金龙机电(300032) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 was ¥623,137,755.61, a decrease of 44.48% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥18,098,866.85, representing a decline of 249.13% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥21,044,022.07, down 268.01% from the previous year[5]. - The operating cash flow net amount was -¥156,723,219.48, a decrease of 221.12% compared to the same period last year[5]. - Total operating revenue for the current period is ¥2,266,194,871.17, a decrease of approximately 15.9% from ¥2,697,493,416.68 in the previous period[25]. - Net profit for the current period is -¥4,991,938.87, compared to a net profit of ¥25,992,715.07 in the previous period, indicating a significant decline[26]. - Operating profit for the current period is ¥3,372,368.54, down 91.4% from ¥39,275,209.99 in the previous period[26]. - The total comprehensive income for the current period is -¥5,512,479.81, a significant drop from ¥26,167,352.71 in the previous period[27]. Cash Flow - The net cash flow from operating activities for Q3 2023 was -¥156,723,219.48, compared to ¥129,396,108.68 in Q3 2022, indicating a significant decline[29]. - Cash received from investment decreased by 53.84% to ¥332.99 million, due to reduced rolling purchases of financial products compared to last year[11]. - The total cash inflow from investment activities was ¥349,422,164.83, down from ¥800,250,757.02 in the previous year, reflecting a decrease of approximately 56.3%[29]. - The net cash flow from investment activities was -¥153,233,582.63, worsening from -¥99,845,075.43 year-over-year[29]. - The net cash flow from financing activities was ¥53,746,609.11, a recovery from -¥36,271,389.04 in Q3 2022[29]. - The cash and cash equivalents net decrease for Q3 2023 was -¥252,706,410.76, contrasting with a slight increase of ¥2,262,196.98 in Q3 2022[29]. Assets and Liabilities - Total assets at the end of Q3 2023 were ¥2,454,530,299.16, down 23.86% from the end of the previous year[5]. - The company's cash and cash equivalents decreased by 74.43% to ¥89,874,578.85 due to reduced cash flow from operating and investing activities[9]. - Total current assets decreased to CNY 1,014,901,317.51 from CNY 1,864,932,256.86 at the beginning of the year, reflecting a significant reduction[22]. - Total liabilities decreased to CNY 1,288,790,499.72 from CNY 2,052,585,834.86, a reduction of about 37.1%[23]. - Accounts payable decreased by 54.76% to ¥609.71 million due to reduced material procurement compared to Q4 2022[10]. - Tax payable decreased by 58.78% to ¥6.15 million, attributed to reduced VAT and corporate income tax from subsidiaries[10]. Investments and Expenditures - Development expenditures surged by 352.24% to ¥9,637,858.50, reflecting increased R&D investment in motors and electronic atomizers[9]. - The company acquired land use rights for CNY 76.2 million for the construction of a production base in Dongguan[22]. - The company has completed the sale of idle assets, receiving a total of RMB 48 million from the sale of certain properties and land use rights[18]. - The company is actively pursuing land use rights and external investment opportunities through its subsidiaries[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,994, with the largest shareholder holding 16.49% of the shares[14]. - The largest shareholder, Hebei Ningrui Woge Enterprise Management Consulting Co., Ltd., holds 132,426,713 shares, representing 16.49% of the total shares[14]. - The company has no preferred shareholders with restored voting rights as of the reporting date[16]. Other Financial Metrics - Financial expenses rose by 197.43% to ¥4.49 million, primarily due to decreased foreign exchange gains compared to the same period last year[10]. - Investment income plummeted by 97.26% to ¥456.65 thousand, as there were no corresponding interest revenues from time deposits this period[10]. - Research and development expenses for the current period are ¥75,103,066.45, a decrease of 24.0% from ¥98,754,892.72 in the previous period[25]. - The company reported a basic and diluted earnings per share of ¥0.0060, down from ¥0.0315 in the previous period[27]. Tax and Accounting - The company received government subsidies amounting to ¥2,869,198.99 during the reporting period, contributing to its financial performance[6]. - Income tax expenses decreased by 51.78% to ¥6.68 million, reflecting the presence of recoverable losses in some subsidiaries[11]. - Deferred tax assets increased from ¥28,186,035.98 to ¥29,331,189.11, reflecting an increase of ¥1,145,153.13 due to accounting adjustments[31]. - The company has not undergone an audit for the Q3 2023 report, which may affect the reliability of the financial data presented[32]. - The company is implementing new accounting standards effective from January 1, 2023, which may impact future financial reporting[30].