GSAFETY(SZ:300523)2023-10-29 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥488,820,280, representing a 3.19% increase compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company was -¥23,971,974.33, a decrease of 677.08% year-on-year[4]. - The net cash flow from operating activities was -¥744,627.86, a decline of 262.49% compared to the previous year[4]. - Total operating revenue for the period reached CNY 1,312,244,623.65, an increase of 7.8% compared to CNY 1,217,174,447.63 in the previous period[33]. - Total operating costs amounted to CNY 1,256,454,160.68, up 14.5% from CNY 1,097,141,004.55 in the prior period[33]. - In Q3 2023, Beijing Changan Technology Co., Ltd. reported a net profit of CNY 33,913,974.55, a decrease of 56.2% compared to CNY 77,420,248.51 in the same period last year[34]. - The company's operating profit for Q3 2023 was CNY 25,425,926.13, down 73.7% from CNY 96,767,549.88 in Q3 2022[34]. - The total comprehensive income for Q3 2023 was CNY 32,707,291.48, down from CNY 78,388,351.66 in the previous year[34]. - Basic and diluted earnings per share for Q3 2023 were both CNY 0.05, compared to CNY 0.09 in Q3 2022[34]. Assets and Liabilities - The company reported a total asset value of ¥4,123,964,461.88, a decrease of 7.43% from the end of the previous year[4]. - Current assets decreased to CNY 3,452,629,986.43 from CNY 3,816,305,641.55, reflecting a decline of approximately 9.5%[30]. - Non-current assets totaled CNY 671,334,475.45, a slight increase from CNY 638,787,158.78, representing a growth of approximately 5.1%[31]. - Total liabilities decreased to CNY 2,398,394,857.23 from CNY 2,724,408,349.60, a reduction of about 12%[32]. - Short-term borrowings increased by 35.60% to ¥642,470,867.04 mainly due to increased bank loans[14]. - Short-term borrowings rose to CNY 642,470,867.04, compared to CNY 473,806,499.92, reflecting an increase of approximately 35.5%[32]. Cash Flow - Cash and cash equivalents decreased by 45.68% to ¥668,385,678.47 due to reduced collections during the period[11]. - The company's cash and cash equivalents decreased significantly from CNY 1,230,394,691.28 to CNY 668,385,678.47, a decline of about 45.3%[30]. - Cash received from sales of goods and services fell by 65.87% to ¥664,150,678.77 due to decreased collections[18]. - Cash received from tax refunds increased by 532.61% to ¥33,989,576.04 mainly due to increased VAT refunds[18]. - The net cash flow from operating activities for Q3 2023 was negative CNY 744,627,866.91, compared to positive CNY 458,270,283.31 in Q3 2022[35]. - The company reported a net cash outflow from investing activities of CNY 40,305,244.56, compared to a net outflow of CNY 115,574,240.90 in the same period last year[36]. - Financing activities generated a net cash inflow of CNY 144,684,691.41, contrasting with a net outflow of CNY 54,471,651.85 in Q3 2022[36]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,159[21]. - The company reported a shareholding structure where China Telecom Group holds 18.68% and Tianfu Qingyuan Holdings holds 8.16% of the shares, with a total of 43,459,615 and 18,975,126 shares respectively[22]. - The top ten shareholders include Xuan Yuan Group with 12.05% ownership, holding 28,022,881 shares, and Shanghai Ruiwei Railway Technology with 6.27% ownership, holding 14,580,000 shares[22]. - The total number of restricted shares at the beginning of the period was 805,304, with 526,126 shares released during the period, leaving 279,178 restricted shares at the end[24]. Business Development and Projects - The company has deployed a total of 1 million IoT perception terminals across the country[9]. - The company achieved significant growth in its consumer business, particularly in gas monitoring services following a gas explosion incident in Yinchuan[9]. - The company is focused on developing new products and technologies to enhance its public safety solutions[8]. - The company aims to leverage its strengths in urban safety monitoring and risk assessment to expand its market presence[9]. - The company plans to continue driving high-quality development through technological and business innovation[10]. - The company has completed project audits for several major contracts, including the Hefei Urban Lifeline Engineering Safety Operation Monitoring System Phase II[25]. - The company has delivered and launched parts of the Customs Management Information System project, with significant infrastructure development completed[26]. - Over 40 functional modules of the Tax Information Security and Management System project have been launched and corresponding training has been completed[27]. - The company is actively organizing audit work for 18 contracts related to the Anhui Province Urban Lifeline Safety Engineering project, with several contracts already completed[29]. Financial Position and Expenses - Cash and cash equivalents at the end of Q3 2023 stood at CNY 640,602,430.47, down from CNY 848,910,104.20 at the end of Q3 2022[36]. - Trade financial assets dropped by 99.14% to ¥342,823.13 primarily due to the redemption of structured deposits[11]. - Accounts receivable decreased by 56.28% to ¥2,981,371.84 as a result of bill maturities[11]. - Contract liabilities decreased by 56.24% to ¥307,983,291.65 due to a reduction in advance payments[14]. - Financial expenses rose by 181.81% to ¥20,002,151.01 primarily due to increased interest expenses and exchange rate fluctuations[16]. - Research and development expenses increased to CNY 116,204,505.27, up 28.0% from CNY 90,754,922.31 year-over-year[34].