THEC(BJ:833509)2023-10-25 16:00Financial Performance - Operating revenue for the first nine months of 2023 was CNY 113,992,008.62, a decline of 6.32% year-on-year[10] - Net profit attributable to shareholders decreased by 28.22% to CNY 25,849,145.95 for the first nine months of 2023[10] - Basic earnings per share dropped by 52.94% to CNY 0.16 for the first nine months of 2023[10] - Total operating revenue for the first nine months of 2023 was CNY 113,992,008.62, a decrease from CNY 121,684,564.17 in the same period of 2022[41] - Net profit for the first nine months of 2023 was CNY 25,838,999.25, down from CNY 35,857,512.56 in 2022, representing a decline of approximately 28.0%[42] - The net profit attributable to the parent company for Q3 2023 was CNY 25,849,145.95, a decrease of 28.3% compared to CNY 36,014,034.34 in Q3 2022[43] - The total comprehensive income for Q3 2023 was CNY 25,838,999.25, down from CNY 35,857,512.56 in the same period last year, reflecting a decline of 28.0%[45] - Basic and diluted earnings per share for Q3 2023 were both CNY 0.16, compared to CNY 0.34 in Q3 2022, representing a decrease of 52.9%[45] Assets and Liabilities - Total assets decreased by 5.32% to CNY 379,823,281.72 compared to the end of last year[10] - The company's total assets decreased to CNY 378,943,030.17 from CNY 398,958,312.24 year-on-year[39] - The company's current assets totaled CNY 251,050,623.35, down from CNY 267,663,873.02 at the end of 2022, indicating a decrease of about 6.2%[33] - Cash and cash equivalents decreased by 48.36% to CNY 42,702,027.30 due to the cancellation of deposits and purchase of financial products[12] - Total liabilities decreased to CNY 51,972,530.37 from CNY 76,675,624.26, indicating a reduction of approximately 32.4%[39] - The company's equity attributable to shareholders increased to CNY 326,970,499.80 from CNY 322,282,687.98[39] Cash Flow - Cash flow from operating activities increased significantly by 2,292.68% to CNY 17,915,821.12 due to sufficient chip supply[13] - The total cash inflow from operating activities for the first nine months of 2023 was CNY 137,950,018.14, an increase from CNY 129,159,848.56 in the same period last year[47] - The company reported a net cash outflow from operating activities of CNY 120,034,197.02 for the first nine months of 2023, compared to CNY 128,411,071.06 in the same period last year[47] - The net cash flow from operating activities for Q3 2023 was ¥15,321,830.74, compared to a negative cash flow of ¥203,621.50 in Q3 2022, indicating a significant improvement[51] - The ending balance of cash and cash equivalents was ¥38,497,385.38, down from ¥87,555,034.23 at the end of the same period last year[51] Shareholder Information - The total number of ordinary shares outstanding is 163,122,171, with 49.47% held by the controlling shareholder[17] - The top ten shareholders collectively hold 68.26% of the shares, with the largest shareholder owning 12.37%[18] - The number of ordinary shareholders is reported at 3,610[17] - The company has maintained a stable capital structure with no changes in the number of shares during the reporting period[17] Research and Development - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development efforts[19] - Research and development expenses rose to CNY 16,609,719.04 from CNY 14,539,538.59, reflecting an increase of approximately 14.2%[42] - Research and development expenses for Q3 2023 were CNY 14,698,752.58, up 16.4% from CNY 12,631,300.11 in Q3 2022[45] Corporate Governance - The company has implemented a stock incentive plan, granting 3,005,000 restricted shares to 80 employees[23] - The company has implemented a stock incentive plan to attract and retain talent, which is expected to enhance long-term development and core competitiveness[27][28] - The company’s board meetings in 2023 included discussions on adjusting the stock incentive plan, indicating ongoing strategic adjustments[25][26] - There were no significant legal disputes, external guarantees, or major related party transactions reported during the period[22] - The company has not experienced any share pledges or judicial freezes among major shareholders[20] - The company has not reported any changes in its commitment matters during the reporting period, ensuring compliance with previous commitments[29] Inventory and Accounts - Accounts receivable decreased by 31.99% to CNY 14,395,704.27, attributed to customer repayments[12] - The company's inventory increased to CNY 74,364,148.35 from CNY 67,872,155.56, marking an increase of about 9.3%[33] - Accounts payable decreased to CNY 9,395,114.11 from CNY 15,752,303.04, a reduction of approximately 40.2%[34] - The company reported a decrease in accounts payable from CNY 20,677,656.34 to CNY 10,842,649.66, a reduction of approximately 47.5%[39] Government Support - The company received government subsidies amounting to CNY 2,757,962.71, contributing positively to the financial results[14]