TOYOU(300302)2023-10-26 16:00Financial Performance - The company's revenue for Q3 2023 was ¥45,719,077, representing a decrease of 31.98% compared to ¥67,210,071 in the same period last year[4]. - The net profit attributable to shareholders was a loss of ¥30,569,975, a significant decline of 5,061.86% from a profit of ¥616,099.28 in the previous year[4]. - Basic and diluted earnings per share were both -¥0.0635, compared to ¥0.0013 in the previous year, reflecting a change of 4,984.62%[5]. - In the first nine months of 2023, the company achieved operating revenue of RMB 248.17 million, a year-on-year decrease of 16.55%[19]. - The net profit for the same period was a loss of RMB 75.13 million, a decrease of RMB 78.54 million compared to the previous year[19]. - Total operating revenue for Q3 2023 was CNY 248,165,745.98, a decrease of 16.54% compared to CNY 297,393,299.89 in Q3 2022[25]. - Net profit for Q3 2023 was CNY -75,131,654.27, compared to a net profit of CNY 3,408,863.15 in the same period last year[26]. Cash Flow - The net cash flow from operating activities was negative at ¥29,615,586, a drastic decrease of 912.02% compared to ¥2,926,377 in the same period last year[5]. - The net cash flow from operating activities showed a significant decline of 912.02%, resulting in a negative cash flow of approximately -¥29.62 million, mainly due to increased employee compensation and taxes payable[13]. - Cash flow from operating activities was CNY 278,813,473.43, slightly down from CNY 285,132,922.36 in the previous year[29]. - The net cash flow from operating activities was -29,615,586.99, compared to -2,926,377.04 in the previous period, indicating a significant decline in operational cash flow[30]. - The net cash flow from financing activities increased by 184.37%, totaling approximately ¥84.88 million, primarily due to increased borrowings[13]. - The net cash flow from financing activities was 84,881,445.34, compared to 29,848,930.08 in the previous period, showing a substantial increase in financing activities[31]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,857,741,531.99, down 2.14% from ¥1,897,250,974.56 at the beginning of the year[5]. - Current assets totaled RMB 826.16 million, down from RMB 905.49 million at the start of the year[22]. - The company reported a significant increase in short-term borrowings, rising to RMB 167.54 million from RMB 93.47 million[22]. - The company's total liabilities increased to CNY 417,640,362.22 from CNY 387,760,420.57[24]. - The total equity attributable to shareholders decreased to CNY 1,440,101,169.77 from CNY 1,510,645,840.99[24]. Investment and Expenditures - The company invested approximately ¥74.21 million in fixed assets and construction projects, reflecting a 32.15% increase compared to the previous year[13]. - The company incurred a cash outflow of 139,970,930.31 for debt repayment, compared to 46,433,137.97 in the previous period, highlighting increased debt servicing costs[30]. - The company reported a significant increase in contract liabilities, rising to CNY 7,364,297.61 from CNY 2,666,806.49[24]. - The company recognized government subsidies amounting to ¥132,532.84 during the reporting period, down from ¥1,621,592.91 year-to-date[8]. Research and Development - Research and development investment increased, accounting for 21.24% of operating revenue, focusing on next-generation autonomous flash storage and distributed storage[19]. - Research and development expenses for Q3 2023 were CNY 52,716,159.75, compared to CNY 45,747,605.61 in Q3 2022, indicating a 15.5% increase[25]. Accounting and Reporting Changes - The company has undergone an accounting policy change effective January 1, 2023, impacting the recognition of deferred tax assets and liabilities[5]. - The company has adopted new accounting standards effective January 1, 2023, but this has not had a significant impact on the financial statements for the reporting period[32]. - The third-quarter report was not audited, which may affect the reliability of the financial data presented[33].