Primeton(SH:688118)2022-10-26 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥112,271,597.01, representing a year-on-year increase of 23.24%[5] - The net profit attributable to shareholders was -¥831,808.33, a decrease of 111.83% compared to the same period last year[5] - The basic earnings per share for the reporting period was -¥0.009, a decline of 112.24% compared to the same period last year[6] - Net profit for Q3 2022 was -¥28,352,208.94, a significant decline from -¥3,118,819.90 in Q3 2021[22] - Net profit for the first three quarters of 2022 was CNY -7,831,865.68, down from CNY 10,827,799.51 in the same period of 2021, indicating a significant decrease[32] - The company reported a total comprehensive income of -CNY 7,831,865.68 for the third quarter of 2022, compared to CNY 10,827,799.51 in the same quarter of 2021, indicating a decline in profitability[33] Research and Development - The R&D investment totaled ¥20,556,528.36, accounting for 18.31% of operating revenue, a decrease of 2.69 percentage points year-on-year[6] - Research and development expenses increased to ¥57,220,975.69 in Q3 2022, compared to ¥46,613,446.64 in Q3 2021, reflecting a growth of 22.5%[21] - Research and development expenses for the first three quarters of 2022 were CNY 45,997,150.68, compared to CNY 43,141,448.24 in the same period of 2021, indicating an increase of approximately 4.3%[31] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was -¥85,763,839.59, indicating a significant cash outflow[6] - The net cash flow from operating activities for the first three quarters of 2022 was -CNY 80,667,349.33, compared to -CNY 20,519,911.39 in the same period of 2021, indicating a decline in operational performance[33] - Cash and cash equivalents at the end of Q3 2022 stood at ¥308,927,533.33, compared to ¥91,306,561.78 at the end of Q3 2021[26] - The company's cash and cash equivalents were RMB 311,091,759.33, down from RMB 549,928,771.91 at the end of 2021, representing a decline of approximately 43.4%[16] - The cash outflow from operating activities totaled CNY 384,382,020.86, up from CNY 321,641,193.21 in the previous year, representing an increase of approximately 19.5%[33] Assets and Liabilities - The total assets at the end of the reporting period were ¥977,229,437.55, reflecting a decrease of 9.47% from the end of the previous year[6] - As of September 30, 2022, the company's total assets amounted to RMB 977,229,437.55, a decrease from RMB 1,079,482,890.38 at the end of 2021[16] - The company's total liabilities decreased to RMB 133,606,181.48 from RMB 154,220,943.45, reflecting a decline of approximately 13.3%[18] - Total liabilities as of September 30, 2022, were CNY 179,830,153.39, down from CNY 220,531,095.77 in the previous year[29] - The company's total equity attributable to shareholders decreased to RMB 843,623,256.07 from RMB 925,261,946.93, a decline of approximately 8.8%[18] Inventory and Receivables - The inventory increased significantly to RMB 65,948,556.97 from RMB 25,674,648.59, marking an increase of about 157.5%[16] - The company's accounts receivable rose slightly to RMB 195,412,855.25 from RMB 192,057,001.78, indicating a growth of approximately 1.8%[16] - Accounts receivable increased slightly to CNY 197,725,646.40 from CNY 193,371,763.74, showing a growth of about 2.3%[28] - The company's other receivables increased to RMB 6,931,678.27 from RMB 4,120,213.74, representing an increase of about 68.3%[16] Investment Activities - The company reported a total cash inflow from investment activities of ¥1,437,749,007.54 in the first three quarters of 2022, up from ¥1,332,052,996.90 in the previous year[25] - The net cash flow from investment activities was -¥89,386,236.97 in Q3 2022, an improvement from -¥209,384,300.47 in Q3 2021[25] - The total cash inflow from investment activities was CNY 1,437,749,007.54, an increase from CNY 1,332,048,371.43 in the previous year, marking an increase of about 7.9%[34] - The net cash flow from investment activities was -CNY 92,386,236.97, an improvement from -CNY 209,388,925.94 in the same period of 2021, showing a reduction in losses[34] Employee Costs - The company paid CNY 102,756,044.17 to employees in the first three quarters of 2022, which is a significant increase from CNY 63,430,175.95 in the same period of 2021, reflecting higher labor costs[33]