Guobo Electronics (SH:688375)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥904,594,945.91, representing a decrease of 2.23% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2023 was ¥141,485,173.32, an increase of 1.35% year-on-year[4]. - The net profit after deducting non-recurring gains and losses for Q3 2023 was ¥129,607,594.87, a decrease of 1.71% compared to the same period last year[4]. - Total operating revenue for the first three quarters of 2023 reached ¥2,826,048,619.13, an increase of 6.2% compared to ¥2,661,349,029.59 in the same period of 2022[20]. - Net profit for the third quarter of 2023 was ¥450,138,422.29, compared to ¥401,739,218.65 in the same quarter of 2022, representing a growth of 12.0%[21]. - The company reported a net profit of approximately ¥999.40 million, up from ¥799.28 million, indicating an increase of about 25.0%[19]. - The company's total operating profit for the third quarter of 2023 was ¥484,381,952.59, compared to ¥449,494,604.01 in the same quarter of 2022, marking an increase of 7.8%[21]. - Tax expenses for the third quarter of 2023 were ¥33,648,482.27, down from ¥45,302,093.63 in the same quarter of 2022[21]. Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥8,950,501,496.46, reflecting a year-on-year increase of 7.51%[6]. - The company's cash and cash equivalents stood at ¥2.22 billion, down from ¥2.34 billion at the end of 2022, indicating a decrease of approximately 5.3%[16]. - Accounts receivable increased significantly to ¥2.63 billion, compared to ¥1.41 billion at the end of 2022, reflecting a growth of approximately 86.0%[16]. - Inventory decreased to ¥804.31 million from ¥955.06 million, showing a decline of about 15.8%[17]. - Total current liabilities rose to approximately ¥2.94 billion, up from ¥2.52 billion, marking an increase of around 16.5%[18]. - The total liabilities were CNY 2,714,728,582.13, showing an increase of CNY 25,125,552.80 compared to the previous period[26]. - The total current assets reached CNY 6,642,148,206.51, remaining unchanged from the previous period[25]. - The total non-current assets increased to CNY 1,708,111,465.90, with an increase of CNY 25,114,553.34[25]. Equity and Shareholder Information - The total equity attributable to shareholders at the end of Q3 2023 was ¥5,841,765,888.10, an increase of 3.66% compared to the end of the previous year[6]. - The company's total equity attributable to shareholders reached approximately ¥5.84 billion, an increase from ¥5.64 billion, reflecting a growth of about 3.7%[19]. - The total equity (or shareholders' equity) was reported at approximately $5.64 billion, reflecting a minor decrease of $10,999.46[27]. - The retained earnings stood at approximately $799.28 million, with a decrease of $9,899.51 compared to the last reporting period[27]. - The total liabilities and equity amounted to approximately $8.33 billion, reflecting an increase of $25.11 million from the previous period[27]. Research and Development - The company's R&D investment for Q3 2023 was ¥83,983,136.37, accounting for 9.28% of operating revenue, an increase of 0.30 percentage points year-on-year[6]. - Research and development expenses for the first three quarters of 2023 totaled ¥262,932,939.83, slightly up from ¥259,183,166.83 in 2022[20]. - The company has not disclosed any significant new product developments or technological advancements during the reporting period[15]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥248,253,070.86, primarily due to increased payments for material purchases[10]. - Cash flow from operating activities for the first three quarters of 2023 was negative at -¥248,253,070.86, an improvement from -¥3,443,961.98 in the same period of 2022[23]. - The net cash flow from investment activities was CNY 150,980,491.09, a significant improvement from a negative cash flow of CNY 352,781,281.59 in the previous period[24]. - The net cash flow from financing activities was negative at CNY 24,296,895.19, compared to a positive cash flow of CNY 2,728,944,594.45 previously[24]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥12,306,608.01 during Q3 2023, contributing to its non-recurring gains[7]. - The company achieved other income of ¥38,007,450.39 in the first three quarters of 2023, compared to ¥21,382,421.98 in the same period of 2022, indicating a growth of 77.8%[20]. Strategic Direction and Market Activity - There are no updates on market expansion or mergers and acquisitions mentioned in the report[15]. - The company has not indicated any changes in its strategic direction or new strategies implemented during the quarter[15].