Genew(688418)2023-10-30 16:00Revenue and Profitability - The company's revenue for Q3 2023 reached ¥194,088,086.07, representing a 57.85% increase compared to the same period last year[5]. - Total operating revenue for the first three quarters of 2023 was CNY 517,552,082.42, compared to CNY 363,573,990.86 in the same period of 2022, representing an increase of approximately 42.4%[22]. - The net profit attributable to shareholders for the year-to-date period was -¥42,093,702.35, indicating a significant decline[5]. - The net loss attributable to shareholders for the first three quarters of 2023 was CNY 42,093,702.35, compared to a net loss of CNY 92,199,101.38 in the same period of 2022, showing an improvement of approximately 54.4%[23]. - The company reported a gross profit margin of approximately 48.5% for the first three quarters of 2023, compared to 41.2% in the same period of 2022[22]. Expenses and Costs - Research and development expenses totaled ¥49,636,835.09 in Q3 2023, accounting for 25.57% of revenue, a decrease of 13.89 percentage points year-on-year[6]. - Research and development expenses for the first three quarters of 2023 were CNY 124,346,121.59, compared to CNY 108,599,270.16 in 2022, indicating an increase of about 14.5%[22]. - Total operating costs for the first three quarters of 2023 were CNY 576,604,641.11, up from CNY 467,059,374.09 in 2022, indicating a rise of about 23.4%[22]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -¥119,649,369.91 for the year-to-date period[6]. - Cash flow from operating activities for the first three quarters of 2023 was CNY 702,605,062.40, compared to CNY 428,611,949.71 in the same period of 2022, representing an increase of about 63.8%[26]. - Operating cash inflow for Q3 2023 was 466,909,317.72 in Q3 2022, representing a growth of approximately 55.1%[27]. - Operating cash outflow for Q3 2023 totaled 600,250,431.40 in Q3 2022, indicating an increase of about 40.6%[27]. - The company experienced a significant increase in cash and cash equivalents, reflecting improved liquidity and operational efficiency[26]. Assets and Liabilities - Total assets increased by 15.94% from the end of the previous year, reaching ¥1,881,071,048.04[6]. - As of September 30, 2023, total current assets amounted to ¥1,557,087,904.44, an increase from ¥1,300,269,465.50 at the end of 2022, reflecting a growth of approximately 19.7%[17]. - Total liabilities as of the end of Q3 2023 amounted to CNY 949,900,654.08, an increase from CNY 648,159,320.59 at the end of Q3 2022, reflecting a growth of about 46.5%[24]. - The total equity attributable to shareholders decreased to CNY 879,056,265.43 in Q3 2023 from CNY 919,317,555.66 in Q3 2022, a decline of approximately 4.4%[24]. Market and Future Outlook - The increase in revenue for Q3 2023 was primarily driven by the company's ongoing market expansion and successful project deliveries[12]. - Future outlook includes plans for market expansion and potential new product launches to drive revenue growth in the upcoming quarters[22]. Tax and Refunds - The company received a VAT refund of ¥4,304,777.05 related to its software products, classified as a regular income item[11]. - The company received tax refunds totaling 21,245,865.76 in Q3 2022, a decline of approximately 54.0%[27].