Piotech (SH:688072)2023-10-29 16:00Financial Performance - The company's revenue for Q3 2023 reached ¥698,797,743.60, representing a 49.22% increase compared to ¥468,306,876.31 in the same period last year[4] - Net profit attributable to shareholders was ¥146,452,704.36, a 13.30% increase from ¥129,370,235.32 year-over-year[4] - The basic earnings per share (EPS) for the quarter was ¥0.78, up 13.04% from ¥0.69 in the previous year[4] - Q3 2023 revenue reached 699 million RMB, an increase of 230 million RMB year-on-year, driven by increased demand from domestic wafer fabs and new product validations[10] - Year-to-date revenue for 2023 is 1.703 billion RMB, up 711 million RMB compared to the same period last year, primarily due to the same factors as Q3[10] - Net profit attributable to shareholders for the first nine months of 2023 is 271 million RMB, an increase of 34 million RMB year-on-year, with a year-on-year growth of 83.41% after excluding share-based payment expenses[10] - The net profit for Q3 2023 was CNY 269,523,058.52, an increase from CNY 234,622,408.63 in Q3 2022, representing a growth of approximately 14.85%[24] - The total operating profit for Q3 2023 was CNY 269,443,418.72, compared to CNY 226,752,536.42 in the same period last year, indicating a year-over-year increase of about 18.78%[24] - The company's total revenue for the first three quarters of 2023 was approximately 1.70 billion, compared to 991.5 million in the same period of 2022, marking an increase of about 71.5%[23] Research and Development - Research and development (R&D) expenses totaled ¥143,944,289.40, marking a 39.34% increase from ¥103,301,312.35 in the same period last year[4] - R&D expenses accounted for 20.60% of total revenue, a decrease of 1.46 percentage points from 22.06% year-over-year[5] - R&D investment for Q3 2023 totaled 144 million RMB, a year-on-year increase of 39.34%, reflecting the company's commitment to expanding product variety and process applications[10] - Year-to-date R&D investment reached 354 million RMB, up 60.33% compared to the same period last year, indicating a strong focus on innovation[12] - Research and development expenses for the first three quarters of 2023 amounted to approximately 354.0 million, compared to 220.8 million in the same period of 2022, reflecting an increase of about 60.1%[23] Assets and Liabilities - Total assets as of the end of the reporting period were ¥8,792,929,324.91, reflecting a 20.22% increase from ¥7,313,286,512.91 at the end of the previous year[5] - Current assets totaled approximately 7.73 billion, an increase from 6.82 billion, representing a growth of around 13.3% year-over-year[21] - The total liabilities increased to approximately 4.72 billion from 3.61 billion, indicating a rise of about 30.9%[22] - Total current assets reached RMB 6,820,373,329.11 as of Q3 2023, showing stability in liquidity[31] - Inventory levels increased significantly to approximately 3.87 billion from 2.30 billion, representing a growth of about 68.5%[21] - Total liabilities amounted to RMB 3,605,390,781.35, reflecting the company's financial obligations[32] Cash Flow - The company reported a net cash flow from operating activities of -¥1,363,205,951.51 for the year-to-date period[4] - Cash flow from operating activities for the first three quarters of 2023 was CNY 1,830,973,200.00, up from CNY 1,582,836,199.29 in the same period of 2022, reflecting a growth of approximately 15.66%[26] - The net cash flow from operating activities for Q3 2023 was negative at CNY -1,363,205,951.51, compared to CNY -117,613,970.27 in Q3 2022, indicating a significant increase in cash outflow[28] - The company reported a significant decrease in cash inflow from investment activities, with a net cash flow of CNY -463,758,269.45 in Q3 2023 compared to CNY -1,628,372,087.50 in Q3 2022[28] - The company’s total cash inflow from financing activities in Q3 2023 was CNY 607,189,784.92, a decrease from CNY 2,153,513,350.62 in Q3 2022, indicating a decline of about 71.8%[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,774, with significant holdings by state-owned and private investment entities[13] - Shareholders' equity attributable to the parent company was ¥4,078,735,326.60, a 9.89% increase from ¥3,711,530,962.28 year-over-year[5] - The equity attributable to shareholders rose to approximately 4.08 billion from 3.71 billion, reflecting an increase of about 10.0%[22] - The company reported a slight decrease in retained earnings, down by RMB 40,308.58 to RMB 404,394,238.04[33] Future Outlook - The company has sufficient orders on hand, indicating strong future revenue potential[10] - The company is actively expanding its product lines and applications, which is expected to drive future growth[12] - Government subsidies recognized in the current period decreased by 22 million RMB, impacting net profit calculations[10] - The weighted average return on equity decreased by 2.57 percentage points due to an increase in average net assets from the IPO and share-based payment expenses[10]