龙芯中科(688047) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥86,418,771.55, representing a decrease of 36.53% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2023 was -¥103,113,069.59, with a year-to-date net profit of -¥206,898,328.59, reflecting a significant decline of 383.24% year-on-year[4]. - The company reported a basic earnings per share of -¥0.26 for Q3 2023, reflecting a decrease of 360.00% year-to-date[6]. - Net profit for Q3 2023 was a loss of RMB 206,898,328.59, compared to a profit of RMB 73,048,006.35 in Q3 2022[25]. - The company reported a comprehensive income total of RMB -200,698,771.00 for Q3 2023, contrasting with RMB 73,048,006.35 in Q3 2022[26]. - Basic earnings per share for Q3 2023 were RMB -0.52, down from RMB 0.20 in Q3 2022[26]. Research and Development - Research and development expenses totaled ¥124,213,986.28 in Q3 2023, an increase of 22.13% compared to the same period last year, and accounted for 143.73% of operating revenue[6]. - The company experienced a significant increase in R&D investment as a percentage of operating revenue, rising by 69.02 percentage points in Q3 2023 compared to the previous year[8]. - Research and development expenses for Q3 2023 amounted to RMB 309,293,553.64, an increase from RMB 211,721,945.09 in Q3 2022[24]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was -¥281,718,241.30, indicating challenges in cash generation[6]. - The net cash flow from operating activities was -281,718,241.30 RMB, an improvement from -448,225,595.46 RMB in the previous year, indicating a 37.2% reduction in losses[28]. - Cash inflow from operating activities for the first three quarters of 2023 was RMB 610,750,516.76, compared to RMB 649,833,167.61 in the same period of 2022[27]. - The total cash and cash equivalents at the end of the period were 351,329,616.10 RMB, down from 517,181,717.91 RMB at the end of the previous year[29]. - The company's cash outflow from operating activities totaled 892,468,758.06 RMB, down from 1,098,058,763.07 RMB, marking an 18.8% decrease[28]. Assets and Liabilities - The total assets at the end of Q3 2023 were ¥4,315,435,039.41, showing a slight decrease of 1.21% from the end of the previous year[6]. - The total current assets amounted to ¥3,459,143,185.57, down from ¥3,641,542,232.15 at the end of 2022, indicating a decrease of about 5.0%[18]. - The company's inventory increased to ¥937,547,303.49 from ¥745,641,817.47, reflecting a growth of approximately 25.7% year-over-year[18]. - The total current liabilities rose to ¥504,645,393.66 from ¥349,323,550.58, marking an increase of approximately 44.4%[20]. - Total liabilities as of Q3 2023 were RMB 621,209,214.65, up from RMB 477,820,000.56 in the previous year[24]. - Total equity attributable to shareholders was RMB 3,694,225,824.76, down from RMB 3,890,520,780.75 in the previous year[24]. Shareholder Information - The top ten shareholders held a total of 21.55% of the shares, with Beijing Tiantong Xinyuan Technology Co., Ltd. being the largest shareholder at 21.55%[10]. Market Conditions - The company attributed the decline in revenue to a decrease in policy-driven market demand and temporary procurement halts in specific sectors[8]. - The company has not disclosed any new product developments or market expansion strategies during the reporting period[16].