SPEED(300322)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥444,664,154.48, representing a 21.49% increase compared to ¥366,022,186.91 in the same period last year[4]. - The net profit attributable to shareholders was -¥24,949,826.35, a decrease of 68.86% from -¥14,775,296.78 in the previous year[4]. - The net profit excluding non-recurring gains and losses was -¥31,858,340.09, down 69.39% from -¥18,807,362.17 year-on-year[4]. - The net profit for the first nine months of 2023 was -177,817,543.27, a 585.70% decline compared to the same period in 2022[12]. - The net loss for Q3 2023 was CNY 177,817,543.27, compared to a net loss of CNY 25,932,301.59 in Q3 2022, indicating a significant decline in profitability[30]. - The company's operating profit for Q3 2023 was reported at CNY -171,197,599.79, worsening from CNY -22,295,858.60 in the previous year[30]. - The basic and diluted earnings per share for Q3 2023 were both reported at CNY -0.33, compared to CNY -0.05 in Q3 2022, reflecting a deterioration in earnings performance[31]. Cash Flow - The cash flow from operating activities was -¥128,494,028.25, indicating a significant decline compared to ¥114,849,882.07 in the previous year[4]. - Cash flow from operating activities showed a net outflow of -128,494,028.25, a 211.88% decrease year-on-year[12]. - Operating cash inflow for the current period was CNY 1,231,162,216.87, down 13.4% from CNY 1,421,434,803.94 in the previous period[33]. - Net cash outflow from operating activities was CNY -128,494,028.25, compared to a net inflow of CNY 114,849,882.07 in the previous period[33]. - Cash received from sales of goods and services was CNY 1,178,077,293.97, down from CNY 1,279,313,469.47 in the previous period[33]. - Cash paid to employees increased to CNY 333,715,328.19, up from CNY 277,624,514.17 in the previous period[33]. - Cash received from tax refunds was CNY 15,470,818.46, down from CNY 22,938,383.02 in the previous period[33]. Assets and Liabilities - The total assets at the end of Q3 2023 were ¥2,955,670,403.24, a decrease of 1.29% from ¥2,994,159,895.95 at the end of the previous year[4]. - The total liabilities increased to CNY 1,817,431,285.05 from CNY 1,696,239,359.05, marking a rise of approximately 7.1%[27]. - The equity attributable to shareholders decreased by 12.51% to ¥1,076,952,844.49 from ¥1,231,001,194.35 at the end of the previous year[4]. - The company's total current assets amounted to ¥1,734,612,601.50, a slight decrease from ¥1,755,053,708.50 at the beginning of the year, reflecting a decrease of approximately 1.2%[25]. - The company's cash and cash equivalents decreased to ¥514,741,004.30 from ¥627,627,901.73, representing a decline of about 17.9%[25]. - The total equity attributable to shareholders of the parent company decreased to CNY 1,076,952,844.49 from CNY 1,231,001,194.35, indicating a decline in shareholder value[27]. Investments and Financing - The company plans to invest ¥2.55 billion in a new energy harness production project through its subsidiary, Huizhou Jinri Industrial Technology Co., Ltd.[18]. - The company approved a capital increase of ¥1,538.3460 million in Huizhou Jinri Industrial, raising its registered capital from ¥46.796295 million to ¥76.796295 million[18]. - The company intends to establish a wholly-owned subsidiary in Huizhou with a registered capital of ¥30 million to support business development[21]. - The company will invest ¥9.83 billion in constructing an automotive business headquarters in Guangzhou, with the registered capital of the new subsidiary increased from ¥10 million to ¥30 million[20]. - The company plans to repurchase a 35% stake in Huizhou Xindi Precision Technology Co., Ltd. for ¥1,244.0054 million, resulting in no remaining ownership in the company[19]. - The company has decided to forgo its right of first refusal on a 0.0822% stake transfer in its associate, Suzhou Keyang Semiconductor Co., Ltd.[22]. Other Financial Metrics - The company reported a significant increase in financial expenses, with a 246.55% rise to 15,248,673.64, driven by reduced exchange gains and increased interest expenses[12]. - Research and development expenses for Q3 2023 were CNY 112,592,395.95, slightly up from CNY 112,325,235.80 in the same quarter last year, indicating continued investment in innovation[30]. - The company reported a significant increase in notes receivable by 241.30% to ¥199,472,864.20 compared to ¥58,445,281.44 at the beginning of the year[10]. - The company also saw a 251.03% increase in receivables financing to ¥81,313,614.20 from ¥23,164,250.62 at the start of the year[10]. - Long-term equity investments decreased to 0, a 100% decline due to equity sales[12]. - Intangible assets increased by 39.31% to 76,028,322.37, attributed to the addition of land use rights[12]. - Short-term borrowings rose by 60.35% to 863,270,446.27, due to loan renewals and increased loans from subsidiaries[12]. - Contract liabilities increased by 89.21% to 10,035,207.84, indicating a rise in advance payments received[12]. - Investment cash inflows totaled 35,163,775.00, an 87.38% decline compared to the previous year[12]. - Financing cash inflows increased by 51.84% to 866,764,140.02, primarily due to increased borrowings[12].