长信科技(300088) - 2023 Q3 - 季度财报

Financial Performance - The company reported a comprehensive income of CNY 355.80 million for the current period, down from CNY 600.24 million in the previous period, indicating a decrease of approximately 40.7%[9]. - Basic earnings per share were CNY 0.1245, compared to CNY 0.2376 in the previous period, showing a decline of about 47.5%[9]. - The net profit attributable to shareholders decreased by 60.67% to ¥85,924,613.86 compared to the same period last year[16]. - The net profit after deducting non-recurring gains and losses was ¥68,846,960.49, down 63.26% year-over-year[16]. - The basic earnings per share decreased by 60.67% to ¥0.0350 compared to the same period last year[16]. - Operating profit decreased to 382.38 million yuan from 684.93 million yuan in the same period last year[51]. - Net profit decreased to 355.72 million yuan from 600.07 million yuan in the same period last year[51]. Assets and Liabilities - Total assets increased to CNY 14.41 billion, up from CNY 13.06 billion year-over-year, representing a growth of approximately 10.3%[6]. - Current assets totaled CNY 5.73 billion, compared to CNY 4.90 billion in the previous year, reflecting an increase of about 17.1%[6]. - Non-current assets totaled CNY 8.68 billion, an increase from CNY 8.17 billion year-over-year, which is a growth of approximately 6.2%[6]. - The total liabilities increased to CNY 4.73 billion from CNY 3.64 billion, reflecting a growth of about 29.9%[6]. - Total liabilities reached ¥5,550,969,499.33, an increase from ¥4,316,570,079.47 in the previous period, indicating a growth of 28.6%[38]. - The company’s total non-current liabilities amounted to ¥816,131,448.39, up from ¥673,933,556.90, representing a rise of 21.1%[38]. Cash Flow - The company’s cash flow from operating activities was not detailed in the provided documents, indicating a need for further analysis[9]. - The company's cash flow from operating activities for the year-to-date period was ¥319,128,903.51, a decrease of 61.16% compared to the same period last year[16]. - The company reported a net cash flow from operating activities of ¥319,128,903.51, a decrease of 61.2% compared to ¥821,705,960.44 in the previous period[41]. - The net cash flow from investing activities was -¥1,459,420,698.98, worsening from -¥701,378,298.12 in the previous period[42]. - Cash obtained from borrowings increased by 116.12% compared to the same period last year, primarily due to increased bank borrowings[44]. Revenue and Expenses - The company's operating revenue for the third quarter reached ¥2,921,329,722.38, representing a 48.66% increase year-over-year[16]. - The company recorded a total revenue of ¥4,411,589,910.81 from sales of goods and services, down from ¥4,580,495,750.10 in the previous period, reflecting a decline of 3.7%[41]. - The company's financial expenses increased by 67.33% year-over-year, mainly due to higher interest expenses and reduced exchange gains[20]. - Income tax expenses decreased by 66.81% compared to the same period last year, mainly due to a reduction in total profit[44]. Investments and Subsidies - The company reported a significant increase in investment income of 223.06%, primarily from increased returns on bank wealth management products[20]. - The company received government subsidies amounting to ¥24,454,295.63 during the reporting period, contributing positively to the financial results[30]. Inventory and Impairment - The company's inventory increased by 49.65% to ¥1,276,574,481.59, attributed to growth in production and sales scale[20]. - Credit impairment losses increased by 23.72 million yuan compared to the same period last year, primarily due to an increase in bad debt provisions for accounts receivable[44]. - Asset impairment losses increased by 13.68 million yuan compared to the same period last year, mainly due to provisions for inventory write-downs[44]. Market Strategy - The company is focusing on expanding its market presence and developing new technologies, although specific figures were not disclosed in the conference call[9].