ConST(SZ:300445)2023-10-27 16:00Financial Performance - Total operating revenue for Q3 2023 was CNY 119.05 million, a decrease of 2.38% year-on-year, while total revenue for the first three quarters reached CNY 331.46 million, an increase of 13.79% year-on-year[5]. - Net profit attributable to shareholders for Q3 2023 was CNY 28.30 million, down 2.42% year-on-year, with a year-to-date net profit of CNY 70.16 million, up 11.08% year-on-year[5]. - Basic earnings per share for Q3 2023 was CNY 0.13, a decrease of 4.84% year-on-year, while diluted earnings per share remained the same at CNY 0.13[5]. - The net profit for Q3 2023 was CNY 69,225,287.97, an increase of 11.5% compared to CNY 61,998,901.95 in Q3 2022[27]. - The total revenue for Q3 2023 reached CNY 341,272,274.09, up from CNY 323,874,890.34 in the same period last year, reflecting a growth of approximately 5.5%[28]. - Basic and diluted earnings per share for Q3 2023 were both CNY 0.33, compared to CNY 0.30 in Q3 2022, indicating a 10% increase[28]. - The total profit for Q3 2023 was CNY 74,965,964.51, an increase of 7.5% from CNY 70,048,430.05 in Q3 2022[27]. Revenue Breakdown - Domestic market revenue for the first three quarters was CNY 187.31 million, up 15.3%, accounting for 56.5% of total revenue[11]. - International market revenue for the first three quarters was CNY 144.16 million, up 11.9%, accounting for 43.5% of total revenue[12]. - Revenue from main detection products for the first three quarters totaled CNY 314.23 million, a year-on-year increase of 13.8%, accounting for 94.8% of total revenue[13]. - Revenue from digital pressure detection products reached CNY 230.28 million, a year-on-year increase of 9.5%, representing 73.3% of detection product revenue[13]. - Digital platform business revenue for the first three quarters was CNY 12.97 million, a year-on-year increase of 26.5%[13]. Expenses and Costs - Total operating costs for the same period were ¥268,758,063.72, up from ¥220,182,368.46, reflecting a year-over-year increase of 21.9%[26]. - Research and development expenses for the first three quarters increased by 40.24% year-on-year, totaling CNY 52.46 million, reflecting increased investment in high-precision pressure sensors and SaaS software[10]. - Sales expenses for the first three quarters amounted to CNY 53.99 million, a year-on-year increase of 8.5%[15]. - The company reported a decrease in operating expenses, with total operating expenses for Q3 2023 at CNY 556,126.42, down from CNY 1,608,651.24 in Q3 2022[27]. Cash Flow and Assets - Cash flow from operating activities for the first three quarters was CNY 28.74 million, down 9.95% year-on-year[5]. - Operating cash flow net amount for the first three quarters was CNY 28.74 million, a year-on-year decrease of 10.0%[14]. - Cash received from sales of goods and services for the first three quarters totaled CNY 310.30 million, a year-on-year increase of 8.9%[14]. - The company's total assets as of September 30, 2023, amounted to ¥1,198,988,528.11, up from ¥1,170,892,957.55 at the beginning of the year[25]. - Current assets totaled ¥541,745,388.28, a decrease of 4.2% from ¥565,643,155.96 at the start of the year[24]. - Non-current assets increased to ¥657,243,139.83, compared to ¥605,249,801.59 at the beginning of the year, reflecting an increase of 8.6%[24]. - The total liabilities decreased to ¥128,731,799.72 from ¥157,737,619.48, a reduction of 18.4%[25]. - The company's equity attributable to shareholders rose to ¥1,051,805,245.30, an increase of 5.8% from ¥993,771,106.24[25]. - Cash and cash equivalents decreased to ¥125,874,780.09 from ¥228,396,411.15, a decline of 44.0%[24]. - Inventory increased to ¥152,284,421.86, up from ¥125,673,032.87, representing a growth of 21.1%[24]. Strategic Initiatives - The company plans to enhance its business expansion strategy and product structure adjustments to maintain high-quality growth amid global economic challenges[10]. - The company is focusing on enhancing product structure towards intelligence and automation, integrating detection products with digital platforms[13]. - The company reported a significant increase in other income, which rose by 104.26% year-on-year to CNY 16.19 million, driven by VAT refunds and government subsidies[10].