Financial Performance - The company's revenue for Q3 2023 was ¥177,824,709.48, a decrease of 9.88% compared to the same period last year[5] - Net profit attributable to shareholders was ¥2,622,670.25, down 91.64% year-on-year[5] - The basic earnings per share for Q3 2023 was ¥0.027, reflecting a decline of 95.34% compared to the previous year[5] - Total operating revenue for the period was CNY 467,775,042.34, a decrease of 12.0% compared to CNY 531,537,664.42 in the previous period[22] - The net profit for Q3 2023 was CNY 17,201,459.64, a decrease from CNY 66,447,219.24 in Q3 2022, representing a decline of approximately 74.1%[23] - Operating profit for Q3 2023 was CNY 19,021,526.24, down from CNY 76,586,103.91 in the same period last year, indicating a decrease of approximately 75.2%[23] - The company reported a total comprehensive income of CNY 18,246,000.85 for Q3 2023, down from CNY 66,447,219.24 in Q3 2022, a decline of about 72.5%[24] - Basic and diluted earnings per share for Q3 2023 were both CNY 0.15, compared to CNY 1.23 in Q3 2022, reflecting a decrease of approximately 87.8%[24] Cash Flow and Assets - The company reported a significant decrease in cash flow from operating activities, down 77.54% to ¥11,986,644.12 year-to-date[5] - The net cash flow from operating activities for the first nine months of 2023 was ¥11,986,644.12, a decrease of 77.54% compared to ¥53,370,726.71 in the same period of 2022[9] - The company's cash and cash equivalents decreased to CNY 145,330,431.41 from CNY 235,558,062.43 at the beginning of the year, representing a decline of 38.3%[18] - Cash and cash equivalents at the end of Q3 2023 were CNY 143,430,431.41, down from CNY 309,602,434.96 at the end of Q3 2022, a decrease of about 53.7%[26] - The total cash outflow from investing activities for Q3 2023 was CNY 911,873,488.99, compared to CNY 1,296,107,426.82 in Q3 2022, indicating a decrease of approximately 29.7%[26] Assets and Liabilities - Total assets increased to ¥1,233,945,933.93, representing a growth of 13.79% from the end of the previous year[5] - Total assets increased to CNY 1,233,945,933.93 from CNY 1,084,379,490.26, marking a growth of 13.8%[20] - Total liabilities rose to CNY 372,586,712.57, compared to CNY 234,536,191.02, indicating a significant increase of 58.9%[20] - The company’s total equity attributable to shareholders decreased slightly by 0.34% to ¥846,987,730.38[5] - The company's equity attributable to shareholders decreased slightly to CNY 846,987,730.38 from CNY 849,843,299.24[20] Investments and Acquisitions - The company acquired Dongguan Runzhong Electronics Co., which contributed to a 105.15% increase in fixed assets to ¥377,383,233.32[8] - The company’s goodwill reached ¥42,573,345.64 due to the acquisition of Dongguan Runzhong[8] - The net cash flow from investing activities was -¥163,328,392.29, an increase of 280.58% from -¥42,915,913.13 in the previous year, primarily due to the acquisition of Dongguan Runzhong and increased long-term assets[9] Expenses and Income - Sales expenses rose to ¥13,893,522.20, a 42.25% increase from ¥9,766,835.14, driven by an increase in sales staff and related compensation[9] - Research and development expenses increased to CNY 33,265,008.01 in Q3 2023, up from CNY 28,598,328.35 in Q3 2022, reflecting a growth of about 16.7%[23] - Investment income increased by 72.71% to ¥762,123.08 from ¥441,275.17, mainly due to higher financial management returns[9] - The company reported a significant decrease in financial expenses, which were -¥465,258.38, down 96.56% from -¥13,530,507.60, primarily due to reduced exchange gains[9] - Other income decreased by 88.86% to ¥934,638.32 from ¥8,387,281.94, mainly due to a reduction in government subsidies related to daily operations[9] - The company experienced a 79.29% decrease in income tax expenses, which were ¥1,886,968.32 compared to ¥9,110,243.34 in the previous year, due to a reduction in total profit[9] Future Outlook and Strategic Initiatives - The company is in the process of issuing convertible bonds, pending approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission[16] - The company plans to continue its market expansion and product development strategies in the upcoming quarters[16] - The report does not mention any market expansion or acquisition strategies[27] - There are no new strategic initiatives outlined in the report[27] Reporting and Compliance - The third quarter report of Shenzhen Xianying Technology Co., Ltd. is unaudited[27] - The company has implemented new accounting standards starting from 2023[27] - The report was released on October 27, 2023[27] - No specific financial performance metrics or user data were provided in the report[27] - There are no details on future outlook or performance guidance in the report[27] - The report does not provide any comparative financial data or percentage changes[27] - The company’s board of directors has approved the third quarter report[27]
显盈科技(301067) - 2023 Q3 - 季度财报