Shanghai Orient-Chip Technology (688061)2024-10-29 09:22Revenue and Profitability - Revenue for Q3 2024 reached ¥145,936,997.98, an increase of 30.56% year-over-year[2] - Net profit attributable to shareholders was -¥17,054,254.57 for Q3 2024, with a year-to-date net profit of -¥23,033,756.42[2] - The year-to-date net profit attributable to shareholders decreased by 47.78% compared to the previous year[6] - The net loss for the third quarter of 2024 was CNY 23,033,756.42, compared to a net loss of CNY 15,586,474.13 in the same quarter of 2023, reflecting a worsening of approximately 47.5%[15] - The total comprehensive income for the third quarter of 2024 was CNY -22,501,488.51, compared to CNY -15,680,488.24 in the same quarter of 2023, showing a decline of approximately 43.5%[16] Research and Development - R&D expenses totaled ¥41,205,440.77 in Q3 2024, representing 28.24% of revenue, a decrease of 0.67 percentage points compared to the previous year[3] - The company plans to continue increasing R&D investment to enhance product development and market competitiveness[6] - Research and development expenses for the first three quarters of 2024 totaled CNY 111,608,335.49, compared to CNY 86,726,348.22 in 2023, marking an increase of around 28.7%[13] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥2,700,299,218.73, a decrease of 2.59% from the end of the previous year[3] - The company's cash and cash equivalents decreased to CNY 343,899,034.62 from CNY 704,481,915.84, representing a decline of approximately 51.3%[11] - The total current assets decreased to CNY 2,026,714,576.57 from CNY 2,415,508,299.49, indicating a reduction of about 16.1%[11] - The company's total liabilities as of the third quarter of 2024 amounted to CNY 219,081,398.55, slightly down from CNY 220,046,556.63 in the previous year[13] - The total equity attributable to shareholders was CNY 2,481,217,820.18, a decrease from CNY 2,552,015,909.08 in the same period of 2023, representing a decline of approximately 2.8%[13] Cash Flow - The company reported a net cash flow from operating activities of -¥66,168,281.44 year-to-date[2] - Cash inflow from operating activities for the first three quarters of 2024 reached approximately 274.00 million in the same period of 2023, representing a growth of 57.3%[17] - The net cash flow from operating activities improved to -83.26 million in 2023, indicating a reduction in cash outflow by 20.5%[17] - The net cash flow from investment activities was -1.25 billion in 2023, showing a reduction in losses by 76.7%[18] - The ending cash and cash equivalents balance decreased to approximately 430.80 million in 2023, a decline of 35.3%[18] Operational Performance - Total operating revenue for the first three quarters of 2024 reached CNY 416,310,367, a significant increase from CNY 303,210,092 in the same period of 2023, representing a growth of approximately 37.3%[13] - Total operating costs for the first three quarters of 2024 were CNY 476,136,005.57, up from CNY 341,393,475.95 in 2023, indicating an increase of about 39.4%[13] - Cash inflow from sales of goods and services increased to approximately 256.42 million in 2023, representing a growth of 38.7%[17] - The company reported cash outflows for purchasing goods and services of approximately 223.52 million in 2023, reflecting an increase of 47.2%[17] Other Financial Information - Government subsidies recognized in Q3 2024 amounted to ¥5,462,793.20, contributing to non-operating income[4] - The company experienced significant foreign exchange losses due to fluctuations in the USD exchange rate, impacting net profit[6] - The financial expenses for the first three quarters of 2024 were CNY 582,781.97, a significant change from CNY -12,312,429.72 in 2023, indicating a reversal in financial performance[13] - The company received tax refunds of approximately 2.55 million in 2023, an increase of 368.5%[17] Shareholder Information - There are no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[9] - The company has not identified any related party transactions among its shareholders in the current reporting period[9] - The company has not disclosed any new product developments or market expansion strategies in the current report[9]