Primeton(SH:688118)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥112,340,754.63, representing a 0.06% increase compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥8,325,054.33, with a year-to-date loss of ¥39,642,922.99[5]. - Total operating revenue for the first three quarters of 2023 reached ¥293,009,503.31, an increase of 17.7% compared to ¥248,950,987.45 in the same period of 2022[20]. - Net profit for the first three quarters of 2023 was a loss of ¥39,642,922.99, compared to a loss of ¥28,352,208.94 in the same period of 2022, representing a decline of 39.9%[21]. - The total profit (loss) for Q3 2023 was -17,014,211.78 RMB, compared to -9,396,232.29 RMB in Q3 2022, indicating a worsening performance year-over-year[30]. - The net profit (loss) for Q3 2023 was -15,158,121.32 RMB, compared to -7,831,865.68 RMB in Q3 2022, reflecting a significant increase in losses[30]. Research and Development - The total R&D investment for the year-to-date period was ¥75,139,987.59, which is an increase of 31.32% compared to the previous year[6]. - R&D expenses accounted for 23.76% of operating revenue in Q3 2023, an increase of 5.45 percentage points year-on-year[6]. - Research and development expenses for the first three quarters of 2023 amounted to ¥75,139,987.59, an increase of 31.4% from ¥57,220,975.69 in the same period of 2022[20]. - Research and development expenses increased to 52,555,297.25 RMB, compared to 45,997,150.68 RMB in the previous year, marking an increase of approximately 14.0%[29]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was a negative ¥134,067,887.78[6]. - The net cash flow from operating activities was -134,067,887.78 RMB, compared to -85,763,839.59 RMB in the previous year, indicating a decline in operational cash generation[25]. - The net cash flow from operating activities for the first three quarters of 2023 was -105,771,005.65 RMB, compared to -80,667,349.33 RMB in the same period of 2022, showing a decline in operational cash flow[32]. - Cash inflow from operating activities totaled 305,350,351.03 RMB for the first nine months of 2023, slightly up from 303,714,671.53 RMB in 2022[32]. - Cash outflow from operating activities increased to 411,121,356.68 RMB in 2023 from 384,382,020.86 RMB in 2022, indicating higher operational costs[32]. - The total cash and cash equivalents at the end of Q3 2023 were 114,637,980.67 RMB, down from 307,623,975.50 RMB at the end of Q3 2022[33]. Assets and Liabilities - Total assets as of the end of the reporting period were ¥963,910,381.51, a decrease of 5.57% from the end of the previous year[6]. - The total assets as of September 30, 2023, amounted to CNY 963,910,381.51, a decrease from CNY 1,020,816,885.01 at the end of 2022, reflecting a decline of approximately 5.6%[15]. - The company’s total current assets as of September 30, 2023, were CNY 759,155,671.54, down from CNY 804,590,687.24 at the end of 2022, a decrease of approximately 5.6%[15]. - Total liabilities as of the end of the third quarter of 2023 were ¥125,513,068.38, a decrease of 16.4% from ¥150,204,466.45 at the end of the previous year[20]. - The company’s total liabilities decreased, with total current liabilities reported at CNY 113,000,000, down from CNY 130,000,000, indicating a reduction of approximately 13.1%[16]. - The total liabilities decreased to 164,284,694.55 RMB from 214,576,129.95 RMB, a reduction of approximately 23.5%[27]. Shareholder Information - The company reported a total of 3,582,387 shares in the repurchase account, accounting for 3.76% of the total share capital[14]. - The top shareholder, Liu Yadong, holds 20,942,809 shares, representing 21.95% of the total shares[14]. - The total equity attributable to shareholders of the parent company was ¥838,397,313.13, down 3.7% from ¥870,612,418.56 in the previous year[20]. - The total equity as of September 30, 2023, was 871,408,256.51 RMB, slightly down from 879,007,479.86 RMB at the end of 2022, a decrease of about 0.7%[28].