CABIO(SH:688089)2023-10-27 16:00Financial Performance - The company's revenue for Q3 2023 was ¥126,067,604.04, representing a year-over-year increase of 23.48%[5] - Net profit attributable to shareholders decreased by 8.17% to ¥25,567,296.51 for the quarter, and year-to-date net profit decreased by 22.41% to ¥60,414,285.96[5] - The net profit excluding non-recurring gains and losses was ¥18,259,446.15, down 4.06% year-over-year, with a year-to-date decrease of 25.26% to ¥41,051,378.78[6] - Basic and diluted earnings per share were both ¥0.15, reflecting an 11.76% decrease compared to the same period last year[6] - Total operating revenue for the first three quarters of 2023 reached ¥324,828,476.58, an increase of 19% compared to ¥273,244,476.30 in the same period of 2022[20] - Net profit for the third quarter of 2023 was ¥57,127,019.09, a decrease of 24% from ¥75,304,227.69 in the same quarter of 2022[21] - The net profit for the first three quarters of 2023 was ¥58,283,755.65, down 23.03% from ¥75,648,361.83 in the previous year[32] - Total comprehensive income for the third quarter of 2023 was ¥57,112,887.27, a decrease from ¥75,279,465.99 in the same quarter of 2022[22] - Total comprehensive income for the third quarter was CNY 58,283,755.65, compared to CNY 75,648,361.83 in the previous year[33] Research and Development - Research and development expenses totaled ¥10,376,364.23, a decrease of 11.04% year-over-year, while R&D expenses accounted for 8.23% of revenue, down 3.19 percentage points[6] - Research and development expenses for the first three quarters of 2023 totaled ¥28,210,281.12, compared to ¥26,333,080.29 in 2022, indicating a 7% increase[20] - The company's R&D expenses for the first three quarters of 2023 were ¥24,260,199.05, slightly up from ¥23,355,921.81 in the same period last year[32] - The company plans to continue focusing on R&D and market expansion strategies to enhance future growth prospects[6] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,555,757,829.96, a decrease of 3.42% from the end of the previous year[6] - As of September 30, 2023, the total current assets amounted to RMB 730,942,324.05, a decrease of 19.5% from RMB 907,365,963.52 at the end of 2022[15] - The company's total assets as of September 30, 2023, were RMB 1,555,757,829.96, down from RMB 1,610,828,359.79, a decrease of 3.4%[16] - The company's total liabilities decreased to ¥134,793,229.04 from ¥234,618,597.19 year-over-year[30] - Total liabilities decreased to RMB 86,230,928.91 from RMB 185,767,562.26, a reduction of 53.7%[17] - The total equity increased to RMB 168,309,120.00 from RMB 120,000,000.00, representing a growth of 40.2%[17] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥25,173,736.59, showing a significant decrease of 69.85% compared to the previous year[6] - Cash flow from operating activities for the first three quarters of 2023 was ¥25,173,736.59, down significantly from ¥83,502,609.85 in the same period of 2022[24] - Net cash flow from operating activities for the first three quarters of 2023 was CNY 20,021,419.84, down from CNY 86,810,547.52 in the same period last year[35] - Cash inflow from operating activities totaled CNY 326,007,586.86, slightly decreased from CNY 328,616,321.67 year-over-year[35] - Cash outflow from operating activities increased to CNY 305,986,167.02, compared to CNY 241,805,774.15 in the previous year[35] - The cash outflow from investment activities in Q3 2023 was ¥503,223,098.26, compared to ¥951,311,549.44 in Q3 2022[26] - The company reported a net cash flow from financing activities of -¥42,101,752.67 in Q3 2023, compared to -¥6,704,513.99 in the same quarter of 2022[26] Inventory and Receivables - Accounts receivable increased to RMB 212,137,495.10, up from RMB 188,966,972.72, indicating a growth of 12.2%[16] - Inventory rose to RMB 116,181,660.53, compared to RMB 81,490,915.63, reflecting an increase of 42.5%[16] - The company's inventory increased to ¥110,020,071.51 in Q3 2023 from ¥78,443,729.20 in Q3 2022, indicating a growth of 40.38%[29] Financial Position - The company's total assets and equity amounted to ¥1,555,757,829.96 and ¥1,469,526,901.05 respectively as of the end of the third quarter of 2023[18] - The company's long-term equity investments rose to ¥180,489,157.96 as of September 30, 2023, compared to ¥153,584,960.77 at the end of 2022, reflecting a growth of 17.5%[29] - The company's financial expenses for the first three quarters of 2023 were reported at -¥2,895,402.11, compared to -¥16,688,234.32 in the same period of 2022[21] Strategic Focus - The company plans to continue focusing on investment in new technologies and market expansion strategies[37] - The company has not disclosed any new product developments or market expansion strategies during the reporting period[14] - The company has not adopted new accounting standards for the current year[37]