Financial Performance - The company's operating revenue for Q3 2023 was ¥100,021,120, a decrease of 43.68% compared to the same period last year, and a cumulative revenue of ¥370,055,600 for the year, down 30.07% year-on-year[5]. - The net profit attributable to shareholders for Q3 2023 was ¥7,490,154, reflecting a significant decline of 267.35% year-on-year, with a cumulative net profit of ¥4,329,307 for the year, down 109.06% compared to the previous year[5]. - The basic earnings per share for Q3 2023 was -0.1003 yuan, a decrease of 267.17% year-on-year, while the diluted earnings per share also stood at -0.1003 yuan[5]. - Revenue for Q3 2023 was CNY 370,055,622.48, a decrease of 30.07% compared to CNY 529,176,618.61 in the same period last year, primarily due to a reduction in sales orders[8]. - The company reported a net loss of CNY 3,041,526.47 for Q3 2023, compared to a net profit in the same quarter last year[15]. - The net profit for the third quarter of 2023 was -4,329,307.75 CNY, compared to a net profit of 47,789,442.45 CNY in the same period last year, indicating a significant decline[16]. - Operating profit for the third quarter was -1,176,255.83 CNY, down from 54,175,696.17 CNY year-over-year[16]. - The total comprehensive income for the third quarter was -4,329,307.75 CNY, compared to 47,789,442.45 CNY in the same period last year[16]. Cash Flow and Assets - The company reported a significant decline in cash flow from operating activities, which was negative for the current period, compared to ¥217,895,900 in the previous year[5]. - The net cash flow from operating activities was CNY -217,895,913.29, a decline of 179.05% compared to CNY -78,085,616.70, primarily due to an increase in bill discounting[8]. - Cash flow from operating activities showed a net outflow of -217,895,913.29 CNY, compared to -78,085,616.70 CNY in the previous year[17]. - Total cash inflow from investment activities was 1,057,375,867.90 CNY, while cash outflow was 1,270,613,102.05 CNY, resulting in a net cash outflow of -213,237,234.15 CNY[18]. - Cash flow from financing activities generated a net inflow of 293,814,181.13 CNY, compared to 447,029,096.79 CNY in the same period last year[18]. - The total assets at the end of Q3 2023 were ¥1,092,637,704.79, showing a decrease of 1.04% from the end of the previous year[5]. - Current assets totaled CNY 810,245,088.34 as of September 30, 2023, down from CNY 876,250,709.22 at the beginning of the year[12]. - Non-current assets increased to CNY 282,392,616.45 from CNY 227,817,568.36 at the start of the year, reflecting a growth of 24%[13]. - The company's cash and cash equivalents decreased by 64.28% to ¥91,951,047.61, primarily due to idle fundraising being invested in financial products[7]. - The cash and cash equivalents at the end of the period were 84,570,773.50 CNY, up from 50,616,929.31 CNY at the end of the previous year[18]. Liabilities and Equity - Total liabilities decreased to CNY 337,188,468.29 from CNY 344,291,395.83, indicating a reduction of 2.6%[14]. - The total equity attributable to shareholders was CNY 755,449,236.50, slightly down from CNY 759,776,881.75[14]. - Short-term borrowings increased by 31.42% to CNY 123,724,032.55, primarily due to an increase in one-year loans[8]. - Contract liabilities surged by 1471.02% to CNY 191,209.26, mainly due to an increase in advance payments received[8]. - The company experienced a 52.43% decrease in accounts payable, amounting to CNY 38,842,445.42, due to a reduction in order volume[8]. Research and Development - R&D expenses decreased by 35.78% to CNY 14,715,380.92 from CNY 22,915,155.81, mainly due to reduced investment in R&D[8]. - Research and development expenses decreased to CNY 14,715,380.92, a reduction of 35.7% compared to CNY 22,915,155.81 in Q3 2022[15]. Accounting Changes - The company has undergone a change in accounting policy, which has affected the financial data presented in the report[5]. - The company has implemented new accounting standards effective from January 1, 2023, which may impact future financial reporting[19]. - The company implemented the new regulation effective January 1, 2023, impacting the recognition of deferred tax liabilities and assets[20]. - The company has not identified any non-recurring gains and losses that should be classified as regular income[6]. - The company has not audited the third-quarter report for 2023[23]. Other Income and Expenses - Non-operating income for Q3 2023 included a total of ¥406,298.08 from non-recurring gains and losses, with a cumulative amount of ¥1,118,523.55 for the year[6]. - Other income decreased by 88.70% to CNY 1,173,082.27, primarily due to a reduction in government subsidies related to income[8]. - The company's financial expenses improved, with a net financial expense of CNY -877,114.14, reflecting an increase in interest income from structured deposits[8]. - Total operating costs for Q3 2023 were CNY 373,097,148.95, down 23.4% from CNY 487,436,546.61 in the same period last year[15].
拓山重工(001226) - 2023 Q3 - 季度财报