QSY Tech(SZ:300437)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥307,772,859.54, a decrease of 28.68% compared to the same period last year[5]. - Total operating revenue for Q3 2023 was ¥867,828,779.24, a decrease of 40.1% compared to ¥1,451,476,378.54 in the same period last year[22]. - The net profit attributable to shareholders was ¥456,253.43, down 91.69% year-on-year, while the net profit after deducting non-recurring gains and losses was -¥2,978,173.41, a decline of 139.89%[5]. - Net profit for Q3 2023 was a loss of ¥7,470,328.40, compared to a profit of ¥111,860,086.71 in Q3 2022, representing a significant decline[23]. - The basic and diluted earnings per share were both ¥0.0018, representing a drop of 91.51% compared to the previous year[5]. - Basic and diluted earnings per share for the current period were -0.0324 CNY, down from 0.4336 CNY in the same period last year[24]. - The total comprehensive income for the third quarter was -7,399,774.60 CNY, compared to 112,084,771.03 CNY in the previous year[24]. Cash Flow and Assets - The cash flow from operating activities for the year-to-date was ¥5,546,750.51, reflecting a decrease of 42.88%[5]. - Cash flow from operating activities generated a net amount of 5,546,750.51 CNY, a decrease of 42.9% from 9,711,094.43 CNY in the previous year[25]. - The company's cash and cash equivalents decreased to CNY 310,067,314.36 from CNY 485,008,985.34, representing a decline of about 36%[17]. - The ending balance of cash and cash equivalents was 166,981,785.43 CNY, down from 281,407,723.29 CNY at the end of the previous year[27]. - The company received 277,623,912.13 CNY in cash from borrowings, a decrease of 58.7% from 672,063,132.45 CNY in the previous year[27]. - Total assets at the end of the reporting period were ¥2,828,345,270.01, a decrease of 9.65% from the end of the previous year[5]. - The company's total assets decreased to ¥2,828,345,270.01 from ¥3,130,513,886.74 year-over-year, a reduction of approximately 9.7%[20]. - As of September 30, 2023, the company's total current assets amounted to CNY 1,113,166,305.50, a decrease from CNY 1,427,889,402.70 at the beginning of the year, reflecting a decline of approximately 22%[17]. Shareholder Information - The company reported a total of 32,255 common shareholders at the end of the reporting period[10]. - The largest shareholder, Wang Zhiqing, holds 36.77% of the shares, amounting to 95,270,000 shares[10]. - The total number of shareholders with unrestricted shares includes major stakeholders such as Wang Zhiqing, holding 23,817,500 shares[11]. - The company reported a total of 71,452,500 restricted shares held by Wang Zhiqing, with no releases during the current period[13]. Legal and Operational Challenges - The company is facing legal challenges involving former management members, with ongoing court proceedings that may impact future operations[15]. - The company has a significant focus on maintaining compliance with legal obligations regarding information disclosure amid ongoing legal matters[15]. - The company is actively progressing on its relocation project, having received the necessary project filing certificate from the local management committee[16]. - The company has adjusted its production capacity planning and investment scale for certain products in its relocation project[16]. Costs and Expenses - Total operating costs for Q3 2023 were ¥854,712,822.89, down 34.1% from ¥1,296,122,721.89 in Q3 2022[22]. - Research and development expenses for Q3 2023 were ¥9,556,306.20, down 42.2% from ¥16,616,216.72 in Q3 2022[22]. - The company reported an investment loss of ¥5,294,277.41 in Q3 2023, compared to a loss of ¥4,260,068.27 in the same period last year[23]. Non-Recurring Items - Non-recurring losses included a loss of ¥1,510,315.32 from the disposal of non-current assets, mainly due to losses from the disposal of waste materials[6]. - The company reported a decrease in cash received from sales of goods and services, totaling 557,537,237.11 CNY, down from 897,508,493.01 CNY in the previous year[25]. Liabilities - Total liabilities decreased to ¥1,219,327,814.08 from ¥1,517,298,052.55, reflecting a decline of about 19.7%[20].