Cambricon(SH:688256)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥31,342,826.03, a decrease of 66.15% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2023 was -¥262,905,496.34, with a year-to-date net profit of -¥807,734,092.59[4]. - The net loss for the first three quarters of 2023 was ¥830,616,314.38, compared to a net loss of ¥983,467,579.06 in the same period of 2022, reflecting an improvement of about 15.5%[22]. - The company reported a total profit loss of ¥830,616,314.38 for the first three quarters of 2023, compared to a total profit loss of ¥983,382,159.02 in the same period of 2022[22]. - The basic and diluted earnings per share for Q3 2023 were both -¥0.63, with a year-to-date figure of -¥1.97[5]. - The diluted earnings per share improved to -¥1.97 from -¥2.36 year-over-year[23]. Cash Flow - The net cash flow from operating activities for Q3 2023 was -¥25,605,679.50, with a year-to-date figure of -¥524,110,846.76[5]. - Net cash flow from operating activities for the first three quarters of 2023 was -524.11 million, an improvement from -1,157.64 million in the same period of 2022[25]. - Cash inflow from operating activities increased significantly to ¥698,245,456.30 from ¥338,762,528.68, marking an increase of approximately 106%[24]. - Cash outflow from operating activities decreased to ¥1,222,356,303.06 from ¥1,496,399,500.65, a reduction of about 18%[24]. - The net increase in cash and cash equivalents for the first three quarters of 2023 was -699.57 million, an improvement from -1,224.23 million in 2022[26]. - The ending balance of cash and cash equivalents as of September 2023 was 1.77 billion, compared to 1.70 billion in the same period of 2022[26]. Assets and Liabilities - Total assets at the end of Q3 2023 were ¥6,581,320,923.30, reflecting a 14.05% increase from the end of the previous year[5]. - The total liabilities as of September 30, 2023, were RMB 701,027,459.75, down from RMB 830,599,733.11 as of December 31, 2022, indicating a reduction of approximately 15.6%[19]. - The company's total equity increased to RMB 5,880,293,463.55 as of September 30, 2023, compared to RMB 4,939,819,859.48 at the end of 2022, reflecting an increase of about 19.1%[19]. - Shareholders' equity attributable to the parent company was ¥5,808,602,738.16, up 19.64% from the end of the previous year[5]. Research and Development - Research and development expenses totaled ¥234,847,831.94 for Q3 2023, representing 749.29% of operating revenue, an increase of 388.19 percentage points year-on-year[5]. - The company is focusing on enhancing its research and development capabilities to drive innovation in semiconductor technology, which is expected to contribute to future revenue growth[20]. - Research and development expenses were ¥717,399,523.60, down from ¥949,096,573.84, indicating a decrease of approximately 24%[21]. Government Support - The company received government subsidies amounting to ¥27,353,982.42 in Q3 2023, contributing to its non-recurring gains[6]. Shareholder Information - The company has a total of 29,555 shareholders, with the largest shareholder holding 28.69% of the shares[10]. - As of September 30, 2023, the company has repurchased a total of 124,440 shares, accounting for 0.03% of the total share capital of 416,594,451 shares, with a total expenditure of RMB 16,017,593.94[13]. Inventory and Investments - The company's inventory decreased to RMB 247,087,992.86 from RMB 287,121,493.51, a decline of approximately 13.9% year-over-year[15]. - The company’s long-term investments increased slightly to RMB 223,870,441.05 from RMB 222,219,007.57, showing a marginal growth of about 0.7%[16].