Workflow
航新科技(300424) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 reached ¥470,655,071.61, representing a 26.89% increase year-over-year and a 45.60% increase year-to-date[5]. - Net profit attributable to shareholders decreased by 68.06% in Q3 2023, amounting to ¥3,943,608.89, and decreased by 64.84% year-to-date to ¥7,240,836.25[5]. - The basic and diluted earnings per share for Q3 2023 were both ¥0.0164, down 68.16% compared to the same period last year[5]. - Operating revenue for the current period reached ¥1,373,650,718.35, a year-on-year increase of 45.60%, primarily due to the recovery in the company's aviation maintenance and service business[13]. - The net profit for Q3 2023 was CNY 10,352,768.52, a decrease of 49.7% compared to CNY 20,576,455.71 in Q3 2022[27]. - Operating profit for Q3 2023 was CNY 4,962,329.22, down 77.0% from CNY 21,626,641.49 in the same period last year[27]. - The company reported a total comprehensive income of CNY 11,127,711.10 for Q3 2023, down 54.0% from CNY 24,185,684.86 in Q3 2022[27]. Assets and Liabilities - Total assets at the end of Q3 2023 were ¥2,393,515,918.92, a slight increase of 0.71% from the end of the previous year[5]. - The total liabilities increased to CNY 1,617,915,256.17 as of September 30, 2023, compared to CNY 1,610,896,252.70 at the start of the year, reflecting a growth of approximately 0.4%[26]. - Long-term borrowings increased by 163.88% year-to-date, reaching ¥198,804,702.61, as the company aimed to improve its debt structure[12]. - Long-term borrowings increased significantly to CNY 198,804,702.61 in Q3 2023, compared to CNY 75,337,821.40 in Q3 2022, representing a growth of approximately 164.5%[25]. Cash Flow - The company reported a significant decline in cash flow from operating activities, with a net outflow of ¥63,199,637.22 year-to-date, representing a 103.11% decrease[5]. - The net cash flow from operating activities decreased by 103.11% year-on-year, amounting to -¥63,199,637.22, mainly due to increased cash payments for operating activities[16]. - The net cash flow from financing activities improved by 34.53% year-on-year to -¥10,909,467.02, primarily due to an increase in bank borrowings[16]. - The net cash flow from financing activities was a net outflow of CNY 10,909,467.02, improving from a net outflow of CNY 16,662,503.46 in Q3 2022[29]. Research and Development - The company increased its R&D investment, with development expenditures rising by 79.10% year-to-date to ¥17,798,302.13[12]. - Research and development expenses increased to CNY 51,943,985.82 in Q3 2023, compared to CNY 43,997,451.84 in Q3 2022, reflecting a growth of approximately 18.1%[26]. Income and Expenses - Operating costs amounted to ¥1,072,556,325.21, reflecting a year-on-year increase of 57.87%, mainly driven by rising costs associated with increased revenue and changes in revenue structure[13]. - Financial expenses increased by 34.74% year-on-year to ¥34,377,187.81, primarily due to reduced exchange gains and increased interest expenses during the reporting period[13]. - Other income rose by 86.19% year-on-year to ¥21,320,709.80, mainly influenced by an increase in tax refunds received[13]. - Investment income surged by 95.39% year-on-year to ¥4,097,759.85, primarily due to the impact of the merger price difference from subsidiaries[13]. - The company incurred asset impairment losses of CNY 11,276,447.57 in Q3 2023, compared to CNY 6,432,015.07 in the same period last year[27]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 25,939, with the largest shareholder holding 15.30% of the shares[18]. - The company reported a significant increase in minority shareholder profit by 17,816.05% year-on-year, reaching ¥3,111,932.27, mainly due to increased profits from foreign subsidiaries[15].