TOPWAY(SZ:002238)2023-10-25 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥308,478,065.81, a decrease of 8.32% compared to the same period last year[14]. - The net profit attributable to shareholders for Q3 2023 was ¥16,227,220.99, down 10.86% year-on-year[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,671,730.45, a decline of 36.64% compared to the previous year[14]. - Total operating revenue for the current period is $930.35 million, down from $1,039.29 million in the previous period, representing a decrease of approximately 10.5%[68]. - Total operating costs decreased to $903.03 million from $991.21 million, a reduction of about 8.9%[68]. - Operating profit increased to $72.60 million from $68.78 million, reflecting a growth of approximately 2.4%[69]. - Net profit for the current period is $72.09 million, compared to $69.26 million in the previous period, marking an increase of about 4.0%[69]. - Basic and diluted earnings per share are both $0.0988, up from $0.0912 in the previous period, indicating an increase of approximately 6.6%[70]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period reached ¥300,276,559.05, an increase of 52.41% year-on-year[14]. - The company reported cash inflow from operating activities of CNY 1,207,849,498.09, a decrease of 2.3% compared to CNY 1,234,243,564.96 in the previous period[36]. - The net cash flow from operating activities increased to CNY 300,276,559.05, up from CNY 197,021,769.19 in the previous period, representing a growth of 52.5%[36]. - Cash outflow from investing activities totaled CNY 1,083,282,513.61, slightly down from CNY 1,113,417,545.54 in the previous period[37]. - The net cash flow from investing activities was negative at CNY -581,597,441.80, worsening from CNY -342,712,058.79 in the previous period[37]. - Cash inflow from financing activities was CNY 246,639,462.22, an increase from CNY 199,997,147.97 in the previous period[37]. - The net cash flow from financing activities decreased to CNY -66,755,672.47, compared to CNY 86,207,350.47 in the previous period[37]. - The company's cash and cash equivalents at the end of the period stood at CNY 711,289,145.39, down from CNY 714,600,113.76 in the previous period[37]. - Cash and cash equivalents decreased by 30.99% to ¥779,838,612.23 from ¥1,130,003,522.17 due to increased structured deposits and loan repayments[43]. - The total current assets decreased from approximately ¥1.57 billion to ¥1.47 billion, indicating a reduction of about 6.1%[58]. - The total assets at the end of Q3 2023 amounted to ¥4,088,795,118.43, reflecting a growth of 1.31% from the end of the previous year[14]. - The total liabilities increased from approximately ¥1.67 billion to ¥1.73 billion, reflecting an increase of about 3.7%[59]. - The company reported a total equity of approximately ¥2.36 billion, slightly down from ¥2.37 billion[59]. Investments and Expenses - Cash paid for the acquisition of fixed assets and other long-term assets rose by 232.25% to ¥403,902,513.61 from ¥121,567,545.54, primarily for IDC data center construction[44]. - Research and development expenses decreased to $31.63 million from $35.34 million, a decline of about 10.0%[69]. - Sales expenses increased to $67.00 million from $61.89 million, an increase of approximately 8.5%[69]. - Management expenses rose to $168.12 million from $157.43 million, reflecting an increase of about 6.8%[69]. - Other income increased significantly to $50.89 million from $28.05 million, representing an increase of approximately 81.5%[69]. - The company reported a 253.56% increase in interest expenses to ¥8,712,324.77 from ¥2,464,160.92, attributed to higher loan interest[43]. Corporate Developments - The company plans to apply for a total credit limit of up to ¥2 billion from banks to support its business operations[21]. - The company has completed the registration of Shenzhen Broadcasting Network Co., Ltd. on May 24, 2023, to integrate its cable business assets[23]. - The company appointed a new board secretary, Wang Xiaoqin, following the resignation of the previous secretary, Lin Yang, on September 20, 2023[27]. - The company has appointed a new financial director, Mr. Han Zhenghui, as of September 22, 2023[55]. - The company has completed the legal representative change procedures as of September 22, 2023, with Mr. Zhang Yumin now serving as the chairman[53]. - The company will integrate existing cable broadcasting businesses and establish a subsidiary with the combined assets and liabilities[50]. - The company has been authorized to issue up to ¥300 million in stock to specific investors, not exceeding 20% of the latest year's net assets[51]. Rental and Lease Activities - The company is negotiating with existing tenants to re-sign lease agreements and is looking to attract new tenants for vacant properties after terminating the lease with Meidecheng[25]. - The total rental income for the first year is approximately ¥29.07 million, with a monthly rental price of ¥124.67 per square meter[52]. - The rental income for the second year is projected to increase by 6% to approximately ¥41.09 million, with a monthly rental price of ¥132.15 per square meter[52].