RocKontrol(SH:688051)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 82.16 million, representing a year-on-year increase of 2.19%[5] - The net profit attributable to shareholders for Q3 2023 was CNY -29.33 million, a decrease compared to CNY -22.48 million in the same period last year[10] - The cash flow from operating activities for Q3 2023 was CNY -23.74 million, an improvement from CNY -37.31 million in the previous year[10] - Total operating revenue for the first three quarters of 2023 was ¥216,967,192.11, a decrease of 0.64% compared to ¥218,360,729.82 in the same period of 2022[19] - Net profit for the third quarter of 2023 was a loss of ¥91,526,187.73, compared to a loss of ¥83,712,952.09 in the same quarter of 2022, indicating a worsening of approximately 9.7%[21] - Total comprehensive loss for the third quarter of 2023 was -¥91,526,187.73, compared to -¥83,712,952.09 in the same quarter of 2022[22] Assets and Liabilities - Total assets at the end of Q3 2023 were CNY 1,311.38 million, down 11.48% from the end of the previous year[6] - The total equity attributable to shareholders at the end of Q3 2023 was CNY 940.25 million, a decrease of 8.57% from the previous year[6] - As of September 30, 2023, the company's total assets amounted to RMB 1,311,375,890.96, a decrease from RMB 1,481,413,155.74 at the end of 2022, reflecting a decline of approximately 11.5%[15] - The company's total equity attributable to shareholders decreased to RMB 940,247,154.52 from RMB 1,028,417,333.52, a decline of approximately 8.5%[17] - The total current liabilities decreased to RMB 338,982,743.39 from RMB 424,387,085.78, indicating a reduction of about 20.1%[16] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY -125.08 million, an increase of 6,179.12 million compared to the same period last year[10] - Cash inflow from operating activities totaled ¥210,029,561.47 for the first three quarters of 2023, down 21.7% from ¥268,456,224.44 in 2022[25] - The net cash flow from operating activities was -$125,082,005.79, compared to -$186,873,202.46 in the previous year, indicating an improvement of approximately 33%[26] - Total cash outflow from operating activities was $335,111,567.26, compared to $455,329,426.90 in the previous year, showing a reduction of about 26.4%[26] Research and Development - R&D expenses for Q3 2023 totaled CNY 19.79 million, a decrease of 15.84% year-on-year[6] - R&D expenses accounted for 24.08% of operating revenue in Q3 2023, down 5.16 percentage points from the previous year[6] - Research and development expenses were ¥58,202,584.90 in 2023, down 25.7% from ¥78,278,642.20 in 2022[20] Government Support - The company received government subsidies amounting to CNY 182.76 million in Q3 2023, down from CNY 586.99 million year-to-date[8] Investments and Inventory - The company's long-term investments increased to RMB 25,287,164.11 from RMB 16,984,918.28, reflecting a growth of approximately 48.5%[15] - The company's inventory decreased to RMB 71,537,574.91 from RMB 94,711,551.91, a decline of about 24.4%[15] Other Financial Metrics - The weighted average return on equity for Q3 2023 was -3.07%, compared to -9.11% in the previous year[6] - Basic earnings per share for the third quarter of 2023 was -¥1.16, compared to -¥1.05 in the same quarter of 2022[22] - Cash received from sales of goods and services was ¥194,990,777.47 in 2023, a decrease of 10.5% from ¥217,863,867.47 in 2022[25] - The company reported a decrease in sales expenses to ¥19,512,107.15 in 2023 from ¥25,006,618.72 in 2022, a reduction of approximately 22%[20] - Other income decreased significantly to ¥9,576,243.74 in 2023 from ¥23,711,195.14 in 2022, a decline of about 59.6%[20] Significant Events - The company has not reported any significant new product developments or market expansions during the quarter[14] - There were no significant mergers or acquisitions reported in the current quarter[14]