Financial Performance - Total revenue for the third quarter was RMB 139,837,465.60, representing a decrease of 24.90% compared to the same period last year[3]. - Basic earnings per share for the reporting period was RMB 0.51, while diluted earnings per share was -0.51[3]. - Total revenue for the first three quarters of 2023 was CNY 293,356,721.02, a decrease of 25% compared to CNY 390,607,382.30 in the same period of 2022[26]. - The company reported a net loss of CNY 283,191,337.61 for the first three quarters of 2023, compared to a loss of CNY 146,614,221.99 in the same period of 2022[27]. - The net profit attributable to shareholders for the first three quarters of 2023 was -193,048,512.35 RMB, compared to -94,604,209.98 RMB in the same period of 2022, representing a 104.7% increase in losses year-over-year[28]. - The total comprehensive income for the first three quarters of 2023 was -243,504,289.69 RMB, compared to -122,405,248.81 RMB in the same period of 2022, indicating a 99.0% increase in losses year-over-year[30]. - The basic and diluted earnings per share for the first three quarters of 2023 were both -1.18 RMB, compared to -0.68 RMB in the same period of 2022, reflecting a 73.5% increase in losses per share[30]. Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 4,713,710,153.60, reflecting an increase of 24.57% from the end of the previous year[4]. - Current assets totaled RMB 3.11 billion, up from RMB 2.26 billion, marking a significant increase of about 37.5%[22]. - Total liabilities increased to CNY 1,287,276,928.51 as of September 30, 2023, compared to CNY 1,040,039,059.76 at the end of 2022[24]. - The company's total equity rose to CNY 3,426,433,225.09 as of September 30, 2023, up from CNY 2,743,917,247.49 at the end of 2022[25]. - The company’s long-term equity investments increased to RMB 349.57 million from RMB 333.85 million, showing a growth of about 4.7%[22]. Cash Flow - Cash inflows from operating activities for the first three quarters of 2023 totaled 184,648,621.89 RMB, down 55.0% from 410,800,658.68 RMB in the same period of 2022[32]. - Cash outflows from operating activities for the first three quarters of 2023 were 588,134,795.05 RMB, compared to 626,185,229.85 RMB in the same period of 2022, showing a decrease of 6.1%[33]. - Cash inflows from investment activities for the first three quarters of 2023 were 65,486,938.81 RMB, down 93.1% from 957,012,123.90 RMB in the same period of 2022[34]. - Cash outflows from investment activities for the first three quarters of 2023 totaled 807,215,755.81 RMB, compared to 947,724,706.34 RMB in the same period of 2022, indicating a decrease of 14.8%[34]. - Cash inflows from financing activities for the first three quarters of 2023 were 1,372,950,993.59 RMB, significantly up from 276,271,174.38 RMB in the same period of 2022, representing a 397.5% increase[37]. - The net cash flow from financing activities for the first three quarters of 2023 was 1,141,662,390.32 RMB, compared to 109,941,281.55 RMB in the same period of 2022, reflecting a 938.5% increase[37]. - The ending balance of cash and cash equivalents as of September 30, 2023, is approximately $630.87 million, down from $708.81 million at the end of September 2022[38]. Operational Costs and Investments - The company increased investments in talent reserves and market expansion, leading to higher operational costs[7]. - Research and development expenses increased by RMB 65,247,100 compared to the previous year[7]. - Research and development expenses rose to CNY 105,716,539.49 in 2023, up from CNY 85,924,159.00 in 2022, indicating a focus on innovation[26]. - Total operating costs increased slightly to CNY 504,234,884.72 in 2023 from CNY 502,513,197.43 in 2022, with operating costs specifically decreasing from CNY 229,664,102.87 to CNY 182,133,327.13[26]. - The company is focusing on new product development and market expansion strategies to enhance its competitive position in the fuel cell sector[8]. - The company anticipates continued growth in the fuel cell market, prompting strategic investments[7]. Miscellaneous - The financial statements for the third quarter have not been audited[2]. - Non-operating income and expenses resulted in a total of -RMB 7,216,528.97 for the reporting period[6]. - The cash flow from operating activities is not applicable, reflecting the current state of the fuel cell industry[9]. - The diluted earnings per share for the year-to-date period is not applicable, reflecting ongoing investments in growth[8]. - The company holds cash and cash equivalents of approximately RMB 646.65 million as of September 30, 2023[21]. - The company’s short-term borrowings increased significantly to CNY 462,915,438.52 from CNY 229,872,186.96 year-over-year[23]. - Deferred income decreased slightly to CNY 103,950,498.39 in 2023 from CNY 109,666,422.97 in 2022, reflecting changes in revenue recognition[24]. - The company’s cash and cash equivalents were not detailed, but the increase in short-term borrowings suggests a potential liquidity challenge[23]. - The company reported a cash flow impact from foreign exchange fluctuations of 17,632,788.79 RMB in the first three quarters of 2023[37].
亿华通(02402) - 2023 Q3 - 季度业绩