FDM(002196)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 611,455,259.57, a decrease of 0.64% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 reached CNY 60,175,246.46, representing a significant increase of 5,663.66% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was CNY 6,255,590.31, up 344.88% from the previous year[5]. - The gross profit margin improved by approximately 2.68% year-on-year due to better product mix and increased sales of flat wire motors and high-voltage motors[6]. - The basic earnings per share for Q3 2023 were CNY 0.1197, reflecting a substantial increase of 5,800.00% compared to the same period last year[5]. - Total operating revenue for the current period is ¥1,627,208,256.32, a decrease of 3.4% from ¥1,684,647,330.68 in the previous period[24]. - Operating profit for the current period is ¥87,250,216.75, compared to a loss of ¥9,350,533.67 in the previous period[25]. - Net profit for the current period is ¥86,835,250.92, a significant recovery from a loss of ¥8,539,182.94 in the previous period[26]. - Earnings per share for the current period is ¥0.1731, compared to a loss of ¥0.0120 in the previous period[26]. Cash Flow and Liquidity - The cash flow from operating activities for the first nine months of 2023 was CNY 162,655,118.00, an increase of 972.63% compared to the same period last year[5]. - The company's cash and cash equivalents increased by 45.37% to ¥469,601,656.16, primarily due to the recovery of receivables and increased government subsidies[14]. - The net cash flow from operating activities surged by 972.63% to ¥162,655,133.10, driven by the recovery of receivables and government subsidies[15]. - The net cash flow from operating activities for Q3 2023 was ¥162,655,133.10, a significant improvement compared to a negative cash flow of ¥18,639,554.78 in Q3 2022[29]. - The total cash and cash equivalents at the end of Q3 2023 amounted to ¥306,897,519.14, an increase from ¥230,255,022.03 at the end of Q3 2022[30]. - The net increase in cash and cash equivalents for the quarter was ¥91,315,070.84, contrasting with a decrease of ¥115,554,412.72 in Q3 2022[30]. Assets and Liabilities - Total assets as of the end of Q3 2023 were CNY 3,808,147,124.55, a decrease of 0.21% compared to the end of the previous year[5]. - The company's current assets totaled CNY 1,859,184,348.34, down from CNY 2,058,369,667.63 at the start of the year, indicating a decrease of approximately 9.66%[21]. - The total liabilities of the company were CNY 2,421,494,093.15, down from CNY 2,549,283,614.00, showing a reduction of about 5.03%[22]. - The company's equity attributable to shareholders increased by 10.80% year-on-year, reaching CNY 1,238,106,022.00[5]. - The company's equity attributable to shareholders increased to CNY 1,371,851,726.41 from CNY 1,238,106,022.00, marking an increase of approximately 10.8%[22]. Investments and Expenses - The company received R&D subsidies of CNY 50 million during the first nine months of 2023, contributing to the significant growth in net profit[5]. - Investment income increased by 88.20% to ¥20,895,704.88, attributed to higher returns from associated companies[15]. - Research and development expenses for the current period are ¥115,282,853.46, down from ¥125,893,310.87 in the previous period[25]. - Sales expenses increased by 50.49% to ¥21,038,773.48, mainly due to higher salaries for sales personnel[15]. Challenges and Future Outlook - The company faced challenges in the new energy vehicle motor business, resulting in overall revenue not meeting expectations, but managed to achieve profitability through product structure improvements[6]. - The company plans to continue focusing on market expansion and new product development to drive future growth[26].