Conglin Technology(SH:688370)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥134,326,084.73, a decrease of 33.65% compared to the same period last year[5] - The net profit attributable to shareholders was ¥12,362,649.90, down 76.48% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥7,265,132.75, reflecting an 84.13% decline compared to the previous year[5] - The basic earnings per share for Q3 2023 was ¥0.09, a decrease of 80.43% from the same period last year[6] - Total revenue for the first three quarters of 2023 was CNY 471,007,056.67, a decrease of 11.34% compared to CNY 531,246,823.53 in the same period of 2022[24] - Net profit for the third quarter of 2023 was CNY 78,225,259.04, down 39.25% from CNY 128,760,794.15 in the same quarter of 2022[25] - Operating profit for the third quarter was CNY 96,373,559.24, a decline of 37.24% compared to CNY 153,503,305.49 in the previous year[25] - Basic earnings per share for Q3 2023 were CNY 0.70, down from CNY 1.22 in Q3 2022[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,338,390,451.85, a decrease of 10.99% from the end of the previous year[6] - The company's total assets as of the end of the third quarter were CNY 3,338,390,451.85, down from CNY 3,750,577,606.74 at the end of the previous year[21] - Total liabilities decreased to CNY 649,207,756.61 from CNY 852,298,396.27 year-over-year[21] - The equity attributable to shareholders of the parent company was CNY 2,666,059,990.80, down from CNY 2,856,599,125.15 in the previous year[21] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥153,473,602.90, an increase of 21.46% compared to the same period last year[6] - Net cash flow from operating activities for the first three quarters of 2023 was CNY 153,473,602.90, an increase of 21.5% compared to CNY 126,359,668.53 in the same period of 2022[27] - Cash inflow from financing activities was CNY 81,723,543.02, a decrease from CNY 1,596,199,789.79 in the same period last year[28] - Net cash flow from financing activities was -CNY 498,105,816.82, compared to a positive CNY 1,458,935,146.17 in Q3 2022[28] Research and Development - Research and development expenses totaled ¥8,299,346.65, down 28.72% year-on-year, accounting for 6.18% of operating revenue, an increase of 0.43 percentage points[6] - Research and development expenses for the third quarter were CNY 26,962,292.41, a decrease of 18.88% from CNY 33,226,489.76 in the same period last year[25] Government Support and Management - The company received government subsidies amounting to ¥1,457,155.71 during the reporting period, which are closely related to its normal business operations[8] - The company has strengthened its sales collection management, leading to a notable increase in cash flow from operating activities[10] Current Assets and Inventory - As of September 30, 2023, the company's total current assets amounted to RMB 1,763,811,859.11, a decrease from RMB 2,243,538,850.22 at the end of 2022, representing a decline of approximately 21.4%[18] - The company's cash and cash equivalents decreased to RMB 764,106,500.22 from RMB 1,916,978,782.12, indicating a reduction of about 60.2%[18] - The company's inventory increased to RMB 10,308,377.26 from RMB 9,372,727.97, showing an increase of approximately 9.9%[18] Investments - The company has ongoing investments in construction projects, with the amount in progress reported at RMB 179,271,875.20, slightly up from RMB 173,312,433.31[18] - The company received CNY 3,442,100,000.00 from investment recoveries in the first three quarters of 2023, up from CNY 1,300,000,000.00 in the same period of 2022[28] Other Financial Metrics - The company reported a financial income of CNY 7,508,067.16 in the third quarter, compared to CNY 2,860,546.99 in the same quarter of 2022[25] - The company reported a significant decrease in disposal volume, which contributed to the decline in revenue and net profit[10]