YONGYUE(SH:603879)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥89,367,262.21, representing a year-on-year increase of 5.82%[6]. - The net profit attributable to shareholders was -¥13,146,812.21, with a year-to-date net profit of -¥30,671,544.52[6]. - The basic and diluted earnings per share for Q3 2023 were both -¥0.0365, showing a decline compared to -¥0.0849 in the same period last year[7]. - Total operating revenue for the first three quarters of 2023 reached RMB 236,886,579.18, an increase from RMB 217,052,403.48 in the same period of 2022, representing a growth of approximately 9.4%[23]. - The net profit for Q3 2023 was -31,079,506.72 RMB, compared to -17,388,427.54 RMB in Q3 2022, indicating a year-over-year increase in net loss of approximately 79%[24]. - Operating profit for Q3 2023 was -41,472,587.04 RMB, worsening from -26,046,992.87 RMB in the same quarter last year[24]. - Total comprehensive income for Q3 2023 was -31,121,603.98 RMB, compared to -17,780,522.56 RMB in Q3 2022, reflecting a significant decline[25]. - Revenue from sales of goods and services for the first nine months of 2023 was 296,772,238.71 RMB, a decrease from 307,846,516.24 RMB in the same period of 2022[27]. Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date period was -¥26,317,187.29, reflecting a significant decrease of 182.84%[7]. - Cash flow from operating activities for the first nine months of 2023 was -26,317,187.29 RMB, a decrease from 31,769,965.53 RMB in the same period of 2022[28]. - Cash and cash equivalents at the end of Q3 2023 stood at 95,107,362.40 RMB, down from 178,363,931.94 RMB at the end of Q3 2022[29]. - The company's cash and cash equivalents decreased to RMB 95,107,362.40 from RMB 163,369,934.87 at the end of 2022, a decline of approximately 41.8%[17]. - Investment activities resulted in a net cash outflow of -81,150,367.62 RMB in Q3 2023, compared to -2,793,128.81 RMB in Q3 2022[28]. - The company experienced a cash inflow from financing activities of 39,053,090.23 RMB in Q3 2023, an increase from 8,391,916.95 RMB in Q3 2022[28]. Assets and Liabilities - The total assets at the end of the reporting period were ¥572,332,613.27, an increase of 3.74% from the previous year[7]. - As of September 30, 2023, total assets were RMB 572,332,613.27, compared to RMB 551,682,859.69 at the end of 2022, showing a growth of about 3.0%[21]. - The total liabilities as of September 30, 2023, were RMB 97,009,870.01, up from RMB 42,609,432.60 at the end of 2022, indicating a substantial increase of about 128.5%[20]. - The equity attributable to shareholders decreased by 6.64% to ¥468,517,802.53 compared to the end of the previous year[7]. - The company's retained earnings decreased to RMB 53,858,147.94 from RMB 84,529,692.46, a decline of approximately 36.3%[21]. - The inventory as of September 30, 2023, was RMB 72,612,690.44, significantly higher than RMB 33,699,640.91 at the end of 2022, representing an increase of about 115.0%[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,188[12]. - The largest shareholder, Jiangsu Huaying Enterprise Management Co., Ltd., holds 17.23% of the shares, with 62,159,500 shares frozen[13]. Research and Development - Research and development expenses for the first three quarters of 2023 amounted to RMB 12,686,238.11, compared to RMB 6,304,475.43 in 2022, reflecting a significant increase of approximately 101.0%[23]. Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[23].