Mentech(SZ:002902)2023-10-29 16:00Financial Performance - The company's revenue for Q3 2023 was ¥438,225,935.72, a decrease of 28.35% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥45,777,793.01, representing a decline of 416.24% year-on-year[5]. - Total operating revenue for Q3 2023 was ¥1,555,685,412.48, a decrease of 9.65% compared to ¥1,721,643,503.95 in the same period last year[26]. - Net profit attributable to shareholders of the parent company for Q3 2023 was -¥36,745,967.55, compared to a profit of ¥56,490,110.82 in the same period last year[28]. - The company reported a comprehensive loss of -¥41,531,026.30 for Q3 2023, compared to a comprehensive income of ¥54,030,738.95 in the previous year[28]. - Basic and diluted earnings per share for Q3 2023 were both -¥0.1738, compared to ¥0.2690 in the same period last year[28]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥38,506,039.23, an increase of 138.55% compared to the previous year[15]. - The net cash flow from operating activities for Q3 2023 was ¥38,506,039.23, a significant improvement compared to a net outflow of ¥99,882,997.22 in the same period last year[30]. - Total cash outflow from operating activities amounted to ¥1,446,443,465.08, down from ¥1,550,973,892.25 in Q3 2022[30]. - The net cash flow from investing activities was -¥61,806,049.66, an improvement from -¥120,823,683.01 in Q3 2022[30]. - Cash inflow from financing activities totaled ¥565,633,834.69, compared to ¥671,999,101.29 in the previous year[30]. - The net cash flow from financing activities was ¥19,485,259.68, a decrease from ¥196,319,146.75 in Q3 2022[30]. - The ending balance of cash and cash equivalents was ¥160,272,391.28, compared to ¥134,715,419.47 at the end of Q3 2022[30]. Assets and Liabilities - The total assets as of September 30, 2023, were ¥2,748,276,226.72, down 4.96% from the end of the previous year[5]. - The company's total assets as of September 30, 2023, amount to CNY 2,748,276,226.72, a decrease from CNY 2,891,689,810.75 at the beginning of the year[22]. - Current assets total CNY 1,711,965,440.40, down from CNY 1,860,733,109.42 at the start of the year[23]. - The company's total equity decreased to ¥1,067,013,950.24 from ¥1,111,463,968.78, a decline of 3.97%[24]. - The total liabilities decreased to ¥1,681,262,276.48 from ¥1,780,225,841.97, a reduction of 5.56%[24]. - The company’s total liabilities increased, with short-term borrowings rising by 40.07% to ¥392,615,218.20[10]. - Short-term borrowings increased to CNY 392,615,218.20 from CNY 280,308,580.28[23]. - The long-term borrowings increased to ¥117,000,000.00 from ¥51,000,000.00, indicating a significant rise of 129.41%[24]. Expenses - The company reported a significant increase in sales expenses, which rose by 81.43% to ¥69,579,809.04, primarily due to increased advertising expenditures[12]. - The financial expenses surged by 7412.68% to ¥18,929,867.43, mainly due to foreign exchange losses and increased interest expenses[12]. - R&D expenses increased to ¥101,873,299.15, up 28.4% from ¥79,417,597.86 in the previous year[27]. - The company reported a total payment of ¥283,775,733.59 to employees, slightly down from ¥294,718,485.30 in the previous year[30]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 80,473[17]. - The largest shareholder, Yang Xianjin, holds 36.17% of shares, amounting to 76,502,422 shares, with 11,800,000 shares pledged[17]. - The company reported a total of 15,993,819 unrestricted shares held by the largest shareholder, Yang Xianjin[18]. Inventory and Receivables - Inventory as of September 30, 2023, is CNY 562,869,019.11, a decrease from CNY 578,305,517.41[23]. - Accounts receivable decreased to CNY 629,542,816.04 from CNY 693,868,807.89[22]. Reporting and Standards - The company did not undergo an audit for the Q3 report[31]. - The report was released on October 30, 2023, and is the first to apply the new accounting standards[31].