中富电路(300814) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was CNY 296,432,692.19, a decrease of 25.06% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2023 was CNY 5,592,381.11, down 74.28% year-on-year[4]. - The basic earnings per share for Q3 2023 was CNY 0.03, reflecting a decline of 75.75% compared to the previous year[4]. - Total operating revenue for the third quarter was CNY 930,742,435.38, a decrease of 18.3% compared to CNY 1,140,310,519.41 in the previous year[23]. - Net profit for the period was CNY 29,108,304.51, a decline of 57.3% from CNY 68,045,213.71 in the same period last year[24]. - Earnings per share (EPS) for the quarter was CNY 0.17, compared to CNY 0.39 in the previous year[25]. - The total comprehensive income for the period was CNY 29,399,649.52, a decrease of 60.3% from CNY 73,852,428.17 in the same quarter last year[25]. Assets and Liabilities - Total assets at the end of Q3 2023 amounted to CNY 1,713,581,681.13, a decrease of 7.39% from the end of the previous year[4]. - As of September 30, 2023, the total assets of Shenzhen Zhongfu Circuit Co., Ltd. amounted to CNY 1,713,581,681.13, a decrease from CNY 1,850,268,461.70 at the beginning of the year, representing a decline of approximately 7.37%[19]. - The company's cash and cash equivalents decreased to CNY 231,110,709.98 from CNY 265,096,042.77, reflecting a reduction of about 12.78%[19]. - Accounts receivable fell to CNY 280,414,173.69 from CNY 350,316,054.92, indicating a decrease of approximately 20%[19]. - Inventory decreased significantly from CNY 376,263,042.39 to CNY 293,307,190.15, a reduction of around 22.05%[20]. - The company's long-term equity investments decreased from CNY 9,072,706.33 to CNY 8,065,309.31, a decline of approximately 11.09%[20]. - The total current liabilities increased from CNY 403,556,775.13 to CNY 465,444,906.59, reflecting an increase of about 15.33%[20]. - The company's total liabilities decreased to CNY 583,879,160.19 from CNY 722,132,230.28, reflecting a reduction of 19.2%[22]. - Total equity increased slightly to CNY 1,129,702,520.94 from CNY 1,128,136,231.42, indicating a growth of 0.14%[22]. Cash Flow - Cash flow from operating activities for the year-to-date was CNY 93,052,303.68, a decrease of 4.24% compared to the same period last year[4]. - Cash inflow from operating activities totaled CNY 811,301,484.72, down 11.4% from CNY 916,069,731.72 in the prior year[27]. - The net cash flow from operating activities for Q3 2023 was approximately ¥93.05 million, a decrease from ¥97.17 million in Q3 2022, reflecting a decline of about 4.4%[28]. - The total cash inflow from investment activities was approximately ¥701.58 million, down from ¥1.22 billion in the same period last year, indicating a decrease of about 42.5%[28]. - The net cash flow from investment activities was negative at approximately -¥239.43 million, compared to -¥36.79 million in Q3 2022, showing a significant decline[28]. - The cash inflow from financing activities totaled approximately ¥198.82 million, a decrease from ¥333.54 million in Q3 2022, representing a decline of about 40.3%[28]. - The net cash flow from financing activities was positive at approximately ¥29.47 million, compared to a negative cash flow of -¥9.11 million in the same quarter last year[28]. - The total cash and cash equivalents decreased by approximately ¥112.66 million in Q3 2023, contrasting with an increase of ¥67.28 million in Q3 2022[28]. - The cash outflow from investment activities was approximately ¥941.01 million, down from ¥1.25 billion in the previous year, indicating a decrease of about 25%[28]. - The company reported cash payments for fixed assets and intangible assets of approximately ¥150.80 million in Q3 2023, compared to ¥127.10 million in Q3 2022, reflecting an increase of about 18.6%[28]. Financing and Investments - The company reported a significant increase in receivables financing, which rose by 109.98% to CNY 31,344,453.83[9]. - The company’s short-term borrowings increased by 100% to CNY 80,000,000.00, primarily to enhance liquidity[9]. - The company received government subsidies amounting to CNY 623,329.03 during Q3 2023, contributing to its non-operating income[6]. - The company established a joint venture, Shenzhen Zhongfu Yingchuang Circuit Technology Co., Ltd., with a registered capital of CNY 5 million, where the company holds a 51% stake[16]. - On September 4, 2023, the company received approval from the China Securities Regulatory Commission to issue convertible bonds to unspecified investors[16]. - The company is preparing for the listing of the convertible bonds following the issuance results announced on October 20, 2023[17]. Accounting and Reporting - The company has not undergone an audit for the Q3 2023 report, as indicated in the financial statements[30]. - The company is implementing new accounting standards starting in 2023, which may affect future financial reporting[30].