Financial Performance - The company's operating revenue for Q3 2023 was ¥331,108,878.24, representing a decrease of 13.04% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was ¥1,974,151.73, a significant decline of 94.99% year-over-year[5]. - The basic earnings per share for Q3 2023 dropped to ¥0.01, down 96.77% from ¥0.31 in the same quarter last year[5]. - In the first three quarters of 2023, the company achieved operating revenue of CNY 950.33 million, a year-on-year decrease of 15.65%[18]. - The net profit for the first three quarters of 2023 was CNY 30.72 million, a significant decline of 68.76% year-on-year[18]. - The company reported a significant increase in sales and management expenses, with sales expenses rising by 29.86% and management expenses by 11.76% year-on-year[18]. - The company recorded a total comprehensive income of ¥30,979,943.52 for the quarter, significantly lower than ¥98,660,331.11 in the previous year[28]. Cash Flow - The company reported a net cash flow from operating activities of ¥8,552,920.93, a decrease of 68.87% year-over-year[5]. - Net cash flow from operating activities decreased by 68.87% to ¥855.29 million, mainly due to a decline in net profit by ¥67.61 million[13]. - The company reported a net cash flow of ¥14,246.89 million from financing activities, a decrease of 84.25% compared to the previous year[13]. - Cash inflow from financing activities was ¥291,989,361.65, a decrease from ¥1,256,790,354.60 in the same period last year[30]. - Net cash flow from investing activities worsened by 504.53% to -¥29,163.54 million, primarily due to purchases of structured deposits and principal-protected income certificates[13]. - The company reported a net loss in cash flow from investment activities of ¥291,635,389.40, compared to a loss of ¥48,242,027.37 in the previous year[30]. Assets and Liabilities - The total assets as of September 30, 2023, increased by 5.75% to ¥2,587,720,742.75 compared to the end of 2022[5]. - The company's total assets increased to ¥2,587,720,742.75 as of September 30, 2023, compared to ¥2,446,938,702.36 at the beginning of the year, marking a growth of 5.7%[25]. - Current liabilities rose to ¥843,628,347.59, an increase of 27.6% from ¥660,757,968.95 at the start of the year[25]. - The company's total liabilities increased to ¥758,269,790.72 after adjustments, up by ¥117,595.68[31]. - The company's cash and cash equivalents decreased to ¥353,345,818.99 from ¥512,852,931.35, representing a decline of 31.1%[24]. - Cash and cash equivalents at the end of the period totaled ¥299,277,516.33, a decrease from ¥954,915,185.15 at the end of the previous year[30]. Investments and Acquisitions - The company is investing CNY 2.34 billion in a PCB expansion project, with land use rights for approximately 63 acres acquired[20]. - The company's intangible assets increased by 93.44% to ¥8,783.02 million, attributed to the acquisition of land use rights for PCB expansion projects[11]. - Investment income increased significantly by 1,250.71% to ¥705.27 million, primarily from gains on principal-protected income certificates and derivatives[12]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 15,035[14]. - The largest shareholder, Li Jilin, holds 21.65% of the shares, amounting to 32,720,000 shares[15]. - The top ten shareholders collectively hold significant stakes, with the largest being Li Jilin and Mai Ruiming[15]. Accounting and Policy Changes - The company has made adjustments to its accounting policies effective January 1, 2023, due to new accounting standards issued by the Ministry of Finance[6]. - The company's total assets as of January 1, 2023, were adjusted to ¥2,446,938,702.36 after accounting policy changes, reflecting an increase of ¥656,578.14[31]. Market Conditions - The company faced challenges due to market demand decline, intensified competition, and pricing pressures in various electronic sectors[18]. - The company adopted a low-price strategy to secure orders in the domestic communication electronics sector, impacting overall gross margin[18].
金禄电子(301282) - 2023 Q3 - 季度财报