Tony Tech(SH:603595)2023-10-27 16:00Financial Performance - The company's revenue for Q3 2023 was approximately ¥581.92 million, a decrease of 1.90% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2023 was approximately ¥16.00 million, down 62.78% year-on-year[4]. - The basic earnings per share for Q3 2023 was ¥0.07, a decline of 63.16% compared to the previous year[4]. - The total operating revenue for the first three quarters of 2023 was CNY 1,359,067,952.90, a decrease of 5.05% compared to CNY 1,431,545,312.06 in the same period of 2022[17]. - The total operating revenue for Q3 2023 was approximately ¥1.36 billion, a decrease from ¥1.43 billion in Q3 2022, representing a decline of about 5%[18]. - The net profit for Q3 2023 was a loss of approximately ¥64.35 million, compared to a profit of ¥106.45 million in Q3 2022, indicating a significant decline[19]. - The total comprehensive income for Q3 2023 was a loss of approximately ¥64.35 million, compared to a profit of ¥106.45 million in Q3 2022[19]. - The basic and diluted earnings per share for Q3 2023 were both negative ¥0.22, compared to positive ¥0.46 in Q3 2022[19]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥5.99 billion, an increase of 39.73% year-on-year[5]. - As of September 30, 2023, the total assets amounted to CNY 5,992,081,549.75, an increase from CNY 4,288,303,750.31 at the end of 2022[15]. - The total current assets reached CNY 2,486,330,133.62, up from CNY 1,687,389,537.97 at the end of 2022[13]. - The total liabilities as of September 30, 2023, were CNY 3,383,645,111.27, compared to CNY 2,276,500,299.30 at the end of 2022[15]. - The company's equity attributable to shareholders was CNY 2,136,326,841.38, an increase from CNY 1,907,531,027.24 at the end of 2022[15]. - The non-current assets totaled CNY 3,505,751,416.13, an increase from CNY 2,600,914,212.34 at the end of 2022[14]. Cash Flow - The net cash flow from operating activities for the year-to-date was approximately -¥297.11 million, a decrease of 37.03% compared to the previous year[4]. - The net cash flow from operating activities for the first nine months of 2023 was a negative ¥297.11 million, compared to a negative ¥216.82 million in the same period of 2022[22]. - Cash and cash equivalents at the end of Q3 2023 totaled approximately ¥346.14 million, an increase from ¥301.09 million at the end of Q3 2022[23]. - The company's cash and cash equivalents were CNY 375,168,573.67, significantly higher than CNY 106,651,905.90 at the end of 2022[13]. Expenses and Financial Impact - The total operating costs increased to approximately ¥1.44 billion in Q3 2023 from ¥1.33 billion in Q3 2022, marking an increase of about 8.5%[18]. - Research and development expenses rose to approximately ¥120.51 million in Q3 2023, up from ¥76.34 million in Q3 2022, reflecting an increase of about 57.9%[18]. - The company reported a significant increase in financial expenses due to higher exchange losses and interest expenses, impacting net profit[8]. - The company reported a significant increase in financial expenses, with interest expenses rising to approximately ¥70.16 million in Q3 2023 from ¥29.49 million in Q3 2022[18]. Government Support and Business Focus - The company received government subsidies amounting to approximately ¥6.91 million in Q3 2023, contributing positively to the financial results[7]. - The company is focusing on expanding its semiconductor business, which has led to an increase in inventory and fixed assets[8]. Capital and Investments - The company completed a capital increase of CNY 15,000 million in its subsidiary Dongni Semiconductor, reducing its ownership from 69.42% to 67.52%[12]. - The company provided a guarantee for Dongni Semiconductor's leaseback contract totaling CNY 16,359.72 million[12]. - The company plans to use the remaining CNY 32.32 million from its 2021 private placement for permanent working capital[12]. Shareholder Activity - The company raised approximately ¥660 million from minority shareholders in Q3 2023, compared to ¥300 million in Q3 2022, indicating a growth of 120%[23].