UCAP(688228)2024-10-29 09:41Revenue and Profit - Revenue for the third quarter was RMB 74.25 million, an increase of 11.36% year-over-year[2] - Year-to-date revenue reached RMB 229.38 million, a significant increase of 39.41% compared to the same period last year[2] - Total revenue for the first three quarters of 2024 reached 229.38 million RMB, a significant increase from 164.54 million RMB in the same period of 2023[13] - Net profit attributable to shareholders for the quarter was RMB 302,174, while the year-to-date net loss was RMB 16.08 million[2] - Net profit for the first three quarters of 2024 was -32.80 million RMB, slightly worse than -30.57 million RMB in the same period of 2023[15] - Basic and diluted earnings per share for the quarter were both RMB 0.01[3] - Basic earnings per share for the first three quarters of 2024 were -0.24 RMB, compared to -0.23 RMB in the same period of 2023[16] - Total comprehensive income for the first three quarters of 2024 was -32.80 million RMB, slightly worse than -30.57 million RMB in the same period of 2023[16] R&D and Investment - R&D investment for the quarter was RMB 25.17 million, accounting for 33.90% of total revenue, an increase of 1.11 percentage points year-over-year[3] - R&D expenses for the first three quarters of 2024 were 59.82 million RMB, a decrease from 62.74 million RMB in the same period of 2023[13] - The company's AI and computing power initiatives contributed to the 39.41% increase in year-to-date revenue[6] Assets and Liabilities - Total assets decreased by 10.37% to RMB 1.87 billion compared to the end of the previous year[3] - Total assets as of September 30, 2024, amounted to 1,874,635,659.68, a decrease from 2,091,495,524.86 at the end of 2023[10] - Current assets totaled 1,285,537,627.33, down from 1,509,412,531.94 at the end of 2023[10] - Non-current assets increased slightly to 589,098,032.35 from 582,082,992.92 at the end of 2023[10] - Total liabilities as of Q3 2024 were 496.11 million RMB, down from 656.93 million RMB in the same period of 2023[11] - Total equity as of Q3 2024 was 1.38 billion RMB, slightly lower than 1.43 billion RMB in the same period of 2023[11] - Long-term borrowings as of Q3 2024 were 106.28 million RMB, down from 110.00 million RMB in the same period of 2023[11] - Total assets and liabilities combined as of Q3 2024 were 1.87 billion RMB, down from 2.09 billion RMB in the same period of 2023[12] Cash Flow - The company's cash flow from operating activities for the year-to-date period was negative RMB 161.30 million[3] - Sales of goods and services received cash of RMB 396,207,832.80 in the first three quarters of 2024, a 21.8% increase compared to RMB 325,424,378.48 in the same period of 2023[17] - Total cash inflow from operating activities was RMB 413,135,020.49 in the first three quarters of 2024, up 17.0% from RMB 353,222,477.79 in the same period of 2023[17] - Cash paid for goods and services was RMB 302,429,273.43 in the first three quarters of 2024, a 30.5% increase compared to RMB 231,830,356.57 in the same period of 2023[17] - Net cash flow from operating activities was negative RMB 161,297,837.14 in the first three quarters of 2024, compared to negative RMB 124,356,507.51 in the same period of 2023[18] - Net cash flow from investing activities was negative RMB 298,234,299.49 in the first three quarters of 2024, compared to positive RMB 107,333,727.38 in the same period of 2023[18] - Net cash flow from financing activities was negative RMB 44,444,282.21 in the first three quarters of 2024, compared to negative RMB 14,958,132.84 in the same period of 2023[19] - The net increase in cash and cash equivalents was negative RMB 503,976,418.84 in the first three quarters of 2024, compared to negative RMB 31,980,912.97 in the same period of 2023[19] - The ending balance of cash and cash equivalents was RMB 124,039,681.64 as of September 30, 2024, a 74.1% decrease from RMB 479,737,149.97 as of September 30, 2023[19] Non-Recurring Items and Equity - Non-recurring gains for the quarter included RMB 500,000 in government subsidies and RMB 2.25 million from financial asset transactions[4] - The company's weighted average return on equity (ROE) for the quarter was 0.02%, an increase of 0.39 percentage points year-over-year[3] - The company's repurchase special securities account held 1,770,735 shares, accounting for 2.62% of the total share capital[8] Operating Costs and Inventory - Operating costs for the first three quarters of 2024 were 287.46 million RMB, compared to 228.69 million RMB in the same period of 2023[13] - Inventory increased to 323,457,172.83 from 177,205,556.55 at the end of 2023[9] Monetary Funds and Receivables - Monetary funds decreased significantly to 126,411,306.33 from 631,338,148.44 at the end of 2023[9] - Trade receivables decreased to 324,375,195.75 from 516,205,061.22 at the end of 2023[9] Short-Term Borrowings and Payables - Short-term borrowings increased to 55,938,795.88 from 45,052,620.18 at the end of 2023[10] - Accounts payable decreased to 162,781,675.64 from 260,363,285.54 at the end of 2023[10] - Contract liabilities decreased to 77,071,344.40 from 105,753,968.33 at the end of 2023[10]