CASIT(SZ:300678)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥40,626,708.69, a decrease of 30.45% compared to the same period last year[4] - The net profit attributable to shareholders was ¥6,513,335.54, down 2.49% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,624.17, a significant drop of 99.59% compared to the previous year[4] - Basic earnings per share were ¥0.0220, down 34.91% compared to the same period last year[4] - The weighted average return on equity was 0.77%, a decrease of 0.16% year-on-year[4] - Total operating revenue for Q3 2023 reached CNY 196,092,462.66, an increase of 9.7% compared to CNY 179,331,848.32 in Q3 2022[18] - Net profit for Q3 2023 was CNY 21,220,184.31, representing a 2.0% increase from CNY 20,796,532.32 in Q3 2022[19] - Basic and diluted earnings per share decreased to CNY 0.0919 from CNY 0.1064 in the same period last year[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,063,005,571.10, reflecting a decrease of 9.84% from the end of the previous year[5] - As of September 30, 2023, total assets amounted to CNY 1,063,005,571.10, a decrease from CNY 1,179,034,494.46 at the beginning of the year[16] - Current assets decreased to CNY 856,849,166.44 from CNY 975,232,473.35 at the start of the year, reflecting a decline of approximately 12.1%[16] - Total liabilities decreased to CNY 212,886,059.46 from CNY 344,393,015.48, a reduction of approximately 38.2%[17] - Share capital increased to CNY 296,386,293.00 from CNY 197,590,862.00, reflecting an increase of about 49.9%[17] - The company reported a significant decrease in accounts payable, which fell to CNY 23,599,633.69 from CNY 150,893,527.71, a decline of approximately 84.4%[17] - The company has no short-term borrowings as of September 30, 2023, compared to CNY 10,011,111.11 at the beginning of the year[17] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥101,759,356.59, a decrease of 25.21% year-to-date[4] - Cash flow from operating activities showed a net outflow of CNY -101,759,356.59, compared to CNY -81,271,475.37 in Q3 2022[20] - The net cash flow from investment activities was -2,684,084.57, indicating a decrease of 54,085,192.88 compared to the previous period[21] - The total cash inflow from financing activities was 1,829,360.00, resulting in a net cash flow from financing activities of -18,898,292.42[21] - The net increase in cash and cash equivalents was -123,341,733.58, compared to an increase of 25,465,569.40 in the previous period[21] - The ending balance of cash and cash equivalents was 294,190,863.89, down from 417,532,597.47 at the beginning of the period[21] Inventory and Contract Liabilities - The company's inventory increased by 96.33% compared to the beginning of the year, attributed to rising costs of unfinished projects[9] - The company's contract liabilities increased by 145.87% year-to-date, indicating a rise in advance payments for ongoing projects[9] - Inventory increased significantly to CNY 233,348,590.34 from CNY 118,853,196.43, marking an increase of about 96.2%[16] Government Subsidies and Other Income - The company received government subsidies amounting to ¥6,401,832.86 in the current period, contributing to a total of ¥12,334,420.50 year-to-date[7] - Other income for the period was CNY 12,334,420.50, a decrease from CNY 15,082,180.26 in the same period last year[18] Research and Development - Research and development expenses were CNY 18,766,509.79, down 24.1% from CNY 24,695,641.30 in the previous year[18] Credit Impairment - The company reported a credit impairment loss of CNY 16,851,691.91, compared to CNY 14,525,161.56 in Q3 2022[19] Shareholder Information - The company plans to unlock restricted shares totaling 12,375,848 shares by 2025, with specific dates for each shareholder[14] Audit Status - The company has not undergone an audit for the third quarter report[22]