Financial Performance - The company's revenue for Q3 2023 was ¥125,027,642.14, a decrease of 7.43% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 was ¥26,772,507.29, down 16.50% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥26,437,850.79, a decrease of 13.04% compared to the previous year[5]. - Basic earnings per share for Q3 2023 were ¥0.24, down 38.46% year-on-year[5]. - Total operating revenue for Q3 2023 reached ¥367,640,636.82, an increase of 3.1% compared to ¥356,541,140.73 in Q3 2022[27]. - Total operating costs for Q3 2023 were ¥277,859,085.06, up from ¥268,276,565.03 in the same period last year, reflecting a year-over-year increase of 3.3%[27]. - The net profit for the third quarter of 2023 was CNY 102,065,468.36, an increase from CNY 81,922,132.95 in the same period last year, representing a growth of approximately 24.7%[28]. - Operating profit for the third quarter reached CNY 112,849,885.53, compared to CNY 88,616,680.99 in the previous year, indicating a year-over-year increase of about 27.3%[28]. - The company reported a total comprehensive income of CNY 102,065,468.36 for the quarter, compared to CNY 81,922,132.95 in the same period last year, an increase of about 24.7%[29]. Cash Flow and Investments - The operating cash flow for the period was ¥96,765,668.77, an increase of 116.76% compared to the same period last year[5]. - Cash received from operating activities increased by 515.36% to ¥21,213,247.17 due to higher bank deposit interest income[13]. - Cash received from investment decreased by 86.87% to ¥17,069,054.00 as a result of reduced purchases of bank wealth management products[13]. - Cash received from investment income dropped by 96.97% to ¥22,493.08, also due to decreased bank wealth management product purchases[13]. - The company incurred a net cash outflow from investing activities of CNY -135,918,191.27, compared to CNY -90,543,698.34 in the same quarter last year[32]. Assets and Liabilities - Total assets as of September 30, 2023, were ¥2,027,657,561.05, an increase of 1.09% from the end of the previous year[5]. - The company's cash and cash equivalents decreased to ¥1,286,548,643.61 as of September 30, 2023, down from ¥1,377,717,632.88 at the beginning of the year, representing a decline of 6.6%[23]. - Accounts receivable increased to ¥134,064,706.95 from ¥127,822,497.67, marking a rise of 4.7%[23]. - Inventory levels decreased to ¥96,010,981.23 from ¥110,239,590.55, indicating a reduction of 12.9%[23]. - Total liabilities decreased to ¥117,371,414.09 from ¥160,955,267.54, showing a significant reduction of 27%[25]. - Non-current assets totaled ¥463,088,948.15, up from ¥347,042,574.94, representing a substantial increase of 33.5%[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,568[16]. - The largest shareholder, Li Wenhua, holds 31.28% of the shares, totaling 34,375,001 shares[16]. Expenses - Sales expenses for the first nine months of 2023 increased by 33.94% to ¥12,970,782.77 due to higher exhibition and business development costs[12]. - Management expenses rose by 76.90% to ¥24,144,717.29, primarily due to increased employee compensation and asset depreciation[12]. - Research and development expenses amounted to CNY 49,227,876.01, up from CNY 42,831,444.08, reflecting an increase of approximately 14.0%[28]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[22].
维峰电子(301328) - 2023 Q3 - 季度财报