TCT(SH:688015)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥442,860,214.03, a decrease of 16.72% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2023 was ¥13,897,535.81, down 76.60% year-on-year[6]. - The basic earnings per share for Q3 2023 was ¥0.07, reflecting a decline of 77.42% compared to the previous year[7]. - Total revenue for the first three quarters of 2023 was CNY 1,197,467,237.90, a decrease of approximately 18.4% compared to CNY 1,467,393,071.57 in the same period of 2022[23]. - Net profit for Q3 2023 was CNY 61,191,047.00, compared to CNY 140,867,817.04 in Q3 2022, indicating a decline of approximately 56.5%[24]. - The total comprehensive income for Q3 2023 was ¥61,195,068.33, compared to ¥141,131,809.54 in Q3 2022, indicating a decrease of about 56.7%[25]. - The net profit attributable to the parent company for Q3 2023 was ¥45,372,466.34, a decrease from ¥140,789,269.44 in Q3 2022, representing a decline of approximately 67.8%[25]. Assets and Liabilities - Total assets at the end of Q3 2023 were ¥5,452,408,723.27, a decrease of 2.95% from the end of the previous year[7]. - The total assets as of Q3 2023 amounted to CNY 5,452,408,723.27, a decrease from CNY 5,618,369,198.05 in the previous year[21]. - Total liabilities for Q3 2023 were CNY 2,894,180,523.43, down from CNY 3,062,358,318.49 in the same quarter of 2022[21]. - The total liabilities of the company as of September 30, 2023, are not explicitly stated but are essential for assessing the overall financial health[18]. Cash Flow - The company reported a cash flow deficit from operating activities of ¥156,736,479.08 for the year-to-date period[7]. - Cash inflow from operating activities for the first three quarters of 2023 was ¥1,342,504,101.21, down from ¥1,634,242,072.28 in the same period of 2022, a decrease of approximately 17.8%[27]. - The net cash flow from operating activities for the first three quarters of 2023 was -¥156,736,479.08, an improvement from -¥176,603,322.96 in the same period of 2022[27]. - Cash inflow from investment activities for the first three quarters of 2023 was ¥725,063,704.96, significantly lower than ¥1,795,647,963.80 in the same period of 2022, a decrease of about 59.6%[28]. - The net cash flow from investment activities for the first three quarters of 2023 was ¥291,761,837.09, compared to ¥20,469,693.10 in the same period of 2022, showing a substantial increase[28]. - The net cash flow from financing activities for the first three quarters of 2023 was -¥100,324,930.83, slightly improved from -¥105,456,062.29 in the same period of 2022[28]. Research and Development - Research and development expenses totaled ¥71,265,244.18 in Q3 2023, accounting for 16.09% of operating revenue, an increase of 2.04 percentage points year-on-year[7]. - Research and development expenses for Q3 2023 were CNY 195,359,821.28, slightly up from CNY 192,961,251.08 in Q3 2022[24]. Current Assets - As of September 30, 2023, the company's total current assets amounted to approximately RMB 4.08 billion, a decrease from RMB 4.30 billion at the end of 2022, reflecting a decline of about 5.3%[18]. - The company's cash and cash equivalents stood at approximately RMB 1.16 billion, slightly up from RMB 1.15 billion at the end of 2022, indicating a growth of about 0.4%[18]. - Accounts receivable decreased to approximately RMB 1.56 billion from RMB 1.61 billion, representing a decline of about 3.0%[18]. - Inventory increased significantly to approximately RMB 693.27 million, up from RMB 586.39 million, marking an increase of about 18.2%[18]. - The company's long-term equity investments rose to approximately RMB 65.68 million, compared to RMB 48.53 million at the end of 2022, reflecting an increase of about 35.4%[18]. - The total non-current assets reached approximately RMB 1.12 billion, with fixed assets decreasing to approximately RMB 329.08 million from RMB 379.26 million, a decline of about 13.2%[18]. Stock Incentive Plans - The company completed the registration of 428,928 restricted stocks for the third vesting period of its 2020 stock incentive plan on September 21, 2023[15]. - The company also completed the registration of 308,352 restricted stocks for the second vesting period of its 2021 stock incentive plan on September 21, 2023[16]. Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[22]. - The company has not disclosed any significant new product developments or market expansion strategies in the current report[18]. Project Delivery - The company experienced a decline in project delivery volumes, impacting revenue and profit margins significantly[11].