ST升达(002259) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥193,363,286.68, a decrease of 65.24% compared to the same period last year[5] - Net profit attributable to shareholders was ¥8,861,789.42, an increase of 163.02% year-on-year[5] - The net profit excluding non-recurring gains and losses was ¥4,799,314.48, a decrease of 72.34% compared to the previous year[5] - Basic earnings per share were ¥0.0118, reflecting a 163.10% increase year-on-year[5] - The company experienced a 56.07% decline in operating revenue year-to-date, totaling ¥602,133,834.37, attributed to market downturns and changes in subsidiary operations[10] - Total operating revenue for Q3 2023 was CNY 602,133,834.37, a decrease from CNY 1,370,802,916.73 in the same period last year, representing a decline of approximately 56.1%[24] - Net profit for Q3 2023 was CNY 23,978,072.81, a significant improvement compared to a net loss of CNY 72,778,074.15 in Q3 2022[25] - The operating profit for Q3 2023 was CNY 47,188,105.33, a substantial increase from CNY 12,685,138.46 in Q3 2022[25] - Total revenue for the third quarter was CNY 670,357,692.68, a decrease from CNY 1,557,997,206.32 in the same period last year, representing a decline of approximately 57.0%[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥930,684,646.25, a decrease of 4.04% from the end of the previous year[5] - Total liabilities decreased to CNY 646,886,842.70 from CNY 721,581,295.58, marking a reduction of about 10.4%[22] - The equity attributable to shareholders of the parent company increased to CNY 271,425,627.95 from CNY 240,795,956.52, showing an increase of approximately 12.7%[22] Cash Flow - The company's cash and cash equivalents as of September 30, 2023, amount to ¥233,802,534.40, an increase from ¥217,218,237.59 at the beginning of the year[19] - Net cash flow from operating activities was CNY 87,145,752.25, down from CNY 126,191,008.31 year-over-year, indicating a decrease of about 30.9%[26] - The company experienced a net increase in cash and cash equivalents of CNY 17,241,809.84 during the quarter, compared to an increase of CNY 115,634,326.66 in the same period last year[27] Accounts Receivable and Inventory - Accounts receivable decreased by 47.75% to ¥8,115,962.45 due to the recovery of prior payments[10] - Accounts receivable decreased to ¥8,115,962.45 from ¥15,533,006.20[19] - Inventory as of September 30, 2023, is ¥20,000,221.19, slightly down from ¥20,366,180.67[19] Credit and Impairment - The company reported a significant increase in credit impairment losses, which rose by 1756.34% to ¥12,484,813.50, primarily due to the recovery of prior payments[10] - The company reported a credit impairment loss of CNY 12,484,813.50, compared to CNY 672,550.79 in the previous year, indicating a significant increase in credit risk[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,890[12] - The largest shareholder, Huabao Trust Co., holds 28.33% of shares, totaling 213,115,525 shares[12] Future Outlook and Strategic Initiatives - Future outlook includes potential market expansion and new product development strategies to enhance revenue streams and mitigate risks associated with declining sales[24] - The company is actively addressing issues related to the former controlling shareholder's fund occupation and guarantee violations[14] - The company disclosed the recovery of state-owned land use rights for its wholly-owned subsidiary[18] - The company is preparing for litigation related to securities false statements and other disputes[15] Accounting and Reporting - The company has not undergone an audit for the third quarter report[28] - The report indicates that the company is implementing new accounting standards starting from 2023[28]