昊志机电(300503) - 2023 Q3 - 季度财报

Financial Performance - Q3 2023 revenue reached ¥234,354,769.72, a 1.37% increase compared to the same period last year, while year-to-date revenue decreased by 4.12% to ¥732,632,680.00[5] - Net profit attributable to shareholders was ¥15,111,801.63, a significant decline of 1,336.95% year-on-year, with year-to-date net profit down 188.15% to ¥33,972,854.00[5] - Basic and diluted earnings per share for Q3 2023 were both -¥0.05, marking a 100% decrease compared to the same period last year[6] - For the first nine months of 2023, the company achieved operating revenue of RMB 702.42 million, a year-on-year decrease of 4.12%[20] - The total profit for the same period was RMB -41.27 million, a year-on-year decrease of 209.78%[20] - The net profit attributable to shareholders for the first nine months was RMB -29.95 million, a year-on-year decrease of 188.15%[20] - The company reported a significant increase in credit impairment losses by 144.54% to -¥3,479,439.73, due to an increase in receivables not paid on time[12] - The company's total assets decreased to CNY 2,625,803,029.41 from CNY 2,704,980,475.64, reflecting a decline of 2.9%[31] - Total operating revenue for Q3 2023 was CNY 702,421,780.48, a decrease of 4.3% from CNY 732,632,682.05 in the same period last year[32] - Net profit for Q3 2023 was a loss of CNY 29,901,579.01, compared to a profit of CNY 36,512,096.02 in Q3 2022[33] Cash Flow and Liquidity - Operating cash flow for the year-to-date period increased by 416.55% to ¥97,621,960.00[5] - Operating cash inflow for the third quarter was CNY 97,621,960.64, a significant increase from CNY 18,898,788.87 in the same period last year, reflecting a year-over-year growth of approximately 416.5%[34] - Total cash inflow from financing activities decreased to CNY 313,715,737.61 from CNY 771,232,271.15, representing a decline of about 59.3%[35] - Cash outflow from financing activities was CNY 392,761,099.03, down from CNY 764,096,938.85, indicating a reduction of approximately 48.6%[35] - The net cash flow from investing activities was -CNY 108,957,799.69, compared to -CNY 158,158,774.77 in the previous year, showing an improvement of about 30.9%[34] - The company's cash and cash equivalents at the end of the period stood at CNY 67,063,842.45, down from CNY 127,029,397.88, a decrease of approximately 47.3%[35] - Cash paid for purchasing goods and services was CNY 245,060,634.61, down from CNY 339,521,090.57, indicating a reduction of approximately 27.9%[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,703,777,269.04, reflecting a decrease of 2.93% from the previous year-end[5] - Shareholders' equity attributable to the parent company decreased by 1.57% to ¥1,303,781,252.41[5] - Long-term borrowings increased by 49.09% to ¥426,769,891.81, due to the replacement of short-term loans with long-term borrowings[11] - Total liabilities decreased to CNY 1,341,246,472.92, down from CNY 1,399,948,894.95, a reduction of 4.2%[31] - Other current liabilities rose by 43.71% to ¥78,822,720.32, mainly due to an increase in unconfirmed receivables and accounts receivable[11] Research and Development - Development expenditures rose by 48.08% to ¥26,567,681.19, attributed to increased R&D project spending[11] - Research and development expenses for the period were CNY 63,599,149.58, down from CNY 69,944,455.55, a decrease of 9.5%[32] Accounting Changes - The company implemented a change in accounting policy effective January 1, 2023, related to deferred tax assets and liabilities, which did not significantly impact financial results[6] - The company adopted new accounting standards effective January 1, 2023, impacting the financial statements with adjustments in deferred tax assets and liabilities[36] - Deferred income tax assets increased to CNY 93,925,873.16 from CNY 77,345,031.91, an increase of 21.5%[30] - Deferred tax assets increased to CNY 66,184,206.26 from CNY 63,395,365.88, marking an increase of approximately 4.4%[37] Government Support - The company reported a significant increase in government subsidies recognized, totaling ¥3,845,644.79 for the quarter[7] Financing Activities - The company approved a financing lease transaction totaling up to RMB 150 million on April 27, 2023, and May 18, 2023[23] - The company signed financing lease contracts with Guangzhou Science City Financing Lease Co., Ltd. in July, August, and October 2023, with total financing amounts of RMB 10 million, RMB 20 million, and RMB 20 million respectively[23] - The company provided a guarantee for its wholly-owned subsidiary, Xianglong Electric, with a maximum guarantee amount of RMB 70 million, effective until the 2023 annual shareholders' meeting[24] - The company approved a proposal to provide counter-guarantees for financing matters of its subsidiary, with a counter-guarantee amount of RMB 15 million and a guarantee fee rate of 1.3% per year[25] Inventory and Receivables - Cash and cash equivalents decreased by 53.57% to ¥79,363,192.82 due to payments for the He Feng Intelligent Manufacturing Base and repayment of due loans[11] - Trade receivables financing dropped by 75.03% to ¥9,171,018.51, primarily due to a decrease in revenue and fewer bank acceptance bills received[11] - Other receivables increased by 32.45% to ¥12,904,304.20, mainly due to an increase in financing lease deposits[11] - The company's inventory increased from RMB 518,987,074.38 on January 1, 2023, to RMB 557,671,288.16 by September 30, 2023[29]