SCIYON(SZ:002380)2023-10-26 16:00Financial Performance - The company's revenue for Q3 2023 was ¥307,897,493.66, a decrease of 8.74% compared to the same period last year[5]. - Net profit attributable to shareholders increased by 33.76% to ¥46,937,080.29 for Q3 2023, while year-to-date net profit rose by 45.14% to ¥90,451,981.75[5]. - The basic earnings per share for Q3 2023 was ¥0.1956, reflecting a growth of 33.77% year-on-year[5]. - Total operating revenue for Q3 2023 reached ¥1,000,552,399, an increase of 11.2% compared to ¥899,942,881.64 in Q3 2022[19]. - Net profit for Q3 2023 was ¥88,448,980.84, representing a significant increase of 48.3% from ¥59,700,837.55 in Q3 2022[21]. - The total revenue attributable to the parent company for Q3 2023 was ¥90,451,981.75, an increase from ¥62,321,710.59 in Q3 2022, representing a growth of approximately 45%[22]. - Basic and diluted earnings per share for Q3 2023 were both ¥0.3769, compared to ¥0.2597 in the same period last year, reflecting a year-over-year increase of about 45%[22]. Assets and Liabilities - Total assets at the end of Q3 2023 reached ¥3,109,901,950.55, representing a 4.87% increase from the end of the previous year[5]. - The company's total assets increased to ¥3,109,901,950.55, compared to ¥2,965,570,404.98 in the previous year, marking a growth of 4.8%[18]. - The total liabilities decreased slightly to ¥1,286,111,831.82 from ¥1,296,450,871.77, a reduction of 0.3%[18]. - The equity attributable to shareholders of the parent company rose to ¥1,886,113,463.61, up from ¥1,725,859,590.52, indicating an increase of 9.3%[18]. Cash Flow - The cash flow from operating activities for the year-to-date period increased by 268.79% to ¥25,454,705.86[9]. - Net cash flow from operating activities for Q3 2023 was ¥25,454,705.86, a significant improvement from a negative cash flow of ¥15,080,488.63 in Q3 2022[22]. - Cash inflow from operating activities totaled ¥777,312,828.35, while cash outflow was ¥751,858,122.49, indicating a healthy operational cash generation[22]. - The company reported a net cash flow from investing activities of -¥173,344,919.90 in Q3 2023, a decrease from a positive cash flow of ¥63,503,223.00 in the same period last year[23]. - Cash inflow from financing activities was ¥93,574,375.89, while cash outflow was ¥46,649,078.67, resulting in a net cash flow from financing activities of ¥46,925,297.22[23]. - The ending balance of cash and cash equivalents as of Q3 2023 was ¥121,519,927.10, down from ¥203,428,747.24 at the end of Q3 2022[23]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 40,934[10]. - The company’s major shareholders include Liu Guoyao, Hu Shemei, and Liu Jianyao, collectively holding 51.06% of the shares, indicating strong insider ownership[12]. Legal Matters - The company is involved in ongoing litigation regarding a savings deposit contract dispute with Shanghai Pudong Development Bank, with the case currently under review by the court[14]. - The company has initiated a lawsuit to protect shareholder interests, demonstrating a proactive approach to legal challenges[14]. Operational Insights - The company experienced a 68.08% increase in trading financial assets compared to the beginning of the period, attributed to increased investment amounts[9]. - The company’s financial expenses decreased by 76.85% compared to the same period last year, primarily due to reduced interest expenses from loan repayments[9]. - The company’s strategic focus includes maintaining liquidity while managing asset growth effectively, as evidenced by the changes in current assets and cash reserves[16]. - Research and development expenses for Q3 2023 were ¥97,758,188.45, compared to ¥80,712,589.33 in Q3 2022, reflecting a growth of 21.1%[19]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[21]. Current Assets - As of September 30, 2023, the total current assets amounted to CNY 2,354,527,985.55, an increase from CNY 2,292,768,129.81 at the beginning of the year, reflecting a growth of approximately 2.7%[16]. - Cash and cash equivalents decreased to CNY 379,109,629.41 from CNY 483,038,375.68, indicating a decline of about 21.5%[16]. - Accounts receivable increased to CNY 685,305,334.71 from CNY 578,194,953.71, representing a growth of approximately 18.5%[16]. - Inventory levels rose to CNY 670,754,305.06 from CNY 651,957,434.93, showing an increase of around 2.0%[16]. - The company’s total receivables, including notes and accounts, reflect a robust collection strategy, with total receivables at CNY 874,979,330.41[16]. Management and Oversight - The company is under the leadership of Chairman Liu Guoyao, with financial oversight by Zhao Wenqing[25]. - The third quarter report has not been audited[24].