ELECSPN(002935)2023-10-25 16:00Financial Performance - The company's revenue for Q3 2023 was ¥225,455,833.71, representing a 35.99% increase year-over-year[5] - Net profit attributable to shareholders decreased by 40.87% to ¥5,543,491.42 in Q3 2023, and by 47.02% to ¥23,449,983.40 for the year-to-date[5] - The basic earnings per share for Q3 2023 was ¥0.0158, down 40.81% compared to the same period last year[5] - Total operating revenue for Q3 2023 reached CNY 642,452,131.60, an increase of 15.5% compared to CNY 556,146,758.59 in Q3 2022[18] - Net profit for Q3 2023 was CNY 23,449,983.40, a decrease of 47.2% from CNY 44,265,110.94 in Q3 2022[19] - Basic earnings per share for Q3 2023 were CNY 0.0648, down from CNY 0.1259 in the same period last year[19] Assets and Liabilities - Total assets increased by 3.51% to ¥2,664,538,838.44 compared to the end of the previous year[5] - As of September 30, 2023, total assets amounted to CNY 2,664,538,838.44, an increase from CNY 2,574,137,690.02 at the beginning of the year[15] - Current assets totaled CNY 2,343,638,667.94, up from CNY 2,259,630,446.33 at the start of the year, driven by an increase in accounts receivable[15] - Total liabilities reached CNY 1,168,480,133.95, compared to CNY 1,072,684,020.95 at the beginning of the year, indicating a rise of 8.8%[16] - The company's equity attributable to shareholders was CNY 1,496,058,704.49, slightly down from CNY 1,501,453,669.07[16] Cash Flow - The net cash flow from operating activities was -¥135,784,993.07, a decline of 48.11% year-over-year[10] - Cash flow from operating activities showed a net outflow of CNY 135,784,993.07, compared to a net outflow of CNY 91,677,970.59 in Q3 2022[20] - The company reported a decrease in cash and cash equivalents to CNY 578,592,720.80 from CNY 787,525,448.77, a decline of 26.5%[15] - Cash and cash equivalents at the end of Q3 2023 totaled CNY 578,592,720.80, down from CNY 478,609,556.42 at the end of Q3 2022[21] Accounts Receivable and Inventory - Accounts receivable rose by 48.88% to ¥837,818,227.44, primarily due to a decrease in sales collection rate[8] - Accounts receivable rose to CNY 837,818,227.44 from CNY 562,759,368.62, reflecting a significant increase of 48.8%[15] - Inventory increased to CNY 728,280,013.11 from CNY 583,283,944.44, marking a growth of 24.9%[15] Expenses - Management expenses increased by 30.09% to ¥62,577,673.39, mainly due to stock incentive cost amortization[9] - Research and development expenses for Q3 2023 were CNY 35,071,793.53, a decrease of 12.3% from CNY 40,035,975.31 in Q3 2022[18] - Sales expenses increased to CNY 39,320,215.84, up 19.0% from CNY 33,038,295.00 in the previous year[18] - The company reported a significant increase in tax expenses, which rose to CNY 4,539,576.38 from CNY 1,412,237.99 in Q3 2022[18] - The company reported a significant increase in tax and additional charges by 221.45% to ¥4,539,576.38, attributed to increased VAT payable[9] Shareholder Information - The number of common shareholders at the end of the reporting period was 20,070[12] - The largest shareholder, China Electronics Technology Group Corporation No. 10 Research Institute, holds a 40.03% stake[12] Other Information - The company experienced a 124.44% decrease in net cash flow from investing activities, totaling -¥32,463,430.73, due to no investment recoveries during the period[10] - The weighted average return on net assets was 0.37%, down 0.30% from the previous year[5] - Short-term borrowings and other liabilities were not specified, but current liabilities totaled CNY 1,107,880,649.80, an increase from CNY 1,022,923,028.59[16] - The company has not disclosed any new product launches or market expansion strategies in the current report[22]