Nexwise(301248)2023-10-25 16:00Financial Performance - Total revenue for Q3 2023 was ¥187,583,627.90, an increase of 1.13% compared to the same period last year[5] - Net profit attributable to shareholders was -¥17,642,722.01, a decrease of 270.71% year-on-year[5] - Basic earnings per share for Q3 2023 was -¥0.12, a decrease of 218.93% year-on-year[5] - Total profit plummeted by 98.83% to ¥615,424.51, driven by a decline in the gross margin of core business products and increased operational costs[9] - Net profit for Q3 2023 decreased significantly to ¥1,845,568.53, down 96.2% from ¥48,555,115.53 in Q3 2022[19] - The company’s total profit for Q3 2023 was ¥615,424.51, a decline of 98.8% from ¥52,517,772.86 in the previous year[19] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥34,135,108.64, an increase of 48.02% compared to the previous year[5] - Net cash flow from operating activities improved by 48.02% to -¥34,135,108.64, reflecting better management of cash flow[9] - Net cash flow from investing activities decreased by 61.67% to -¥124,689,973.27, due to the maturity of certain financial products[9] - Net cash flow from financing activities turned negative at -¥36,451,632.03, primarily due to bank loan repayments[9] - The company reported a net cash outflow from operating activities of ¥34,135,108.64, an improvement from a net outflow of ¥65,673,610.98 in the same period last year[22] - The company recorded a net cash outflow from investing activities of ¥124,689,973.27, compared to a larger outflow of ¥325,347,630.11 in Q3 2022[23] Assets and Liabilities - Total assets at the end of Q3 2023 were ¥2,236,442,580.66, a decrease of 0.55% from the end of the previous year[5] - Current assets decreased to CNY 1,637,239,053.67 from CNY 1,692,674,608.01 at the beginning of the year, primarily due to a reduction in cash and cash equivalents[17] - Cash and cash equivalents were CNY 466,857,494.48, down from CNY 668,021,386.57 at the start of the year, reflecting a decline of approximately 30.2%[17] - Total liabilities stood at CNY 644,446,761.21, slightly up from CNY 637,725,604.56 at the beginning of the year[18] - The company's equity attributable to shareholders decreased to CNY 1,592,044,569.60 from CNY 1,611,073,170.46, a decline of approximately 1.2%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,995[11] - The largest shareholder, Sun Chao, holds 13.93% of the shares, totaling 21,418,500 shares[11] Operational Costs and Expenses - Management expenses increased by 43.63% to ¥45,169,704.41 due to higher personnel costs and operational expenses from subsidiaries[9] - Total operating costs rose to ¥611,632,298.71, up 13.8% from ¥537,452,905.84 in the previous year[19] - The company experienced a significant increase in sales expenses, which rose to ¥37,444,884.80, up 15.5% from ¥32,524,043.89 in the previous year[19] Investments and R&D - The company reported a 34.59% increase in trading financial assets, totaling ¥249,000,000.00, due to increased investment of idle funds[8] - Long-term receivables decreased by 48.13% to ¥6,993,860.58, attributed to improved collection efforts[8] - The company received government subsidies related to AI and technology research projects amounting to ¥488,359.05 in Q3 2023[6] - Other income surged by 212.21% to ¥6,494,289.40, mainly from R&D subsidies related to AI and technology innovation projects[9] - Research and development expenses for Q3 2023 were ¥48,799,605.71, a decrease of 5.0% compared to ¥51,433,703.33 in Q3 2022[19] Market and Product Development - The company reported a significant decrease in operating income due to a drop in sales of high-margin security products[9] - The company is actively pursuing new product development and market expansion strategies, although specific details were not disclosed in the provided documents[16]