立昂微(605358) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was CNY 67,057.34 million, a decrease of 6.05% compared to the same period last year[10]. - The net profit attributable to shareholders was CNY 1,173.58 million, down 91.51% year-on-year[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,069.02 million, a decrease of 90.86% compared to the previous year[10]. - Operating revenue decreased by 11.66%, down 265.68 million CNY compared to the same period last year, primarily due to weak industry conditions and declining market demand[23]. - Net profit attributable to shareholders decreased by 91.51% for the current period, reflecting significant declines in revenue and gross profit margins[23]. - The net profit attributable to shareholders for the first nine months of the year was 641.40 million CNY, a decrease from the previous year[33]. - Basic earnings per share for the first three quarters of 2023 were CNY 0.27, down from CNY 0.95 in the same period of 2022, a decline of approximately 71.6%[52]. - The company reported a basic earnings per share of CNY 0.01, a decline of 95.24% year-on-year[11]. - The company reported a basic earnings per share of -0.9524 CNY for the current period, reflecting a significant decline[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,831,172.52 million, a decrease of 1.24% from the end of the previous year[11]. - The equity attributable to shareholders was CNY 808,953.62 million, down 1.40% from the end of the previous year[11]. - Current assets as of September 30, 2023, totaled RMB 5,942,580,405.79, down from RMB 6,921,130,211.88 at the end of 2022, reflecting a decline of approximately 14.1%[35]. - The company's total assets amounted to RMB 18,311,725,202.33, down from RMB 18,541,623,804.18, a decrease of about 1.2%[48]. - Total liabilities as of September 30, 2023, were RMB 8,633,892,421.65, a slight decrease from RMB 8,720,318,256.10 at the end of 2022[48]. - Long-term borrowings decreased to RMB 1,764,050,417.00 from RMB 1,989,191,595.23, a reduction of approximately 11.3%[48]. Cash Flow - The cash flow from operating activities for the year-to-date was CNY 55,683.87 million, a decrease of 35.48% compared to the same period last year[11]. - Cash flow from operating activities decreased by 35.48%, down 306.17 million CNY, mainly due to lower sales and reduced tax refunds compared to the previous year[23]. - The net cash flow from operating activities for the first three quarters of 2023 was CNY 556,838,650.35, down from CNY 863,004,640.12 in the previous year, indicating a decline of approximately 35.4%[55]. - Cash flow from investing activities decreased significantly by 270.31 million CNY, primarily due to reduced cash payments for fixed asset purchases compared to the previous year[23]. - The total cash outflow from investing activities was CNY 1,599,625,363.96, compared to CNY 5,055,675,629.41 in the previous year, showing a decrease of about 68.4%[55]. - The company reported a net cash flow from financing activities of -CNY 604,311,147.56, contrasting with a positive flow of CNY 619,015,916.43 in the same period of 2022[55]. - Cash flow from financing activities decreased by 197.62%, down 1.22 billion CNY, mainly due to reduced borrowings and increased payments for forward repurchase obligations[23]. - The cash and cash equivalents at the end of the period stood at CNY 2,456,027,572.95, compared to CNY 1,520,334,046.59 at the end of the previous year, an increase of approximately 61.5%[55]. Investments and Expenses - The company experienced a 32.46% decrease in cash and cash equivalents, primarily due to the ongoing use of funds raised from convertible bonds[13]. - The company reported a significant increase in accounts receivable by 81.15%, attributed to an increase in commercial acceptance bills received during the period[13]. - Operating costs increased by 16.90%, up 215.25 million CNY year-on-year, mainly due to increased depreciation and fixed costs from projects transitioning to production since June 2022[23]. - Financial expenses surged by 231.77%, increasing by 96.65 million CNY, primarily due to interest expenses from the convertible bonds issued in November 2022 amounting to 3.39 billion CNY[23]. - The company recorded a significant increase in financial expenses, with interest expenses rising to CNY 159,878,226.15 from CNY 70,429,346.53, marking an increase of about 126.5%[50]. - The company experienced a net loss from investments in associates and joint ventures amounting to CNY 14,783,204.13, indicating challenges in its investment portfolio[50]. - Research and development expenses increased to CNY 206,299,143.04 from CNY 195,902,153.08, reflecting a rise of about 5.7% year-over-year[50]. Future Outlook - The company plans to continue investing in new technologies and market expansion strategies to improve future performance[14].