Financial Performance - The company's revenue for Q3 2023 was ¥125,841,576, a decrease of 2.54% compared to ¥129,118,140 in the same period last year[5]. - Net profit attributable to shareholders was ¥5,394,802.4, down 75.55% from ¥22,183,865 in Q3 2022[5]. - The basic earnings per share decreased by 82.55% to ¥0.0532 from ¥0.3064 in the same quarter last year[5]. - Total operating revenue for Q3 2023 reached CNY 348.36 million, a 3.1% increase from CNY 336.65 million in Q3 2022[24]. - Net profit for Q3 2023 was CNY 25.68 million, a decrease of 33.8% compared to CNY 38.80 million in the same period last year[25]. - Earnings per share (EPS) for Q3 2023 was CNY 0.2600, down from CNY 0.4593 in Q3 2022[26]. - The company reported a decrease in comprehensive income, totaling CNY 25.68 million compared to CNY 38.80 million in the prior year[26]. Assets and Liabilities - Total assets increased by 43.96% to ¥1,035,445,857.90 compared to ¥718,128,685.34 at the beginning of the year[5]. - Current assets totaled CNY 331,732,193.89, slightly up from CNY 330,957,620.21 at the start of the year, indicating a marginal increase of 0.2%[20]. - Non-current assets totaled CNY 703,713,664.01, up from CNY 388,320,092.12, showing an increase of about 81.1%[20]. - Total liabilities rose significantly to CNY 347.00 million, compared to CNY 91.85 million in the previous year[21]. - Total equity increased to CNY 688.44 million, up from CNY 627.43 million year-over-year[22]. Cash Flow - The company's cash flow from operating activities showed a significant decline, with a net cash outflow of ¥10,008,359 compared to an inflow of ¥74,760,342 in the previous year[5]. - Cash flow from operating activities showed a net outflow of CNY 10.01 million, contrasting with a net inflow of CNY 74.76 million in the previous year[26]. - The company reported a net cash outflow from operating activities of ¥-10,008,359.19, a decrease of 113.39% compared to the previous year[11]. - In Q3 2023, the net cash flow from investment activities was -220,332,665.87 CNY, compared to -150,579,674.00 CNY in Q3 2022, indicating a significant increase in cash outflow[27]. - The total cash inflow from financing activities was 248,565,418.00 CNY, down from 440,003,480.00 CNY in the same quarter last year, reflecting a decrease of approximately 43.5%[27]. - The net cash flow from financing activities was 174,038,018.26 CNY, compared to 201,670,442.28 CNY in Q3 2022, showing a decline of about 13.7%[27]. - The cash and cash equivalents at the end of Q3 2023 were 91,954,577.66 CNY, down from 155,329,368.23 CNY at the end of Q3 2022, representing a decrease of approximately 40.8%[27]. Inventory and Borrowings - Inventory increased by 43.80% to ¥117,876,422.20, primarily due to the addition of new subsidiary inventory[10]. - Short-term borrowings surged by 1123.95% to ¥120,094,666.66, primarily to ensure sufficient liquidity for operational needs[11]. - Accounts payable rose by 43.14% to ¥51,219,212.60, attributed to increased supplier payments[11]. - Cash and cash equivalents decreased to CNY 91,954,577.66 from CNY 147,638,443.19, representing a decline of about 37.8%[19]. - Accounts receivable surged to CNY 62,931,844.59, a significant increase from CNY 15,517,284.24, marking a growth of approximately 304.1%[19]. Expenses and Investments - Research and development expenses grew by 34.27% to ¥23,721,854.05, mainly due to increased direct R&D investments and stock incentive costs[11]. - Financial expenses rose by 229.38% to ¥1,375,982.05, primarily due to increased bank loan interest expenses[11]. - The cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was 151,753,632.18 CNY, compared to 100,369,884.27 CNY in the previous year, indicating a rise of 50.9%[27]. - The company received 134,500,000.00 CNY from investment recoveries, significantly higher than 40,000,000.00 CNY in Q3 2022, marking an increase of 236.3%[27]. Accounting Changes - The company has implemented changes in accounting policies effective from January 1, 2023, impacting the presentation of financial statements[6]. - The company has adopted new accounting standards effective January 1, 2023, impacting the financial reporting of deferred tax assets and liabilities[28]. - The adjustments related to the new accounting standards resulted in a deferred tax asset increase of 1,149,026.99 CNY and a deferred tax liability increase of 1,081,437.17 CNY as of December 31, 2022[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,701[13]. - The total number of restricted shares at the end of the period was 59,132,500, up from 54,300,000 at the beginning of the period[17]. - The company reported a significant increase in the number of shareholders participating in financing and securities trading activities, indicating growing investor interest[15]. Future Outlook - The company plans to unlock 6,000,000 shares from the initial restricted stock, increasing the total restricted shares to 21,000,000 by June 8, 2025[16]. - The company plans to focus on market expansion and new product development to drive future growth[25]. - The Q3 2023 report has not been audited, which may affect the reliability of the financial data presented[31].
腾亚精工(301125) - 2023 Q3 - 季度财报