DAAE(SH:600178)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥1,272,399,392.34, a decrease of 11.97% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2023 was ¥13,180,167.86, down 74.88% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥714,572.05, a decline of 106.40% compared to the previous year[4] - The basic earnings per share for Q3 2023 was ¥0.0277, a decrease of 74.87% year-on-year[4] - The company's total revenue for the first three quarters of 2023 was CNY 3.85 billion, a decrease of approximately 17.9% compared to CNY 4.68 billion in the same period of 2022[19] - The company's net profit for the first three quarters of 2023 was CNY 28.30 million, compared to CNY 154.70 million in the same period of 2022, indicating a decline of approximately 81.7%[19] - Net profit for Q3 2023 was ¥30,886,291.56, a significant decrease from ¥141,799,145.16 in Q3 2022, representing a decline of approximately 78.3%[20] - The net profit attributable to shareholders of the parent company was ¥29,953,761.28, down from ¥107,527,641.91, indicating a decrease of about 72.1% year-over-year[20] - The company reported a basic and diluted earnings per share of ¥0.0630 for Q3 2023, down from ¥0.2260 in Q3 2022, a decline of approximately 72.9%[20] Cash Flow and Assets - The cash flow from operating activities for Q3 2023 was -¥6,661,922.40, indicating a significant cash outflow[4] - The company's cash and cash equivalents decreased to CNY 1.32 billion as of September 30, 2023, from CNY 2.15 billion at the end of 2022[14] - Total cash and cash equivalents at the end of Q3 2023 stood at ¥1,202,221,699.53, down from ¥1,377,975,769.16 at the end of Q3 2022, a decrease of about 12.7%[23] - Operating cash flow for the first nine months of 2023 was ¥3,725,807,134.95, compared to ¥5,373,528,183.43 in the same period of 2022, reflecting a decline of approximately 30.6%[22] - The net cash flow from operating activities was negative at -¥76,348,131.35, contrasting with a positive cash flow of ¥319,092,688.94 in the previous year[22] - The company experienced a net cash outflow of -¥544,378,096.99 in Q3 2023, compared to -¥45,306,613.71 in Q3 2022, indicating a worsening cash position[23] Assets and Liabilities - The total assets at the end of Q3 2023 were ¥7,851,384,870.27, an increase of 4.41% from the end of the previous year[5] - The equity attributable to shareholders at the end of Q3 2023 was ¥2,546,424,584.94, a slight increase of 0.38% compared to the previous year[5] - The company's total liabilities as of September 30, 2023, were CNY 4.33 billion, compared to CNY 4.20 billion at the end of 2022, reflecting an increase of approximately 3.1%[16] Shareholder Information - The company reported a total of 34,859 common shareholders at the end of the reporting period[10] - The largest shareholder, China Changan Automobile Group Co., Ltd., holds 49.97% of the shares[10] Sales and Contracts - The company experienced a significant decline in sales volume, which contributed to the decrease in net profit[8] - In Q1 2023, the company successfully secured 37 customer contracts, becoming a supplier for 63 projects, with an expected total sales volume exceeding 2.7 million units over their lifecycle, including 1 million units from 13 new energy projects[12] Research and Development - The company reported R&D expenses of CNY 102.14 million for the first three quarters of 2023, an increase from CNY 97.31 million in the same period of 2022[19] Investment Activities - Cash outflow from investing activities was ¥537,376,412.07, compared to ¥85,440,102.11 in the same period last year, indicating a significant increase in investment expenditures[23] Financing Activities - Cash inflow from financing activities was ¥100,000,000.00, a decrease from ¥112,955,602.14 in the previous year, reflecting a decline of about 11.5%[23] Accounting Standards - The company has not applied new accounting standards for the current year, maintaining consistency in financial reporting[25]