Financial Performance - The company's operating revenue for Q3 2023 was ¥69,138,551.95, a decrease of 42.64% compared to the same period last year[5] - The net profit attributable to shareholders was ¥3,172,007.63, down 78.56% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,667,164.00, a decline of 111.30% compared to the previous year[5] - The basic earnings per share for Q3 2023 was ¥0.04, representing an 85.71% decrease from the same period last year[5] - Operating revenue for Q3 2023 was CNY 199,194,241.81, a decrease of 33.50% compared to CNY 299,551,223.48 in the same period last year[10] - The net profit for Q3 2023 was CNY 15,149,900.52, a decrease of 66.7% compared to CNY 45,512,973.05 in Q3 2022[21] - Operating profit for Q3 2023 was CNY 16,360,384.72, down from CNY 53,120,782.90 in the same period last year, representing a decline of 69.1%[21] - Total comprehensive income for Q3 2023 was CNY 15,149,900.52, significantly lower than CNY 45,512,973.05 in Q3 2022[22] - The company reported a basic and diluted earnings per share of CNY 0.22, down from CNY 0.85 in the previous year[22] Cash Flow and Expenses - The company’s cash flow from operating activities showed a net outflow of -¥22,781,205.68, a decline of 360.57% compared to the previous year[5] - The net cash flow from operating activities was -CNY 22,781,205.68, a decline of 360.57% compared to CNY 8,742,920.56 in the previous year[10] - Financing activities resulted in a net cash outflow of -CNY 67,099,449.70, a significant increase of 745.55% compared to -CNY 7,935,582.50 last year, due to loan repayments and cash dividends[10] - The company incurred a total of CNY 150,000.00 in non-operating expenses during the quarter, compared to CNY 33,487.01 in the previous year[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,262,018,602.14, a decrease of 0.79% from the end of the previous year[5] - The total assets as of September 30, 2023, were CNY 1,262,018,602.14, slightly down from CNY 1,272,045,564.12 at the beginning of the year[19] - The total liabilities decreased from CNY 282,969,082.59 to CNY 257,809,167.96, reflecting a reduction of 8.9%[19] - The company reported a total equity of CNY 1,004,209,434.18 as of September 30, 2023, up from CNY 989,076,481.53 at the beginning of the year[19] Inventory and Investments - The company reported a significant increase in inventory, which rose by 38.88% to ¥150,792,997.91 due to an increase in raw materials and goods[9] - The company’s long-term equity investments decreased by 100% as a result of a subsidiary becoming a wholly-owned subsidiary during the reporting period[9] - The company’s goodwill increased to ¥3,707,488.25 due to the acquisition of a subsidiary[9] - Investment activities generated a net cash flow of -CNY 4,762,591.24, a 67.50% improvement from -CNY 14,652,691.80 in the prior period[10] - Investment activities resulted in a net cash outflow of CNY 4,762,591.24, compared to a larger outflow of CNY 14,652,691.80 in Q3 2022[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,962[12] - The largest shareholder, Chen Wandong, holds 31.00% of the shares, totaling 22,207,500 shares[12] Research and Development - Research and development expenses increased to CNY 26,491,107.04 from CNY 20,514,810.44, marking a rise of 29% year-over-year[20] Other Income and Expenses - The company received government subsidies amounting to ¥5,061,996.38 during the reporting period, contributing to its non-recurring gains[6] - Other income increased by 172.59% to CNY 13,257,320.62, mainly due to an increase in government subsidies received[10] - The company reported a decrease in income tax expenses by 85.35%, amounting to CNY 1,109,789.07 compared to CNY 7,574,428.89 in the previous year[10] - Accounts receivable increased from CNY 209,152,212.77 to CNY 235,337,430.64, indicating a rise of 12.5%[17] - The company's cash and cash equivalents decreased from CNY 473,934,266.64 at the beginning of the year to CNY 378,741,892.83 by September 30, 2023[17] - Cash and cash equivalents at the end of Q3 2023 were CNY 377,422,814.63, a decrease from CNY 472,066,061.25 at the beginning of the period[25] - Financial expenses showed a significant decrease of 320.81%, resulting in a net income of -CNY 5,274,762.48, attributed to increased interest income from bank deposits[10]
瑞晨环保(301273) - 2023 Q3 - 季度财报