A-Zenith(SH:603389)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥44,140,195.39, a decrease of 24.03% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2023 was a loss of ¥26,114,074.15, with a year-to-date loss of ¥73,209,570.33, indicating significant financial challenges[4] - The basic and diluted earnings per share for Q3 2023 were both -¥0.1, reflecting a worsening financial position compared to the previous year[5] - The company reported a significant increase in losses, with the net profit attributable to shareholders increasing by ¥6,205,500 year-on-year[8] - Net profit for the third quarter of 2023 was a loss of CNY 75,216,697.92, compared to a loss of CNY 67,679,032.60 in the same quarter of 2022, reflecting a worsening financial performance[18] - Basic and diluted earnings per share for the third quarter of 2023 were both CNY -0.28, compared to CNY -0.26 in the same quarter of 2022[19] - The total comprehensive loss attributable to the parent company for the third quarter of 2023 was CNY -73,209,570.33, compared to CNY -67,004,049.12 in the same quarter of 2022[19] Assets and Liabilities - The total assets at the end of Q3 2023 were ¥712,865,929.95, down 9.94% from the end of the previous year[6] - The company's current assets totaled RMB 252,943,315.19, down from RMB 305,391,109.20 at the end of 2022, indicating a decrease of about 17.1%[14] - The company's cash and cash equivalents were reported at RMB 23,209,734.67, significantly lower than RMB 47,462,119.38 at the end of 2022, representing a decline of approximately 51.0%[13] - The total liabilities of the company were RMB 293,455,595.72, slightly down from RMB 296,928,587.25 at the end of 2022, showing a decrease of about 1.6%[15] - The company's inventory decreased to RMB 170,585,170.20 from RMB 183,009,676.79, reflecting a reduction of approximately 6.8%[14] - The company reported accounts receivable of RMB 30,095,686.15, a slight decrease from RMB 31,708,270.12 at the end of 2022, indicating a decline of about 5.1%[13] - The company’s total non-current assets were RMB 459,922,614.76, down from RMB 486,164,510.20, indicating a decrease of about 5.4%[14] - The company's total equity attributable to shareholders decreased to CNY 432,662,529.86 from CNY 505,872,100.19 in the previous year, indicating a decline in shareholder value[16] Cash Flow - The net cash flow from operating activities for Q3 2023 was -¥6,829,951.71, indicating a cash outflow situation[5] - Cash flow from operating activities for the first three quarters of 2023 showed a net outflow of CNY -28,753,548.78, worsening from CNY -9,425,941.56 in the same period of 2022[20] - The net cash flow from investing activities was -1,958,270.68, compared to -25,767,269.51 in the previous period[21] - Total cash inflow from financing activities was 35,000,000.00, while cash outflow was 26,264,441.85, resulting in a net cash flow of 8,735,558.15[21] - The cash and cash equivalents at the end of the period amounted to 23,209,734.67, down from 28,250,020.16 in the previous period[21] - Cash paid for dividends, profits, or interest amounted to 1,455,627.26, compared to 780,379.51 in the previous period[21] - The total cash outflow from investing activities was 26,191,325.62, significantly higher than the inflow of 424,056.11[21] Operational Efficiency - The company reported a decrease in operating income of 3.56% year-to-date, while operating costs only decreased by 7.41%, leading to increased losses[8] - Research and development expenses for the first three quarters of 2023 were CNY 9,405,576.46, slightly down from CNY 9,767,682.77 in 2022, indicating a focus on cost management[17] - The weighted average return on equity for Q3 2023 was -5.86%, a decrease of 3.32 percentage points year-on-year[5] - The company experienced a significant increase in credit impairment losses, amounting to CNY -7,721,603.08 in the third quarter of 2023, compared to CNY -4,400,935.63 in the same quarter of 2022[18] Accounting Changes - The company is implementing new accounting standards starting from 2023, which may affect financial reporting[21]