EASTCOM(SH:900941)2023-10-29 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥662,852,584.41, a decrease of 14.33% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥43,719,208.57, an increase of 12.36% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥18,260,968.99, a decrease of 522.01% compared to the previous year[5]. - The basic earnings per share for the period was ¥0.0348, reflecting a 12.36% increase year-on-year[5]. - Total operating revenue for the first three quarters of 2023 was CNY 1,924,436,460.59, a decrease of 9.15% compared to CNY 2,118,092,284.92 in the same period of 2022[16]. - Net profit for the first three quarters of 2023 reached CNY 112,634,675.38, representing an increase of 71.43% from CNY 65,781,111.50 in the first three quarters of 2022[17]. - Operating profit for the first three quarters of 2023 was CNY 123,240,290.84, up from CNY 72,572,843.46 in the same period of 2022, indicating a growth of 69.67%[17]. - The basic and diluted earnings per share for the third quarter of 2023 were both CNY 0.091, compared to CNY 0.053 in the same period of 2022, reflecting a growth of 71.70%[17]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,253,172,324.69, showing a slight increase of 0.23% from the end of the previous year[5]. - As of September 30, 2023, the total assets of the company amounted to RMB 4,253,172,324.69, a slight increase from RMB 4,243,375,932.25 at the end of 2022[13]. - The company's total liabilities decreased to RMB 810,199,231.71 from RMB 842,600,366.71 at the end of 2022, indicating a reduction in financial obligations[14]. - The company's equity attributable to shareholders increased to RMB 3,402,230,208.87 from RMB 3,357,439,185.24, showing an increase of about 1.3%[15]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥19,055,333.09, down 65.29% compared to the previous year[5]. - Cash flow from operating activities for the first three quarters of 2023 was CNY 19,055,333.09, down 65.36% from CNY 54,905,470.92 in the same period of 2022[20]. - Cash and cash equivalents at the end of the first three quarters of 2023 totaled CNY 1,588,278,874.96, an increase from CNY 1,332,365,102.58 at the end of the same period in 2022[21]. - The cash and cash equivalents increased to RMB 1,688,378,874.96 from RMB 1,654,114,692.49, reflecting a growth of approximately 2.0%[13]. - The company experienced a net cash outflow from financing activities of CNY 69,715,872.66 in the first three quarters of 2023, compared to a net outflow of CNY 50,147,029.98 in the same period of 2022[21]. Operational Efficiency - The company reported a total operating cost of CNY 1,911,697,099.10 for the first three quarters of 2023, down 10.00% from CNY 2,122,423,317.63 in the same period of 2022[16]. - Research and development expenses for the first three quarters of 2023 amounted to CNY 127,459,344.38, slightly up from CNY 126,284,413.56 in the same period of 2022[16]. - The company achieved investment income of CNY 151,140,580.29 in the first three quarters of 2023, significantly higher than CNY 58,206,458.18 in the same period of 2022[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 135,920[9]. - The company has appointed a new board secretary, effective after obtaining the necessary qualifications, which may enhance corporate governance[11]. Strategic Initiatives - The company plans to continue its strategy of reducing holdings in other listed companies, with the latest plan expiring on October 2, 2023[12]. - The company is focusing on expanding its market presence and developing new technologies, although specific figures were not disclosed in the report[11].