TECNON(SZ:300650)2023-10-26 16:00Financial Performance - The company's revenue for Q3 2023 was ¥707,758,582.09, a decrease of 23.64% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥14,239,614.00, an increase of 5.57% year-on-year, while net profit excluding non-recurring items was ¥13,946,292.85, up 20.93%[5]. - Total operating revenue for the third quarter was CNY 1,822,035,702.12, a decrease from CNY 2,401,971,600.56 in the same period last year, representing a decline of approximately 24.1%[19]. - The company's net profit for the period was not explicitly stated, but the significant drop in revenue and costs suggests a challenging financial environment[19]. - The net profit for Q3 2023 was CNY 30,077,646.59, a decrease of 45.5% compared to CNY 55,093,105.15 in Q3 2022[20]. - The company reported a total comprehensive income of CNY 45,974,386.70, down 54.5% from CNY 101,256,250.66 in Q3 2022[20]. Cash Flow and Financing - Cash flow from operating activities for the year-to-date was ¥214,037,078.03, down 55.04% compared to the previous year[5]. - The net cash flow from operating activities was CNY 214,037,078.03, a decline of 55.1% compared to CNY 476,013,231.59 in the same period last year[23]. - The net cash outflow from financing activities was CNY 78,164,477.04, an improvement from CNY 441,376,049.46 in Q3 2022[23]. - The net cash outflow from investing activities was CNY 166,178,650.97, slightly improved from CNY 174,250,645.69 in the previous year[23]. - The net cash flow from financing activities was negative at ¥78,164,477.04, a decrease of 82.29% compared to the previous year, mainly due to the repayment of short-term loans[10]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,404,191,917.86, reflecting a 13.54% increase from the end of the previous year[5]. - Total assets increased to CNY 2,404,191,917.86 from CNY 2,117,500,792.95, reflecting a growth of approximately 13.5%[18]. - Total liabilities rose to CNY 1,192,458,704.99, compared to CNY 982,009,282.39, marking an increase of about 21.4%[18]. - Total current assets as of September 30, 2023, amount to CNY 1,513,666,718.90, an increase from CNY 1,215,805,004.25 at the beginning of the year[16]. - The company has a significant increase in receivables financing, rising to CNY 697,195,940.12 from CNY 194,750,615.26[16]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,387[13]. - The largest shareholder, Zhuang Zhanglong, holds 22.10% of shares, totaling 48,238,860 shares, with 36,179,145 shares pledged[13]. - The top ten shareholders do not have any known relationships or concerted actions[13]. Operational Metrics - The company's basic earnings per share for Q3 2023 was ¥0.07, a 4.33% increase year-on-year, while diluted earnings per share remained the same[5]. - The basic and diluted earnings per share were both CNY 0.13, down from CNY 0.24 in the same quarter last year[20]. - The weighted average return on equity was 1.27%, a decrease of 0.27% compared to the previous year[5]. - Research and development expenses for the period were CNY 23,094,348.39, down from CNY 30,525,611.91, showing a reduction of approximately 24.4%[19]. Financial Challenges - Financial expenses increased by 123.99% to ¥16,475,139.53, primarily due to higher interest expenses from increased borrowings[10]. - The company experienced a 91.98% decrease in non-operating income, totaling ¥260,636.51, attributed to fewer received rewards during the period[10]. - The total assets impairment loss was CNY 2,587,004.28, significantly higher than CNY 1,566,989.26 in the previous year[20].