Cosonic(SZ:300793)2023-10-24 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥673,406,460.23, a decrease of 3.85% compared to the same period last year[15]. - The net profit attributable to shareholders for Q3 2023 was ¥62,442,589.48, down 22.79% year-on-year[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥54,247,519.47, a decline of 34.52% compared to the previous year[15]. - The company's basic earnings per share for Q3 2023 was ¥0.19, a decrease of 20.83% year-on-year[15]. - The weighted average return on net assets was 2.48%, down 0.92% from the previous year[15]. - The net profit for Q3 2023 was approximately ¥154.97 million, a slight increase from ¥154.85 million in Q3 2022, reflecting a growth of 0.08%[32]. - The total revenue for Q3 2023 was reported at ¥171.86 million, compared to ¥168.99 million in the same period last year, indicating a growth of 1.10%[32]. - The operating profit for Q3 2023 was approximately ¥173.88 million, up from ¥169.28 million in Q3 2022, representing a growth of 2.03%[32]. - The total comprehensive income attributable to the parent company was approximately ¥156.85 million, slightly down from ¥158.75 million in Q3 2022[33]. - Basic and diluted earnings per share remained stable at ¥0.46 for both Q3 2023 and Q3 2022[33]. Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date period reached ¥195,168,851.11, an increase of 114.95% year-on-year[15]. - The company experienced a significant increase in cash flow from operating activities, with a net cash inflow of ¥195.17 million, up 114.95% from ¥90.80 million in Q3 2022[41]. - The cash and cash equivalents decreased to CNY 548,628,680.14 from CNY 929,858,911.94 at the beginning of the year, indicating a decline of about 41%[27]. - The company's cash and cash equivalents at the end of the period stood at CNY 548,628,680.14, down from CNY 695,290,449.51, a decline of about 21.1%[57]. - The cash inflow from investment activities was CNY 1,451,692,882.04, down from CNY 2,077,583,227.12, reflecting a decrease of about 30.1%[57]. - The net cash flow from financing activities was -CNY 194,314,473.49, slightly worse than -CNY 176,313,677.38 in the previous period[57]. Assets and Liabilities - The company's total assets as of September 30, 2023, amounted to ¥3,656,105,333.60, reflecting a 3.77% increase from the end of the previous year[15]. - As of September 30, 2023, the company's total current assets amounted to CNY 2,342,910,433.60, slightly down from CNY 2,348,252,357.96 at the beginning of the year[27]. - The company's total liabilities increased to CNY 1,111,724,158.79 from CNY 1,087,699,928.80 at the beginning of the year, indicating a rise of approximately 2.4%[30]. - The company's total equity increased to CNY 2,544,381,174.81 from CNY 2,435,564,842.64, reflecting a growth of approximately 4.5%[30]. - The total assets increased to CNY 3,656,105,333.60 from CNY 3,523,264,771.44, representing a growth of approximately 3.78%[50]. - The total non-current liabilities decreased from CNY 34,281,439.45 to CNY 28,628,209.81, a reduction of approximately 16.4%[50]. - The company reported an increase in accounts payable to CNY 859,988,143.98 from CNY 702,097,589.14, which is an increase of about 22.4%[50]. - The deferred income tax assets decreased from CNY 43,029,562.51 to CNY 36,484,412.18, a decline of approximately 15.2%[50]. Expenses and Investments - The total operating costs for the third quarter of 2023 were CNY 1,630,266,076.91, compared to CNY 1,604,803,012.29 in the previous year, marking an increase of approximately 1.6%[30]. - Research and development expenses for the third quarter were CNY 89,772,536.10, down from CNY 99,856,644.08 in the same period last year, representing a decrease of about 10.9%[30]. - Sales expenses rose by 57.79% to ¥17.11 million, primarily due to increased service fees for sales platforms[41]. - Financial expenses decreased by 64.62% to -¥27.64 million, mainly attributed to exchange rate fluctuations[41]. - Other income increased by 88.71% to ¥25.96 million, largely due to an increase in government subsidies related to daily operations[41]. - The cash outflow for purchasing fixed assets and intangible assets was CNY 327,332,820.90, compared to CNY 88,270,468.27 in the previous period, showing a substantial increase[57]. Market and Strategic Developments - The company received approval for issuing convertible bonds on February 13, 2023, which may enhance its capital structure and funding capabilities[26]. - The company reported a financial income of CNY -27,639,706.62 for the third quarter, an improvement compared to CNY -78,130,986.05 in the previous year[30]. - The company reported a significant increase in fair value changes, with a gain of ¥4.47 million compared to a loss of -¥5.20 million in the previous year, marking a change of 185.96%[41]. - Accounts receivable increased by 49.85% to ¥662,472,715.31 compared to the end of 2022, attributed to changes in sales collection[8]. - Prepayments surged by 491.88% to ¥59,743,608.52, mainly due to increased deposits for new product development[8]. - Fixed assets rose by 150.36% to ¥972,259,189.84, primarily due to the completion of construction projects[8].