Financial Performance - The company's operating revenue for Q3 2023 was CNY 198,630,493, a decrease of 0.80% compared to CNY 200,222,550 in the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 was CNY 16,014,640, representing a 20.06% increase from CNY 13,406,797 in the previous year[5]. - The net profit after deducting non-recurring gains and losses was CNY 14,910,600, up 24.44% from CNY 12,050,231 in the same period last year[5]. - Basic earnings per share for Q3 2023 increased by 25.00% to CNY 0.20, compared to CNY 0.17 in Q3 2022[5]. - The minority shareholders' profit decreased by 70.97% to CNY 3,167,803.71, primarily due to reduced profits from the controlling subsidiary[15]. - Net profit for the period was ¥64,960,144.56, representing a 4.6% increase from ¥62,050,881.00 in the prior period[20]. - The net profit attributable to shareholders of the parent company was ¥61,792,340.85, compared to ¥51,139,947.29, marking a significant increase of 20.7%[20]. - Basic and diluted earnings per share were both ¥0.76, up from ¥0.63 in the previous period[20]. Assets and Liabilities - Total assets as of September 30, 2023, were CNY 1,839,897,816.17, reflecting a 4.51% increase from CNY 1,759,152,762.65 at the beginning of the year[5]. - Total liabilities increased to ¥1,130,199,137.62 from ¥1,111,351,542.01, reflecting a rise of 1.7%[18]. - Shareholders' equity attributable to the company was CNY 663,711,415.22, a 10.27% increase from CNY 601,907,795.05 at the beginning of the year[5]. - Total equity attributable to shareholders of the parent company rose to ¥663,711,415.22 from ¥601,919,074.37, an increase of 10.3%[18]. Cash Flow - Cash flow from operating activities showed a significant decline of 57.46%, totaling CNY 89,884,049 compared to CNY 57,085,399 in the previous year[5]. - The net cash flow from operating activities for Q3 2023 was -89,884,049.22 CNY, compared to -57,085,399.55 CNY in Q3 2022, indicating a decline in operational cash flow[22]. - Total cash inflow from operating activities was 408,689,898.56 CNY, while total cash outflow was 498,573,947.78 CNY, resulting in a net cash outflow of 89,884,049.22 CNY[22]. - Cash and cash equivalents at the end of Q3 2023 stood at 63,771,626.39 CNY, down from 81,002,448.32 CNY at the beginning of the quarter[23]. - The company reported a net cash outflow from investing activities of -8,555,136.53 CNY, compared to -5,773,505.98 CNY in the same period last year[22]. - Cash inflow from financing activities was 287,500,000.00 CNY, while cash outflow was 206,291,636.18 CNY, resulting in a net cash inflow of 81,208,363.82 CNY[22]. Accounting Changes - The company implemented a change in accounting policy effective January 1, 2023, affecting the presentation of financial statements[6]. - The company has implemented new accounting standards starting January 1, 2023, affecting deferred tax assets and liabilities[24]. - The impact of the new accounting standards resulted in a deferred tax asset adjustment of 1,316,603.32 CNY and a deferred tax liability adjustment of 1,298,249.47 CNY[25]. - The company’s net profit attributable to shareholders decreased by 19,824.57 CNY due to the adjustments from the new accounting standards[25]. Operational Metrics - Accounts receivable increased by 80.92% to CNY 770,254,618.98, primarily due to new income not yet settled[11]. - The company's long-term borrowings increased by 69.19% to CNY 166,650,000.00 compared to CNY 98,500,000.00 in the previous period[17]. - The other receivables rose by 39.41% to CNY 4,347,532.15, primarily due to an increase in reserve funds[15]. - The construction in progress surged by 973.64% to CNY 28,306,964.26, attributed to increased investment in new projects[15]. - The company's revenue from other income increased by 52.52% to CNY 6,648,729.96, mainly due to higher government subsidies received[15]. - The tax and surcharges increased by 36.49% to CNY 8,083,302.53, driven by higher income during the period[15]. - The impairment losses on credit increased by 76.47% to CNY -22,223,327.32, mainly due to reduced collections leading to higher bad debt provisions[15]. - Research and development expenses for the period were ¥42,895,358.58, up from ¥36,760,275.32, indicating a growth of 16.5%[19].
陕西华达(301517) - 2023 Q3 - 季度财报