Kitech(SZ:300995)2024-01-17 16:00Financial Performance - The company's revenue for Q3 2023 was ¥67,545,459.95, representing a 21.71% increase compared to the same period last year[5]. - The net profit attributable to shareholders decreased by 58.91% year-on-year to ¥1,332,835.35[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 63.07% to ¥898,762.12[5]. - Basic and diluted earnings per share both decreased by 58.91% to ¥0.0158[5]. - Net profit for Q3 2023 was ¥5,041,035.74, a decrease of 68.9% from ¥16,219,364.66 in Q3 2022[22]. - Earnings per share for Q3 2023 were ¥0.0601, down from ¥0.1978 in the previous year[22]. - The net profit for the year-to-date period decreased by 69.63% compared to the same period last year[5]. - The total comprehensive income for Q3 2023 was ¥5,072,629.24, down from ¥16,219,364.66 in Q3 2022[22]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥8,509,234.57, a decrease of 124.90% compared to the previous year[5]. - The company reported a significant decrease in cash flow due to longer collection periods from automotive sector clients[12]. - Operating cash flow for the period was negative at -8,509,234.57 CNY, a significant decrease from 34,167,692.57 CNY in the previous period, indicating a decline in operational efficiency[23]. - The company experienced a cash inflow from operating activities totaling 204,936,460.62 CNY, compared to 245,763,392.81 CNY in the previous year, indicating a decline in sales performance[23]. - The company did not report any cash inflow from new investments or acquisitions during the period, indicating a cautious approach to expansion[23]. - The company reported a total cash and cash equivalents balance of 36,453,275.39 CNY at the end of the period, down from 46,382,319.22 CNY in the previous year[24]. - The company's cash and cash equivalents decreased from 55,130,471.97 yuan at the beginning of the year to 42,180,554.54 yuan by September 30, 2023[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥770,964,905.00, an increase of 1.36% from the end of the previous year[5]. - Total liabilities as of the end of Q3 2023 amounted to ¥139,399,181.39, compared to ¥124,017,702.63 at the end of Q3 2022, representing a 12.4% increase[21]. - The equity attributable to shareholders decreased by 1.05% to ¥630,689,187.63 compared to the end of the previous year[5]. - Total equity attributable to shareholders of the parent company was ¥630,689,187.63, slightly down from ¥635,701,406.78 year-over-year[21]. - The company recognized an asset impairment provision of 4.1514 million yuan for mask and meltblown fabric equipment by September 30, 2023[14]. Investment and Expenses - Research and development expenses for Q3 2023 were ¥10,021,883.20, compared to ¥9,953,132.51 in Q3 2022, indicating a slight increase[21]. - Sales expenses increased by 28.23% compared to the same period last year to expand into the new energy vehicle market and Southeast Asian markets[14]. - The company reported a financial expense of ¥313,650.77 in Q3 2023, a significant improvement from a financial income of -¥768,160.79 in the same period last year[21]. - Total operating costs for Q3 2023 were ¥196,091,371.05, up from ¥190,292,011.07 in the same period last year, reflecting a 3.9% increase[21]. Government Subsidies and Non-Recurring Items - Non-recurring gains and losses for the reporting period included government subsidies of ¥312,814.46[6]. - Government subsidies received from the beginning of the year to the end of the reporting period decreased by 3.5227 million yuan, a decline of 88.88% compared to the same period last year[14].