联诚精密(002921) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was CNY 267.74 million, a decrease of 10.12% year-on-year, and for the year-to-date period, it was CNY 849.15 million, down 9.97% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 was CNY 10.04 million, an increase of 188.04% year-on-year, while the year-to-date net profit was CNY 82.93 million, a decrease of 70.47% compared to the previous year[5]. - The company reported a basic and diluted earnings per share of CNY 0.0793 for Q3 2023, representing a 250.88% increase year-on-year[5]. - The company reported a net profit attributable to shareholders of ¥8,293,265.84, a decrease of 70.47% from ¥28,080,967.56 in the previous year[16]. - The net profit for Q3 2023 was CNY 9,307,484.42, a decrease of 75.1% compared to CNY 37,038,349.23 in Q3 2022[28]. - Operating profit for Q3 2023 was CNY 1,865,965.61, down from CNY 47,048,534.90 in the same period last year[28]. - The total revenue from operating activities was CNY 878,081,216.65, a decline of 15.1% compared to CNY 1,034,133,363.92 in Q3 2022[30]. - The company reported a total comprehensive income of CNY 11,751,938.49 for Q3 2023, down from CNY 44,697,661.03 in Q3 2022[29]. - The basic and diluted earnings per share for Q3 2023 were CNY 0.0652, a decrease from CNY 0.2211 in the same quarter last year[29]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was CNY 73.67 million, an increase of 14.44% year-on-year[5]. - Cash flow from operating activities decreased by 35.99% to ¥22,940,290.20, mainly due to reduced export tax refunds[17]. - Cash received from investment recovery skyrocketed by 1026.41% to ¥139,620,655.34, primarily due to ongoing securities investments[17]. - Investment activities resulted in a net cash outflow of CNY 197,988,019.81, compared to a net outflow of CNY 376,761,203.63 in the previous year[32]. - Financing activities generated a net cash inflow of CNY 58,499,399.33, a significant decrease from CNY 337,748,365.40 in Q3 2022[32]. Assets and Liabilities - Total assets at the end of Q3 2023 were CNY 2.24 billion, a decrease of 1.23% from the end of the previous year[5]. - As of September 30, 2023, total assets amounted to RMB 2,237,358,838.67, a decrease from RMB 2,265,194,005.54 at the beginning of the year[25]. - Total liabilities increased to RMB 1,045,427,818.08 from RMB 992,300,721.23 at the beginning of the year[25]. - The company's cash and cash equivalents decreased to RMB 223,132,616.47 from RMB 245,569,078.08 since the beginning of the year[23]. - Inventory levels decreased to RMB 301,760,734.08 from RMB 376,175,876.54, indicating a reduction of approximately 19.8%[24]. - Non-current assets increased to RMB 1,210,663,111.98 from RMB 1,149,672,964.13, showing growth of about 5.3%[25]. - Short-term borrowings rose to RMB 440,178,636.50 from RMB 386,494,312.06, an increase of approximately 13.9%[25]. - The company's retained earnings decreased to RMB 204,795,719.72 from RMB 241,299,216.07, a decline of about 15.1%[25]. Acquisitions and Investments - The company completed the acquisition of 100% equity in Shandong Sanqi Auto Parts Co., Ltd., which contributed to a 37.54% increase in intangible assets[13]. - The company completed a 100% acquisition of Shandong Sanqi Auto Parts Co., resulting in a significant increase in other income by 3817.87% to ¥13,831,561.15[16]. - The company completed the acquisition of 100% equity in Shandong Sanqi Auto Parts Co., Ltd. for RMB 75.89 million, with the registration completed by September 16, 2023[21]. - The company’s investment in trading financial assets increased significantly by 2762.89% due to the use of idle funds for securities investment[13]. Expenses and Financial Charges - Tax and additional charges increased by 30.21% to ¥6,814,419.49 compared to ¥5,233,579.66 in the same period last year[16]. - Financial expenses surged by 176.05% to ¥26,653,161.83 due to decreased exchange gains from currency fluctuations[16]. - Interest income rose by 43.44% to ¥3,448,567.54, attributed to increased interest from acceptance deposits[16]. - Investment income increased by 203.06% to ¥7,360,439.05, driven by higher returns from securities investments and large deposits from non-public offerings[16]. - Research and development expenses increased to CNY 21,651,590.17 from CNY 20,233,782.98, reflecting a growth of 7.0%[28]. Operational Focus - The company is focusing on information technology, automation, and intelligent upgrades to reduce internal losses and improve production efficiency[12]. - The company's gross profit margin was affected by a decrease in sales of high-margin hydraulic parts due to weak demand from engineering machinery customers[11].