Wayzim(SH:688211)2023-10-27 16:00Revenue and Profit Performance - Revenue for the third quarter was RMB 192.3 million, a decrease of 49.52% year-over-year[5] - Net profit attributable to shareholders was RMB -78.75 million for the quarter, compared to RMB -18.98 million year-to-date, a decrease of 201.22%[5] - Basic earnings per share for the quarter was RMB -0.61, and year-to-date it was RMB -0.15, a decrease of 207.14%[6] - Operating revenue for the first three quarters of 2023 was 975,861,890.39 RMB, a decrease from 1,067,711,972.62 RMB in the same period last year[22] - Net profit for the first three quarters of 2023 was -18,978,546.79 RMB, compared to a profit of 18,750,603.04 RMB in the same period last year[23] - Revenue for the first three quarters of 2023 was 941.88 million yuan, a decrease of 6.77% compared to 1,010.25 million yuan in the same period of 2022[30] - Net profit for the first three quarters of 2023 was -64.71 million yuan, compared to -2.25 million yuan in the same period of 2022, indicating a significant increase in losses[30] R&D Investment and Expenses - R&D investment for the quarter was RMB 36.63 million, a decrease of 17.91% year-over-year, but year-to-date R&D investment increased by 19.40% to RMB 131.24 million[6] - R&D investment as a percentage of revenue increased by 7.34 percentage points to 19.05% for the quarter[6] - Research and development expenses increased to 131,242,488.17 RMB from 109,919,577.66 RMB, highlighting the company's continued investment in innovation[22] - R&D expenses increased to 118.73 million yuan in the first three quarters of 2023, up 13.74% from 104.39 million yuan in the same period of 2022[30] Assets and Liabilities - Total assets increased by 21.83% to RMB 6.77 billion compared to the end of the previous year[6] - Total assets increased to 6,766,033,602.14 RMB from 5,553,468,596.01 RMB, reflecting a significant growth in the company's asset base[19] - Total liabilities rose to 3,211,032,510.21 RMB from 1,984,238,301.51 RMB, indicating increased financial obligations[19] - Fixed assets grew to 482,831,185.50 RMB from 333,737,235.67 RMB, reflecting ongoing capital expenditures[19] - Total assets increased to RMB 5.93 billion as of September 30, 2023, up from RMB 4.99 billion at the end of 2022[26] - Total liabilities grew to RMB 2.56 billion as of September 30, 2023, compared to RMB 1.57 billion at the end of 2022[28] - Shareholders' equity decreased to RMB 3.36 billion as of September 30, 2023, down from RMB 3.42 billion at the end of 2022[28] Cash Flow and Financial Activities - Operating cash flow for the year-to-date increased by 617.58% to RMB 521.29 million[6] - Net cash flow from operating activities surged to RMB 521.29 million in the first three quarters of 2023, a significant increase from RMB 72.65 million in the same period last year[24] - Cash received from investments decreased to RMB 3.36 billion in the first three quarters of 2023, down from RMB 10.57 billion in the same period last year[24] - Cash paid for investments amounted to RMB 3.49 billion in the first three quarters of 2023, compared to RMB 10.92 billion in the same period last year[24] - Net cash flow from financing activities was negative RMB 126.17 million in the first three quarters of 2023, slightly improved from negative RMB 125.18 million in the same period last year[25] - Cash flow from operating activities was 361.40 million yuan in the first three quarters of 2023, a significant improvement from -72.52 million yuan in the same period of 2022[33] - Cash flow from investing activities was -398.39 million yuan in the first three quarters of 2023, compared to -532.36 million yuan in the same period of 2022[33] - Cash flow from financing activities was -123.76 million yuan in the first three quarters of 2023, compared to -64.44 million yuan in the same period of 2022[34] - The company's cash and cash equivalents at the end of the third quarter of 2023 were 239.35 million yuan, a decrease of 160.13 million yuan from the beginning of the year[34] Government Subsidies and Non-Recurring Items - Government subsidies received during the quarter amounted to RMB 7.09 million[8] - Non-recurring gains and losses for the quarter totaled RMB 16.26 million[10] Market and Customer Analysis - The decrease in revenue was primarily due to reduced project acceptance and lower income during the quarter[10] - Total contract value of orders on hand as of September 2023 is approximately 3.563 billion yuan, with the top five customers accounting for 32.09%, 10.82%, 9.49%, 8.20%, and 4.41% respectively[16] - Domestic market accounts for 84.41% of the total contract value of orders on hand, while the overseas market accounts for 15.59%[16] Inventory and Contract Liabilities - Inventory as of September 30, 2023, amounts to 2.451 billion yuan, an increase from 1.500 billion yuan at the end of 2022[18] - Contract liabilities surged to 1,517,086,148.39 RMB from 636,982,480.50 RMB, indicating a substantial increase in advance payments from customers[19] - Inventory levels rose to RMB 2.26 billion as of September 30, 2023, compared to RMB 1.33 billion at the end of 2022[26] - Contract liabilities increased to RMB 1.46 billion as of September 30, 2023, up from RMB 630.28 million at the end of 2022[28] Shareholder and Equity Information - The company's repurchase account holds 3,239,000 shares as of the end of the reporting period[15] - Wuxi Weizhiyuan Venture Capital Enterprise holds 27,000,000 shares, representing 20.52% of the total shares[13] - Li Gongyan holds 19,800,000 shares, representing 15.04% of the total shares[13] - The company's total equity slightly decreased to 3,555,001,091.93 RMB from 3,569,230,294.50 RMB, indicating minor changes in shareholder equity[20] Sales and Expenses - Sales revenue from goods and services increased to RMB 2.45 billion in the first three quarters of 2023, up from RMB 1.68 billion in the same period last year, representing a 46.3% growth[24] - Sales expenses rose to 93.62 million yuan in the first three quarters of 2023, a 64.17% increase from 57.03 million yuan in the same period of 2022[30] Other Financial Metrics - Monetary funds as of September 30, 2023, amount to 318.80 million yuan, a decrease from 461.26 million yuan at the end of 2022[18] - Trading financial assets as of September 30, 2023, amount to 1.355 billion yuan, an increase from 1.249 billion yuan at the end of 2022[18] - Accounts receivable as of September 30, 2023, amount to 514.89 million yuan, a decrease from 858.20 million yuan at the end of 2022[18] - Prepayments as of September 30, 2023, amount to 158.19 million yuan, an increase from 70.61 million yuan at the end of 2022[18] - Other comprehensive income showed a loss of -20,232.99 RMB, compared to no significant change in the previous period[23]