RAISECOM(SH:603803)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥365,651,715.90, a decrease of 25.57% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was -¥36,464,527.70, representing a decline of 336.50% year-on-year[5]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was -¥49,051,076.20, down 441.52% from the previous year[5]. - Basic earnings per share for Q3 2023 were -¥0.08, a decrease of 300.00% compared to the same period last year[6]. - Net profit for the third quarter of 2023 was -¥73,985,965.85, compared to a net profit of ¥45,642,675.07 in the same quarter of 2022, indicating a significant decline[19]. - The company reported a comprehensive income total of -¥74,613,170.23 for the third quarter of 2023, contrasting with a comprehensive income of ¥64,466,920.32 in the previous year[20]. - Basic and diluted earnings per share for the third quarter of 2023 were both -¥0.17, compared to ¥0.11 in the same quarter of 2022[20]. - The net profit for the first three quarters of 2023 was a loss of CNY 15,822,108.78, compared to a profit of CNY 16,896,336.81 in the same period of 2022[30]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,001,370,410.35, a decrease of 13.58% from the end of the previous year[6]. - As of September 30, 2023, the company's total assets amounted to approximately CNY 3,001.37 million, a decrease from CNY 3,473.14 million at the end of 2022, reflecting a decline of about 13.6%[15]. - The company's total liabilities as of the end of the third quarter of 2023 were ¥1,115,353,965.71, down from ¥1,521,555,600.94 at the end of the previous year[18]. - The total equity attributable to shareholders of the parent company was ¥1,886,016,444.64, a decrease from ¥1,951,582,581.53 in the previous year[18]. - The total liabilities of the company as of September 30, 2023, were approximately ¥1.17 billion, a decrease from ¥1.59 billion at the end of 2022[26]. - The company's total equity as of the end of Q3 2023 was CNY 2,597,323,675.61, slightly down from CNY 2,603,719,403.07 at the end of Q3 2022[30]. Cash Flow - The company reported a cash flow from operating activities of ¥147,912,408.14 for the year-to-date period[5]. - The net cash flow from operating activities in Q3 2023 was ¥147.91 million, a significant improvement from a net outflow of ¥99.97 million in Q3 2022[23]. - In the first three quarters of 2023, the cash inflow from operating activities was approximately ¥1.41 billion, a decrease of about 5.8% compared to ¥1.49 billion in the same period of 2022[22]. - The company's cash flow from operating activities generated a net amount of CNY 244,818,482.45, recovering from a negative cash flow of CNY 76,015,141.42 in the previous year[31]. - Total cash outflow from financing activities in Q3 2023 was ¥658.98 million, compared to ¥350.82 million in Q3 2022, resulting in a net cash flow from financing activities of -¥305.52 million[24]. Expenses and Costs - The company experienced a significant increase in management expenses due to new equity incentive costs and employee compensation totaling ¥26.5 million[9]. - Research and development personnel increased by 17%, leading to a nearly ¥20 million increase in R&D expenses[9]. - Research and development expenses for the first three quarters of 2023 were ¥220,105,055.57, an increase from ¥203,347,888.01 in 2022, reflecting a growth of 8.5%[18]. - The company reported a significant reduction in financial expenses, totaling CNY 11,497,258.35 in 2023 compared to CNY 40,324,834.62 in 2022, indicating improved financial management[29]. - The company experienced a decrease in sales costs, which were CNY 662,109,974.71 for the first three quarters of 2023, down from CNY 876,148,943.43 in the same period of 2022[29]. Market and Operational Challenges - The company is facing challenges due to the international economic environment, slow market demand recovery, and intensified competition, impacting order delivery and sales[9]. - The company has not disclosed any new product developments or market expansion strategies during the reporting period[14]. - There are no significant mergers or acquisitions reported in the current quarter[14].