UE(603600)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥963,846,818.29, a decrease of 1.38% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2023 was ¥69,221,248.76, down 53.39% year-on-year[6]. - The basic earnings per share for Q3 2023 was ¥0.21, reflecting a decline of 58.00% compared to the previous year[7]. - Total operating revenue for the first three quarters of 2023 was CNY 2,500,240,943.55, a decrease of 21.6% compared to CNY 3,188,010,571.13 in the same period of 2022[20]. - Net profit for the first three quarters of 2023 was CNY 214,137,780.71, a decline of 25.3% from CNY 286,929,790.03 in the same period of 2022[21]. - Earnings per share for the first three quarters of 2023 were CNY 0.68, compared to CNY 0.95 in the same period of 2022[22]. - The company reported a total profit of CNY 243,150,811.20 for the first three quarters of 2023, down 28.2% from CNY 338,309,654.16 in the previous year[21]. Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date period decreased by 57.05%, totaling ¥256,263,049.13[7]. - Cash inflow from operating activities for the first three quarters of 2023 was approximately $2.71 billion, down 28.6% from $3.80 billion in the same period of 2022[24]. - The net increase in cash and cash equivalents for Q3 2023 was approximately $52.32 million, compared to $217.92 million in Q3 2022[26]. - The total cash and cash equivalents at the end of Q3 2023 stood at approximately $696.36 million, up from $582.05 million at the end of Q3 2022[26]. - Cash received from sales of goods and services in the first three quarters of 2023 was approximately $2.49 billion, a decrease of 29% from $3.49 billion in the same period of 2022[24]. - Cash received from tax refunds in Q3 2023 was approximately $130.23 million, down 46.3% from $242.18 million in Q3 2022[24]. - Cash paid to employees in Q3 2023 was approximately $422.20 million, a decrease of 14.1% from $491.17 million in Q3 2022[25]. - Cash paid for taxes in Q3 2023 was approximately $80.76 million, slightly down from $84.26 million in Q3 2022[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,145,705,203.67, an increase of 5.31% from the end of the previous year[7]. - The equity attributable to shareholders increased by 17.20% year-on-year, reaching ¥2,062,591,827.81[7]. - Total liabilities decreased to CNY 1,068,505,550.42 in Q3 2023 from CNY 1,213,415,791.51 in Q3 2022, representing a reduction of 12.0%[19]. - Total equity increased to CNY 2,077,199,653.25 in Q3 2023 from CNY 1,773,722,510.42 in Q3 2022, reflecting a growth of 17.1%[19]. - The company's cash and cash equivalents amounted to RMB 752,455,981.22, up from RMB 688,492,696.72 at the end of 2022, indicating an increase of about 9.3%[14]. - Accounts receivable increased to RMB 473,535,612.53 from RMB 406,213,223.65, representing a growth of approximately 16.5%[14]. - The company's inventory decreased to RMB 389,069,841.55 from RMB 406,651,358.83, showing a decline of about 4.3%[16]. - Short-term borrowings decreased significantly to RMB 203,557,515.79 from RMB 327,783,452.56, a reduction of approximately 37.9%[16]. - The total current liabilities decreased to RMB 1,362,049.92 from RMB 1,754,665.01, reflecting a decline of about 22.3%[16]. - The company's non-current assets totaled RMB 1,357,683,882.26, slightly up from RMB 1,339,329,327.42, indicating a growth of about 1.4%[16]. - The company reported a significant increase in other receivables, which rose to RMB 10,168,673.31 from RMB 8,666,277.86, marking a growth of approximately 17.3%[14]. - The company has a total of 1,788,021,321.41 in current assets, an increase from 1,647,808,974.51, reflecting a growth of about 8.5%[14]. - The company’s goodwill remained stable at RMB 5,055,070.20, unchanged from the previous period[16]. Future Outlook - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[10]. - The company plans to focus on market expansion and new product development as part of its future strategy, although specific figures were not disclosed in the conference call[23]. - The company experienced a significant decrease in net profit primarily due to the recognition of certain compensation income in the same period last year[9]. Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 95,260,183.56, down from CNY 109,952,874.31 in the same period of 2022, indicating a reduction of 12.7%[20].