凤形股份(002760) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 was ¥149,280,746.27, a decrease of 17.14% compared to the same period last year[5] - The net profit attributable to shareholders was -¥38,814,444.18, representing a decline of 324.59% year-on-year[5] - The net profit after deducting non-recurring gains and losses was -¥50,362,318.23, a decrease of 737.81% compared to the previous year[5] - The basic earnings per share for the period was -¥0.35, down 318.75% from the same period last year[5] - Net profit for Q3 2023 was a loss of ¥17,762,887.61, compared to a profit of ¥45,360,990.82 in the same period last year, marking a significant decline[22] - The company’s total comprehensive income for Q3 2023 was a loss of ¥17,762,887.61, compared to a gain of ¥45,360,990.82 in Q3 2022[22] - The basic and diluted earnings per share for Q3 2023 were both -¥0.16, compared to ¥0.42 in the same period last year[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,566,963,665.31, a decrease of 11.70% from the end of the previous year[5] - As of September 30, 2023, total assets amounted to RMB 1,566,963,665.31, a decrease from RMB 1,774,630,442.01 at the beginning of the year, reflecting a decline of approximately 11.7%[18] - Current assets decreased to RMB 941,165,292.69 from RMB 1,089,857,635.52, representing a reduction of about 13.6%[18] - Total liabilities decreased to RMB 618,838,643.89 from RMB 787,144,791.78, indicating a reduction of about 21.4%[19] - Current liabilities were reduced to RMB 328,293,843.66 from RMB 450,470,300.90, a decrease of approximately 27.1%[19] - The company's equity attributable to shareholders decreased to RMB 948,125,021.42 from RMB 987,485,650.23, reflecting a decline of about 4.0%[19] Cash Flow - The company reported a net cash flow from operating activities of -¥20,349,729.82, a decline of 282.31% compared to the previous year[12] - Operating cash flow for Q3 2023 was negative at ¥20,349,729.82, down from a positive cash flow of ¥11,162,098.10 in Q3 2022[23] - Cash and cash equivalents at the end of Q3 2023 totaled ¥381,371,700.68, down from ¥455,619,104.61 at the end of Q3 2022, a decrease of 16.3%[24] - The company experienced a cash outflow from financing activities of ¥84,529,032.92 in Q3 2023, compared to an inflow of ¥77,404,401.11 in Q3 2022[24] Expenditures and Investments - The company recorded a significant increase of 925.39% in development expenditures, totaling ¥6,069,401.88, attributed to increased investment in ongoing projects[10] - Research and development expenses for Q3 2023 were ¥20,817,257.33, slightly down from ¥22,098,110.21 in Q3 2022[21] Financial Adjustments - The company reported a significant increase in financial expenses, with interest expenses rising to ¥7,917,801.12 from ¥7,464,429.54 year-over-year[21] - The company received government subsidies totaling ¥13,768,803.44 during the reporting period, contributing to its non-recurring gains[7] Changes in Accounting and Reporting - The third quarter report of Fengxing Co., Ltd. is unaudited[25] - The new accounting standards were first implemented in 2023, affecting the financial statements from the beginning of the year[25] - The board of directors of Fengxing Co., Ltd. announced the report on October 28, 2023[25]