ST宇顺(002289) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥45,517,430.48, representing a 35.25% increase compared to ¥33,653,855.26 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥245,563.11, a 94.28% improvement from a loss of ¥4,289,985.61 in Q3 2022[8] - The net profit after deducting non-recurring gains and losses was a loss of ¥641,867.38, showing an 87.02% improvement from a loss of ¥4,937,688.40 in the same quarter last year[8] - The basic earnings per share for Q3 2023 was -¥0.0009, a 94.16% improvement from -¥0.0154 in Q3 2022[8] - The weighted average return on equity was -0.10%, an improvement of 1.55% compared to -1.66% in the same period last year[8] - The company reported cash flow from operating activities of ¥1,659,610.67, a 145.06% increase compared to -¥3,683,156.79 in the same period last year[8] - Total operating revenue for the current period reached ¥126,142,756.54, an increase of 14.8% compared to ¥109,751,073.20 in the previous period[28] - The net profit for the current period was ¥4,229,690.49, a significant recovery from a net loss of ¥15,542,697.67 in the previous period[30] - Operating cash flow generated was ¥1,659,610.67, improving from a negative cash flow of -¥3,683,156.79 in the previous period[31] - The company reported a basic earnings per share of ¥0.0151, compared to a loss per share of -¥0.0555 in the previous period[31] - The total profit before tax was ¥4,243,823.38, recovering from a loss of -¥15,932,772.27 in the previous period[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥323,006,369.10, reflecting an 11.36% increase from ¥289,863,265.16 at the end of the previous year[9] - The company's current assets totaled CNY 177,667,504.69, up from CNY 169,719,031.97, indicating an increase of about 4.4%[25] - The accounts receivable increased significantly to CNY 49,189,745.50 from CNY 29,901,047.03, representing a growth of approximately 64.5%[25] - The inventory also rose to CNY 22,039,061.41 from CNY 17,307,554.28, marking an increase of around 27.5%[25] - The total liabilities increased to CNY 71,816,122.09 from CNY 43,105,473.69, which is an increase of approximately 66.6%[26] - The company’s equity attributable to shareholders increased to CNY 251,190,247.01 from CNY 246,960,556.52, reflecting a growth of approximately 1.4%[27] Cash Flow and Investments - The company reported a net cash outflow from investment activities of CNY -2,072,151.90, a significant increase of -1453.51% due to higher renovation and fixed asset investment expenses[14] - The company recorded a net cash outflow from investing activities of -¥2,072,151.90, compared to -¥133,385.32 in the previous period[32] Management and Operational Challenges - The company incurred approximately ¥300,000 in costs related to the relocation of a subsidiary, with concerns raised about the potential loss of over ¥6 million in compensation[5] - The company has faced management challenges, including the absence of a financial director and significant turnover in senior management positions[5] - The company acknowledged the need for a reassessment of its management team due to ongoing operational and financial difficulties[5] Changes in Shareholding - The total number of ordinary shareholders at the end of the reporting period was 10,657[15] - The controlling shareholder changed to Shanghai Fengwang Industrial Co., Ltd., holding 27% of the shares after a transfer of 75,668,508 shares[17] Relocation and Compensation - The company received a relocation compensation of CNY 11,203,797, with 40% (CNY 4,481,518) already received as of January 6, 2023[19] - The company signed a lease agreement for a new production base with an area of 6,500 square meters at a rate of CNY 28 per square meter per month, with a 4% annual increase starting from the second year[20] - The relocation of the main production line was completed by August 14, 2023, with no significant impact on operations reported[21] Other Financial Metrics - The company’s financial expenses decreased by 57.97% to CNY -1,038,498.09, mainly due to increased foreign exchange gains[14] - Research and development expenses decreased to ¥2,660,435.16 from ¥3,357,921.21, indicating a reduction of 20.7%[28] - The company experienced a decrease in sales expenses to ¥4,789,936.75 from ¥4,148,496.21, reflecting a rise of 15.5%[28] - Deferred tax assets increased from $2,107,157.71 to $2,309,922.76 after adjustments, reflecting an increase of $202,765.05[34] - Unappropriated profits adjusted from -$1,754,688,175.17 to -$1,754,485,410.12, indicating a positive adjustment of $202,765.05[34] Audit and Reliability - The third quarter report was not audited, which may impact the reliability of the financial data presented[35]