Guoguang Electric (SH:688776)2023-10-30 16:00Financial Performance - The company's operating revenue for the current reporting period is ¥140,212,348.13, a decrease of 25.67% compared to the same period last year[4]. - Net profit attributable to shareholders of the listed company is ¥6,881,719.00, down 63.09% year-on-year[4]. - The net profit after deducting non-recurring gains and losses is ¥5,020,219.00, reflecting a 72.16% decrease compared to the previous year[4]. - Basic earnings per share for the current period is ¥0.06, a decline of 64.71% from the same period last year[4]. - Total operating revenue for Q3 2023 was ¥577,626,121.54, a decrease of 18.6% compared to ¥710,001,408.32 in Q3 2022[27]. - Net profit for Q3 2023 was ¥54,470,589.87, a decline of 57.8% from ¥129,093,290.72 in Q3 2022[28]. - The company's net profit for the first three quarters of 2023 was CNY 54.47 million, compared to CNY 129.09 million in the same period of 2022[52]. - Basic and diluted earnings per share for the first three quarters of 2023 were CNY 0.50, down from CNY 1.67 in the previous year[52]. Research and Development - Total R&D investment for the current period is ¥10,704,000, an increase of 44.19% year-on-year, indicating a focus on dynamic changes in R&D based on industry development and customer demand[4][17]. - Research and development expenses for Q3 2023 were ¥30,557,160.32, a decrease of 15.6% compared to ¥36,160,283.23 in Q3 2022[27]. - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[2]. Assets and Liabilities - Total assets at the end of the reporting period amount to ¥2,286,827,798.03, representing a 1.70% increase compared to the end of the previous year[4]. - The total assets as of September 30, 2023, were ¥2,035,477,649.32, slightly up from ¥2,024,418,058.29 at the end of 2022[23]. - The total liabilities of the company were CNY 486.48 million, down from CNY 504.83 million[48]. - The company’s total equity attributable to shareholders is ¥1,800,348,098.53, reflecting a 3.24% increase compared to the previous year[14]. - The company reported a total equity of CNY 1.80 billion, up from CNY 1.74 billion[48]. Cash Flow - Cash flow from operating activities for the year-to-date is not applicable, primarily due to increased sales receipts and reduced tax payments[17]. - Cash flow from operating activities showed a net outflow of ¥14,294,723.95, an improvement from a net outflow of ¥78,918,597.87 in the previous period[1]. - Cash inflow from operating activities for the first three quarters of 2023 was CNY 525.54 million, an increase from CNY 454.02 million in the same period of 2022[52]. - Total cash outflow from investment activities was ¥50,124,254.60, compared to ¥17,653,904.07 in the prior period, resulting in a net cash flow from investment activities of -¥50,079,416.60[1]. - Cash inflow from financing activities was recorded at ¥30,000,000.00, with cash outflow for debt repayment also at ¥30,000,000.00[1]. Shareholder Information - The company reported a total of 4,603 common shareholders at the end of the reporting period[3]. - The largest shareholder, New Yuhua Anuo Jin Enterprise Management Co., Ltd., holds 55,045,218 shares, representing 50.79% of total shares[3]. - The second-largest shareholder, Henan Guozhiguang Electronic Information Technology R&D Center, holds 10,160,815 shares, accounting for 9.37%[3]. Other Financial Metrics - The company experienced a significant decline in gross profit margin due to price reductions and changes in tax regulations affecting military products[17]. - The company reported a decrease in the proportion of revenue from low-margin products, which has negatively impacted overall profitability[17]. - The company experienced a significant increase in credit impairment losses, which amounted to ¥10,035,592.35 in Q3 2023, compared to ¥23,161,552.08 in Q3 2022[27]. - The company’s operating profit for Q3 2023 was ¥60,793,513.38, down 60% from ¥152,310,907.91 in the same quarter last year[28]. - The company’s tax expenses for Q3 2023 were ¥9,831,593.08, a decrease from ¥23,165,253.07 in Q3 2022[28]. - Tax payments decreased significantly to ¥27,903,582.90 from ¥53,099,980.11 year-over-year[1]. - The total cash paid for employee compensation was ¥111,118,689.29, slightly down from ¥113,004,402.40 in the previous period[1]. - The company has not applied new accounting standards for the current reporting period[4].