纵横股份(688070) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥55,059,529.93, a decrease of 18.67% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥17,943,634.37, representing a decline of 163.23% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥16,855,273.29, down 112.67% from the previous year[5]. - Basic and diluted earnings per share for the period were both -¥0.20, a decrease of 148.42% compared to the same period last year[6]. - The company's net operating profit for the first three quarters of 2023 was -¥36,626,629.67, compared to -¥11,501,446.05 in the previous year, reflecting a decline in profitability[22]. - The net profit for Q3 2023 was -23,877,940.61 RMB, compared to -8,807,647.14 RMB in Q3 2022, indicating a significant increase in losses[23]. - The total comprehensive income for Q3 2023 was -23,877,940.61 RMB, compared to -8,807,647.14 RMB in the same period last year[24]. - Basic and diluted earnings per share for Q3 2023 were both -0.27 RMB, compared to -0.09 RMB in Q3 2022, reflecting a worsening financial performance[24]. Research and Development - Research and development expenses totaled ¥20,305,556.21, an increase of 62.88% year-on-year, accounting for 36.88% of operating revenue, up 18.47 percentage points[6]. - R&D investment for the current reporting period reached 20.31 million RMB, an increase of 38.54% compared to the same period last year[11]. - Total R&D investment for the year-to-date period was 52.69 million RMB, an increase of 79.00% compared to the same period last year[11]. - The company reported a significant increase in R&D investment due to the capitalization of the heavy-duty drone project[11]. - Research and development expenses for the first three quarters of 2023 were ¥26,614,204.89, compared to ¥23,655,551.56 in 2022, reflecting an increase of about 12.4%[22]. Cash Flow and Assets - The company reported a cash flow from operating activities of -¥84,111,645.98 for the year-to-date[6]. - Cash flow from operating activities for the first three quarters of 2023 was -84,111,645.98 RMB, an improvement from -99,237,676.39 RMB in the same period of 2022[27]. - The company's cash and cash equivalents decreased to ¥141,341,130.94 from ¥207,019,210.53, a decline of approximately 31.8%[18]. - The total cash and cash equivalents at the end of Q3 2023 were 135,317,522.99 RMB, down from 146,804,296.96 RMB at the end of Q3 2022[28]. - The total cash outflow from operating activities for the first three quarters of 2023 was 350,002,291.45 RMB, compared to 290,444,664.62 RMB in the previous year[27]. Liabilities and Equity - The equity attributable to shareholders decreased by 3.53% to ¥646,382,019.47 compared to the end of the previous year[6]. - The company's total liabilities as of September 30, 2023, amounted to ¥362,841,309.09, compared to ¥277,385,029.36 at the end of 2022, representing an increase of approximately 30.8%[19]. - Long-term borrowings rose to ¥57,500,000.00 from ¥9,500,000.00, indicating a substantial increase of over 505.3%[19]. - The total equity attributable to shareholders decreased to ¥646,382,019.47 from ¥670,028,123.48, a drop of about 3.5%[19]. Market and Orders - The company experienced a 10% increase in total orders compared to the previous year, despite a decline in domestic orders[16]. - The company plans to actively promote the delivery of existing orders in Q4, focusing on new products like unmanned systems and fixed-wing drones[16]. - The company has a sufficient backlog of orders as of the end of Q3, positioning itself for future growth[16]. - The overall performance for the year remains uncertain due to macroeconomic conditions and client budget execution[16]. Revenue and Costs - Total operating revenue for the first three quarters of 2023 reached ¥200,900,142.30, an increase from ¥185,985,403.85 in the same period of 2022, representing a growth of approximately 8.9%[21]. - Total operating costs for the first three quarters of 2023 were ¥237,308,826.81, up from ¥199,745,079.91 in 2022, indicating an increase of about 18.8%[22]. - The company reported sales revenue of 223,676,339.53 RMB for the first three quarters of 2023, compared to 165,210,923.49 RMB in the same period of 2022, showing a growth of approximately 35.4%[26]. - Operating income for the current quarter slightly decreased compared to the previous year due to unexpected order delays[16].