莱特光电(688150) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was CNY 56,599,581.32, a decrease of 21.29% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was CNY 12,258,142.12, down 63.81% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 6,965,965.90, a decline of 68.58% compared to the previous year[5]. - Total operating revenue for the first three quarters of 2023 was CNY 197,988,581.62, a decrease of 11.2% compared to CNY 222,987,107.89 in the same period of 2022[23]. - Net profit for the first three quarters of 2023 was CNY 56,001,367.31, down 38.5% from CNY 90,848,502.03 in the previous year[24]. - The total comprehensive income attributable to the parent company for Q3 2023 was CNY 56,001,367.31, a decrease from CNY 90,848,502.03 in Q3 2022, representing a decline of approximately 38.5%[25]. - Basic and diluted earnings per share for Q3 2023 were both CNY 0.14, down from CNY 0.23 in Q3 2022, indicating a decrease of about 39.1%[25]. Research and Development - The total R&D investment for Q3 2023 was CNY 13,515,175.48, an increase of 57.48% year-over-year, representing 23.88% of operating revenue[6]. - Research and development expenses rose significantly to CNY 38,272,175.82, an increase of 51.2% compared to CNY 25,301,224.93 in the same period last year[24]. - The decline in net profit was primarily due to a decrease in operating revenue and increased R&D expenses[10]. - The company plans to continue focusing on R&D and market expansion strategies to improve future performance[24]. Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date period was CNY 40,361,929.08, down 73.71% compared to the previous year[6]. - Cash inflow from operating activities for the first nine months of 2023 was CNY 251,906,237.96, compared to CNY 330,427,472.45 in the same period of 2022, reflecting a decline of approximately 23.6%[28]. - Net cash flow from operating activities for the first nine months of 2023 was CNY 40,361,929.08, significantly lower than CNY 153,497,497.31 in the previous year, a decrease of about 73.7%[28]. - Cash inflow from investment activities for the first nine months of 2023 was CNY 2,134,511,931.20, compared to CNY 902,504,421.24 in the same period of 2022, an increase of approximately 136.5%[28]. - Cash flow from financing activities for the first nine months of 2023 resulted in a net outflow of -CNY 60,159,498.82, contrasting with a net inflow of CNY 766,370,842.84 in the same period of 2022[29]. - The ending cash and cash equivalents balance as of the end of Q3 2023 was CNY 202,806,464.40, down from CNY 228,221,095.58 at the end of Q3 2022[29]. - Cash and cash equivalents decreased to CNY 210,252,608.50 from CNY 325,511,502.96, reflecting a decline of 35.3%[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 7,523[13]. - The largest shareholder, Wang Yalong, holds 198,654,281 shares, representing 49.36% of the total shares[13]. - The top ten shareholders hold significant stakes, with the second-largest shareholder, Xian Qilin Investment Co., Ltd., holding 17,680,000 shares, or 4.39%[14]. - The company has multiple investment partnerships, including Beijing Junlian Chengye Equity Investment Partnership, which holds 17,136,544 shares, or 4.26%[14]. - The company plans to repurchase shares with a total amount not less than RMB 30 million and not exceeding RMB 50 million, with a maximum repurchase price of RMB 29.40 per share[16]. - As of September 30, 2023, the company has repurchased a total of 1,568,870 shares, accounting for 0.39% of the total share capital[17]. - The total amount spent on share repurchases is RMB 27,117,781.93, with a highest transaction price of RMB 17.98 per share and a lowest price of RMB 16.58 per share[17]. - The company is focused on expanding its market presence and enhancing shareholder value through strategic repurchase plans[16]. Assets and Liabilities - The total assets as of the end of Q3 2023 were CNY 1,881,013,140.12, a decrease of 1.44% from the end of the previous year[6]. - Total assets decreased to CNY 1,881,013,140.12 from CNY 1,908,511,163.91, a decline of 1.4%[21]. - Total liabilities decreased to CNY 203,704,131.76 from CNY 223,240,175.61, a reduction of 8.7%[21]. - The company reported a significant increase in deferred tax assets to CNY 10,844,183.63, up from CNY 6,765,423.58, marking a growth of 60.7%[20]. - Inventory increased to CNY 105,707,342.69, up 42.9% from CNY 74,019,969.47 at the end of 2022[20]. - Total operating costs increased to CNY 151,314,471.46, up 5.5% from CNY 143,008,478.61 year-on-year[24]. Strategic Outlook - The report does not indicate any significant changes in the company's operational strategies or new product developments during the quarter[18]. - The company has not disclosed any new mergers or acquisitions in the recent reporting period[18].