Financial Performance - The company's revenue for Q3 2023 was ¥145,728,820.86, a decrease of 0.23% compared to the same period last year, and a year-to-date revenue of ¥380,533,757.57, down 17.83%[5] - Net profit attributable to shareholders for Q3 2023 was ¥6,445,271.24, a decline of 65.10%, with a year-to-date net profit of ¥17,195,146.02, down 74.17%[5] - Basic and diluted earnings per share for Q3 2023 were both ¥0.08, reflecting a decrease of 65.74% compared to the same period last year[5] - Total operating revenue for Q3 2023 was CNY 380,533,757.57, a decrease of 17.8% compared to CNY 463,110,021.73 in Q3 2022[20] - Net profit for Q3 2023 was CNY 22,510,026.86, a decline of 66.9% from CNY 68,145,871.63 in Q3 2022[21] - The net profit attributable to shareholders of the parent company was CNY 17,195,146.02, down 74.2% from CNY 66,575,640.83 in the previous year[21] - Total comprehensive income for the third quarter was CNY 22,862,780.09, a decrease from CNY 68,134,191.53 in the previous year[22] - Net profit attributable to the parent company was CNY 17,547,899.25, down from CNY 66,563,960.73 year-over-year[22] - Basic and diluted earnings per share for the quarter were CNY 0.21, compared to CNY 0.81 in the same period last year[22] Assets and Liabilities - Total assets at the end of Q3 2023 were ¥928,808,035.87, an increase of 2.45% from the end of the previous year[5] - Total assets increased to CNY 928,808,035.87 in Q3 2023, compared to CNY 906,573,996.68 in Q3 2022, reflecting a growth of 2.6%[19] - Total liabilities rose to CNY 328,013,456.22, up from CNY 320,416,947.12, indicating a 2.0% increase year-over-year[19] - Non-current assets totaled CNY 402,134,006.77, an increase of 33.8% from CNY 300,490,054.47 in the previous year[19] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥13,242,943.27, a significant increase of 125.57%[5] - Cash flow from operating activities generated a net cash inflow of CNY 13,242,943.27, a significant improvement from a net outflow of CNY 51,794,486.27 in the previous year[23] - Cash inflow from operating activities totaled CNY 377,967,156.52, up from CNY 249,175,304.94 year-over-year[23] - Cash outflow from operating activities was CNY 364,724,213.25, compared to CNY 300,969,791.21 in the previous year[23] - Net cash flow from investing activities was CNY -96,476,396.69, worsening from CNY -24,981,540.55 in the previous year[23] - Cash flow from financing activities generated a net inflow of CNY 7,039,033.88, compared to a net outflow of CNY -19,977,519.72 in the previous year[23] - The ending balance of cash and cash equivalents was CNY 127,274,658.06, down from CNY 155,396,234.99 at the end of the previous year[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 6,870[12] - The largest shareholder, Xinchang Yuanwei Technology Co., Ltd., holds 55.43% of shares, totaling 45,316,225 shares[12] - The number of shares held by the top ten unrestricted shareholders includes 996,700 shares held by Lu Jiaqing and 916,585 shares held by China International Capital Corporation Hong Kong Asset Management Limited[13] - The total number of restricted shares at the end of the period is 58,487,552 shares, with no new restrictions added during the reporting period[14] - The company plans to lift restrictions on certain shares on September 1, 2024[14] Operational Metrics - The company reported a 303.14% increase in short-term borrowings, totaling ¥21,832,000.00, primarily due to increased liquidity needs for procurement[9] - The company experienced a 56.66% decrease in receivables financing, amounting to ¥15,775,813.10, attributed to reduced sales during the reporting period[9] - The company reported a 139.57% increase in tax liabilities, totaling ¥9,053,035.97, primarily due to increased VAT and income tax from subsidiaries[9] - Accounts receivable increased from ¥136,975,196.07 to ¥157,100,534.23, representing a growth of about 14%[17] - Inventory rose from ¥159,208,457.06 to ¥182,954,471.28, indicating an increase of approximately 15%[17] - The total current assets decreased from ¥606,083,942.21 to ¥526,674,029.10, a reduction of about 13%[17] Research and Development - Research and development expenses for Q3 2023 were CNY 18,991,555.29, a decrease of 8.5% compared to CNY 20,775,166.07 in Q3 2022[20] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[15] - The third quarter report was not audited[24]
远信工业(301053) - 2023 Q3 - 季度财报