电连技术(300679) - 2023 Q3 - 季度财报

Financial Performance - The net profit attributable to shareholders of the listed company was ¥122,254,758.68, a decrease of 43.81% year-on-year [22]. - The net profit attributable to minority shareholders decreased by 43.53% to ¥10,751,724.39, reflecting reduced earnings from non-wholly-owned subsidiaries [11]. - The company's income tax expense dropped by 70.56% to ¥15,248,513.72, primarily due to reduced profits from the sale of the Electric Technology Building in the previous period [11]. - The net profit for the third quarter was approximately $258.15 million, a decrease of about 40.1% compared to $431.55 million in the same period last year [42]. - The net income attributable to the parent company was CNY 249,558,349.65, down from CNY 415,531,500.00, indicating a decline of about 40% [62]. - Total comprehensive income for the period was CNY 260,310,074.04, compared to CNY 434,572,570.46 in the previous period, representing a decrease of approximately 40% [62]. Revenue and Income - The company's operating revenue for the third quarter reached ¥839,939,060.64, an increase of 18.25% compared to the previous quarter [22]. - The company's total revenue for the period was CNY 2.20 billion, slightly down from CNY 2.21 billion in the previous year, indicating a decrease of about 0.19% [59]. - Cash received from sales of goods and services was CNY 2,165,351,643.61, down from CNY 2,373,541,227.54, indicating a decrease of approximately 8.8% [62]. - The company's other operating income increased by 207.67% to ¥2,940,276.06, mainly from VAT exemptions and increased customer compensation [11]. Assets and Liabilities - The company's total assets at the end of the reporting period amounted to ¥6,180,076,905.61, reflecting a growth of 6.37% from the end of the previous year [22]. - The company's total current assets reached approximately $3.53 billion, compared to $3.36 billion, reflecting an increase of about 5.7% [39]. - The company's total liabilities increased to approximately CNY 1.58 billion from CNY 1.45 billion, marking an increase of about 8.6% [59]. - The company's total liabilities decreased by 41.35% in contract liabilities to ¥2,032,835.52, due to a reduction in customer advance payments [9]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥342,854,746.09, showing a significant increase of 144.68% [22]. - The net cash flow from operating activities was $342.85 million, a significant increase from $140.12 million in the previous period, representing a growth of approximately 144.5% [46]. - Cash inflows from operating activities totaled CNY 2,418,910,822.95, a decrease from CNY 2,594,566,833.43 in the prior period, representing a decline of around 6.8% [62]. - Cash received from tax refunds increased by 675.47% to CNY 34,699,914.76 compared to CNY 4,474,714.09 in the previous period [28]. Investments and Expenditures - Cash paid for the purchase of fixed assets increased by 155.92% to CNY 366,495,797.40 compared to CNY 143,204,779.52 in the previous period [28]. - The company's construction in progress rose by 71.19% to ¥612,964,581.80, reflecting increased investment in fixed assets [9]. - Cash paid for investments decreased by 75.29% to CNY 616,108,928.76 from CNY 2,493,022,829.59 in the previous period [28]. - The company planned to acquire 51% of Anhui Beidier Technology Co., Ltd. for CNY 25.5 million but later decided to terminate the transaction due to market changes [55]. Shareholder Information - The equity attributable to shareholders of the listed company was ¥4,348,243,015.51, an increase of 5.57% compared to the end of the previous year [22]. - The company received a commitment from major shareholders not to reduce their holdings for 18 months, enhancing investor confidence [18]. - The company completed the registration of 515,000 shares of the first category of restricted stock under the 2022 incentive plan, increasing the total shares from 422,157,000 to 422,672,000 [53]. Expenses - Research and development expenses rose to approximately $235.63 million, an increase of about 10.6% from $213.06 million year-over-year [42]. - The company reported a decrease in sales expenses to approximately $77.19 million, compared to $67.97 million, an increase of about 13.0% [42]. - The company paid $79.86 million in dividends and interest, a decrease from $151.92 million, indicating a reduction of approximately 47.5% [46].