AKL(SH:603722)2023-10-27 16:00Financial Performance - The company's revenue for Q3 2023 was ¥134,258,905.27, representing a decrease of 20.07% compared to the same period last year[5] - Net profit attributable to shareholders was ¥5,227,581.50, down 82.36% year-on-year[5] - The basic earnings per share for Q3 2023 was ¥0.06, a decline of 82.97% compared to the previous year[6] - The weighted average return on equity decreased to 0.70%, down 3.44 percentage points from the previous year[6] - The company reported a decrease in net profit for the year-to-date of 79.48% compared to the same period last year[10] - Total revenue for the first three quarters of 2023 was CNY 413,523,872.47, a decrease from CNY 577,476,205.78 in the same period of 2022[19] - Total revenue for Q3 2023 was 24,755,859.40, a decrease from 122,498,746.69 in Q3 2022, representing a decline of approximately 80.8%[20] - Net profit for Q3 2023 was 20,789,037.10, down from 103,879,581.49 in Q3 2022, indicating a decrease of about 80%[21] - Basic and diluted earnings per share for Q3 2023 were both 0.24, compared to 1.18 in Q3 2022, reflecting a decline of approximately 79.7%[22] - The company reported a total comprehensive income of 20,789,037.10 for Q3 2023, down from 103,879,581.49 in Q3 2022, reflecting a decrease of about 80%[22] Cash Flow and Assets - Cash flow from operating activities for the year-to-date was ¥54,734,441.23, down 60.62% compared to the previous year[10] - Cash flow from operating activities for the first nine months of 2023 was 54,734,441.23, down from 139,003,638.46 in the same period of 2022, a decrease of about 60.6%[24] - As of September 30, 2023, cash and cash equivalents amounted to CNY 400,547,961.92, up from CNY 269,024,215.71 at the end of 2022, representing a 48.96% increase[16] - Cash and cash equivalents at the end of Q3 2023 totaled 373,733,961.92, an increase from 253,182,521.69 at the end of Q3 2022, representing a growth of approximately 47.6%[24] - Total assets at the end of the reporting period were ¥938,796,309.35, a decrease of 0.91% from the end of the previous year[6] - Total assets as of September 30, 2023, were CNY 938,796,309.35, a slight decrease from CNY 947,426,215.67 at the end of 2022[18] - Non-current assets totaled CNY 385,644,876.12, an increase from CNY 365,460,672.60 at the end of 2022, marking a growth of 5.03%[17] Liabilities and Equity - Total liabilities decreased to CNY 177,697,595.07 from CNY 185,170,488.49, reflecting a reduction of 4.25%[18] - The total equity attributable to shareholders was CNY 758,923,413.37, slightly down from CNY 759,459,616.49 at the end of 2022[18] - The company's inventory decreased to CNY 38,672,876.16 from CNY 53,437,606.04, indicating a decline of 27.67%[16] - The company reported a total of CNY 5,887,061.72 in contract liabilities as of September 30, 2023, compared to CNY 5,525,851.42 previously[17] Operational Challenges - The gross profit margin has significantly declined, impacting net profit and earnings per share[10] - The company is currently facing challenges due to a downturn in the industry and significant price reductions in products[10] - The company incurred tax expenses of 3,966,822.30 in Q3 2023, compared to 18,619,165.20 in Q3 2022, a decrease of approximately 78.7%[21] - Research and development expenses for Q3 2023 were 12,945,426.49, down from 21,879,793.91 in Q3 2022, a decrease of about 40.7%[20] - Total operating costs for Q3 2023 were 392,129,155.72, compared to 454,716,765.19 in Q3 2022, indicating a reduction of approximately 13.8%[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,534[12] - The number of shares held by the top shareholder, Zhu Xuejun, is 21,912,700, representing 24.92% of total shares[13] Accounting and Reporting - The company has adopted new accounting standards starting in 2023, which may affect the financial statements from the beginning of the year[26] - No specific financial performance metrics or user data were disclosed in the report[26] - Future outlook and performance guidance were not provided in the document[26] - There were no mentions of new product or technology developments in the report[26] - The document does not indicate any market expansion or acquisition strategies[26] - No new strategic initiatives were highlighted in the report[26] - The report does not contain any specific revenue or profit figures for the third quarter[26] - There is no information regarding user growth or engagement metrics[26] - The company did not provide any insights into competitive positioning or market trends[26] - The document is primarily an announcement regarding the adoption of new accounting standards[26]