]. - The total comprehensive income attributable to the parent company for Q3 2023 was -1,334,564.04 RMB, compared to 25,597,910.19 RMB in Q3 2022[22]. - The basic and diluted earnings per share for Q3 2023 were both -0.0041 RMB, down from 0.22 RMB in Q3 2022[22]. - Net profit for Q3 2023 was a loss of approximately ¥502,253.61, compared to a profit of ¥24.7 million in Q3 2022, indicating a significant decline in profitability[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,400,956,804.83, down 4.21% from the end of the previous year[6]. - As of September 30, 2023, the company's total current assets amounted to approximately RMB 995.25 million, a decrease from RMB 1,124.58 million at the end of 2022, reflecting a decline of about 11.47%[16]. - The company's cash and cash equivalents were reported at RMB 107.76 million, down from RMB 135.57 million, indicating a decrease of approximately 20.51%[16]. - Accounts receivable decreased to RMB 140.66 million from RMB 182.37 million, representing a decline of about 22.87%[16]. - Current liabilities decreased to approximately ¥337.1 million in Q3 2023 from ¥373.7 million in Q3 2022, representing a reduction of about 10%[20]. - Non-current liabilities totaled approximately ¥19.2 million in Q3 2023, slightly up from ¥18.9 million in Q3 2022[18]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥131,389,059.08, reflecting a significant improvement of 332.22% compared to the previous year[6]. - Cash inflow from operating activities for the first three quarters of 2023 was 527,942,429.00 RMB, slightly up from 521,491,446.74 RMB in the same period of 2022[23]. - The net cash flow from operating activities for Q3 2023 was 131,389,059.08 RMB, a significant improvement from -56,580,300.04 RMB in Q3 2022[23]. - The total cash outflow for operating activities in the first three quarters of 2023 was 396,553,369.92 RMB, down from 578,071,746.78 RMB in the same period of 2022[23]. - The net cash flow from investing activities for Q3 2023 was -53,540,739.93 RMB, worsening from -31,146,566.28 RMB in Q3 2022[23]. - The net cash flow from financing activities for Q3 2023 was -112,206,013.91 RMB, compared to a positive 29,985,952.92 RMB in Q3 2022[23]. Research and Development - Research and development expenses for Q3 2023 amounted to ¥14,777,967.69, an increase of 7.24% year-over-year[6]. - The ratio of R&D expenses to operating revenue was 12.94%, an increase of 5.27 percentage points compared to the previous year[6]. - Research and development expenses for Q3 2023 were approximately ¥42.4 million, down from ¥44.4 million in Q3 2022, indicating a focus on cost management[20]. Shareholder Information - The top two shareholders, Wu Qinfang and Qiu He, collectively hold 34.24% of the company's shares, indicating significant insider ownership[13]. - The company reported a total of 4,651 common shareholders at the end of the reporting period[12]. - The company has engaged in securities repurchase, with a total of 1,223,200 shares repurchased through a dedicated account[13]. Market and Strategic Outlook - The company attributed the decline in revenue to project acceptance delays and reduced customer demand, leading to insufficient orders[10]. - The company is exploring new market expansion strategies and product development to enhance future growth prospects[19]. - The company has not disclosed any significant new product developments or technological advancements during this reporting period[14]. - There are no significant mergers or acquisitions reported in the current quarter[14].