AVE(688067)2023-10-27 16:00Revenue and Profit - Revenue for the third quarter was RMB 56.06 million, a decrease of 1.65% year-over-year[6] - Net profit attributable to shareholders of the listed company was RMB 14.76 million, an increase of 23.90% year-over-year[6] - Total revenue for the first three quarters of 2023 was 150.76 million RMB, a slight increase from 150.48 million RMB in the same period of 2022[22] - Operating profit for the first three quarters of 2023 was 25.86 million RMB, slightly down from 25.98 million RMB in the same period of 2022[23] - Net profit for the first three quarters of 2023 was 24.10 million RMB, up from 23.86 million RMB in the same period of 2022[23] - Total comprehensive income for the first three quarters of 2023 was 24.07 million RMB, up from 23.80 million RMB in the same period of 2022[24] R&D and Expenses - R&D investment for the third quarter was RMB 6.44 million, a decrease of 19.57% year-over-year, accounting for 11.48% of revenue[7] - R&D expenses for the first three quarters of 2023 were 17.79 million RMB, down from 19.53 million RMB in the same period of 2022[22] - Sales expenses for the first three quarters of 2023 were 40.71 million RMB, up from 37.32 million RMB in the same period of 2022[22] Assets and Liabilities - Total assets at the end of the reporting period were RMB 547.04 million, a decrease of 0.48% compared to the end of the previous year[7] - Total assets as of September 30, 2023, amounted to RMB 547,040,574.60, a slight decrease from RMB 549,654,356.87 at the end of 2022[18] - Current assets decreased to RMB 282,201,999.59 from RMB 335,609,043.27 at the end of 2022, primarily due to a reduction in monetary funds[16] - Non-current assets increased to RMB 264,838,575.01 from RMB 214,045,313.60 at the end of 2022, driven by growth in fixed assets and other non-current financial assets[18] - Monetary funds decreased significantly to RMB 44,774,219.27 from RMB 149,876,829.44 at the end of 2022[16] - Inventory increased to RMB 45,502,016.79 from RMB 41,953,545.79 at the end of 2022[16] - Fixed assets decreased slightly to RMB 140,418,427.17 from RMB 145,252,077.26 at the end of 2022[18] - Contract liabilities decreased to RMB 26,480,124.20 from RMB 28,621,634.58 at the end of 2022[18] - Accounts receivable increased marginally to RMB 7,841,754.04 from RMB 7,798,583.41 at the end of 2022[16] - Development expenditure remained stable at RMB 1,896,423.20 compared to RMB 1,897,291.10 at the end of 2022[18] - Long-term equity investments and other equity instrument investments remained unchanged, indicating no significant changes in investment strategies[18] - Total liabilities as of Q3 2023 were 74.53 million RMB, an increase from 54.65 million RMB in the previous period[19] - Total owner's equity as of Q3 2023 was 475.12 million RMB, down from 492.39 million RMB in the previous period[19] Cash Flow - Net cash flow from operating activities for the first nine months was RMB 5.55 million, a decrease of 70.77% year-over-year[7][12] - Operating cash inflow totaled 170.7 million, a decrease of 3.4% compared to the previous quarter[27] - Operating cash outflow was 165.2 million, an increase of 4.7% compared to the previous quarter[27] - Net cash flow from operating activities was 5.6 million, a decrease of 70.8% compared to the previous quarter[27] - Investment cash inflow was 470.1 million, an increase of 17.7% compared to the previous quarter[27] - Investment cash outflow was 574.0 million, a decrease of 2.4% compared to the previous quarter[27] - Net cash flow from investment activities was -103.9 million, an improvement of 45.0% compared to the previous quarter[27] - Net cash flow from financing activities was -6.8 million, an improvement of 66.7% compared to the previous quarter[28] - Net increase in cash and cash equivalents was -105.1 million, an improvement of 44.7% compared to the previous quarter[28] - Ending cash and cash equivalents balance was 44.8 million, an increase of 17.3% compared to the previous quarter[28] Earnings and Returns - The company's weighted average return on equity (ROE) for the third quarter was 3.04%, an increase of 0.53 percentage points year-over-year[7] - The company's basic earnings per share (EPS) for the third quarter was RMB 0.22, an increase of 22.22% year-over-year[7] - Basic and diluted earnings per share for the first three quarters of 2023 were both 0.35 RMB, unchanged from the same period of 2022[24] Government Subsidies - Government subsidies received during the reporting period amounted to RMB 1.48 million[9] Sales and Services - Cash received from sales of goods and services in the first three quarters of 2023 was 162.79 million RMB, down from 165.95 million RMB in the same period of 2022[26]