Taihe(SH:605081)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 23,448,802.94, a decrease of 28.62% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was a loss of CNY 38,507,805.38, representing a significant decline of 445.04% year-on-year[5]. - The basic and diluted earnings per share for Q3 2023 were both negative CNY 0.34, reflecting a decline of 449.12% compared to the previous year[6]. - The net profit attributable to shareholders for the year-to-date period was a loss of CNY 55,352,090.93, down 445.04% year-on-year[5]. - Net profit for Q3 2023 was a loss of CNY 55,423,963.79, compared to a profit of CNY 16,037,966.49 in Q3 2022, indicating a significant decline in profitability[22]. - The company reported a total comprehensive loss attributable to shareholders of CNY 55,352,090.93 for Q3 2023, compared to a comprehensive income of CNY 16,042,437.98 in Q3 2022[23]. Cash Flow and Liquidity - The cash flow from operating activities for Q3 2023 was negative CNY 41,605,504.38, indicating a worsening cash position[6]. - Cash inflow from operating activities for the first three quarters of 2023 was CNY 161,332,682.31, compared to CNY 152,626,942.79 in the same period of 2022, showing an increase of 5.03%[24]. - The net cash flow from operating activities was -$98.36 million, slightly improved from -$99.00 million in the previous year[25]. - The company reported a total cash outflow from operating activities of $259.69 million, compared to $251.63 million last year[25]. - The ending cash and cash equivalents balance was $220.21 million, down from $249.68 million in the previous year[25]. - Cash and cash equivalents decreased to ¥394,611,885.19 from ¥531,535,284.97, reflecting a decline of approximately 25.8%[17]. Assets and Liabilities - Total assets at the end of Q3 2023 were CNY 1,844,705,237.33, down 3.58% from the end of the previous year[6]. - Total liabilities as of Q3 2023 amounted to CNY 303,018,750.54, a decrease from CNY 316,469,532.88 in the previous year[21]. - The total equity of the company as of Q3 2023 was CNY 1,541,686,486.79, down from CNY 1,596,696,340.67 in the previous year, indicating a decrease of 3.44%[21]. - The equity attributable to shareholders at the end of Q3 2023 was CNY 1,540,372,165.56, a decrease of 3.48% compared to the previous year[6]. - Total current liabilities decreased to ¥212,613,074.34 from ¥250,462,037.68, a decline of about 15.1%[18]. Operational Metrics - The company experienced a decline in revenue due to macroeconomic factors and a reduction in new project openings[10]. - Operating costs for Q3 2023 were CNY 87,762,947.48, up from CNY 77,676,828.96 in Q3 2022, reflecting an increase of 12.67%[21]. - Research and development expenses for Q3 2023 were CNY 18,572,747.50, an increase of 26.67% compared to CNY 14,708,763.29 in Q3 2022[21]. Shareholder Information - The company has a total of 16,772 common shareholders as of the reporting date[13]. - The top shareholder, He Wenhui, holds 22.56% of the shares, with a total of 25,553,056 shares[13]. Strategic Developments - The company has not reported any significant new strategies or product developments during the quarter[15].