Adisseo(SH:600299)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥3,285,968,031, a decrease of 8.84% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2023 was a loss of ¥67,806,277, representing a decline of 124.73% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was a loss of ¥71,254,446, down 126.30% from the previous year[4]. - The basic earnings per share for Q3 2023 was a loss of ¥0.03, a decrease of 127.27% year-on-year[5]. - The net profit for Q3 2023 was a loss of ¥34,799,741, compared to a profit of ¥1,146,583,771 in Q3 2022, indicating a significant decline in profitability[20]. - The total comprehensive income for Q3 2023 was ¥135,781,435, down from ¥971,755,353 in Q3 2022, reflecting a decrease of approximately 86%[20]. Revenue and Costs - The total operating revenue for the first three quarters of 2023 was CNY 9,614,343,786, a decrease from CNY 10,800,166,570 in the same period of 2022, representing a decline of approximately 11%[17]. - The total operating costs for the first three quarters of 2023 amounted to CNY 9,569,232,692, an increase from CNY 9,320,601,401 in the previous year, indicating a rise of about 2.66%[17]. Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date period was ¥1,793,194,702, an increase of 125.44% compared to the same period last year[4]. - The company's cash and cash equivalents as of September 30, 2023, were CNY 958,125,006, up from CNY 796,360,472 at the end of 2022, reflecting an increase of approximately 20.3%[14]. - The net cash flow from operating activities for the first three quarters of 2023 was ¥1,793,194,702, compared to ¥795,435,398 in the same period of 2022, showing a substantial increase[22]. - The total cash and cash equivalents at the end of Q3 2023 amounted to 958,125,006, down from 1,613,743,808 at the end of Q3 2022[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥21,129,322,061, a decrease of 1.00% from the end of the previous year[5]. - The equity attributable to shareholders at the end of the reporting period was ¥14,664,230,928, down 1.80% from the previous year[5]. - The total liabilities increased to CNY 6,438,189,984 from CNY 6,390,567,553, indicating a rise of about 0.75%[16]. - The company's total assets as of September 30, 2023, were CNY 21,129,322,061, slightly down from CNY 21,343,401,913 at the end of 2022[16]. Investment and Development - The company reported a development expenditure of CNY 117,607,439, up from CNY 96,777,098, indicating an increase of approximately 21.5%[15]. - Research and development expenses increased to ¥302,063,643 in Q3 2023, up from ¥256,580,207 in Q3 2022, representing an increase of about 17.7%[19]. Government Support and Strategic Goals - The company reported a government subsidy of ¥3,128,905 for Q3 2023, primarily related to land use rights and R&D policies[6]. - The company aims to stabilize product prices and improve profitability in the upcoming quarters through effective cost management and operational strategies[7]. Financial Expenses and Losses - The company incurred financial expenses of ¥35,292,293 in Q3 2023, significantly higher than ¥15,875,691 in Q3 2022, marking an increase of about 122%[19]. - The investment loss for Q3 2023 was ¥30,098,440, compared to a loss of ¥496,019 in Q3 2022, indicating a worsening investment performance[19].