SBS(002098)2023-10-26 16:00Financial Performance - The company's revenue for Q3 2023 was ¥521,900,537.73, a decrease of 0.78% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥40,549,162.81, an increase of 254.22% year-on-year[4]. - The net profit after deducting non-recurring gains and losses was ¥37,563,856.52, up 185.10% from the previous year[4]. - Total operating revenue for Q3 2023 was CNY 1,439,259,251.22, a decrease of 11.0% compared to CNY 1,617,455,230.18 in the same period last year[29]. - The company's net profit attributable to shareholders increased to CNY 386,602,507.86, compared to CNY 285,088,498.39 in the same period last year[28]. - The net profit for the third quarter of 2023 was CNY 99,771,031.85, an increase from CNY 57,264,326.06 in the same period last year, representing a growth of approximately 74.5%[30]. - The total operating profit for the quarter was CNY 110,795,019.32, compared to CNY 62,996,818.08 in the previous year, indicating a year-over-year increase of about 76%[30]. - The total comprehensive income attributable to the parent company was CNY 101,614,731.94, compared to CNY 73,802,149.43 in the previous year, indicating a growth of approximately 37.7%[30]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,882,268,804.94, reflecting a 2.03% increase from the end of the previous year[4]. - Total assets as of Q3 2023 were CNY 1,882,268,804.94, compared to CNY 1,844,780,512.34 at the end of the previous quarter[28]. - Total liabilities decreased to CNY 692,980,960.96, down from CNY 753,447,563.03 in the previous quarter[27]. - The company's cash and cash equivalents decreased from 304,716,496.84 yuan at the beginning of the year to 242,867,197.27 yuan by September 30, 2023[25]. - Cash and cash equivalents at the end of Q3 2023 were CNY 978,381,884.70, an increase from CNY 934,118,452.13 in the previous quarter[26]. - The company’s cash and cash equivalents at the end of the period were CNY 237,137,191.36, compared to CNY 204,432,392.58 at the end of the previous year, reflecting an increase of about 15.9%[33]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,049[15]. - The largest shareholder, Tianjin Huizefeng Enterprise Management Co., Ltd., holds 25% of the shares, totaling 89,500,000 shares, all of which are pledged and frozen due to debt disputes[19]. - Shareholders holding more than 5% of the company's shares collectively own 217,432,579 shares, accounting for approximately 60.74% of the total share capital[18]. Research and Development - R&D expenses for Q3 2023 were CNY 72,984,631.31, slightly up from CNY 70,739,908.88 in the previous year[29]. - The total number of authorized patents as of September 30, 2023, is 762, including 275 invention patents, 348 utility model patents, and 139 design patents[22]. - The company has issued a total of 58 new patents in the first nine months of 2023, including 12 invention patents[22]. Cash Flow - The company’s cash flow from operating activities for the year-to-date was ¥137,788,502.03, down 32.10% compared to the previous year[4]. - Cash flow from operating activities for the current period was CNY 137,788,502.03, down from CNY 202,935,153.27 in the previous year, reflecting a decrease of approximately 32%[32]. - The net cash flow from investing activities was -CNY 92,638,161.42, worsening from -CNY 60,760,146.40 in the previous year[33]. - The net cash flow from financing activities was -CNY 96,757,940.19, compared to -CNY 115,436,086.86 in the same period last year, showing an improvement of approximately 16.2%[33]. Corporate Governance - The company has made significant improvements in corporate governance and internal controls during the reporting period[23]. - The company has been under investigation by the China Securities Regulatory Commission since October 25, 2018, for suspected violations of information disclosure regulations[20]. Other Income - Other income decreased by 35.76% to ¥5,168,956.76, primarily due to a reduction in government subsidies received[11]. - The company recorded a 401.11% increase in non-operating income, amounting to ¥4,042,933.87, mainly from the sale of pollution discharge rights[12]. Inventory and Accounts Receivable - Inventory increased to CNY 277,483,484.37, up 4.4% from CNY 265,989,660.71 in the previous quarter[26]. - Accounts receivable increased from 323,408,972.45 yuan at the beginning of the year to 379,382,226.78 yuan by September 30, 2023[25]. Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[29]. Audit Information - The company did not undergo an audit for the third quarter report[34].