GTCL(000978)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥170,652,165.39, a significant increase of 189.37% compared to ¥58,972,741.77 in the same period last year[6] - Net profit attributable to shareholders was ¥35,663,410.95, a turnaround from a loss of ¥38,565,256.26 in the previous year, representing a growth of 192.48%[6] - The net profit after deducting non-recurring gains and losses was ¥33,801,357.35, compared to a loss of ¥41,041,241.14 last year, marking an increase of 182.36%[6] - The basic earnings per share improved to ¥0.076 from a loss of ¥0.082, reflecting a growth of 192.68%[6] - In the first nine months of 2023, the company's operating revenue reached CNY 366.55 million, a year-on-year increase of 270.36%[17] - The company reported a net profit attributable to shareholders of CNY 36.42 million, a turnaround from a loss of CNY 172.28 million in the same period last year[17] - The net profit for the first nine months of 2023 was CNY 26,942,894.88, compared to a net loss of CNY 184,485,221.68 in the previous year[31] - The company reported a profit attributable to shareholders of the parent company of CNY 36,418,509.98, a turnaround from a loss of CNY 172,276,906.62 in the same period last year[31] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was ¥97,529,328.78, a significant improvement from a negative cash flow of ¥34,829,328.19 in the same period last year, representing a growth of 380.02%[6] - The net cash flow from operating activities for the first nine months of 2023 was ¥97,529,328.78, a significant improvement compared to a negative cash flow of ¥34,829,328.19 in the same period last year[33] - Cash inflow from operating activities totaled ¥395,209,650.75, up from ¥155,644,492.38 in the previous year, indicating a year-over-year increase of approximately 154.5%[33] - The total cash outflow from operating activities was ¥297,680,321.97, compared to ¥190,473,820.57 in the prior year, reflecting an increase of about 56.3%[33] - The cash and cash equivalents at the end of the period increased to ¥105,256,344.07, compared to ¥56,058,354.52 at the end of the previous year, representing an increase of approximately 87.6%[33] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,440,494,149.63, an increase of 3.36% from ¥2,360,633,183.22 at the end of the previous year[6] - Total liabilities as of September 30, 2023, amounted to CNY 1,131,397,246.56, compared to CNY 1,079,063,310.55 at the beginning of the year, reflecting an increase of approximately 4.8%[30] - Non-current liabilities increased to CNY 814,283,433.20 from CNY 524,709,105.20, marking a rise of about 55.2%[30] - The company's total equity as of September 30, 2023, was CNY 1,309,096,903.07, up from CNY 1,282,154,008.19 at the start of the year, indicating a growth of approximately 2.1%[30] Visitor and Market Performance - The number of visitors received by the company increased by 227% year-on-year, totaling 4.8016 million visitors in the same period[17] - The company's financial expenses decreased by 34.65% year-on-year, amounting to CNY 27.73 million in the first nine months of 2023[17] - Investment income surged to CNY 41.03 million, reflecting a year-on-year increase of 4998.65%[17] - The total amount of accounts receivable increased by 63.49% to CNY 94.61 million, corresponding to the rise in visitor numbers and revenue[16] Accounting and Regulatory Changes - The company implemented changes in accounting policies effective January 1, 2023, which impacted the financial statements and necessitated adjustments in reported figures[7] - The company implemented new accounting standards starting January 1, 2023, which affected the deferred tax assets and liabilities[35] - The adjustment to the deferred tax assets increased by ¥584,135.52, resulting in a total of ¥10,275,150.43 as of January 1, 2023[38] Shareholder Information - The top shareholder, Guilin Tourism Investment Group Co., Ltd., holds 37.20% of shares, with 174,150,473 shares, of which 66,120,473 are pledged[21] - The company reported a total of 48,618 common shareholders at the end of the reporting period[21]