KedaTechnology(SH:603660)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥327,271,751.09, a decrease of 20.21% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥140,667,522.30, with a year-to-date net profit of -¥323,837,834.82, indicating significant losses[5]. - The basic and diluted earnings per share for Q3 2023 were both -¥0.2733, reflecting ongoing financial challenges[6]. - The company reported a weighted average return on equity of -24.28% for Q3 2023, indicating a decline in profitability[6]. - The company's total revenue for the first three quarters of 2023 was 1,133,699,733.33 RMB, a decrease of approximately 3.2% compared to 1,171,545,659.19 RMB in the same period of 2022[22]. - The company reported a net profit of 309,268,151.47 RMB for the first three quarters of 2023, a significant decrease from 633,105,986.29 RMB in the same period of 2022, reflecting a decline of approximately 51.2%[21]. - The net profit for Q3 2023 was -326,020,524.25 RMB, compared to -433,486,390.00 RMB in Q3 2022, showing an improvement of approximately 25%[23]. - Operating profit for Q3 2023 was -325,150,850.23 RMB, an improvement from -433,667,709.18 RMB in the same period last year[23]. - Total comprehensive income for Q3 2023 was -325,813,169.77 RMB, compared to -434,697,885.29 RMB in Q3 2022, reflecting a year-over-year improvement[24]. - Basic and diluted earnings per share for Q3 2023 were both -0.6439 RMB, compared to -0.8745 RMB in Q3 2022[24]. Cash Flow and Assets - The cash flow from operating activities for Q3 2023 was ¥37,228,520.04, showing an improvement compared to a negative cash flow of -¥76,419,950.28 year-to-date[6]. - Cash flow from operating activities for the first nine months of 2023 was -76,419,950.28 RMB, compared to -408,919,284.26 RMB in the same period of 2022, indicating a significant reduction in cash outflow[27]. - Cash and cash equivalents as of September 30, 2023, were 460,286,379.11 RMB, down from 619,492,179.57 RMB at the end of 2022, a decline of about 25.7%[18]. - Cash and cash equivalents at the end of Q3 2023 were 460,286,379.11 RMB, up from 328,433,153.58 RMB at the end of Q3 2022[28]. - The company reported a decrease in cash inflow from operating activities, totaling 1,650,002,232.89 RMB in Q3 2023, down from 1,743,058,603.94 RMB in Q3 2022[27]. - Investment activities generated a net cash outflow of -44,147,305.23 RMB in Q3 2023, compared to -153,777,530.09 RMB in Q3 2022, indicating improved cash management[28]. - Financing activities resulted in a net cash outflow of -41,798,746.98 RMB in Q3 2023, a significant decrease from a net inflow of 362,945,969.15 RMB in Q3 2022[28]. - The company recorded a foreign exchange impact on cash and cash equivalents of 3,160,202.03 RMB in Q3 2023, compared to 1,013,621.15 RMB in Q3 2022[28]. - Total assets at the end of the reporting period were ¥2,906,593,656.22, down 12.52% from the end of the previous year[6]. - As of September 30, 2023, total assets amounted to 2,906,593,656.22 RMB, a decrease from 3,322,655,375.27 RMB at the end of 2022, representing a decline of approximately 12.5%[21]. - The company's total equity as of September 30, 2023, was 1,019,838,668.95 RMB, down from 1,319,034,930.04 RMB at the end of 2022, representing a decline of about 22.7%[21]. - Total liabilities as of September 30, 2023, were 1,886,754,987.28 RMB, down from 2,003,620,445.23 RMB at the end of 2022, indicating a reduction of about 5.9%[20]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 32,911[11]. - The largest shareholder, Chen Donggen, holds 129,811,628 shares, representing 25.81% of the total shares[11]. Corporate Actions - The company issued 5.16 million convertible bonds with a total amount of RMB 516 million, with a maturity of 6 years[13]. - As of September 30, 2023, only 2,233 shares have been converted from the convertible bonds, accounting for 0.00045% of the total common shares[13]. - The company has terminated the "Marketing Network Construction Project" and will permanently supplement the remaining funds into working capital[13]. - The company granted 16.7255 million shares of restricted stock and stock options to 936 incentive objects, with a grant price of RMB 3.85 per share[15]. - The company has established a new subsidiary, Suzhou Keda Tong Technology Co., Ltd., with a registered capital of RMB 20 million, holding a 36% equity stake[15]. - The company established Harbin Keda Video Intelligent Manufacturing Co., Ltd. with a registered capital of 10 million RMB, holding 100% equity and voting rights[16]. - The company plans to extend the implementation of remaining fundraising projects to December 2024[13]. - The stock option exercise price is set at RMB 7.70 per share[15]. - The company has not proposed to lower the conversion price of the convertible bonds in the upcoming month[13]. Audit and Reliability - The report indicates that the financial data has not been audited, which may affect the reliability of the figures presented[4]. Cost Management - Operating costs for the first three quarters of 2023 were 1,471,424,349.75 RMB, down from 1,668,844,109.37 RMB in 2022, reflecting a decrease of about 11.8%[22]. - Research and development expenses for the first three quarters of 2023 were 480,000,076.27 RMB, compared to 568,353,376.41 RMB in the same period of 2022, showing a reduction of approximately 15.5%[22]. - The company has implemented measures to strengthen accounts receivable management, leading to improved cash flow from operations[9].