Financial Performance - The company's operating revenue for Q3 2023 was ¥77,351,436.88, an increase of 44.40% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥25,312,866.48, a significant decrease of 5,740.97% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥26,282,804.45, down 7,971.90% from the previous year[3]. - The company reported a net loss of ¥57,667,693.90 for Q3 2023, compared to a net profit of ¥7,637,671.63 in Q3 2022, indicating a substantial decline in profitability[23]. - Basic and diluted earnings per share for Q3 2023 were both reported at -¥0.6118, a significant drop from ¥0.0810 in the same quarter last year[23]. Revenue Breakdown - The company's electronic waste disposal business generated revenue of ¥70,966,500, a 72.50% increase year-on-year, with a dismantling volume of 450,600 units, up 45.17%[6]. - The hazardous waste disposal business reported revenue of ¥87,837,700, a decrease of 20.25% year-on-year, with a gross profit of ¥3,333,300, down 89.38%[7]. - The automotive dismantling business achieved revenue of ¥26,883,400 during its trial operation, with a dismantling volume of 5,491 units[8]. - Total operating revenue for Q3 2023 reached ¥185,764,142.24, an increase of 22.8% compared to ¥151,284,519.74 in the same period last year[22]. Cash Flow and Liquidity - The cash flow from operating activities was -¥44,788,235.46, a decline of 238.71% compared to the same period last year[4]. - The net cash flow from operating activities decreased by 238.71% to -¥44.79 million, mainly due to lower cash collections and increased expenditures by subsidiaries[13]. - The net cash flow from investing activities improved by 30.81%, amounting to -¥162.64 million, attributed to reduced expenditures on investment projects and automotive dismantling[13]. - The net cash flow from financing activities surged by 855.33% to ¥151.44 million, driven by increased short-term loans and external investments in subsidiaries[13]. - Operating cash flow for the period was negative at -44,788,235.46 CNY, compared to a positive 32,290,185.05 CNY in the same period last year[25]. - Cash and cash equivalents decreased by 44.86% to ¥80,351,237.48 due to increased investment in projects[10]. - Cash and cash equivalents at the end of the period decreased to 74,610,535.48 CNY from 178,419,334.54 CNY year-over-year[26]. Assets and Liabilities - Total assets as of September 30, 2023, were ¥1,275,763,531.48, representing a 7.77% increase from the end of the previous year[4]. - The total liabilities rose to ¥444,241,551.04, compared to ¥312,667,300.93 in the previous year, indicating a 42.0% increase in financial obligations[22]. - The company's total equity decreased to ¥831,521,980.44 from ¥871,136,667.21, a decline of 4.5% year-on-year[22]. - Long-term borrowings increased by 463.95% to ¥108,278,923.22, primarily due to new loans for the subsidiary project[11]. - The company’s long-term borrowings increased to ¥108,278,923.22, compared to ¥19,200,000.00 in the previous year, indicating a shift towards more long-term financing[22]. Operational Costs - Operating costs increased by 63.67% to ¥200.69 million, primarily due to higher appliance dismantling volumes and the commencement of automotive dismantling by subsidiaries[12]. - Total operating costs surged to ¥250,600,455.58, up 62.5% from ¥154,149,286.81 year-on-year, primarily driven by a significant rise in operating costs[22]. - Management expenses rose by 66.40% to ¥21.54 million, mainly due to depreciation of the newly constructed R&D building and increased operational costs of subsidiaries[12]. Inventory and Impairment - Inventory increased significantly to ¥34.45 million from ¥9.36 million, indicating a rise in stock levels[20]. - The company reported an asset impairment loss of -¥4.01 million, a significant increase of 611.44%, primarily due to inventory write-downs[12]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,485, with the top two shareholders, Li Guangrong and Gao Zhijiang, each holding 29.10% of shares[14]. Research and Development - Research and development expenses increased to ¥12,311,113.34, up 92.5% from ¥6,382,624.73 in the previous year, reflecting the company's commitment to innovation[22]. Other Information - The company did not undergo an audit for the third quarter report[27]. - The company has not adopted the new accounting standards for the current year[28].
超越科技(301049) - 2023 Q3 - 季度财报