伟隆股份(002871) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 was CNY 130,218,365.21, a decrease of 23.59% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 31,951,516.03, down 21.82% year-on-year[5]. - The basic earnings per share for the period was CNY 0.1400, reflecting a decline of 26.32% compared to the previous year[5]. - Total operating revenue for Q3 2023 was CNY 399,097,109.56, a decrease of 1.1% compared to CNY 404,468,288.63 in Q3 2022[26]. - Operating profit for Q3 2023 was CNY 116,633,814.07, down 15.4% from CNY 137,918,140.40 in the same period last year[27]. - Net profit attributable to shareholders of the parent company for Q3 2023 was CNY 94,762,999.50, a decline of 21.1% from CNY 120,018,359.83 in Q3 2022[27]. - The company reported a total comprehensive income of CNY 100,625,930.04 for Q3 2023, down from CNY 117,160,669.24 in the same period last year[27]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,007,335,060.80, an increase of 1.34% from the end of the previous year[5]. - Current liabilities decreased from RMB 209.471 million to RMB 165.673 million, indicating improved liquidity[23]. - The company's equity increased from RMB 168.877 million to RMB 219.540 million, reflecting a successful capital increase strategy[23]. - Total assets as of the end of Q3 2023 were CNY 1,007,335,060.80, compared to CNY 993,967,117.30 at the end of Q3 2022[27]. Cash Flow - The company's cash flow from operating activities for the year-to-date was CNY 99,624,345.55, up 25.70%[5]. - Cash flow from operating activities showed a net cash outflow of 117.48 million, a 381.62% increase in outflow compared to the previous period[11]. - The cash and cash equivalents at the end of the period decreased by 35.86% to 36.31 million, primarily due to reduced funds for financial management[11]. - The net cash flow from investment activities was -135,751,713.29 CNY, compared to -97,636,666.00 CNY in the previous year, indicating a decline of approximately 38.9%[29]. - The total cash inflow from financing activities was 2,002,000.00 CNY, down from 111,988,460.90 CNY year-over-year, representing a decrease of about 98.2%[29]. - The net cash flow from financing activities was -79,529,020.59 CNY, a significant decline from -9,136,546.79 CNY year-over-year[29]. - The cash and cash equivalents at the end of the period were 36,305,735.76 CNY, down from 56,599,834.86 CNY, indicating a decrease of about 36%[29]. - The net increase in cash and cash equivalents was -117,476,064.75 CNY, compared to -24,391,733.86 CNY in the previous year, showing a worsening of approximately 382.5%[29]. Investments and Shareholder Information - The company increased its stake in Qingdao Weilon Marine Technology Co., Ltd. to 59.96% by investing RMB 2.998 million, making it a subsidiary included in the consolidated financial statements[15]. - A cash dividend of RMB 3.00 per 10 shares was distributed to shareholders, totaling RMB 50.663 million, with a capital reserve conversion resulting in an increase of total shares to 219,540,292[15]. - The company approved a guarantee of up to RMB 15 million for its subsidiary Qingdao Weilon Marine Technology Co., Ltd. to secure bank credit[16]. - The company invested USD 2.55 million in its wholly-owned subsidiary Hong Kong Weilon to establish a joint venture with YASTEM in Saudi Arabia, with ownership stakes of 51% and 49% respectively[16]. - The number of ordinary shareholders at the end of the reporting period was 9,163[13]. - The largest shareholder, Fan Qingwei, holds 55.78% of the shares, totaling 122.46 million[13]. Future Plans and Strategies - The company plans to issue convertible bonds and invest in a smart energy-saving valve project as part of its future strategy[14]. - The company plans to focus on market expansion and new product development in the upcoming quarters[28]. - The company revised its convertible bond issuance plan, indicating ongoing efforts to optimize its capital structure[17]. - The company plans to terminate the guarantee for Qingdao Weilon Marine Technology Co., Ltd. following the transfer of its shares, which will no longer be included in the consolidated financial statements[18]. Other Financial Metrics - The weighted average return on equity decreased to 4.18%, down 28.06% from the previous year[5]. - The company experienced a 69.65% reduction in financial expenses, primarily due to decreased exchange gains[9]. - Investment income decreased by 89.49% to 5.06 million, mainly due to a reduction in equity transfers[10]. - Fair value changes resulted in a loss of 19.30 million, a decline of 390.76%, attributed to increased investment income from subsidiaries[10]. - Research and development expenses for Q3 2023 were CNY 16,268,161.44, a decrease of 16.4% from CNY 19,510,433.89 in Q3 2022[26]. - The company did not undergo an audit for the third quarter report[30].