QuantumCTek(SH:688027)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥24,555,303.78, representing a year-on-year increase of 23.69%[7] - The net profit attributable to shareholders for Q3 2022 was -¥16,064,488.63, with a year-to-date net profit of -¥61,430,790.65[7] - Total operating revenue for Q3 2022 was 38,760,808.52, a decrease of 12.8% compared to 44,015,838.90 in Q3 2021[38] - Net profit for Q3 2022 was -61,154,180.46, compared to -44,381,038.42 in Q3 2021, indicating a worsening financial performance[41] - Basic earnings per share for Q3 2022 were -0.77, compared to -0.55 in Q3 2021, reflecting a decline in profitability[41] Research and Development - Research and development (R&D) expenses totaled ¥32,083,367.79 in Q3 2022, accounting for 130.66% of operating revenue, an increase of 39.78 percentage points year-on-year[10] - The company plans to maintain its technological leadership in quantum secure communication and quantum computing through increased R&D investments[19] - Research and development expenses rose to 64,374,819.89, up from 38,555,549.58 in the previous year, highlighting increased investment in innovation[38] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -¥10,376,508.45 year-to-date[10] - Cash flow from operating activities showed an increase to 114,278,187.50, compared to 77,891,746.41 in the same period last year, indicating improved cash generation[43] - Cash received from operating activities amounted to $166.75 million, compared to $113.13 million in the previous year[47] - Cash paid for operating activities was $177.13 million, a decrease from $205.64 million year-over-year[47] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥1,976,373,867.86, showing a slight increase of 0.01% from the end of the previous year[10] - The company's cash and cash equivalents decreased from ¥656,209,387.48 at the end of 2021 to ¥446,637,660.91 by September 30, 2022, representing a decline of approximately 32%[28] - Total liabilities amounted to 309,472,318.53, slightly up from 303,173,013.30, suggesting stable financial leverage[38] - The company reported a decrease in accounts payable from ¥69,846,399.48 at the end of 2021 to ¥53,243,453.93 by September 30, 2022, a decline of about 23.9%[30] Shareholder Information - The total number of common shareholders at the end of the reporting period was 14,995, with the largest shareholder holding 10,800,000 shares, accounting for 13.47%[21] - The number of shares held by the top ten shareholders included significant stakes from state-owned entities, indicating a strong institutional presence[21] Government Support - The company received government subsidies amounting to ¥12,876,864.23 in Q3 2022, contributing to the financial results[11] Investment Activities - Cash inflow from investment activities reached $746.93 million, compared to $690.43 million in the previous year[47] - Cash outflow from investment activities was $1.01 billion, up from $756.50 million year-over-year, resulting in a net cash flow from investment activities of -$262.74 million[47] - Cash received from investment income was $9.25 million, up from $8.43 million year-over-year[47] - Cash received from the recovery of investments was $737.62 million, compared to $682 million in the previous year[47] Other Financial Metrics - The weighted average return on equity (ROE) for Q3 2022 was -0.96%, an increase of 0.59 percentage points compared to the previous year[10] - The basic earnings per share for Q3 2022 was -¥0.20, with a year-to-date figure of -¥0.77[10] - Total current assets as of September 30, 2022, were ¥1,383,766,830.11, slightly down from ¥1,385,422,199.84 at the end of 2021[30] - Long-term equity investments decreased from ¥51,464,959.63 at the end of 2021 to ¥35,489,513.07 by September 30, 2022, a reduction of approximately 31%[30] - Total equity decreased to 1,666,901,549.33 from 1,673,089,040.18, reflecting a decline in shareholder value[38] - The company reported a significant increase in sales expenses to 19,474,309.61, compared to 14,462,446.02 in the previous year, indicating higher marketing efforts[38] - Investment losses were reported at -3,903,699.17, a significant decline from investment gains of 4,918,217.42 in the same period last year[38]