世龙实业(002748) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 was ¥534,481,937.26, a decrease of 12.98% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥11,487,787.53, down 38.39% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥11,750,243.49, a decrease of 38.85%[5]. - Total operating revenue for the current period is ¥1,545,656,117.52, a decrease of 21.8% from ¥1,977,331,167.36 in the previous period[23]. - Net profit for the current period is ¥2,755,759.02, a significant decline of 97.9% compared to ¥130,326,103.44 in the previous period[25]. - Basic earnings per share decreased to ¥0.0269 from ¥0.5329 in the previous period, reflecting a drop of 95.0%[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,018,349,738.55, representing a decline of 4.78% from the end of the previous year[5]. - As of September 30, 2023, the total assets of Jiangxi Shilong Industrial Co., Ltd. amounted to CNY 2,018,349,738.55, a decrease from CNY 2,119,744,392.08 at the beginning of the year, reflecting a decline of approximately 4.8%[19]. - The company's current assets totaled CNY 697,453,655.41, down from CNY 754,537,518.58, indicating a decrease of about 7.6%[19]. - Total liabilities decreased from CNY 741,236,407.23 to CNY 686,712,414.97, a decline of approximately 7.3%[20]. - The company's equity attributable to shareholders was CNY 1,331,637,323.58, down from CNY 1,341,848,055.16, reflecting a decrease of about 0.8%[21]. Cash Flow - The net cash flow from operating activities increased by 18.35% to ¥88,871,004.49 year-to-date[5]. - Cash flow from operating activities generated a net amount of ¥88,871,004.49, an increase of 18.5% from ¥75,090,005.75 in the previous period[28]. - Cash flow from investing activities resulted in a net outflow of ¥40,947,210.21, an improvement from a net outflow of ¥77,767,346.32 in the previous period[29]. - Cash flow from financing activities yielded a net inflow of ¥20,581,575.77, slightly up from ¥20,219,974.47 in the previous period[29]. - The ending balance of cash and cash equivalents increased to ¥212,660,758.41 from ¥178,557,393.30 in the previous period, marking a rise of 19.1%[29]. Borrowings and Expenses - The company experienced a 58.58% increase in short-term borrowings, totaling ¥176,856,130.28, due to increased working capital needs[9]. - Short-term borrowings increased from CNY 111,527,481.43 to CNY 176,856,130.28, an increase of approximately 58.5%[20]. - Research and development expenses increased to ¥51,253,121.90, up 17.5% from ¥43,599,346.09 in the previous period[24]. - The company reported a decrease in other income by 45.37% to ¥1,353,897.47, primarily due to reduced government subsidies received[12]. - The company reported a tax expense of -¥2,108,469.26, compared to a tax expense of ¥44,167,774.68 in the previous period, indicating a significant change in tax obligations[24]. Inventory and Other Metrics - Inventory decreased significantly from CNY 173,133,046.24 to CNY 126,230,841.21, a reduction of about 27.0%[19]. - Accounts payable decreased from CNY 142,131,257.76 to CNY 116,475,402.87, a reduction of about 18.1%[20]. - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥69,574,780.90, up 235.87% year-on-year[13]. - The company’s investment income was reported at ¥0.00, a 100% increase from a loss of ¥322,992.56 in the previous year, following the cancellation of a subsidiary[12]. - The company has not disclosed any new product developments or market expansion strategies in the current report[17].