DEVELOP(SH:688377)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥335,700,205.42, representing an 18.32% increase compared to the same period last year[5] - Net profit attributable to shareholders was ¥43,126,037.64, a 3.48% increase year-on-year, while the net profit excluding non-recurring gains and losses was ¥42,175,415.09, up 6.72%[5] - Year-to-date revenue as of Q3 2023 totaled ¥936,041,417.33, reflecting a 34.04% increase compared to the same period last year[5] - The company's net profit attributable to shareholders for the first three quarters of 2023 was RMB 542,990,400.64, compared to RMB 449,558,286.44 in the same period of 2022, reflecting a growth of 20.8%[18] - In Q3 2023, the company reported a net profit of CNY 124,183,153.58, an increase of 26.0% compared to CNY 98,516,212.31 in Q3 2022[22] - Operating profit for Q3 2023 was CNY 140,810,481.30, up from CNY 111,835,194.20 in the same period last year, reflecting a growth of 25.9%[22] - The company’s total comprehensive income for Q3 2023 was CNY 124,183,153.58, compared to CNY 98,516,212.31 in Q3 2022, indicating a growth of 26.0%[23] Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥2,542,803,458.69, marking a 10.49% increase from the end of the previous year[6] - The company's total liabilities as of September 30, 2023, were RMB 820,246,614.47, compared to RMB 679,090,537.81 at the end of 2022, representing a rise of 20.8%[17] - Cash and cash equivalents as of September 30, 2023, were RMB 352,854,006.13, compared to RMB 336,094,866.41 at the end of 2022, indicating a slight increase[14] - Accounts receivable increased to RMB 399,408,220.45 as of September 30, 2023, from RMB 359,520,156.10 at the end of 2022, showing a growth of 11.1%[16] - Inventory as of September 30, 2023, was RMB 430,800,456.49, up from RMB 413,989,018.88 at the end of 2022, reflecting a growth of 4.1%[16] - The company reported a decrease in short-term borrowings to RMB 118,040,848.53 as of September 30, 2023, from RMB 134,119,602.78 at the end of 2022, indicating a reduction of 12%[17] Research and Development - Research and development expenses amounted to ¥11,968,207.19 for the quarter, accounting for 3.57% of operating revenue, a decrease of 1.17 percentage points year-on-year[6] - The company’s R&D expenses for the first three quarters of 2023 were RMB 33,474,467.90, slightly up from RMB 32,517,657.92 in the same period of 2022, reflecting a focus on innovation[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,107[10] - The largest shareholder, Nanjing Diwei Er Industrial Co., Ltd., holds 25.81% of the shares, totaling 50,250,000 shares[11] Cash Flow and Investments - The company generated operating cash flow of CNY 197,981,666.44 in the first nine months of 2023, a significant improvement from a negative cash flow of CNY -10,355,226.01 in the same period of 2022[24] - Investment activities resulted in a net cash outflow of CNY -182,487,145.63 in the first nine months of 2023, compared to a smaller outflow of CNY -36,734,433.58 in the same period of 2022[25] - The company received CNY 910,000,000.00 from investment recoveries in the first nine months of 2023, down from CNY 1,595,100,000.00 in the same period of 2022[24] Earnings Per Share - Basic earnings per share for Q3 2023 were ¥0.22, with diluted earnings per share also at ¥0.22[6] - The company’s basic and diluted earnings per share for Q3 2023 were both CNY 0.64, up from CNY 0.51 in Q3 2022, representing a growth of 25.5%[23] Order Growth - The company reported a significant increase in deep-sea product orders, contributing to the revenue growth[9] Credit Impairment - The company reported a decrease in credit impairment losses, with a loss of CNY -2,472,515.84 in Q3 2023, compared to CNY -8,504,887.27 in Q3 2022, reflecting improved asset quality[22]