TC(SH:603421)2023-10-25 16:00Financial Performance - The company's revenue for Q3 2023 was ¥854,605,723.62, representing a year-over-year increase of 4.67%[3]. - The net profit attributable to shareholders decreased by 81.65% to ¥17,934,884.02 compared to the same period last year[3]. - The basic earnings per share (EPS) for Q3 2023 was ¥0.03, down 80.00% year-over-year[3]. - Net profit for the third quarter of 2023 was CNY 53,815,253.00, a decrease of 28% from CNY 74,628,242.93 in the third quarter of 2022[17]. - Operating profit for the first three quarters of 2023 was CNY 60,580,617.71, down from CNY 75,890,034.77 in the same period last year, reflecting a decline of 20.1%[17]. - Net profit for the first three quarters of 2023 was ¥84,646,822.94, a decline of 40.0% compared to ¥141,447,547.22 in 2022[26]. - The company’s total profit for the first three quarters was ¥89,518,237.23, down 35.8% from ¥139,673,618.36 in the same period of 2022[26]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was -¥189,674,280.55, indicating a significant cash outflow[3]. - Cash flow from operating activities for the first three quarters of 2023 was negative at CNY -189,674,280.55, an improvement from CNY -419,305,805.23 in the same period of 2022[20]. - Cash flow from operating activities showed a net outflow of ¥282,611,206.01, an improvement from a net outflow of ¥499,290,366.53 in the previous year[28]. - The company's cash and cash equivalents were reported at CNY 321.80 million, down from CNY 392.84 million at the end of 2022, indicating a decrease of approximately 18.1%[13]. - Cash and cash equivalents at the end of the period were ¥56,161,351.27, down from ¥94,687,329.32 at the end of the same period in 2022[28]. - The net cash flow from financing activities was 187,160,859.15 RMB, compared to 397,791,699.47 RMB in the previous period[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,557,915,927.84, a decrease of 1.87% compared to the end of the previous year[4]. - Total liabilities as of September 30, 2023, were CNY 2.22 billion, a decrease from CNY 2.34 billion at the end of 2022, representing a decline of about 5.2%[15]. - The company's long-term borrowings rose to CNY 771.90 million from CNY 412.50 million, indicating an increase of approximately 87.2%[15]. - The total assets of the company were reported at CNY 5.56 billion, down from CNY 5.66 billion, reflecting a decrease of about 1.9%[14]. - The company's total equity remained stable at CNY 3.34 billion, unchanged from the previous reporting period[15]. Research and Development - The company reported a decrease in gross profit margin due to changes in product sales structure and increased R&D investment[8]. - The company plans to continue expanding its R&D efforts and adjust its product strategy to improve profitability in the future[8]. - Research and development expenses increased to CNY 357,984,104.60 in the first three quarters of 2023, up from CNY 299,127,016.01 in the same period of 2022, marking a growth of 19.6%[16]. - Research and development expenses increased to ¥265,521,894.79, representing a 22.8% rise from ¥216,166,726.09 in the same period last year[26]. Shareholder Information - The number of shareholders at the end of the reporting period was 17,302, with the top 10 shareholders holding a combined 83.88% of the shares[10]. Sales and Revenue - Total operating revenue for the first three quarters of 2023 reached CNY 2,177,541,979.97, an increase of 20.6% compared to CNY 1,804,779,828.93 in the same period of 2022[16]. - The company’s sales revenue from goods and services received cash of ¥1,777,389,860.20, up from ¥1,462,238,125.24 in the previous year[27]. - The company reported a decrease in sales expenses to CNY 282,177,384.69 in the first three quarters of 2023, down from CNY 356,437,953.27 in the same period of 2022, a reduction of 20.8%[16].