ST起步(603557) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥65,308,229.52, a decrease of 58.90% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2023 was -¥95,608,246.84, with a year-to-date net profit of -¥282,446,121.17, both figures indicating significant losses[5] - Basic earnings per share for Q3 2023 were -¥0.1934, and diluted earnings per share were also -¥0.1934, indicating a substantial decrease in profitability[6] - The weighted average return on equity was -18.37% for Q3 2023, a decrease of 11.89 percentage points compared to the previous year[6] - Total operating revenue for the first three quarters of 2023 was CNY 212,942,119.85, a decrease of 36.0% compared to CNY 333,162,217.10 in the same period of 2022[21] - Net profit for the first three quarters of 2023 was a loss of CNY 283,229,552.55, compared to a loss of CNY 174,660,622.90 in the same period of 2022, indicating a worsening of 62.1%[22] - The company reported a net loss attributable to shareholders of CNY 282,446,121.17 for the first three quarters of 2023, compared to a loss of CNY 171,219,310.04 in the same period of 2022[22] - Basic and diluted earnings per share for the third quarter of 2023 were both CNY -0.57, compared to CNY -0.35 in the same quarter of 2022, indicating a decline in performance[23] - The company’s total comprehensive income for the third quarter of 2023 was a loss of CNY 289,172,056.80, compared to a loss of CNY 213,599,972.90 in the same quarter of 2022[23] Cash Flow and Assets - The net cash flow from operating activities for Q3 2023 was -¥8,763,025.34, and year-to-date it was -¥31,556,023.48, reflecting a decline of 405.34%[5] - Cash flow from operating activities for the first three quarters of 2023 was CNY 252,031,358.84, an increase from CNY 243,482,535.91 in the same period of 2022[25] - Total assets at the end of Q3 2023 were ¥1,379,120,040.81, down 15.69% from the end of the previous year[6] - As of September 30, 2023, total assets amounted to RMB 1,379,120,040.81, a decrease from RMB 1,635,734,259.66 at the end of 2022, reflecting a decline of approximately 15.7%[16] - Total current assets decreased to RMB 842,051,999.09 from RMB 1,049,901,378.51, representing a reduction of about 19.8%[17] - Cash and cash equivalents were reported at RMB 162,669,591.87, down from RMB 186,214,424.04, indicating a decrease of approximately 12.6%[16] - Accounts receivable decreased to RMB 357,442,886.79 from RMB 497,665,689.17, a decline of about 28.2%[16] - Inventory decreased to RMB 113,264,980.79 from RMB 149,702,825.02, reflecting a reduction of approximately 24.3%[17] - The company reported a total cash inflow from operating activities of 301,595,783.33, down from 431,217,061.55 in the previous quarter[26] Liabilities and Equity - Total liabilities increased to RMB 959,498,124.37 from RMB 937,108,994.03, showing an increase of about 2.5%[18] - Short-term borrowings rose to RMB 366,070,103.45 from RMB 317,753,664.66, an increase of approximately 15.1%[18] - The company reported a total equity of RMB 419,621,916.44 as of September 30, 2023, compared to RMB 698,625,265.63 at the end of 2022, indicating a decrease of about 39.9%[18] - Equity attributable to shareholders decreased by 39.79% to ¥421,083,324.72 compared to the end of the previous year[6] Operational Challenges - The company reported a significant decline in revenue due to tight funding, reduced operational efficiency, and adjustments by distributors[10] - The company did not report any new product developments or market expansion strategies during this quarter[10] - The company has no significant new product launches or technological developments reported during this period[15] Other Financial Metrics - Non-recurring gains and losses included government subsidies amounting to ¥135,791.14 for Q3 2023[8] - Research and development expenses increased to CNY 16,444,028.84 in the first three quarters of 2023, up from CNY 13,467,482.38 in the same period of 2022, representing a growth of 22.0%[21] - Other comprehensive income after tax for the third quarter of 2023 was a loss of CNY 5,942,504.25, compared to a loss of CNY 38,939,350.00 in the same period of 2022[22] - Cash inflow from financing activities totaled 141,850,000.20, with cash outflow of 157,107,774.86, leading to a net cash flow of -15,257,774.66[27] - The company received tax refunds amounting to 144,115.29 during the quarter[26] - Cash received from investment income was 29,720,892.36, indicating a focus on investment returns[26] - The company paid 51,896,391.72 in employee compensation, an increase from 38,146,117.95 in the previous quarter[26] - Cash outflow for taxes was 8,346,889.22, compared to 30,463,797.03 in the previous quarter[26] - The company experienced a negative impact of 61,528.48 from exchange rate fluctuations on cash and cash equivalents[27]