Financial Performance - The company's operating revenue for Q3 2023 was CNY 248.26 million, representing a 4.05% increase compared to CNY 238.60 million in the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 decreased by 8.79% to CNY 26.97 million from CNY 29.69 million year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 22.34 million, down 21.04% from CNY 28.41 million in the previous year[5]. - The company's basic earnings per share for Q3 2023 were CNY 0.1609, down 20.78% from CNY 0.2031 in the same period last year[5]. - The net profit for Q3 2023 was CNY 58,477,893.08, a decrease of 26.3% compared to CNY 79,327,238.12 in Q3 2022[21]. - The total operating profit for Q3 2023 was CNY 73,065,180.35, down 23.5% from CNY 95,607,120.06 in the same period last year[21]. - The basic and diluted earnings per share for Q3 2023 were both CNY 0.3488, a decline from CNY 0.4731 in Q3 2022[22]. - The company reported a decrease in total revenue from CNY 891,298,636.19 in Q3 2022 to CNY 764,782,966.67 in Q3 2023[22]. - The total comprehensive income for Q3 2023 was CNY 58,435,246.73, down from CNY 79,317,619.47 in the previous year[21]. Assets and Liabilities - The company's total assets at the end of Q3 2023 were CNY 2.72 billion, an increase of 3.40% from CNY 2.63 billion at the end of the previous year[5]. - The total liabilities increased significantly, with lease liabilities rising by 250.16% to RMB 4.95 million due to increased property rentals[10]. - The total liabilities increased to ¥688,217,140.21 from ¥623,610,090.37, reflecting a rise of approximately 10.4%[19]. - The company's cash and cash equivalents decreased to ¥1,115,202,202.29 from ¥1,257,072,774.30, a decline of about 11.3%[18]. - The total equity attributable to shareholders increased to ¥2,033,436,708.77 from ¥2,008,536,320.04, representing a growth of approximately 1.2%[20]. Cash Flow - The company reported a net cash flow from operating activities of CNY 145.60 million, a significant increase of 118.15% compared to CNY 66.78 million in the previous year[5]. - Cash flow from operating activities for Q3 2023 was CNY 145,597,098.72, a significant improvement from a negative cash flow of CNY 802,098,305.19 in Q3 2022[22]. - Cash flow from investing activities showed a net outflow of CNY 212,094,471.78 in Q3 2023, compared to a net outflow of CNY 293,622,554.08 in Q3 2022[23]. - Cash flow from financing activities resulted in a net outflow of CNY 72,559,974.09 in Q3 2023, contrasting with a net inflow of CNY 1,284,502,280.02 in Q3 2022[23]. Government Subsidies and Non-Recurring Gains - The company received government subsidies amounting to CNY 5.12 million, contributing to its non-recurring gains[7]. - The company experienced a 63.15% decrease in non-operating income, which fell to RMB 0.89 million, primarily due to a reduction in non-operating gains[10]. Investments and Expenses - The company experienced a 114.11% increase in trading financial assets, reaching CNY 253.40 million due to investments made with idle funds[9]. - Research and development expenses for the third quarter were ¥26,973,205.38, slightly down from ¥29,507,173.17 in the previous year, indicating a decrease of about 8.6%[20]. - The company's financial expenses decreased by 32.06% to RMB 10.10 million, mainly due to increased interest income[10]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,341, with no preferred shareholders[12]. Accounting Adjustments - The company has implemented new accounting standards starting from January 1, 2023, affecting the presentation of financial statements[24]. - As of December 31, 2022, the company's retained earnings were adjusted to RMB 414,910,805.98, reflecting a decrease of RMB 154,430.49[27]. - The deferred tax assets remained unchanged at RMB 36,213,483.58 after adjustments, while deferred tax liabilities increased to RMB 915,093.87[27]. - The cumulative impact of adjustments related to Interpretation No. 16 was reflected in the financial statements as of January 1, 2022[25]. - The company’s unallocated profits were adjusted to RMB 414,859,861.19 as of January 1, 2022, reflecting a decrease of RMB 49,706.51[25]. Inventory and Prepaid Expenses - The company reported a significant increase in inventory, which rose to ¥362,473,382.16 from ¥318,898,478.84, marking an increase of approximately 13.6%[18]. - The company's long-term prepaid expenses increased by 1792.72% to RMB 3.35 million, primarily due to an increase in membership fees for the Taiwan Compatriots Investment Enterprises Association[10]. Audit Status - The third quarter report for 2023 was not audited[28].
冠龙节能(301151) - 2023 Q3 - 季度财报