ZEMIC(SZ:300114)2023-10-24 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥352,976,127.59, a decrease of 31.10% compared to the same period last year[3] - The net profit attributable to shareholders was a loss of ¥1,586,861.84, representing a decline of 102.27% year-on-year[3] - Total operating revenue for Q3 2023 was CNY 1,225,836,521.32, a decrease of 15.7% compared to CNY 1,453,938,840.04 in the same period last year[16] - Net profit for Q3 2023 was CNY 99,283,470.59, a decline of 49.5% from CNY 196,327,135.42 in Q3 2022[17] - The company reported a total profit of CNY 102,050,908.60 for Q3 2023, down from CNY 217,390,934.00 in the same period last year[17] Earnings and Expenses - The company's basic earnings per share for Q3 2023 was -¥0.0027, a decrease of 102.37% year-on-year[4] - Earnings per share for Q3 2023 was CNY 0.17, compared to CNY 0.33 in the same quarter last year[17] - Research and development expenses for Q3 2023 were CNY 105,446,529.14, down from CNY 120,423,064.95 in Q3 2022, a decrease of 12.4%[16] - Tax expenses for Q3 2023 were CNY 2,767,438.01, significantly lower than CNY 21,063,798.58 in Q3 2022[17] - Income tax expenses decreased by 86.86% year-on-year, attributed to an increase in deductible R&D expenses and a decrease in total profit, leading to reduced income tax provisions[9] Cash Flow - The net cash flow from operating activities was -¥4,715,731.83, an improvement of 79.45% compared to the previous year[4] - Operating cash flow for the period was -4,715,731.83 CNY, an improvement from -22,949,655.60 CNY in the previous period[18] - Cash received from other operating activities decreased by 42.14% year-on-year, primarily due to a reduction in government subsidies received this year[9] - Cash obtained from borrowings increased by 153.68% year-on-year, primarily due to increased borrowings for the construction of new parks by subsidiaries Xi'an Zhonghang Electric Measurement and Shijiazhuang Huayan[9] - The company reported a cash inflow from operating activities of 1,075,300,867.16 CNY, down from 1,094,023,509.55 CNY year-over-year[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,083,994,257.22, an increase of 11.75% from the end of the previous year[4] - Total current liabilities increased to CNY 1,262,043,307.17 from CNY 1,187,197,721.23, reflecting a rise of 6.3%[14] - Long-term borrowings increased by 316.44% compared to the end of the previous year, primarily due to new loans for the construction of new parks[8] - Long-term borrowings surged to CNY 363,886,460.64, up from CNY 87,379,326.98, indicating a significant increase[14] - Total liabilities and owners' equity reached CNY 4,083,994,257.22, compared to CNY 3,654,570,575.66 in the previous year[14] Other Financial Metrics - Other income decreased by 40.99% year-on-year, mainly due to a reduction in government subsidies received by the parent company and its subsidiary Han Zhong Yi Ling[9] - Cash paid for various taxes increased by 57.72% year-on-year, mainly due to the subsidiary Han Zhong Yi Ling paying off deferred taxes from the previous year and an increase in current year tax payments[9] - Cash received from investment income decreased by 100.00% year-on-year, as there were no dividend payments from the joint venture Shaanxi Huayan this year[9] - The company reported a total of ¥1,798,616.08 in non-recurring gains and losses for the current period[5] - The company experienced a 141.81% increase in advance receipts, mainly due to increased rental prepayments[7] Audit Status - The company has not undergone an audit for the third quarter report[21]