Vatti(SZ:002035)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥1,551,310,305.74, representing a 6.56% increase year-over-year[5] - Net profit attributable to shareholders was ¥98,605,506.47, a significant increase of 151.55% compared to the same period last year[5] - The basic earnings per share for the quarter was ¥0.1163, reflecting a 151.73% increase year-over-year[5] - Total operating revenue for the current period reached ¥4,430,901,003.95, an increase from ¥4,259,124,854.28 in the previous period, representing a growth of approximately 4.02%[18] - Operating profit for the current period was ¥408,613,968.63, up from ¥342,803,845.20, indicating a growth of approximately 19.19%[19] - Net profit for the current period was ¥361,990,449.49, compared to ¥287,936,849.33 in the previous period, marking an increase of around 25.67%[20] - Basic earnings per share rose to ¥0.4243 from ¥0.3310, representing an increase of approximately 28.14%[20] - The total comprehensive income for the current period was ¥361,990,449.49, compared to ¥287,936,849.33 in the previous period, indicating a growth of approximately 25.67%[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥6,871,178,397.61, showing a 2.56% increase from the end of the previous year[5] - As of September 30, 2023, the total assets of Vatti Corporation amounted to CNY 6,871,178,397.61, an increase from CNY 6,699,400,967.65 at the beginning of the year[16] - The total current liabilities increased slightly to CNY 3,230,204,525.11 from CNY 3,201,314,679.17, indicating a growth of about 0.9%[16] - The total non-current liabilities decreased significantly to CNY 37,664,589.67 from CNY 93,468,333.34, a reduction of approximately 59.8%[16] - The company's total liabilities decreased to CNY 3,267,869,114.78 from CNY 3,294,783,012.51, indicating a decline of about 0.8%[16] - The total owner's equity increased to CNY 3,603,309,282.83 from CNY 3,404,617,955.14, showing a growth of approximately 5.8%[16] Cash Flow - The company reported a net cash flow from operating activities of ¥741,434,213.35, which increased by 15.19% year-to-date[5] - Cash flow from operating activities generated a net amount of ¥741,434,213.35, a significant improvement from a net outflow of ¥4,914,254.53 in the previous period[21] - Cash flow from investing activities resulted in a net outflow of ¥889,357,028.25, compared to a net inflow of ¥161,513,289.01 in the prior period, indicating a shift in investment strategy[21] - Cash flow from financing activities showed a net outflow of ¥182,592,146.83, contrasting with a net inflow of ¥1,113,091.60 in the previous period, reflecting changes in financing activities[21] Investments and Assets Management - The company experienced a 309.79% increase in contract assets, primarily due to an increase in business receivables[9] - The company’s long-term equity investments rose by 36.75%, attributed to recognized investment income from joint ventures[9] - Long-term equity investments rose to CNY 4,700,585.72 from CNY 3,437,365.68, marking an increase of about 36.8%[15] - The company's cash and cash equivalents decreased to CNY 1,288,030,578.14 from CNY 1,632,495,547.00 at the beginning of the year, representing a decline of approximately 21%[14] - The company's inventory decreased to CNY 721,589,162.56 from CNY 771,127,046.67, reflecting a reduction of approximately 6.4%[15] - The company's accounts receivable decreased to CNY 917,345,757.77 from CNY 1,199,788,762.99, a decline of about 23.5%[14] Impairments and Provisions - The company reported a 537.46% increase in credit impairment losses, mainly due to additional provisions for customer bad debts[9] Audit and Compliance - The company has not undergone an audit for the third quarter report, which may impact the perception of financial reliability[22]