ALD(SZ:300696)2023-10-26 16:00Financial Performance - Revenue for Q3 2023 was CNY 35,324,884.24, a decrease of 75.39% compared to the same period last year[7]. - Net profit attributable to shareholders was CNY 5,532,306.29, down 91.24% year-on-year[7]. - Basic earnings per share for Q3 2023 was CNY 0.02, a decline of 90.91% compared to the previous year[7]. - Operating profit for Q3 2023 was CNY 122,150,864.11, a decrease of 50.27% compared to CNY 245,616,211.47 in the same period last year[13]. - Net profit for Q3 2023 was CNY 101,976,802.02, down from CNY 205,650,083.48 in Q3 2022, indicating a decline of about 50.5%[26]. - The company reported a total profit of CNY 121,476,864.11 for Q3 2023, down from CNY 244,289,711.47 in Q3 2022, a decline of about 50.3%[25]. - The company incurred tax expenses of CNY 19,500,062.09 in Q3 2023, compared to CNY 38,639,627.99 in Q3 2022, a decrease of approximately 49.6%[25]. Cash Flow and Investments - Operating cash flow net amount for the year-to-date was CNY 318,380,897.76, an increase of 368.93%[7]. - Net cash flow from operating activities increased by 368.93%, reaching CNY 318,380,897.76, primarily due to increased collections during the reporting period[13]. - Net cash flow from investing activities was CNY -55,722,239.30, a decline of 224.60% compared to CNY 44,720,016.44 in the previous year, mainly due to fewer recoveries from financial products[13]. - Investment income rose by 256.41% to CNY 1,532,151.07, attributed to higher equity investment returns[12]. - Investment activities resulted in a net cash outflow of CNY -55,722,239.30 in Q3 2023, compared to a net inflow of CNY 44,720,016.44 in Q3 2022[28]. Assets and Liabilities - Total assets as of September 30, 2023, were CNY 2,173,075,362.25, reflecting a 1.31% increase from the end of the previous year[7]. - Total liabilities decreased to CNY 255,443,238.28 from CNY 273,018,449.85, a decline of approximately 6.4%[22]. - The company's total equity increased to CNY 1,917,632,123.97 from CNY 1,871,898,368.47, representing an increase of about 2.4%[22]. - Cash and cash equivalents increased to CNY 677,747,729.43 from CNY 478,164,366.41 at the beginning of the year, representing a growth of approximately 42%[21]. - Accounts receivable decreased to CNY 518,242,287.00 from CNY 725,372,888.98, a reduction of about 29%[21]. - Inventory increased to CNY 214,330,581.88 from CNY 186,250,459.44, reflecting an increase of approximately 15%[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,121, with no preferred shareholders[15]. - The top four shareholders, including Ran Guangwen, Ding Hongtao, and Xie Peng, each hold approximately 12% of the shares, indicating concentrated ownership[15]. - Ran Guangwen holds 12.18% of shares, totaling 35,715,521, with 26,786,641 shares under lock-up[15]. Expenses and Cost Management - Sales expenses increased by 115.39% to CNY 1,607,102.51 due to expanded market operations and increased personnel costs[12]. - Total operating costs for Q3 2023 were CNY 175,144,028.53, a decrease from CNY 248,531,282.80 in Q3 2022, representing a reduction of approximately 29.4%[25]. - Research and development expenses for Q3 2023 were CNY 15,533,635.72, down from CNY 17,440,924.08 in Q3 2022, a decrease of about 10.9%[25]. - The company reported a significant decrease in non-operating expenses, which were CNY 674,000.00, down 49.19% from CNY 1,326,500.00 in the previous year[13]. - The company is focusing on increasing cash flow from operations and managing expenses to improve profitability in the upcoming quarters[13]. Accounting and Reporting - The company implemented the new accounting standard effective January 1, 2023, as per the Ministry of Finance's announcement on November 30, 2022[30]. - Deferred tax liabilities increased to 5,324,862.31 from 0 as of December 31, 2022, reflecting the impact of the new accounting treatment[31]. - Unappropriated profits decreased from 665,083,614.80 to 659,758,752.49 due to the adjustment of deferred tax liabilities[31]. - The third quarter report has not been audited, indicating a preliminary assessment of financial performance[32]. Future Outlook - The company plans to focus on expanding its market presence and developing new technologies in the upcoming quarters[21].