Financial Performance - The company's revenue for Q3 2023 was ¥166,821,038.78, a decrease of 27.86% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥8,019,798.49, representing a 40.44% increase in losses year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥826,363.40, a decline of 103.82% compared to the previous year[5]. - The net profit attributable to shareholders of the parent company decreased by 37.54% to ¥33,838,818.85 compared to ¥54,173,156.66 in the same period last year[12]. - The net profit for the third quarter of 2023 was CNY 28,995,023.82, a decrease from CNY 51,950,213.07 in the same period last year, representing a decline of approximately 44.2%[22]. - The total profit for the quarter was CNY 28,130,113.45, down from CNY 57,847,144.28 year-over-year, indicating a decrease of about 51.4%[22]. - The operating profit for the third quarter was CNY 29,744,928.01, compared to CNY 58,180,890.77 in the previous year, reflecting a decline of approximately 48.9%[22]. - The company reported a total comprehensive income of CNY 27,736,893.69 for the quarter, down from CNY 51,950,213.07 in the same period last year, a decrease of about 46.5%[23]. - Basic and diluted earnings per share for the quarter were both CNY 0.31, down from CNY 0.63 in the previous year, a decline of 50%[23]. Cash Flow and Assets - The company reported a cash flow from operating activities of ¥208,545,795.31, an increase of 47.50% year-to-date[5]. - Operating cash flow increased by 47.50% to ¥208,545,795.31, driven by improved inventory management and accounts receivable management[14]. - Cash flow from operating activities generated a net amount of CNY 208,545,795.31, an increase from CNY 141,389,079.76 year-over-year, representing a growth of approximately 47.5%[24]. - Cash flow from investing activities resulted in a net outflow of CNY 79,159,760.80, slightly improved from a net outflow of CNY 80,188,428.75 in the previous year[25]. - Cash flow from financing activities generated a net inflow of CNY 1,871,504.43, a significant decrease from CNY 396,790,961.65 in the same period last year[25]. - The ending cash and cash equivalents balance was CNY 536,432,880.45, compared to CNY 555,153,835.79 at the end of the previous year, a decrease of about 3.4%[25]. - The net increase in cash and cash equivalents dropped by 69.08% to ¥129,300,856.86, largely due to the previous year's fundraising from the IPO[14]. - Total assets at the end of the reporting period were ¥1,462,265,891.38, an increase of 5.22% from the end of the previous year[5]. - Total assets increased to CNY 1,462,265,891.38 from CNY 1,389,731,254.08, indicating a growth of approximately 5.2%[20]. Equity and Liabilities - The company’s total equity attributable to shareholders increased by 1.69% to ¥1,114,144,482.32 compared to the previous year[5]. - The company’s equity attributable to shareholders increased to CNY 1,114,144,482.32 from CNY 1,095,670,633.98, reflecting a growth of approximately 1.7%[20]. - Current liabilities rose to CNY 314,475,200.84 from CNY 261,385,326.09, an increase of about 20.3%[20]. - The company experienced a 117.43% increase in short-term borrowings, totaling ¥30,331,958.33[10]. Expenses and Costs - Total operating costs amounted to CNY 829,870,449.05, down from CNY 994,670,186.83, reflecting a reduction of about 16.5%[21]. - Sales expenses rose by 48.22% to ¥89,090,126.28, primarily due to increased advertising costs for the overseas operations team and platform commissions[12]. - Financial expenses decreased by 48.56% to -¥19,959,275.09, attributed to exchange rate changes and RMB depreciation[12]. - Interest income surged by 645.40% to ¥13,091,280.71, mainly due to an increase in bank time deposits[12]. - The company reported a significant increase in interest expenses by 112.64% to ¥2,223,493.46, resulting from increased bank borrowings[12]. - Other income decreased by 52.00% to ¥5,739,623.44, mainly due to changes in government subsidies and tax refunds[12]. Inventory and Research - Inventory levels decreased significantly from CNY 329,169,429.62 to CNY 249,697,731.88, a reduction of about 24%[18]. - Research and development expenses were CNY 38,789,821.24, slightly up from CNY 37,734,314.16, indicating a focus on innovation[21]. Shareholder Information - The company had a total of 11,663 common shareholders at the end of the reporting period[16]. Audit Information - The company did not undergo an audit for the third quarter report[26].
浙江正特(001238) - 2023 Q3 - 季度财报