THGW(SH:600365)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥168,698,995.49, representing a year-on-year increase of 15.24%[5] - The net profit attributable to shareholders was -¥310,159.12, with a year-to-date net profit of -¥71,624,654.41[5] - Basic and diluted earnings per share for Q3 2023 were both -¥0.001[6] - Total operating revenue for the first three quarters of 2023 reached ¥584,641,462.12, an increase of 17.4% compared to ¥498,070,025.49 in the same period of 2022[23] - Net loss for the third quarter of 2023 was ¥71,703,067.87, compared to a net loss of ¥24,221,940.87 in the same quarter of 2022, indicating a significant increase in losses[24] - Research and development expenses for the first three quarters of 2023 were ¥737,855.42, compared to ¥590,269.43 in the same period of 2022, reflecting an increase of 25%[23] - The company reported a basic and diluted earnings per share of -0.168 in Q3 2023, compared to -0.057 in Q3 2022, indicating a worsening financial performance[25] - The total comprehensive loss for the first three quarters of 2023 was ¥76,629,575.02, compared to a loss of ¥34,060,868.68 in the same period of 2022[36] Assets and Liabilities - Total assets at the end of the reporting period were ¥877,036,702.34, a decrease of 7.26% compared to the end of the previous year[6] - The company's current assets totaled RMB 546,099,527.50, down from RMB 602,715,162.04, indicating a decrease of about 9.39%[19] - The company's total liabilities decreased to ¥571,860,151.22 in Q3 2023 from ¥613,756,928.55 in Q3 2022, a reduction of approximately 6.8%[21] - The company's total equity attributable to shareholders decreased to ¥305,099,907.11 in Q3 2023 from ¥331,752,568.85 in Q3 2022, a decline of about 8.1%[21] - The company's total assets as of September 30, 2023, were 894,139,153.97 RMB, a decrease from 904,691,244.24 RMB at the end of 2022, reflecting a decline of approximately 1.6%[31] - The total liabilities increased to 297,662,065.20 RMB in 2023 from 276,556,573.12 RMB in 2022, marking an increase of about 7.5%[33] - The total equity decreased to 596,477,088.77 RMB in 2023 from 628,134,671.12 RMB in 2022, a decline of about 5.0%[33] Cash Flow - The cash flow from operating activities for the year-to-date period was -¥324,788,183.81[6] - Operating cash flow for the first nine months of 2023 was -324,788,183.81 RMB, compared to -176,759,794.92 RMB in the same period of 2022, indicating a decline of approximately 83.6%[29] - The company's cash and cash equivalents were reported at RMB 9,994,032.96, a decrease from RMB 18,070,358.26, reflecting a decline of about 44.3%[19] - The company's cash and cash equivalents at the end of Q3 2023 were 2,587,274.78 RMB, down from 10,549,813.87 RMB at the end of 2022, a decrease of approximately 75.5%[30] - The net cash flow from investing activities was -2,101,751.90 RMB in 2023, compared to -5,522,766.65 RMB in 2022, showing an improvement of about 62%[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,750[12] - The company plans to issue shares to specific investors, with the proposal approved on July 10, 2023, but no new developments have been reported since[16] Legal Matters - The company has recognized a contingent liability of RMB 306.3 million related to an arbitration case with Dalian Dinghua International Trade Co., Ltd.[15] - The company is involved in litigation with Chengdu Gongtou Meiji Investment Co., Ltd. and others, with a disputed amount of RMB 33.68875 million and RMB 6.6051 million, respectively[15] Operating Costs - Total operating costs for the first three quarters of 2023 were ¥614,568,881.53, up from ¥510,505,917.47 in 2022, reflecting a rise of 20.4%[23] - Sales expenses for the third quarter of 2023 were ¥9,308,249.58, compared to ¥5,601,687.00 in the same quarter of 2022, reflecting a rise of 66.5%[35] - Operating costs rose to ¥42,514,932.73, up from ¥19,498,742.72, reflecting a 118.4% increase year-over-year[34] Accounts Receivable and Inventory - Accounts receivable stood at RMB 114,980,367.85, compared to RMB 209,431,271.66 in the previous year, representing a significant reduction of approximately 45%[19] - The company's inventory was reported at RMB 262,560,115.64, showing a slight decrease from RMB 262,774,460.58, a change of about 0.08%[19] - The company's inventory decreased slightly to 69,545,620.59 RMB in 2023 from 70,891,570.58 RMB in 2022, a reduction of about 1.9%[31] - The accounts receivable increased to 47,598,131.28 RMB in 2023 from 43,990,090.38 RMB in 2022, indicating an increase of approximately 14.9%[31]