隆扬电子(301389) - 2023 Q3 - 季度财报

Financial Performance - Revenue for Q3 2023 was CNY 70,839,297, a decrease of 26.57% compared to CNY 96,475,250 in the same period last year[5] - Net profit attributable to shareholders for Q3 2023 was CNY 26,983,690, down 36.02% from CNY 42,176,040 year-on-year[5] - Basic earnings per share for Q3 2023 decreased by 50.00% to CNY 0.10 from CNY 0.20 in the same period last year[5] - Revenue for the third quarter decreased by 34.04% to CNY 198,047,700.09 compared to CNY 300,261,939.63 in the previous period[10] - Net profit fell by 40.28% to CNY 79,805,108.07 from CNY 133,627,373.19 in the prior year[10] - Total operating revenue for Q3 2023 was ¥198.05 million, a decrease of 34% compared to ¥300.26 million in the same period last year[22] - Net profit for Q3 2023 was ¥79.81 million, a decline of 40.2% from ¥133.63 million in Q3 2022[23] - Basic earnings per share for Q3 2023 were ¥0.28, compared to ¥0.63 in the same period last year[24] Cash Flow - Operating cash flow for the year-to-date period was CNY 50,371,000, a decline of 65.87% compared to CNY 147,572,300 in the previous year[5] - Cash flow from operating activities decreased by 65.87% to CNY 50,371,003.27, down from CNY 147,572,327.89[11] - The net cash flow from operating activities for Q3 2023 was ¥50,371,003.27, a decrease of 65.9% compared to ¥147,572,327.88 in Q3 2022[27] - Investment activities generated a net cash flow of CNY 64,377,016.60, a significant recovery from a negative CNY 181,444,669.62 in the previous period, representing a 135.48% change[11] - The net cash flow from investment activities was ¥64,377,016.60, a significant improvement from a negative cash flow of ¥181,444,669.62 in Q3 2022[27] - Cash outflow from financing activities totaled ¥204,442,659.96, compared to ¥1,039,053.66 in Q3 2022[27] - The net cash flow from financing activities was -¥202,773,909.96, contrasting with a positive cash flow of ¥5,766,906.34 in the previous year[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,282,502,496.10, representing a decrease of 5.02% from the previous year[5] - The company's equity attributable to shareholders decreased by 4.96% to CNY 2,212,975,997.11 compared to CNY 2,328,429,300.55 at the end of the previous year[5] - As of September 30, 2023, the total assets of Longyang Electronics (Kunshan) Co., Ltd. amounted to CNY 2,282,502,496.10, a decrease from CNY 2,403,248,267.97 at the beginning of the year, reflecting a decline of approximately 5.03%[19] - The company's current assets totaled CNY 2,092,761,779.94, down from CNY 2,295,279,435.82, indicating a decrease of about 8.84%[20] - The total liabilities decreased to ¥69.53 million from ¥74.82 million year-over-year[21] - The total liabilities of the company were not explicitly stated in the provided data, but the current liabilities included accounts payable of CNY 39,801,562.05, up from CNY 30,781,355.95, indicating an increase of about 29.5%[20] Changes in Assets - The company reported a significant reduction in accounts receivable, down 86.06% to CNY 134,230.52 due to decreased bill settlements[9] - Other current assets decreased by 89.98% to CNY 46,565.27, primarily due to a reduction in deductible input tax[9] - Accounts receivable fell to CNY 93,154,297.43 from CNY 104,295,408.94, a decrease of around 10.66%[20] - Inventory decreased slightly to CNY 45,742,510.58 from CNY 46,901,565.84, showing a reduction of about 2.46%[20] - The company's fixed assets increased to CNY 80,643,989.57 from CNY 71,553,015.17, reflecting a growth of approximately 12.4%[20] - Long-term assets totaled CNY 189,740,716.16, up from CNY 107,968,832.15, indicating a significant increase of about 75.5%[20] - The company’s intangible assets increased by 64.55% to CNY 14,900,671.36, primarily due to the acquisition of land use rights[10] Financial Adjustments and Policies - The company has made adjustments to its accounting policies in accordance with new regulations effective January 1, 2023, but these changes did not significantly impact financial results[6] - The company implemented new accounting standards starting January 1, 2023, affecting various financial statement items[28] - The company has not undergone an audit for the Q3 2023 report[29] Other Financial Metrics - Non-operating income for Q3 2023 included government subsidies amounting to CNY 372,446.48, with a total of CNY 481,121.31 year-to-date[7] - Financial expenses decreased by 70.31% to CNY -46,356,538.56, driven by increased interest income[10] - Research and development expenses increased to ¥20.81 million, up 21.4% from ¥17.18 million in the previous year[23] - The company reported a net foreign exchange loss of -¥377,154.75 in Q3 2023, compared to a gain of ¥188,805.38 in the same period last year[24] - Deferred income of CNY 5,441,846.38 was recognized, resulting from land subsidy payments received during the period[10] - Deferred tax assets were adjusted to ¥2,078,506.71 as of January 1, 2023, reflecting a decrease of ¥196,360.52 from the previous year[28] - The company reported a decrease in deferred tax liabilities to zero, down from ¥198,815.75 as of December 31, 2022[28] Strategic Financial Management - The company plans to release restricted shares in batches, with specific dates for release noted for various shareholders, indicating ongoing strategic financial management[17]