FASTEN(SZ:000890)2023-10-29 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥113,842,280.98, a decrease of 32.05% compared to the same period last year[7]. - The net profit attributable to shareholders was -¥11,845,560.31, representing an increase of 27.24% year-on-year, while the net profit after deducting non-recurring gains and losses was -¥11,995,525.75, up 47.07%[7]. - The company experienced a 35.44% decline in operating income year-to-date, attributed to reduced revenue from the environmental protection business segment[11]. - Total operating revenue for the current period is ¥348,120,725.56, down 35.4% from ¥539,221,930.56 in the previous period[18]. - Net profit for the current period is -¥31,909,667.43, compared to -¥35,193,847.39 in the previous period, showing an improvement of 6.5%[19]. - The company reported a total comprehensive loss of -¥31,909,667.43 for the current period, compared to -¥36,929,347.39 in the previous period[20]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,595,260,436.87, down 13.26% from the end of the previous year[7]. - The company’s total equity attributable to shareholders decreased by 86.79% to ¥3,438,907.14 compared to the end of the previous year[7]. - Total current assets as of September 30, 2023, amount to 617,265,381.30 RMB, a decrease from 796,561,306.59 RMB at the beginning of the year[16]. - Total non-current assets are reported at 977,995,055.57 RMB, down from 1,042,531,569.75 RMB[16]. - Total liabilities amount to 1,415,221,187.88 RMB, compared to 1,627,143,959.92 RMB at the beginning of the year[17]. - The company reported a net loss of -632,711,670.80 RMB in retained earnings as of September 30, 2023[17]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥20,859,325.66, an increase of 40.21% compared to the same period last year[12]. - The net cash flow from operating activities for Q3 2023 was CNY 20,859,325.66, an increase from CNY 14,877,001.38 in Q3 2022, reflecting improved operational efficiency[23]. - The net cash flow from investing activities was CNY 76,276,384.77, a significant recovery from a negative cash flow of CNY -40,351,068.31 in the same period last year[23]. - Cash inflow from financing activities totaled CNY 1,574,913,995.16, compared to CNY 930,979,326.11 in Q3 2022, indicating increased borrowing and investment[23]. - The total cash outflow from financing activities was CNY 1,702,861,460.39, up from CNY 972,706,108.40 in the previous year, leading to a net cash flow of CNY -127,947,465.23[23]. - The ending cash and cash equivalents balance decreased to CNY 10,361,618.83 from CNY 19,968,467.16 in Q3 2022, indicating liquidity challenges[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 37,422[13]. - The largest shareholder, Farshing Hongsheng Group Co., Ltd., holds 26.82% of shares, totaling 112,502,486 shares, with 84,500,000 shares pledged[13]. Operational Efficiency - The company reported a significant increase in receivables financing, which rose by 2739.18% to ¥1,899,464.96, primarily due to increased collection of payments via notes[11]. - The cash inflow from operating activities is ¥463,007,837.30, down 24.0% from ¥609,069,740.06 in the previous period[21]. - The total cash outflow from operating activities was CNY 442,148,511.64, down from CNY 594,192,738.68 in Q3 2022, showing a reduction in operational cash expenses[23]. - The company has not reported any new product developments or market expansion strategies in the current earnings call[19].